Press release
Printing Toners Market Outlook and Analysis to 2024 – Leading Top Companies are Toshiba, Canon, Inc., Epson America Inc., Panasonic, HP, Lexmark, ACM Technologies, Inc., Citizen, Inc., IBM, Brother International Corporation
Printing Toners Market
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.
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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.
- Printing Toners Market by Application
• Monochrome
• Color
- Printing Toners Market by Raw Materials
• Polyester
• Styrene-acrylic
- Printing Toners Market by Production Technology
• Conventional Toner
• Chemically Prepared Toner
• Polyester
• Styrene-acrylic
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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.
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.
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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.
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