The U.S. printing market could see an additional decline of 6.4 percent by 2030 as a result of tariffs, representing the closure of more than 1,000 companies. This is according to a new white paper from Smithers, a global authority on the printing industry.
Depending on the scenario, US printing consumption in 2030 could range from $78.6 billion to $84.7 billion, a swing of more than $6 billion driven by tariff-related uncertainty.
Key Findings:
• Despite pressures, packaging-related print is forecast to grow steadily, driven by e-commerce and food sectors;
• Prices for US-manufactured paper and inks will be affected by imported raw materials, and there is not enough US capacity for printing papers, inks and plates in the short term;
• Printers and suppliers could be forced to explore reshoring and regional hubs to mitigate future tariff risks; and
• Brands and converters are increasingly adopting a “Plus One” strategy, diversifying their sourcing beyond China to mitigate future trade risks, with Southeast Asia and Latin America emerging as key alternatives.
https://boardconvertingnews.com/smithers-tariffs-could-close-1000-u-s-printers/
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