Printed Books Trend Upward in Sales Post-Pandemic
Hot off the presses: as we head into the post-pandemic era, print book publishing is picking up where it left off — skyrocketing in sales and popularity. As print books trend upward in sales post-pandemic, publishers need printers to rely on for speed and flexibility.
Print is on Trend
The New York Times wrote, “Sales of digital books fell 3.6 percent to $1.02 billion in 2018, a third straight decline, while hardback sales rose 6.9 percent to $3.06 billion and paperback sales 1.1 percent to $2.67 billion, according to the Association of American Publishers.”
In January 2020, The Association of American Publishers reported that total book sales were $12.57 billion year-to-date in 2019. The growth was an increase of 3.6% over the previous year. Printed books continued to dominate the consumer publications category, accounting for $751.0 million, or 80% of the category’s $938.7 million in revenue. Paperback books saw the most growth, once again, climbing 11.0%. Professional publishing also jumped.
While book sales initially dropped off in early 2020, they began to tick upward in the spring and ended the year strong with print sales rising 8.2% over 2019, the most significant annual increase since 2005, and the print total of 751 million units sold was the highest since 2009. An increase in online sales drove numbers up, and online sales are projected to continue strong through 2021.
Printed Pages Produce Better Comprehension
Several recent studies have reviewed digital books and education materials vs. paper. According to the Hechinger Report, a nonprofit newsroom focused on education that examined these studies, reading on paper trumps reading on screens regarding comprehension and student preference.
The Right Partner Can Make the Difference
Let’s get your titles flying off the shelf, What does all this mean for today’s book publishers and the way they work with printers? Here are the key takeaways:
The era of printed books is not over. It’s on the uprise, so finding a reputable, flexible, high-capacity printer like Consolidated Press to keep up with publishing demands is crucial.
Time and again, learning and comprehension are reported to be better on paper than with digital for a variety of reasons, which research is still uncovering. In the meantime, book publishers can rely on a powerhouse printer like Consolidated Press to increase efficiency and cost competitiveness to meet the demand for more printed books.
Independent bookstores are increasing their margins with gifts, consumables, events, and more. As a result, publishers don’t need to slash prices to be competitive. The boutique environment is also an incentive to experiment with bolder designs and visual impact to stand out on a shelf.
Sales of e-books are down and audiobooks are up. E-books compete primarily with paper books; audiobooks compete with music, podcasts, radio, and other paid audio media. Some publishers have adopted a digital-first strategy and need a printer that can nimbly print books on demand.
Paperback books continue to see explosive growth. You can depend on CP’s equipment to precisely print crucial information and images, perfect binding each piece with optical cameras confirming quality and placement. We ship straight from our warehouse, offering the most accurate addressing and cost-effective mailing available.
Whether on-demand or on a schedule, textbook or trade paperback, CP can meet today’s book printing market demands and exceed publisher expectations for quality, speed, value, and flexibility every time.
Consolidated Press is one for the books. Call or click today to start our valuable partnership in printing.