Press release
Expanding Packaging Industry Drives Growth in Printer Market through Rising Demand for High-Quality Printing Solutions: A Key Factor Shaping the Future of the Printer Market in 2025
Printer Market
The expansion in the packaging sector is predicted to fuel the printer market's growth in the future. The packaging sector entails generating and utilizing materials and containers that protect, sustain, and aid in the transport of goods. Factors such as heightened consumer demand, technological advancements, and a rise in e-commerce activities are contributing to the expansion of the packaging sector. Printers aid the packaging sector by facilitating high-quality, customizable designs, labels, and barcodes, thereby boosting brand visibility, offering essential product details, and meeting regulatory standards. For instance, in November 2023, the Department of Commerce's International Trade Administration, a government agency in the US, reported that the packaging industry saw a 25% surge, elevating from USD 710 million in 2021 to USD 906 million in 2022. Hence, the burgeoning packaging sector is propelling the printer market's growth.
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What growth opportunities are expected to drive the printer market's CAGR through 2034?
While there has been a slight increase in the size of the printer market in the most recent years, it is predicted to escalate from $15.1 billion in 2024 to $15.23 billion in 2025, with a compound annual growth rate (CAGR) of 0.8%. Factors such as market competition and pricing, consumer needs and trends, supply chain operations and manufacturing processes, regulatory conformity, and environmental sustainability have been instrumental in influencing growth in the preceding period.
There is a slight expansion anticipated in the printer market size over the forthcoming years. This market is projected to reach a value of $15.75 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 0.8%. This growth during the anticipated period is due to factors such as market competition, pricing trends, evolving consumer requirements, resilience of the supply chain, and the progression of regulatory standards, with a focus on environmental impact. Key trends anticipated for this period are mobile printing solutions, subscription-driven printer models, distance printing, managed print services, employment of augmented reality (AR) in printers, and security aspects.
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What are the emerging trends shaping the future of the printer market?
Emerging technologies are becoming increasingly popular in the printer industry. Many major businesses in this sector are concentrating on creating innovative technology solutions for printers. For example, Sharp Electronics of Canada Ltd., a Canadian distributor of office equipment and electronics, introduced the new BP Advanced and Essentials Multifunctional Printer Series in July 2022. The stylish cabinetry, user-friendly roller casters, gentle paper drawers, and modern color palette make this series an ideal addition to any office. Enhanced connectivity with cloud services, such as Microsoft Teams, simplifies communication while native Microsoft Universal Print compatibility allows easy integration with Microsoft 365 environments for simpler print management. Advanced features like multi-feed scan detection and improved auto skew correction ensure tasks are executed accurately the first time, every time. The Advanced Series models have a 300-sheet duplexing single pass feeder, enabling users to scan documents at a maximum of 280 images per minute.
Which growth-oriented segments of the printer market are leading the industry's development?
The printer market covered in this report is segmented -
1) By Type: Dot-Matrix Printers, Line Printers, Daisy-Wheel Printers, Laser & Led Printers, Mono Printers
2) By Technology: Inkjet, Thermal, Impact
3) By Printer Interface: Wired, Wireless
4) By Output Type: Color, Monochrome5) By End-user Applications: Residential, Commercial, Educational Institutions, Enterprises, Government, Other Applications
Subsegments:
1) By Dot-Matrix Printers: Impact Dot-Matrix Printers, Serial Dot-Matrix Printers
2) By Line Printers: Chain Printers, Drum Printers
3) By Daisy-Wheel Printers: Standard Daisy-Wheel Printers, High-Speed Daisy-Wheel Printers
4) By Laser And LED Printers: Color Laser Printers, Monochrome Laser Printers, LED Printers
5) By Mono Printers: Black And White Printers, Thermal Printers
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What regions are leading the charge in the printer market?
North America was the largest region in the printer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global printer market report during the forecast period. The regions covered in the printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the printer market?
Major companies operating in the printer market include Hewlett-Packard Company (HP), Fujitsu Limited, Toshiba Tec Corporation, Kyocera Corp., Mutoh Holdings Co. Ltd., Ricoh Company Ltd., Sharp Corp., Konica Minolta Inc., Seiko Epson Corp., Brother Industries Ltd., Zebra Technologies Corporation, Riso Kagaku Corporation, Oki Electric Industry Co. Ltd., Lexmark International Inc., Agfa-Gevaert N.V., Eastman Kodak Company, Inca Digital Printers Limited, Mimaki Engineering Co. Ltd., MGI Digital Technology, Roland DG Corporation, Kornit Digital Ltd., Printek LLC, DURST GROUP AG, Canon India Pvt. Ltd., Bixolon Co. Ltd., Screen Holdings Co. Ltd., AstroNova Inc., Primera Technology Inc., Electronics for Imaging Inc., SATO Holdings Corporation
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What Is Covered In The Printer Global Market Report?
•Market Size Forecast: Examine the printer market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the printer market for a structured understanding.
•Key Players Overview: Analyze major players in the printer market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the printer market.
•Segment Contributions: Evaluate how different segments drive overall growth in the printer market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the printer market.
•Industry Challenges: Identify potential risks and obstacles affecting the printer market.
•Competitive Landscape: Review strategic developments in the printer market, including expansions, agreements, and new product launches.
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