What are the factors driving the Printing Toners Market trends by 2024? Brother International Corporation, Toshiba, Epson America Inc., Panasonic, HP, Lexmark, ACM Technologies, Inc., Citizen, Inc., IBM, Canon, Inc.
Integrating the erasable printing technology into a single machine, the latest printer helps the paper usage shrink by 80%, making it an environment-friendly and a highly-portable device. Apparently, the printing toners industry growth can be attributed to the flourishing product demand for packaging applications across diverse end-use industries such as textile, food & beverage, electronic gadgets, pharmaceutical, etc.
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In addition, the continued priority being extended towards laser printing over inkjet printing in enterprise printing applications, courtesy its decreased waste generation, improved print quality and reduced cost per copy, is set to contribute in printing toners market size augmentation in the upcoming years. According to the estimates reported by Global Market Insights, Inc., the printing toners market size stood at $3.5 Billion in 2016.
The conventional printing toners market has continued to acquire the largest share in the overall global printing toners industry. The wide-ranging applications and lower cost of operability of conventional printing toners have led to a substantial demand for such toners. Conventional printing toners led the printing toners market with an estimated revenue of over $2 Billion in 2016. Speaking on similar lines, commercialization of chemically prepared printing toners has been on the rise.
The excellent characteristics of conventionally prepared printing toners such as its chemical controllability and uniform particle size which assist in accelerating the speed of printing have been instrumental in their accentuating demand from variegated business domains.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Xerox Corporation
• IMEX Co. Ltd
• ACM Technologies
• Canon, Inc.
• Citizen Inc.
• HP Inc.
• Konica Minolta
• American TonerServ Corp
• Brother International Corporation
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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.
- Printing Toners Market by Production Technology
• Conventional Toner
• Chemically Prepared Toner
- Printing Toners Market by Raw Materials
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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.
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About Global Market Insights:
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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