Recently, Global Market Insights introduced a study on the Printing Toners Market which encompasses significant inputs with respect to market share, market size, regional landscape, contributing players, and revenue projection of this industry vertical. The report also educates investors regarding the existing tends, prime challenges, and current expansion strategies applied by the key organizations that constitute the hyperactive competitive gamut of this business sphere.
North America had the highest share in the global printing toners market in 2016 and had revenue exceeding USD 1 billion. Technological proficiency in laser printing and massive product requirement for bulk commercial printing applications in the region will boost the industry growth in the coming years. The flourishing packaging industry in Asia Pacific and the rising popularity of customized printers in the region will have a positive influence on the regional demand for printed toners. Asia Pacific will observe a CAGR of 7% by 2024.
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Increasing demand for laser printing rather than inkjet printing, especially in the commercial printing operations, will have a positive influence on the printing toners market. The inclination toward laser printing among the industry participants will be mainly attributed to various features such as reduced cost per copy, enhanced print quality, and speedy operations.
Strong growth in the packaging industry is likely to be a key driver for the global printing toners market growth in the near future. Advanced techniques in various fields, such as advertising and brand management and increasing importance to visual traits in product presentation, offer a positive outlook on the demand for printing toners. The growing demand for the improved packaging designs from several end-use industries including electronics, food & beverage, textile, pharmaceutical, etc., will drive the printing market growth.
Key market participants are:
- HP Inc.
- Konica Minolta
- Canon Inc.
- Brother International
- American Tonerserv Corporation
- ACM Technologies
Rising industrialization has resulted in improved communication trends with considerable importance to public relations in the last decade. Modern presentation tendencies in business communication have led to a rise in printing bookmarks, manuals, catalogs, banners, and brochures. Such traits will expand the printing toners market by 2024.
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In 2016, the conventional printing toners contributed over USD 2 billion to the revenue. Conventional toners are projected to have a considerable demand by 2024 for their low-cost operation and widespread applicability in numerous printing techniques.
Increasing demand for aesthetic flexibility in the color printing for desktop publishing, commercial printing, flexible cartons printing, and other applications will lift color printing toners market in the coming years. In 2016, the color printing contributed to a revenue of over USD 1.5 billion and will follow the similar trend by 2024.
Chemically-prepared toners segment is estimated to have the fastest growth over the forecast timespan with gains at over 7% CAGR. Additionally, the rising production of laser copiers, which are suitable with chemically-prepared toners is expected to augment the printing toners market by 2024.
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