Printing Toners Market to achieve 6.2% Growth by 2024
Date: 2018-12-14   Author: Rahul Varpe  Category: #market

Printing Toners Market to achieve 6.2% Growth by 2024

Global Market Insights, Inc. adds a new Printing Toners Market research report for the period of 2018-2024 focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Printing toners Market Size will surpass USD 5.5 billion by 2024. 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.

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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.

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.

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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.

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.

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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.

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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. 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. ...

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