The Printing Toners Market may hit USD 4.67 billion by 2027, Says World Market Insights Inc.

The growth of the printing toner market is being driven by the demand for high performance packaging in retail, food and beverage, and other areas; the increasing penetration of chemically manufactured toner technology; the increased preference for color printing toners; and lucrative opportunities in Europe, it says in this report.

SELBYVILLE, Del. – August 9, 2021 – (Newswire.com)

According to the report released by Global Market Insights Inc., the global printing toner market grew to 3.33 billion in 2020 $ 4.67 billion until 2027, registration a CAGR of 4.9% from 2021 to 2027. The report provides a detailed analysis of industry estimates and sizes, top profit strategies, key investment routes, opportunities and drivers, fluctuating industry trends and the competitive scenario.

The growth of the print toner market is primarily being driven by rising retail and food and beverage sales, as well as the increasing importance of packaging. Global growth in electronics sales and higher disposable income will complement this growth. The increase in recycling of printing toner due to the increased demand for high-performance packaging in the food and beverage, retail, pharmaceutical and electronics sectors will be a major trend in the industry in the forecast period 2021-2027.

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In the food and beverage sector, printing toners are used to print on a range of packaging materials, including corrugated cardboard, flexible packaging, folding boxes, tags & labels, and others. You will also find applications for printing catalogs, bookmarks, brochures, manuals, and menu cards, which are widely used for branding and promoting food and beverage products. In addition to information on the contents of the packaging, the purchase price, size, date of manufacture and expiry date of the product are also given. With packaging being a key factor in consumer purchasing decisions, the increasing demand for packaging will certainly benefit the printer toner industry.

Main Reasons for the Growth of the Print Toner Market:

  • Demand for high-performance packaging in retail, food & beverage and other areas.
  • Growing penetration of chemically produced toner technology.
  • Increased preference for color printing toner.
  • Lucrative opportunities in Europe.

Chemically processed toner segment expected to generate significant sales by 2027:

The chemically manufactured toner technology segment was valued at $ 2.27 billion in 2020. It has seen growing popularity and commercialization in recent years because printers compatible with chemically made toners were not developed earlier. Superior printability and significant time and cost savings are the main advantages of the technology. Further technological advances will have a positive impact on the market outlook for chemically produced toners.

Forecasts for 2027 show that the “color print toner” segment will retain its dominance:

Color toner market demand could grow by a CAGR of over 5.5% in the 2021-2027 period. Continuous advances in technology in printing devices and toners make color printers and toners more affordable. The growing consumer appeal for color printing due to better aesthetics and increased purchasing power will increase product demand.

Europe retains its top status in terms of sales:

The European print toner industry generated around $ 890 million in 2020. Regional product demand is accelerated by the need for improved packaging, branding and advertising in the food and beverage, retail, electronics, pharmaceutical and other industries.

Impact of COVID-19 Crisis on Print Toner Market Trends:

The COVID-19 pandemic has hit almost every industry, and the print toner market is no exception. Nationwide lockdowns and plant closures in most countries have weakened product demand. The lack of staff and strict protocols for operations amid the pandemic have also posed numerous challenges for printer toner manufacturers. The growing sales of essential goods and consumables during COVID-19, especially through online channels, has increased the demand for packaging and created positive opportunities for the market.

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Leading market players:

Major market players analyzed in global Printing Toners industry report include HP Inc., Epson, Xerox Corporation, Toshiba, Canon, Konica Minolta, IBM, Brother International Corporation, Lexmark, and others. The industry players focus on product development, mergers and acquisitions, strategic partnerships and joint ventures, and long-term investment strategies for research and development.

About Global Market Insights Inc.

Global Market Insights, Inc., headquartered in Delaware, USA, is a global market research and consulting service provider. Global Market Insights, Inc. provides syndicated and custom research reports, growth consulting, and business intelligence services, and aims to provide customers with pervasive insights and actionable market data to aid in strategic decision-making.

GMIPulse, our business analytics platform, provides an interactive online option to explore our proprietary industry research data in a user-friendly and dynamic way. Customers can explore market intelligence in 11 top-level categories and hundreds of industry segments, covering regional, company and cross-sectional statistics that make our offering a standout for decision makers.

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Global Market Insights Inc.

Phone: 1-302-846-7766

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Internet: https://www.gminsights.co

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The printing toner market could reach $ 4.67 billion by 2027, says Global Market Insights Inc.