U.S. Specialty Printing Consumables Market to Exhibit 4.4% CAGR During 2016-2024

Market Research Reports Search Engine (MRRSE) has added a new report to its repository. The report, titled “Specialty Printing Consumables Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024,” offers a detailed overview of the U.S. specialty printing consumables market and presents insights into the key factors impacting the market’s growth during the period between 2016 and 2024. The report projects the U.S. specialty printing consumables market to expand at a CAGR of 4.4% during the forecast period. The overall market stood at a valuation of US$24.09 bn in 2015. 

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Specialty printing consumables include specialty substrate, ink, chemicals, and others. Rise in the shipments of the commercial printing industry in the U.S. has boosted the growth of the specialty printing consumables market in the region. Increased usage of 3D printers and rapid growth of the packaging industry have also supported the growth of this regional specialty printing consumables market.

Based on printing process, the U.S. specialty printing consumables market has been segmented into flexographic printing, lithographic printing, digital printing, and rotogravure printing. Of these, the lithographic printing segment led the overall market in 2015. However, during the period between 2016 and 2024, the digital printing segment is anticipated to expand at the highest rate.

On the basis of product type, the report categorizes the U.S. specialty printing consumables market into specialty substrate, toner, ink, and chemicals. Revenue-wise, the toner segment held 48% of the market in 2015. However, during the forecast period, the specialty substrate segment is anticipated to expand at a CAGR of 5.4%.

For more information about this report visit: https://www.mrrse.com/us-specialty-printing-consumables

In terms of application, the report segments the U.S. specialty printing consumables market into commercial printing and publishing application, office and professional application, and others. The office and professional application segment accounted for 54% of the market revenue in 2015. During the forecast period, this application segment is estimated to expand at a CAGR of 4.7%.

Describing the vendor landscape, the report profiles some of the key players operating in the U.S. specialty printing consumables market such as Canon Inc., DIC Corporation, Lexmark International Inc., Xerox Corporation, Eastman Kodak Co., Hewlett-Packard Development Company L.P., Flint Ink Inc., and Nazdar Ink Technologies. The report further provides detailed information about the key players including their company overview, revenue, product segmentation, and recent developments.

The U.S. specialty printing consumables market is highly fragmented. The key players are working on product advancements while focusing on partnerships and acquisitions to enhance their expertise. For example, Hewlett-Packard Development Company L.P. has acquired companies such as NUR Macroprinters Ltd., and MacDermid Color Span Inc. while focusing on emerging technologies including managed print services, 3D printing, and graphics. Similarly, Xerox is stressing on the transportation and healthcare sectors to expand its market share.

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This release was published on openPR.