Printing Toner Market Exceeding at 6.2% CAGR to Cross $5.5bn by 2024
Tuesday, January 08, 2019
According to a new research report by Global Market Insights, Inc. Printing Toners Market will surpass USD 5.5 billion by 2024.
Robust growth in packaging industry will be a significant driver to global printing toners market by 2024. Rising demand for the enhanced packaging designs from numerous industries including pharmaceutical, food & beverage, electronic gadgets, textile, etc. will propel the printing toners market size. Innovative trends in the advertising and branding industries, increasing importance to the aesthetic traits of the product labelling and packaging will also have positive influence on the industry over the forecast period.
Exponential rate of industrialization has led to increased communication with substantial importance to public relations in the recent years. The recent presentation trends in business to business as well as business to consumer communication have contributed to surge in printing of catalogs, book marks, manuals, brochures and banners. This in turn will augment industry size by 2024. Laser printing penetration compared to inkjet particularly in the commercial printing on account of speedy operations, reduced cost per copy and print quality will further drive printing toners market.
Prolonged exposure to the printing toners may cause respiratory problems to the operators, which could be a challenge before the printing toners industry participants over the forecast timeframe. Strong campaigning of paper saving will also affect the industry growth to some extent by 2024.
Conventional printing toners led the printing toners market in 2016 and generated revenue exceeding USD 2 billion. Conventional toners are projected to have substantial demand in the forecast period owing to their extensive applicability in various printing techniques and lower cost of operation.
Chemically prepared toners will be the fastest growing segment by 2024 with gains more than 7% CAGR. Moreover, commercialization of laser copiers compatible with the chemically prepared toners are likely to propel the demand for chemically prepared printing toners in forecast period.
Styrene-acrylic printing toners will witness gains of CAGR over 5.5%. The demand for styrene-acrylic resin will be particularly for the monochrome printing applications such as transactional documents (billing statements), books & manuals, forms, direct mail, sell sheets and reports. In 2016, polyester printing toners had contributed to revenue exceeding USD 1.5 billion and will have substantial rise by 2024. Rise in Print On-Demand (POD) printing technique owing to the involved benefits such as printing costs reduction, lesser wastage, speedy delivery will boost the demand for polyester printing toners in the coming years. Polyester resins have been gaining wider acceptance in POD for their features such as low temperature fusing, mechanical toughness and longevity.
In 2016, color printing segment had surpassed USD 1.5 billion. Rising demand for aesthetic versatility in color printing in flexible cartons printing, desktop publishing, commercial printing, and others will boost color printing toners market share in forecast timeframe.
Printing toners market size was led by North America in 2016, with revenue more than USD 1 billion. The surge has been accredited to the technological expertise in laser printing coupled with massive demand in large-scale commercial printing. Asia Pacific is probable to have gains nearly 7% CAGR in the forecast timeframe. Growing demand for customized printers and thriving packaging industry will contribute to printing toners market growth in the region by 2014.
Significant market participants include: Konica Minolta, Canon, Inc., EPSON, HP Inc., Brother International Corporation, Toshiba, American Tonerserv Corporation, ACM Technologies, etc.
Browse key industry insights spread across 171 pages with 187 market data tables & 27 figures & charts from the report, “Printing Toners Market Size By Production Technology (Conventional Toner, Chemically Prepared Toner), By Raw Materials (Polyester, Styrene-acrylic), By Application (Monochrome, Color), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents: