Printing Toners Market to Witness 8.76% Y-O-Y Growth Rate in 2021, Diversified Applications of Printers Across Various End-user Industries to Drive the Market Growth
NEW YORK, July 12, 2022 /PRNewswire/ -- Printers are widely used in product packaging, publishing, advertising, and branding industries. The packaging industry uses small-scale or large-scale printers based on the type and size of the products and beverages. Educational institutions also extensively use printers for various purposes, such as printing books, catalogs, projects, and research papers. Such diversified applications of printers across various end-user industries will increase sales of printing toners, contributing to the Printing Toners Market growth. The other factor that has primarily increased sales of printing toners across the mentioned industries is the low cost of printing toners compared with inkjet cartridges. The Printing Toners Market Share is expected to increase by USD 3.03 billion from 2020 to 2025, according to the recent market study by Technavio.
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Segmentation by Product (In-Scope/Out-of-Scope)
- In-Scope:
- Monochrome Printing Toners:
The printing toners market share growth in the monochrome printing toners segment will be significant during the forecast period. Monochrome toner printers are widely used because of their cost-efficiency and ease of accessibility compared to ink cartridges. Compared to color toners and inkjet cartridges, the cost of printing documents using monochrome toners is less than the cost of printing bulk documents with color toners is quite high.
- Out-of-Scope:
- Color Printing Toners
The printing toners market is further segmented by Geography (APAC, North America, Europe, South America, and MEA).
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Highlights-
- Key Companies- AstroNova Inc., Canon Inc., HP Inc., IMEX Co. Ltd., Konica Minolta Inc., Lexmark International Inc., Panasonic Corp., Seiko Epson Corp., Toshiba Corp., and Xerox Holdings Corp. among others.
- Major Trend- Deployment of multi-purpose printers is one of the critical printing toners market trends positively influencing the market growth.
- Y-OY Growth Rate- 8.76% in 2021
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Product Offerings & News of Some of the Key Vendors-
- AstroNova Inc. - The company offers printing toners such as Ultra-white toner which allows colors (CMYK) to be accurately printed and visualized by the human eye.
- Canon Inc. - The company offers printing toners such as imageCLASS Toner 056 Black, Standard and many more.
- HP Inc. - The company offers printing toners such as HP 88X High Yield Black Original LaserJet Toner Cartridge and many more.
Moreover, the printing toners market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
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Printing Toners Market Challenge:
- Adverse health effects of printing toners:
- Long-term exposure and improper handling of printing toners may lead to adverse health effects. Printing toners comprise lightweight dust-like ink particles, and when inhaled, these particles can cause various health issues such as respiratory problems, skin diseases, eye problems, and cancer. The major side effects associated with the inhalation of printing toners are respiratory problems such as lung irritation. Moreover, the photocopiers that use toner ink emit high ozone levels through electrical discharges. Exposure to a high level of ozone causes various health problems such as nausea, headache, dermatitis, throat infection, lung infection, and eye irritation. Hence, despite being cost-efficient, adverse health effects of printing toners are expected to hinder the use of printers, which will act as a barrier to market growth during the forecast period.
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Printing Toners Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Decelerate at a CAGR of 5.71% |
Market growth 2021-2025 | $ 3.03 billion |
Market structure | Fragmented |
YoY growth (%) | 8.76 |
Regional analysis | APAC, North America, Europe, South America, and MEA |
Performing market contribution | APAC at 42% |
Key consumer countries | US, China, India, Japan, and Mexico |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | AstroNova Inc., Canon Inc., HP Inc., IMEX Co. Ltd., Konica Minolta Inc., Lexmark International Inc., Panasonic Corp., Seiko Epson Corp., Toshiba Corp., and Xerox Holdings Corp. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Monochrome printing toners - Market size and forecast 2020-2025
- Color printing toners - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AstroNova Inc.
- Canon Inc.
- HP Inc.
- IMEX Co. Ltd.
- Konica Minolta Inc.
- Lexmark International Inc.
- Panasonic Corp.
- Seiko Epson Corp.
- Toshiba Corp.
- Xerox Holdings Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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