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2019-2024 | Printing Toners Market Report By Industry Growth & Regional Forecast

Author : Rahul Varpe | Published Date : 2019-06-12 

Global Market Insights add New Printing Toners Market report provides in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region.

Printing toners Market will surpass USD 5.5 billion by 2024; according to a new research report. Strong growth in the packaging industry is likely to be a key driver for the global printing toners market growth in the near future. Advanced techniques in various fields, such as advertising and brand management and increasing importance to visual traits in product presentation, offer a positive outlook on the demand for printing toners. The growing demand for the improved packaging designs from several end-use industries including electronics, food & beverage, textile, pharmaceutical, etc., will drive the printing market growth.

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Rising industrialization has resulted in improved communication trends with considerable importance to public relations in the last decade. Modern presentation tendencies in business communication have led to a rise in printing bookmarks, manuals, catalogs, banners, and brochures. Such traits will expand the printing toners market by 2024. Increasing demand for laser printing rather than inkjet printing, especially in the commercial printing operations, will have a positive influence on the printing toners market. The inclination toward laser printing among the industry participants will be mainly attributed to various features such as reduced cost per copy, enhanced print quality, and speedy operations.

In 2016, the conventional printing toners contributed over USD 2 billion to the revenue. Conventional toners are projected to have a considerable demand by 2024 for their low-cost operation and widespread applicability in numerous printing techniques.

Chemically-prepared toners segment is estimated to have the fastest growth over the forecast timespan with gains at over 7% CAGR. Additionally, the rising production of laser copiers, which are suitable with chemically-prepared toners is expected to augment the printing toners market by 2024.

The styrene-acrylic printing toners are expected to observe gains of more than 5.5% CAGR over the forecast period. The growth will be attributed to the applicability of styrene-acrylic resin for the monochrome printing operations including billing documents, other transactional forms, books & manuals, sell sheets, etc. An upsurge in Print-On-Demand (POD) printing method for their advantages, such as reduced printing costs, speedy delivery, etc., is likely to propel the demand for polyester printing toners by 2024. In 2016, polyester printing toners generated a revenue of over USD 1.5 billion and are projected to have a substantial rise over the forecast period. Their rising acceptance will be attributed to the various properties of polyester resins such as mechanical toughness, low-temperature fusing, and longevity.

Increasing demand for aesthetic flexibility in the color printing for desktop publishing, commercial printing, flexible cartons printing, and other applications will lift color printing toners market in the coming years. In 2016, the color printing contributed to a revenue of over USD 1.5 billion and will follow the similar trend by 2024.

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North America had the highest share in the global printing toners market in 2016 and had revenue exceeding USD 1 billion. Technological proficiency in laser printing and massive product requirement for bulk commercial printing applications in the region will boost the industry growth in the coming years. The flourishing packaging industry in Asia Pacific and the rising popularity of customized printers in the region will have a positive influence on the regional demand for printed toners. Asia Pacific will observe a CAGR of 7% by 2024.

Key market participants are EPSON, HP, Inc., Konica Minolta, Canon, Inc., Brother International, American Tonerserv Corporation, Toshiba, ACM Technologies, etc.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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