Press release
Printing Toners Market 2024 Trends & Regional Revenue By Top Manufacturers Toshiba, Canon, Inc., Epson America Inc., Panasonic, HP, Lexmark, ACM Technologies, Inc., Citizen, Inc., IBM, Brother International Corporation
Printing Toners Market
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. 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.
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Xerox Corporation
2. IMEX Co. Ltd
3. Toshiba
4. ACM Technologies
5. EPSON
6. Canon, Inc.
7. Citizen Inc.
8. HP Inc
9. Konica Minolta
10. IBM
11. Panasonic
12. American TonerServ Corp
13. Brother International Corporation
14. Lexmark
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The increasing requirement from various segments for all-in-one printers with high-speed functionality, has compelled the prominent players in the printing toners market to launch printers equipped with duplexing features and top-notch multi-functional usability. To cite an instance, the leading Japanese electronics firm, Panasonic unveiled a multi-functional printer (MFP) of its MB500 Series in 2016, with a toner cartridge that lasts up to 25,000 pages coupled with highly modest cost per copy (CPC) per print. Evidently, with the onslaught of such encouraging ingenuity demonstrated by the manufacturers, the printing toners market is set to gain tremendously in the near future.
Concurrently, it would also be prudent to mention the anticipated challenges to be faced by the printing toners market in the coming timeframe. It has been argued that the long-term exposure to printing toners might negatively affect human health as it might lead to respiratory problems. Add to it, the rapid emergence of electronic media and increased resource allocation towards finding innovative solutions to save paper might prove to be the major hindrances in the progression of printing toners market size. However, the leading players in the printing toners industry appear to have evolved themselves to find solutions to the growing environmental concerns in the context of global printing landscape.
In its persistent efforts to help conserve forests and promote environmental sustainability, Canon U.S.A., Inc., the leader in producing photocopiers and printers, has planted and distributed more than 460,000 trees since 2009 under the program titled as “Replanting Our Forests”. Such refreshing initiatives by significant market players will continue to make the printing toners market progress in a drastic way.
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Speaking of the regional growth perspective, North America led the printing toners market size in 2016 with a total revenue of over $1 Billion. The huge demand for printing applications such as user manuals, banners, catalogs and user manuals will contribute to the growth of the industry in the region. Simultaneously, the Asia Pacific market, owing to the rapid pace of industrialization in countries such as India, China, and Japan, has been forecasted to register a strong CAGR of 7% over 2017-2024.
The printing toners market stands to garner remarkable proceeds with the major players in the market such as Toshiba, Lexmark, Xerox Corporation, Panasonic, Canon Inc., HP Inc., expected to deploy their resources to increase R&D initiatives and investment in the upcoming years.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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