27 May 2021
Philippines Graphics Market Posts 10.2% Growth Quarterly in 2021Q1
MANILA, May 28, 2021 - According to the IDC Worldwide Quarterly Industrial Printer Tracker, Graphics product of industrial printer tracker, Philippines, showed significant growth quarterly 10.2% in 2021Q1 but declined -6.0% in 2021Q1 compare to 2020Q1. 2020 was challenging time for all printing industry players in graphics market was from March until December 2020. As leasing schemes get postponed, printing demand has decreased more than 50%. Consequently, some print service providers decided to close their business. “The pandemic has impacted all graphics sectors including signage, jersey, decoration and souvenir. But there are some opportunities that can be explored during this crisis time to flatten the curve and avoid bigger impact of recession” says Puwanart Pientanyakij, Market Analyst for IPDS at IDC Thailand.
The enhanced community quarantine, ECQ, in Luzon made the general market has plunged in the past quarter. Sport event included basketball, badminton and marathon cannot organized event during the ECQ. During the pandemics, there are also emerging opportunities in printing business. Presently, the demands for fabric facemask, food delivery uniform and racing suites are major applications. These applications might be the alternative income during the pandemics and allows more cashflow to print service providers.
Beside social media platform such as Facebook and Instagram. In order to avoid and minimalize the direct contact – Web to Print solution or W2P is another tool for Print services provider to adopt for simplify buying process. Current popular platforms are Onprintshop, XMPie and Uprinting. These platforms provide details of products, consultation, real-time price calculation and web feature with drop file option for quick response. The results or printing products will be sent out directly to their customer using third party logistic services.
These online platforms should be the new normal of printing industry. Not only simplify buying process, but also being used as analytic tools. Print service providers can maximize the solution to develop and provide the right product and services in the future.
About IDC Trackers
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and online query tools. The IDC Tracker Charts app allows users to view data charts from the most recent IDC Tracker products on their iPhone and iPad.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.
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