7 Once-Thriving Industries on Life Support—What’s Causing the Decline?

Several industries that once flourished are now facing significant downturns, influenced by technological advancements, shifting consumer behaviors, and global economic changes. This article examines seven such industries, highlighting the reasons behind their struggles, the financial losses incurred, and the emerging sectors that are taking their place.

1. Newsprint Manufacturing

The digital revolution has drastically reduced the demand for traditional newsprint, leading to a projected annual revenue decline of 7.9% in the U.S. for 2025. As consumers increasingly turn to digital platforms for news, traditional print media has seen a sharp drop in circulation and advertising revenues. This decline has paved the way for the rise of digital media companies and online news outlets, which offer real-time updates and interactive content.

2. Paper Mills

With the global push towards digitalization and environmental sustainability, the paper mill industry is experiencing a significant downturn, with an anticipated revenue decline of 5.8% in 2025. The reduced need for paper products, coupled with increasing environmental regulations, has led to factory closures and job losses. In contrast, the digital documentation and cloud storage industries are booming, offering efficient and eco-friendly alternatives to paper-based processes.

3. Printing Services

The rise of digital media and online advertising has diminished the demand for traditional printing services, resulting in a projected 5.7% revenue decline in 2025. Businesses are allocating more of their marketing budgets to digital platforms, which offer targeted advertising and measurable results. This shift has benefited digital marketing agencies and online content creators, who are capitalizing on the growing preference for digital over print. ​

4. Billboard & Outdoor Advertising

Traditional billboard and outdoor advertising are losing ground to digital advertising methods, with an expected annual revenue decline of 7.8% in 2025. The ability of digital platforms to provide targeted and interactive advertisements has made them more attractive to businesses. Consequently, companies specializing in online advertising, social media marketing, and influencer partnerships are thriving, offering more personalized and engaging promotional strategies. ​

5. Industrial Chocolate Production

The industrial chocolate production industry is facing challenges due to fluctuating cocoa prices and changing consumer preferences, leading to an anticipated revenue decline of 8.8% in 2025. Health-conscious consumers are seeking healthier snack alternatives, impacting traditional chocolate sales. This shift has opened opportunities for producers of health-focused snacks, including those offering organic, low-sugar, and plant-based options.

6. Fruit & Vegetable Wholesaling

The fruit and vegetable wholesaling industry is projected to experience an 8.3% revenue decline in 2025. Factors such as supply chain disruptions, increased competition, and changing consumer buying habits contribute to this downturn. Direct-to-consumer models and farm-to-table movements are gaining popularity, allowing consumers to purchase produce directly from growers, thereby bypassing traditional wholesalers. ​

7. Correctional Facilities

The correctional facilities industry in the U.S. is expected to see a 7.9% revenue decline in 2025. Reforms in the criminal justice system, including reduced incarceration rates for non-violent offenses and a focus on rehabilitation over punishment, have decreased the demand for traditional correctional facilities. This decline has led to a rise in alternative correctional programs, such as community service and electronic monitoring, which aim to reintegrate individuals into society more effectively.

Final Thoughts

​The decline of once-thriving industries such as newsprint manufacturing, industrial chocolate production, and correctional facilities highlights the dynamic nature of the global economy. Factors like technological advancements, changing consumer preferences, and policy reforms have reshaped these sectors, leading to significant revenue declines. Emerging industries, including digital media, health-focused snacks, and alternative correctional programs, have risen to prominence, reflecting society’s evolving needs. Adapting to these changes is crucial for businesses aiming to remain relevant and profitable in this ever-evolving landscape.