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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)
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.
The printing toners market is further segmented by Geography (APAC, North America , Europe , South America , and MEA).
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Product Offerings & News of Some of the Key Vendors-
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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Decelerate at a CAGR of 5.71%
APAC, North America, Europe, South America, and MEA
US, China, India, Japan, and Mexico
Leading companies, competitive strategies, consumer engagement scope
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.
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,
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