What is Printer Toner Market?
Printer toner is a special type of ink which is used by copy machines and laser printers. It is applied in photocopiers and laser printers. Various advantages of using printer toner such as high printing quality, cost-saving targets, environmentally friendly, improve productivity and others. Increasing awareness regarding the adverse environmental impact of the production process of conventional printing toners, the growth of the digital printing sector and rising consumer preferences towards printing toners are some of the major drivers which are propelling the growth of the market.
The market study is being classified, by Application (Monochrome Printing and Color Printing) and major geographies with country level break-up.
Canon, Inc., (Japan), Xerox Corporation, (United States), American Tonerserv Corp, (United States), Seiko Epson Corporation (Japan), Panasonic Corporation (Japan), Astro-Med, Inc, (United States), The Hewlett-Packard (United States), Lexmark, (United States) and Toshiba Corporation (Japan) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Printer Toner market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Printer Toner market by Type, Application and Region.
On the basis of geography, the market of Printer Toner has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing preference to laser printing over inkjet printing in commercial printing applications
- Rising Disposable Income among Consumer
Market Trend
- Technology Advancement of the Printer Toner
Restraints
- Long-term exposure to printing toners can lead to detrimental health effects, namely inhalation problems
Opportunities
- Rising Demand from Emerging Economics such as India, China and others
Challenges
- Lack of Consumer Awareness Regarding Printer Toner
- High Price of Printer Toner Products
Market Leaders and some development strategies
On September 2016, the Hewlett-Packard Company (United States) had acquired Samsung’s Printer Business. This acquisition will benefit in creating economies of scale which in turn generates good cost efficiency results.
On February 2019, the AstroNova, Inc. (United States) Company had launched QuickLabel QL-300 products which are toner-based tabletop printer designed specifically for product label printing.
Key Target Audience
Manufacturers of Print Tonner, Suppliers of Print Tonner, Wholesalers, Distributors and Retailers of Print Tonner, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others