According to the estimates reported by Global Market Insights, Inc., the market size stood at $3.5 Billion in 2016.
Sellbyville, DE -- (SBWIRE) -- 06/17/2019 -- Global Market Insights recently introduced new report on global Printing Toners market with an in-depth study providing complete analysis of the industry size, share and statistics for the period 2019 to 2023. It also provides complete overview of Printing Toners industry considering all the major industry trends, market dynamics and competitive scenario.
North America led the printing toners market size in 2016 with a total revenue of over $1 Billion. The huge demand for printing applications such as user manuals, banners, catalogs and user manuals will contribute to the growth of the industry in the region. Simultaneously, the Asia Pacific market, owing to the rapid pace of industrialization in countries such as India, China, and Japan, has been forecasted to register a strong CAGR of 7% over 2017-2024.
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The continued priority being extended towards laser printing over inkjet printing in enterprise printing applications, courtesy its decreased waste generation, improved print quality and reduced cost per copy, is set to contribute in printing toners market size augmentation in the upcoming years. According to the estimates reported by Global Market Insights, Inc., the market size stood at $3.5 Billion in 2016.
Dubbed as one of the most innovative breakthroughs printing toners market has witnessed in 2017, the Japanese electronics giant Toshiba, launched an enterprise-class, multi-function, monochromatic laser printer which comes with an erasable blue toner that can erase a printed paper up to five times. Integrating the erasable printing technology into a single machine, the latest printer helps the paper usage shrink by 80%, making it an environment-friendly and a highly-portable device.
The conventional printing toners market has continued to acquire the largest share in the overall global printing toners industry. The wide-ranging applications and lower cost of operability of conventional printing toners have led to a substantial demand for such toners. Conventional printing toners led the market with an estimated revenue of over $2 Billion in 2016. Speaking on similar lines, commercialization of chemically prepared printing toners has been on the rise. The excellent characteristics of conventionally prepared printing toners such as its chemical controllability and uniform particle size which assist in accelerating the speed of printing have been instrumental in their accentuating demand from variegated business domains.
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Concurrently, it would also be prudent to mention the anticipated challenges to be faced by the printing toners market in the coming timeframe. It has been argued that the long-term exposure to printing toners might negatively affect human health as it might lead to respiratory problems. Add to it, the rapid emergence of electronic media and increased resource allocation towards finding innovative solutions to save paper might prove to be the major hindrances in the progression of market size.
However, the leading players in the printing toners industry appear to have evolved themselves to find solutions to the growing environmental concerns in the context of global printing landscape. In its persistent efforts to help conserve forests and promote environmental sustainability, Canon U.S.A., Inc., the leader in producing photocopiers and printers, has planted and distributed more than 460,000 trees since 2009 under the program titled as "Replanting Our Forests". Such refreshing initiatives by significant market players will continue to make the printing toners market progress in a drastic way.
The Printing Toners market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Printing Toners market based on product, technology, end user and region.
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Key market participants in printing toners market are:
- HP Inc.
- Konica Minolta
- Canon Inc.
- Brother International
- American Tonerserv Corporation
- ACM Technologies
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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.