Specialty Printing Consumable Product Market - Snapshot
Specialty printing involves printing on any material apart from paper. Specialty printing consumables include inks, toners, specialty substrates, and chemicals, which find application in various printing processes such as digital printing, flexographic printing, lithographic printing, and rotogravure printing. They are used in office and professional settings, commercial printing and publishing, and other applications. The other applications include consumer and packaging sectors. Office applications include the usage of inks, toners, and printing papers for printing in offices and other institutes. Commercial printing and publishing includes the usage of specialty printing consumables in the printing of newspapers, magazines, books, advertisements, periodicals, and labels among others.
Increase in the use of specialty printing in institutions, offices, and professional service firms for large-scale printing requirements is expected to fuel the market during the forecast period. Furthermore, developments in the media and advertising sectors are projected to boost the applications of new printing technologies, which include specialty printer ink, 3D printers, and other eco-friendly products in the market. However, the introduction of less time consuming and cost-effective products is likely to pose a threat to the specialty printing consumable market. In order to overcome the threat, manufacturers of specialty printers have introduced products such as advanced printer inks with innovative technology for flexography, lithography, and rotogravure. Advanced machinery and software solutions in the printing industry have assisted printing service providers and their end-users in achieving cost reduction and low wastage of raw materials. It has enabled them to carry out complex printing projects in the printing production process. Expansion in the textile printing industry is likely to spur the application of digital printing technology in the market over the forecast period. Expansion in the industrial and IT sectors is anticipated to drive demand for specialty printing consumables required for business communication activities in their business processes.
Based on product, the specialty substrate segment is expected to expand at a rapid pace during the forecast period. Expansion in the digital camera industry has led to increased volumes of domestic printing and printing kiosks. This has further resulted in high demand for the application of high-quality paper. Toner is projected to be a prominent segment in terms of revenue. Toners are used in fax machines, copiers, and laser printers. An increase in installed laser printer capacity is considered to be the primary factor responsible for the development of the sector. Since toners are a vital element of laser printers, the demand for toners is highly influenced by the sale of laser printers. Digital printing is expected to gain traction in the market over the forecast period. The expansion of the digital printing segment is attributed to its cost effectiveness, since it is considered a low volume production technique. The office and professional segment is anticipated to hold a major share in terms of revenue during the forecast period. Increase in the construction of institutional buildings and new offices is likely to lead to an increased installed base of printers. Additionally, a rise in the preference for color printers in offices is projected to promote gains as color toners are priced higher in comparison to black toners.
Rise in investment in the printing industry in China and Japan, especially in the 3D printing sector, has made the specialty printing consumable market in Asia Pacific the most promising regional market globally. The specialty printing consumable market in Europe is also expected to expand at a rapid pace during the forecast period due to an increase in demand for specialty printing in the textile sector, technological improvements, and rise in the application of specialty printing in the expanding packaging industry. Rise in industrialization and advancements in the advertising and media sectors have led to increased demand for printed material in the region.
Some of the major players in the global specialty printing consumable market are DIC Corporation, Canon Inc., Xerox Corporation, HP, Eastman Kodak Co., Flint Ink Inc., Nazdar Ink Technologies, L.P., Lexmark International Inc., and Fuji Photo Film Company Limited. Increase in focus on technological and product innovations is expected to aid suppliers to remain competitive in the market. Furthermore, development of new specialty printing consumables are anticipated to reduce the production cost and help companies expand in the price sensitive market.
Specialty Printing Consumables Market - Overview
The specialty printing consumables market report provides analysis for the period 2016–2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major driving factors and key trending topics impacting the growth of the specialty printing consumables market over the forecast period. It also highlights the restraints and opportunities expected to influence the market during the aforementioned period. The study provides a comprehensive outlook on the growth of the specialty printing consumables market throughout the forecast period in terms of revenue (in US$ Bn) across different geographies: Asia Pacific, North America, Europe, Middle East & Africa (MEA), and South America.
The report covers the entire overview of the market, including the market dynamics such as drivers, restraints, opportunities, and trends that are predicted to leverage the existing nature and prospective status of this market. The competitive position of the specialty printing consumables market is studied through Porter’s Five Forces Analysis. Additionally, current indicators of diverse macro-economic factors are contextualized under key market indicators.
The specialty printing consumables market has been provided in (US$ Bn) in terms of revenue as well as the CAGR (%) for the forecast period 2018 to 2026. The specialty printing consumables market has been segmented based on product, printing process, application, and region.
The report also highlights the competitive landscape of the market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive specialty printing consumables market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the specialty printing consumables market’s growth. Besides, competition matrix and market share analysis has been included under the competitive landscape to understand the top players’ contribution to the specialty printing consumables market. Each company is studied on the basis of basic information, financial highlights, revenue highlights of regional contribution and segment contribution, and product portfolio. Additionally, the company strategy and recent developments, if any, are also incorporated under each company profile section.
Some of the major players in the global specialty printing consumables market are DIC Corporation, Canon Inc., Xerox Corporation, HP, Eastman Kodak Co., Flint Ink Inc., Nazdar Ink Technologies, L.P., Lexmark International Inc., and Fuji Photo Film Company Limited..
The specialty printing consumables market has been segmented as below:
Specialty Printing Consumables Market
- Specialty Substrate
By Printing Process
- Lithographic Printing
- Flexographic Printing
- Rotogravure Printing
- Digital Printing
- Office and Professional Application
- Commercial Printing and Publishing Application
- Other Application
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & North Africa (MEA)
- South Africa
- Rest of Middle East &Africa
- South America
- Rest of South America