Press release
Printing Toners Market 2024: Demand, Growth Challenges, Industry Analysis And Forecasts To 2033
Printing Toners Market
The Business Research Company offers in-depth market insights through Printing Toners Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The printing toners market size has grown strongly in recent years. It will grow from $4.44 billion in 2023 to $4.77 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to growth in the packaging industry, increasing demand for printed materials, expansion of the commercial printing sector, globalization of the printing industry, adoption of laser printers.
The printing toners market size is expected to see strong growth in the next few years. It will grow to $6.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rising demand for sustainable printing solutions, growth in the e-commerce industry, increasing adoption of 3d printing, expansion of the packaging and labeling market, development of high-speed inkjet printing, demand for customized and personalized printing. Major trends in the forecast period include adoption of water-based and bio-based toners, shift towards digital printing processes, increased focus on energy-efficient printing technologies, emergence of smart printing technologies, integration of artificial intelligence in printing processes.
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Market Segmentation:
The printing toners market covered in this report is segmented -
1) By Type: Laser Toner, Analog Copier Toner, Digital Copier Toner, Other Types
2) By Technology: Conventional Toners, Chemical Toners
3) By Raw Materials: Polyester, Styrene-Acrylic, Specialty Polymers
4) By Application: Monochrome Printing, Color Printing
5) By End-User: Printing, Stationary, Packaging, Fast Moving Consumer Goods, Advertising, Branding, Other End-Users
Major Driver - Growing Printer Demand Fuels Printing Toner Market Expansion
The rising demand for printers is expected to propel the growth of the printing toner market going forward. Printers refer to hardware output devices that accept text and graphic output from a computer and transfer the information to paper. Printers use ink or toner to print images on paper or other materials for precise printing, faster speeds, and sharp text and images. For instance, in January 2022, according to Cash4Toners, a US-based buyback company for unused and unwanted imaging supplies, commercial printing generated $77.7 billion in the US in 2021 and 45,029 American printing businesses in 2021. Further, around 2.1 million 3D printers were sold in 2020, and 15.3 million are expected to be sold by 2028. Therefore, the rising demand for printers is driving the growth of the printing toner market.
Competitive Landscape:
Major companies operating in the printing toners market report are Dell Inc., Hewlett-Packard Inc., Panasonic Corp., Canon Inc., Toshiba Corporation, Fujifilm Holdings Corporation, Kyocera Corporation, Ricoh Company Ltd., Kao Corporation, Seiko Epson Corp., Konica Minolta Inc., Xerox Holdings Corporation, Brother Industries Ltd., Lexmark International Inc., Pitney Bowes Inc., The Eastman Kodak Company, Raven Industries Inc, ACM Technologies Inc, Tokyo Printing Ink Mfg Co. Ltd., Olivetti S.p.A, Clover Imaging Group, INX International Ink Co, AstroNova Inc., TROY Group Inc., Tomoegawa Co Ltd, Toner Italia SRL, DuraFast Label Company, Samsung Fine Chemicals Co. Ltd, Colart International Holdings Ltd, American Tonerserv Corp.
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Top Trend - Emerging Trends In Printing Toner Market
Product innovation has emerged as a key trend gaining popularity in the printing toner market. Major companies operating in the printing toner market are concentrating on creating innovative products to strengthen their position in the market. For instance, in May 2023, Print-Rite Inc., a US-based provider of quality imaging supplies, launched Toner Cartridges for Kyocera Printers. It is uniquely designed with a chip and features first-to-market reliable, IP-safe technology, vibrant and excellent printing performance, and professional-grade prints. It is formulated with indelible ink that provides an unrivaled level of security.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Printing Toners Market Characteristics
3. Printing Toners Market Trends And Strategies
4. Printing Toners Market - Macro Economic Scenario
5. Printing Toners Market Size And Growth
…..
27. Printing Toners Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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