Printing
Toners Market Size will surpass USD
5.5 billion by 2024; according to a new research report by Global Market
Insights, Inc.
Robust growth in packaging industry will be a
significant driver to global printing toners market by 2024. Rising demand for
the enhanced packaging designs from numerous industries including
pharmaceutical, food & beverage, electronic gadgets, textile, etc. will
propel the printing toners market size. 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.
Exponential rate of industrialization has led
to increased communication with substantial importance to public relations in
the recent years. The recent presentation trends in business to business as
well as business to consumer communication have contributed to surge in
printing of catalogs, book marks, manuals, brochures and banners. This in turn
will augment industry size by 2024. 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.
Prolonged exposure to the printing toners may
cause respiratory problems to the operators, which could be a challenge before
the printing toners industry participants over the forecast timeframe. Strong
campaigning of paper saving will also affect the industry growth to some extent
by 2024.
Conventional printing toners led the
printing toners market in 2016 and generated revenue exceeding USD 2 billion.
Conventional toners are projected to have substantial demand in the forecast
period owing to their extensive applicability in various printing techniques
and lower cost of operation.
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.
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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.
In 2016, color printing segment had
surpassed USD 1.5 billion. Rising demand for aesthetic versatility in color
printing in flexible cartons printing, desktop publishing, commercial printing,
and others will boost color printing toners market share in forecast timeframe.
Printing toners market size was led by
North America in 2016, with revenue more than USD 1 billion. The surge has been
accredited to the technological expertise in laser printing coupled with
massive demand in large-scale commercial printing. Asia Pacific is probable to
have gains nearly 7% CAGR in the forecast timeframe. Growing demand for
customized printers and thriving packaging industry will contribute to printing
toners market growth in the region by 2014.
Significant market participants
include: Konica Minolta, Canon, Inc., EPSON, HP Inc., Brother International
Corporation, Toshiba, American Tonerserv Corporation, ACM Technologies, etc.
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.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
Social Media: Google+ | LinkedIn | Twitter | Facebook
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