Global Printing Toners Market to Grow with a CAGR of 4.78% through 2028
Surge in research and development activities is expected to drive the Global
Printing Toners Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Printing
Toners Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Printing Toners Market stood at USD4.45
billion in 2022 and is anticipated to grow with a CAGR of 4.78% in the forecast
period, 2023-2028. The initiatives taken by government based on printing toners
has led to favorable market conditions for the Global Printing Toners Market.
Several factors contribute to the growth of various printing toners market products.
One of the key
initiatives that is significantly impacting the printing toners market is the
growing push for bio-based toner cartridges. These innovative cartridges are
manufactured using renewable resources, such as plant-based materials, and they
offer several environmental benefits. Not only do they produce fewer harmful
emissions compared to traditional toner cartridges, but they also contribute to
the reduction of carbon footprint.
To support and
promote the adoption of these environmentally friendly alternatives,
governments worldwide are implementing regulations and providing incentives
aimed at encouraging businesses and consumers to switch to bio-based toner
cartridges. This concerted effort is driving the demand for these sustainable
solutions in the market, as more organizations and individuals recognize the
importance of reducing their ecological impact.
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Research and
development (R&D) are crucial in shaping the future of the printing toners
market. By investing in R&D, companies can not only create innovative
products but also stay ahead of changing customer needs, adapt to emerging
technological advancements, and ensure compliance with stringent environmental
regulations. Through continuous exploration and experimentation, R&D
enables companies to uncover new possibilities, improve product performance,
and drive sustainable growth in the ever-evolving printing toners market.
The Global
Printing Toners Market is segmented into raw material, end user, regional
distribution, and company.
Based on its end user, the FMCG segment held the
largest share in the market. FMCG (Fast-Moving Consumer Goods) companies play a
crucial role in the global market, requiring them to cater to diverse audiences
by printing materials in multiple languages and formats. This multilingual
printing requirement not only highlights the importance of effective
communication but also drives the demand for printing toners that are versatile
and capable of handling a wide range of printing needs. By utilizing such
toners, FMCG companies can ensure seamless and efficient printing processes,
enabling them to meet the demands of their global presence while maintaining
the highest quality standards.
Based on region, Asia Pacific segment is expected to
grow during the forecast period.
With higher industrialization rates, especially in
emerging countries like India, the demand for printer toner in the region has
seen a significant rise. This surge can be attributed to various consumer
inclinations, as they seek to enhance the aesthetic appeal of their printed
materials through the use of color printing. This trend has fueled the demand
for toner printers and toner cartridges in the area, as businesses and
individuals alike recognize the importance of branding and creating visually
appealing content. As a result, the market for printer toner continues to grow
rapidly, catering to the evolving needs of the region's printing industry.
Major companies operating in Global Printing Toners
Market are:
- Xerox Corporation
- IMEX Co.
- Samsung Chemical USA Inc
- ACM Technologies Inc
- Astra Med Inc
- Canon Inc
- Colart International Holdings
Ltd
- American Toner Serve Corp
- INX International Ink Co
- Absolute Printing Equipment
Service Inc
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“Growing application of printing toners in various end
user industries are key drivers of the printing toners market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of printing toners with every
passing year are anticipated to register an impressive growth to Global
Printing Toners Market in the forecast period.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Global Printing Toners Market By Raw
Material (Polyester, Styrene-Acrylic, Specialty Polymers, Others), By End User
(Printing & Stationary, Packaging, FMCG, Advertising and Branding, Others),
By Region, By
Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Printing Toners Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Printing Toners Market.
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