Valued to be $44.4 Billion by 2026, Specialty Printing Consumables Slated for Robust Growth Worldwide
SAN FRANCISCO, Feb. 18, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Specialty Printing Consumables - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Edition: 19; Released: February 2022
Executive Pool: 1897
Companies: 196 - Players covered include Canon Solutions America, Inc.; DIC CORPORATION; Eastman Kodak Company; Flint Ink Corporation; FUJIFILM Holdings America Corporation; HP Development Company, L.P. ; Lexmark International, Inc.; Nazdar Ink Technologies; Saati S.p.A.; Siegwerk Druckfarben AG & Co. KGaA; Sun Chemical Corporation ; Xerox Corporation and Others.
Coverage: All major geographies and key segments
Segments: Product (Toners, Specialty Substrates, Inks, Chemicals); Application (Office & Professional, Commercial Printing & Publishing, Other Applications)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
ABSTRACT-
Global Specialty Printing Consumables Market to Reach US$44.4 Billion by the Year 2026
Specialty printing consumables comprise ink cartridges, toner, ribbons, and drums that are processed in powder form or liquid form depending on the printer model that the manufacturer utilizes. The increased utilization of specialty printing consumables in educational institutions and offices and the printing requirements of large-scale commercial sectors like packaging and textile are propelling the growth in the market. The specialty printing consumables market growth is also attributed to the increased in commercial printing applications such as advertisements, magazines, periodicals, labels, and newspapers. Market growth is also driven by the growing needs of textile industry and the rising usage in the packaging sector. The availability of highly effective and novel technologies for printing processes like nano-scale printing, hybrid printing, 3D printing, and micro-dispensing utilized in sectors such as packaging, printed electronics, decorative designing, publishing, and automotive are also spurring demand for specialty printing consumables. In particular, the rapid growth of the 3D printing market, specifically from developing economies, is expected to drive market gains, given the potential for 3D printing technology to be used in varied end-use sectors.
Amid the COVID-19 crisis, the global market for Specialty Printing Consumables estimated at US$37.4 Billion in the year 2022, is projected to reach a revised size of US$44.4 Billion by 2026, growing at a CAGR of 4% over the analysis period. Toners, one of the segments analyzed in the report, is projected to grow at a 4% CAGR to reach US$16.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Specialty Substrates segment is readjusted to a revised 4.5% CAGR for the next 7-year period. This segment currently accounts for a 24.1% share of the global Specialty Printing Consumables market. Toners are extensively utilized in commercial publishing operations like novels, journals, and newspapers. The specialty substrates segment is expected to grow at the highest rate through the analysis period, as the substrates demand is growing rapidly and the inkjet production market is evolving constantly.
The U.S. Market is Estimated at $10.6 Billion in 2022, While China is Forecast to Reach $5.7 Billion by 2026
The Specialty Printing Consumables market in the U.S. is estimated at US$10.6 Billion in the year 2022. The country currently accounts for a 28.69% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$5.7 Billion in the year 2026 trailing a CAGR of 5% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR while Rest of European market (as defined in the study) will reach US$4.7 Billion by the end of the analysis period. North America and Europe are among the major regional markets for specialty printing consumables, worldwide. Growth in these regions is primarily being driven by the rapid growth of 3D printing in the construction and healthcare sectors, which is fueling demand for specialty substrates. In Asia-Pacific, the textile printing industry constitutes a major driving factor in the region's specialty printing consumables market. Advancing aesthetic fashion trends and the rising popularity of fashionable textiles is contributing to the region's growth.
Inks Segment to Reach $13.3 Billion by 2026
Specialty printing inks are experiencing substantial gains because of their capacity to protect security documents (identity theft and counterfeiting), or provide visual enhancement, which differentiates a manufacturer's product from that of its competitors. Inks that are dye-based are utilized to print ATM receipts as the ink is less costly and printed text vanishes after some time. UV cured inks are gaining ground due to environmental issues such as low volatile organic compound emissions and less curing time resulting in reduced overhead costs. In the global Inks segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.2 Billion will reach a projected size of US$10.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.9 Billion by the year 2026, while Latin America will expand at a 4.3% CAGR through the analysis period.
Water-based inks are growing at a rapid speed with environment friendly regulations coming into picture in the US printing ink market. The general trend against ozone depletion would lead to lowered VOC emission, which would benefit water-based inks. These inks are being used as alternatives to solvent-based inks, which impart volatile organic compounds (VOCs). Water-based flexographic inks are also widely used in the packaging industry. These inks are being improved further to gain resistance against grease and oils as well as to gain compatibility for using them in hot environments and frozen food applications. Water-based inks should, in the process of evolution, gain resistance to crinkle, water and tape testing to compete with dominant solvent-based inks. Water-based inks are more stable in viscous press and possess slow evaporating rate. These inks retain low inflammability rates and are more stable. The newly evolved water-based inks also provide easy cleaning up comparable to solvent-based inks. These inks are finding applications in the plastic grocery sacks, multi-wall bags, envelops, and corrugated department store bags. Water-based inks are also designed for film laminating procedures. As these inks provide protective lamination, their application in the field is estimated to increase in the near future. Another alternative against VOC is UV cured inks for the printing industry. More
MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.
Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android
About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
LINKS
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp
Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./
Follow Us on Twitter
https://twitter.com/marketbytes
Journalists & Media
[email protected]
SOURCE Global Industry Analysts, Inc.
Share this article