GCC: Printing Industry To Reach US$26 Billion By 2018
International Expo Consults (IEC) part of Falak Holding, stated that the printing industry in the Middle East and North Africa (MENA) region will continue to witness rapid growth due to the growing infrastructure and associated developments. As per the Smithers Pira report, the total printing revenues in the MENA region were US$17.6 billion in 2012 and are forecast to grow 7.2% per annum reaching US$26 billion by 2018.
“Print media has a strong turnover in the MENA region with a surge in printing of books, periodicals, magazines, newspapers, large scale banners and other materials. Commercial printing is finding inroads into ever growing sales and revenues regardless of the fact that there is a paradigm shift to alternative technology. This technology fad in terms of digital or electronic books and online communication has taken prominence but cannot scale the popularity of the printed tangibles as yet. Print industry is set to reach new heights with steady popularity of conventional large scale printing and the augmentation of online technology,” said Mr. Abdul Rahman Falaknaz, Chairman of International Expo Consults.
Another facet of the printing industry – the textile printing industry in the country, is set to gather momentum as UAE stands as the world’s fourth largest trading centre of textiles, generating an approximate US$17.5 billion annually. Screen printing continues to hold a major share of the global textile printing market, in terms of production volume of printed textiles.
