The global printing toners market is expected to grow over the forecast period, owing to their increasing popularity in commercial printing applications. Printing toners demand is expected to augment over the next seven years, due to high-quality printer output after application of these toners. Increasing consumer preferences towards printing toners, due to their cost-effectiveness and reduced wastage, is also anticipated to augment the market over the forecast period. Growing packaging needs in pharmaceutical, apparels, electronic gadgets, food, and beverages have led to increasing folding carton printing which is also expected to drive the markets. Growing advertising and branding industries are also anticipated to boost printing toners demand. Extensive use of printing toners in the printing of catalogs, bookmarks, banners, brochures, and manuals is expected to fuel the market over the forecast period. Increasing demand for multiuse printers with tailored capacities is anticipated to drive the market over the next seven years. Digitalization has enhanced printing processes making them more efficient and thus is anticipated to drive the market over the forecast period. The development of ink formulations is also expected to product demand over the forecast period, owing to their high-quality performance.
However, printing toners pose various environmental hazards, and strict regulations regarding environmental protection are expected to hamper the market over the forecast period. Evolving technological applications, paper-saving solutions, and rising online transactions are also anticipated to hinder the printing toners market. Long-term exposure to printing toners can lead to detrimental health effects, such as inhalation problems, which may hinder market growth over the forecast period. Printing toners are segmented on the basis of preparation methods, such as chemically prepared and traditional printing toners. Resin type printing toners are segmented into styrene-acrylic and polyester types. Resin printing toners are expected to be the fastest-growing segment due to their increased functionality. Segmentation on the basis of color includes monochrome and color toners; demand for the latter has been increased owing to their aesthetic value. Toner is a powder and it is applied in laser printers and photocopiers. In the past, this powder was made up of carbon, iron oxide, and sugar. The composition of the powder is changed to carbon with a melted polymer to improve the quality of prints.
The toner particles are melted by the heat of the fuser and then bound on the paper. Earlier, it was poured in a carbon reservoir with the help of a bottle. Asia Pacific is expected to be the largest market, owing to increasing production facilities, rising demand for tailored printers, and technological advancement in the region. Rising commercial printing applications in emerging economies such as China and India are projected to boost market demand in Asia Pacific region. Expanding the packaging industry in Asia Pacific is expected to have a positive impact on printing toners market demand over the forecast period. North America and Europe are also expected to witness remarkable market growth over the forecast period. Middle East and African (MEA) and Central & South American (CSA) countries are anticipated to display low to moderate growth due to underdeveloped technology in the region. However, rising infrastructure developments and industrialization are projected to foster printing toners applications in MEA regions.
Key players are initiating green activities such as recycling cartridges and reducing printing cartridge usage to drive printing toners market and portray an eco-friendly image. Market participants are also promoting their products in low penetrated markets such as MEA and CSA to increase product demand. Increasing R&D initiatives to introduce innovative applications and bring in eco-friendly products may augment printing toners demand in regions such as Europe and North America where stringent environment protection regulations prevail. Major market players operating in the printing toner market are Xerox Corporation, IMEX Co. Ltd, Samsung Fine Chemicals, ACM Technologies, Astro-Med, Inc, Canon, Inc., Colart International, American Tonerserv Corp, Toner Italia SRL, INX International Ink Co, and Absolute Printing.
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The prevailing pandemic situation has led to weakened demand for paints and coatings in automotive, construction, electronics, and white goods. The path to recovery of growth for the industry is highly dependent on the duration of restrictions imposed and their influence on economic activity across the globe. Contrary to the trend prevalent in the industry in general, certain segments of the market such as antimicrobial coatings are witnessing a surge in demand in healthcare and food industries. The report will account for Covid19 as a key market contributor.