Estimated Growth Potential Of The Printing Toners Market 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
According to The Business Research Company’s Printing Toners Global Market Report 2023, The global printing toners market is expected to grow from $4.13 billion in 2022 to $4.44 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The printing toners market is expected to reach $5.73 billion in 2027 at a CAGR of 6.6%.
North America held the largest printing toners market share, and Asia-Pacific was the fastest-growing region in 2022.
Printing Toners Market Driver
The rising demand for printers is expected to propel the growth of the printing toner market going forward. Printers refer to hardware output devices that accept text and graphic output from a computer and transfer the information to paper. Printers use ink or toner to print images on paper or other materials for precise printing, faster speeds, and sharp text and images. For instance, in January 2022, according to Cash4Toners, a US-based buyback company for unused and unwanted imaging supplies, commercial printing generated $77.7 billion in the US in 2021 and 45,029 American printing businesses in 2021. Further, around 2.1 million 3D printers were sold in 2020, and 15.3 million are expected to be sold by 2028. Therefore, the rising demand for printers is driving the growth of the printing toner market.
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Key Printing Toners Market Segments
The global printing toners market is segmented –
1) By Type: Laser Toner, Analog Copier Toner, Digital Copier Toner, Other Types
2) By Technology: Conventional Toners, Chemical Toners
3) By Raw Materials: Polyester, Styrene-Acrylic, Specialty Polymers
4) By Application: Monochrome Printing, Color Printing
5) By End-User: Printing, Stationary, Packaging, Fast Moving Consumer Goods, Advertising, Branding, Other End-Users
Printing Toners Market Prominent Players
Major players in the printing toners market are Dell Inc., Hewlett-Packard Inc., Panasonic Corp., Canon Inc., Toshiba Corporation, Fujifilm Holdings Corporation, Kyocera Corporation, Ricoh Company Ltd., Kao Corporation, Seiko Epson Corp., Konica Minolta Inc., Xerox Holdings Corporation, Brother Industries Ltd., Lexmark International Inc., Pitney Bowes Inc., The Eastman Kodak Company, Raven Industries Inc, ACM Technologies Inc, Tokyo Printing Ink Mfg. Co. Ltd., Olivetti S.p.A, Clover Imaging Group, INX International Ink Co, AstroNova Inc., TROY Group Inc., Tomoegawa Co Ltd, Toner Italia SRL, DuraFast Label Company, Samsung Fine Chemicals Co. Ltd, Colart International Holdings Ltd, and American Tonerserv Corp.
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Prominent Printing Toners Market Trend
Product innovation has emerged as a key trend gaining popularity in the printing toner market. Major companies operating in the printing toner market are concentrating on creating innovative products to strengthen their position in the market. For instance, in May 2023, Print-Rite Inc., a US-based provider of quality imaging supplies, launched Toner Cartridges for Kyocera Printers. It is uniquely designed with a chip and features first-to-market reliable, IP-safe technology, vibrant and excellent printing performance, and professional-grade prints. It is formulated with indelible ink that provides an unrivaled level of security.
The Printing Toners Global Market Report 2023 provides comprehensive insights on the printing toners market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the printing toners market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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