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 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 printing toners 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 printing toners markets. Growing advertising and branding industries are also anticipated to boost printing toners demand. Extensive use of printing toners in printing of catalogs, book marks, banners, brochures and manuals is expected to fuel the market over the forecast period. Increasing demand of multiuse printers with tailored capacities is anticipated to drive printing toners market over next seven years. Digitalization has enhanced printing processes making them more efficient and thus is anticipated to drive printing toners market over the forecast period. 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 environment protection are expected to hamper printing toner market over the forecast period. Evolving technological applications, paper saving solutions and rising online transactions are also anticipated to hinder 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 method 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 fastest growing segment due to their increased functionality. Segmentation on the basis of colour includes monochrome and colour 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 past, this powder was made up of carbon, iron oxide and sugar. Composition of the powder is changed to carbon with melted polymer to improve quality of prints. The toner particles are melted by heat of fuser and then bound on the paper. Earlier, it was poured in carbon reservoir with the help of a bottle.
Asia Pacific is expected to be the largest printing toners 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 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 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 environment 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 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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