Commercial Print Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Every organization and its procurement team look forward to negotiating the best deal while procuring a set of products or subscribing to services. Rate benchmarking involves price/cost comparison of more than one set of products/services to analyze the most efficient combination that can potentially help the procurement team in getting the optimum rate.

The size of the print job and complexity of the design play a vital factor in analyzing the rate benchmarking of commercial print services category. For example, screen printing is the most expensive whereas risograph printing is the cheapest. Offset printing is a widely used commercial printing method with a high-quality output suitable for large-volume printing. It costs between USD 0.50 and USD 1.00 per page. Digital printing is a cost-effective option for small-volume printing, with a cost per page ranging from USD 0.25 to USD 0.50. Screen printing is a durable, high-volume printing method with a cost per page between USD 1.00 and USD 2.00. Flexography is a cost-effective option for large-volume printing, with a cost per page between USD 0.30 and USD 0.50. Gravure printing is a high-quality, long-lasting printing method with a cost per page between USD 0.60 and USD 1.20. Letterpress printing is a textured printing method with a cost per page between USD 0.75 and USD 1.50. Risograph printing is a low-cost option for small print runs, with a cost per page between USD 0.15 and USD 0.30.

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Labor cost is one of the key components of the total incurred costs while offering a product or service. Therefore, an organization must decide on whether the focus category should be retained in-house or outsourced if the organization is providing its products or services at competitive prices. If the organization decides in favor of outsourcing, it must understand the difference in the salary structures of suppliers before selecting a supplier and formulating a negotiation strategy.

According to our research, cutter operators at Acme Printing, and Quebecor World receive a 5% - 10% higher average salary compared to the salary received by cutter operators working in companies such as Cenveo, and Cimpress. However, the year-on-year increment rate in all these companies majorly depends on the Key Result Areas (KRAs).

Organizations may find it cumbersome to continuously track all the latest developments in their supplier landscape. Outsourcing the activities related to gathering intelligence allows organizations to focus on their core offerings. At this juncture, our newsletter service can help organizations stay updated with the latest developments and innovations and subsequently assist in preventing disruptions in the supply chain. We have identified the following developments within the commercial print services category over the last two years:

In September 2022,Westrock Company bought the HP PageWide T1190 inkjet digital press. The digital press would supplement the company’s present offset lithography, flexographic preprint, flexographic direct printing, and sheet-fed digital print processes all over its corrugated box plants and specialty facilities.

In June 2022, Banaplast, a flexible packaging manufacturer, has been acquired by TC Transcontinental. With this acquisition, TC Transcontinental expands its packaging portfolio and network across the Latin American agro-industrial industry.

In May 2022, SICURA Litho Pack ECO, a novel U.V. offset ink for non-food paper and board use, was launched by Siegwerk. It contains over 40% sustainable and plant-based components, according to a news release from Siegwerk. It says that the new UV offset ink series contains a greater proportion of sustainable organic ingredients than standard UV inks.

In May 2022, RRD developed Helium, an editing solution that provides professionals with access to specialist copywriting, content optimization, and project management. This solution might give marketers a single point of contact for numerous content-generation subject matter experts.

In April 2022, Canon USA, Inc., a provider of digital imaging solutions, has introduced Prismacolor Manager, a system that assists customers in evaluating and monitoring print quality. The system also displays customers how their finished product look like in comparison to a commercial printing industry standard or to their own internal printing criteria. Customers can easily deploy Prismacolor Manager as a cloud-based service and track and compare outcomes over time.

In October 2021, The Xeikon PX3300 and Xeikon PX2200 label presses have been unveiled by Xeikon, a major producer of digital printing solutions. These presses employ Panther DuraCure UV technology from the firm to generate high-gloss labels with great scuff resistance. This is said to provide a wide color spectrum and long-term durability for a number of applications, such as industrial, chemical, home, and high-end labels for the luxury beverage, health, and beauty industries.