March 5, 2020 08:00 ET | Source: Fior Markets Fior Markets
Newark, New Jersey, March 5, 2020 (Global News Service)-According to a report released by Fior Markets, the global printer toner market is expected to grow from USD 3.90 billion in 2018 to USD 7.35 billion in 2028. The speed is that during the forecast period of 2019-2028, the compound annual growth rate is 6.53%.
Consumers’ increasing tendency towards toner is the main factor driving market growth and development. Compared with ink, toner cartridges have many advantages. Printer toner is a fine powder used in copiers and laser printers. The printer ink is a kind of liquid used in inkjet printers, and it is colored with pigments or dyes according to the type of ink cartridges the user will buy. The main disadvantage of dye-based printing inks is that they are easily blurred. In addition, dye-based paint boxes are inherently not waterproof. Compared with ink, toner is a kind of powder that will not be dyed. Although compared with toner, ink is much cheaper and economical, but in terms of picture quality, toner is much better than ink. Laser printers that use print toner can enhance and optimize picture quality by giving pictures true colors. This is because the toner cartridge uses laser technology to soften and liquefy toner dust onto the page to create an image. In addition, compared with inkjet printers, the combination of laser printers and printer toner cartridges has the advantage of faster printing speed. In addition, when making pictures, laser printers are very precise and accurate. Therefore, these attributes of printer toner are creating demand from end-use industry vertical industries. However, compared with inkjet printers, the high cost of laser printers limits the growth and development of the market. In addition, printer toner usually costs more. The printer toner cartridge can be expensive to refill the printer with toner. On the other hand, toner is very durable, depending on usage.
In addition, the refilling of ink cartridges in printer toner is often hectic and messy. In the toner refilling process, the user must deal with tiny powders. If the user does not know how to deal with it, it will become very untidy. Printer toner is easy to stain and difficult to remove. Technological advances in printers and printing technologies will provide potential opportunities for the market to flourish. The increasing adoption rate of laser printers in various end-use industry verticals is the factor behind development and growth. Laser printers use toner cartridges. These organizations are using laser printers for branding, advertising and marketing purposes. In the current situation, there are a large number of advertising items, such as brochures, flyers, catalogs, banners, bookmarks, etc. This will lead to an increase in the demand for laser printers. In addition, various research and educational institutions are increasingly adopting laser printers, which will benefit future market growth and development.
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The global printer toner market is segmented based on genuine or OEM, compatible and chemically prepared toners. The genuine or OEM segment has the largest market value of USD 2.4 billion in 2018. OEM printer toner production and production precision and accuracy have reached the highest level, providing the best print quality to meet the needs and needs of consumers, while providing complete customer satisfaction. The OEM toner cartridges of major printer manufacturing organizations are Epson T, Elite Image, Brother, Canon CNM, Epson and HP. In addition, consumers prefer to buy printer toner cartridges produced by OEMs.
The application segment of the global printer toner market is divided into commercial use, office use and other uses. The commercial sector dominated the market with the highest market share of around 60% in 2018. The growth of this sector is attributed to the increasing acceptance and brand activity of laser printers in various end-use industry vertical markets such as retail, consumer goods, textiles and apparel. Laser printers and toner cartridges produce high-quality images for banners, catalogs, boards, bookmarks, flyers, etc.
The regions analyzed for the market are North America, Europe, Asia Pacific, South America, and the Middle East and Africa. During the forecast period, the Asia-Pacific region is expected to grow at the highest compound annual growth rate of 7.45%. Higher industrialization rates, especially in developing countries such as India, have led to a surge in demand for printer toner in this and the entire region. In order to have a sense of beauty with the help of color printing, different consumers have different tendencies, and major organizations need toner printers and toner cartridges for brand promotion in the region.
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The major players that cater to the global printer toner market are indulging in serious research and development activities to bring product differentiation and innovation. Developing and developed countries are providing more opportunities, and the main participants are constantly paying attention to new developments, strategic partnerships, acquisitions and venture capital investments to obtain high market growth. For example, in December 2019, Ericsson and Microsoft announced a partnership for the next generation of connected cars. The integration of Ericsson Connected Car Cloud and Microsoft Connected Car platform enables automakers to accelerate the provision of new connected car services worldwide. In December 2019, Epson announced the launch of revolutionary monochrome all-in-one supertank printers-EcoTank ET-M3170, EcoTank ET-M2170 and EcoTank ET-M1170 to strengthen its Ecotank inkless printer product portfolio.
The base year of the study is considered to be 2018, the historical 2016 and 2017, and the forecast period considered is from 2019 to 2028. Analyze the global printer toner market based on value (millions of dollars) and quantity (units). The report provides an in-depth analysis of drivers, opportunities, constraints and challenges to gain key insights into the market. The report highlights all the key trends that will play an important role in the market expansion from 2019 to 2028. Use Porter's five forces model to identify the competition in the global printer toner market. This report incorporates industry analysis and focuses on providing a broad view of the printer toner market. The report provides the company profile of the major players operating in the printer toner market, and based on their business overview, product supply, market segment share, regional presence, business strategy, innovation, mergers and acquisitions, the latest development, joint ventures, cooperation , Partnership, SWOT analysis and key financial information and its analysis.
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