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.
Sellbyville, DE -- (SBWIRE) -- 12/11/2018 -- The qualitative research study conducted by Global Market Insights, Inc. titled "Printing Toners Market" provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Printing Toners 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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The recent years have had printing toners market witnessing a plethora of contemporary product launches, primarily on account of the fact major companies constituting this business space seem focused on expanding their product portfolio across various industry verticals along the likes of color and monochrome. The latest launch of AccurioLabel 190 - a new kind of label press by Konica Minolta Inc., a key player in the printing industry, at the LabelExpo Europe is expected to considerably disrupt the product spectrum of printing toners industry. The new product, developed by Konica in association with Grafisk Maskinfabrik, is expected to be commercially available in December this year and will replace its predecessor, the C71cf.
In yet another breakthrough witnessed across printing toners market, a European division of Ricoh Company, a Japanese firm manufacturing electronic items, has formed an association with Orséry, a French start up, to offer onsite boom-on-demand printing solutions for its customers. The deal would plausibly help end-users print their own publications onsite at libraries and bookstores, thereby generating a lucrative avenue for printing toners market giants.
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It has been observed that long-term exposure to the product can cause health issues such as respiratory disorders, which may prove to be a slight constraint to printing toners market. The emergence of paper saving services as a part of 'Save Trees, Save Environment and Save Earth 'initiative and rapid acceptance of electronic media is projected to impede the growth of printing toners industry. Nonetheless, efforts are being made by companies to combat these challenges, which may help sustain the business expansion.
Monochrome and color printing applications are expected to contribute massively toward printing toners industry development. Color printing application is expected to majorly influence the business landscape over the next few years, having made a commendable revenue contribution of over USD 1.5 billion in 2016. Escalated popularity of folding cartons printing, desktop publishing, and commercial printing are foreseen to uplift the product demand in the ensuing years. In addition, technological innovations have made color printing more cost-effective, which can help augment this business sphere over 2017-2024.
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Speaking in terms of geographical trends, North America dominated the global printing toners industry in 2016, having held a revenue of more than USD 1 billion. Massive product demand in laser and commercial printing activities largely carried out across the region will accelerate the business expansion. In what may seem as a major boost to North America printing toners industry, Xeikon café, a leading provider of digital printing services, has inaugurated its innovation center in Chicago on October 17, 2017 as a part of its initiative to expand across the continent.
Through this initiative, the firm intends to provide new employment opportunities for local masses. The new center will also unveil four of its digital printing press services: Xeikon PX3000, a recently launched UV inkjet digital label press, Xeikon 9800 duplex electrophotography printing press for graphic arts, Xeikon CX500, and Xeikon 3500, a high-speed EP digital press for carton packaging, at the new center, thereby challenging the players partaking in North America printing toners market share.
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