Printing Toner Market Driven by Rising Use of Digital Printing Technology, finds TMR

The global printing toner market is highly fragmented, as several players specializing in various aspects of the printing sector have a presence in the market. Xerox Corporation, Canon Inc., Astro-Med Inc., and Samsung Fine Chemicals are some of the key players in the global printing toner market and are likely to retain a dominant collective share in the market in the coming years. Players with significant presence in multiple areas of the printing sector are likely to dominate the global printing toner market in the coming years.

According to Transparency Market Research (TMR), the global printing toner market is likely to reach a valuation of US$4.3 bn by 2020. The printing toner market is expected to exhibit a solid 5.8% CAGR in the 2014-2020 forecast period.

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Development of Biobased Printing Toners Instrumental in Shaping Printing Toner Market

One of the key factors shaping the global printing toner market is the rising awareness regarding the adverse environmental impact of the production process of conventional printing toners. While the use of printing toners has seen a constant rise over the last few decades, the use of polyester resin and styrene-acrylic compounds means their production process has a significant carbon footprint. The printing toner market has thus come under the scanner and various solutions for minimizing its environmental impact have been adopted. The development of biobased printing toners is an important one among these and is likely to be a crucial factor affecting the global printing toner market’s growth in the coming years. Players specializing in biobased printing toners could benefit from not just the growing popular appeal of biobased products but also the government support being provided to environmentally viable products.

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Growth of the digital printing sector is a key driver for the global printing toner market. Due to the convenience afforded by digital image manipulation and data storage tools, digital printing has become the norm in several sectors and is likely to be adopted in more in the coming years, leading to steady demand from the global printing toner market.

Printing Toners Market – Production Technology Analysis

• Conventional toners
• Chemically prepared toners