Thanks to technological advancements and the success of research and development initiatives, leading players in the global printing toners market are able to introduce new products. However, the greatest upside of using printing toners in laser printers, perhaps, is that they permit alterations in digital images. Over the past few years, the labeling industry and the folding carton printing industry have been two of the primary consumers of various types of printing toners.
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Long gone are the days when a document had to be hand-written or typed. Today, thanks to the new research and development methodologies, technology has enabled machines to be the most common fixtures in offices and homes. Where laser printers are the new trend in the new set of machines, printing toners are helping people to copy documents and digital images which can then be altered as per their requirement. Leading players in the global printing toners market offer products with different price ranges and features.
Conventional Printing Toners Segment Accounted for 70% of Global Market in 2013
Among all available printing toners, the ones made from raw materials such as styrene-acrylic and polyester are the most popular ones. The expansion of the printing industry is expected to boost the demand for printing toners in the years to come. Blends such as polyesters and specialty polymers are expected to experience swift growth in the near future. The demand for chemically prepared and conventional printing toners is expected to increase in the next few years. In 2013, the conventional printing toners segment accounted for a massive share of 70% in the global printing toners market. Due to their many features, the conventional toners segment is expected to maintain its dominance during the period between 2014 and 2020.
The increasing application of printing toners in various industry verticals is expected to benefit the global printing toners market in the next few years. By application, the global printing toners market is classified into monochrome printing and color printing. In 2013, the global printing toners market was dominated by the color printing toners segment as it accounted for 51% of the global market. The demand for color printing toners is expected to be the highest in the near future as well.
With 65% in 2013, North America and Europe to Collectively Maintain their Dominance in Near Future
A shift in consumer preference from ink to toners is being observed since the past few years. This is because toners are economically priced and lead to less wastage. The increasing use of laser printers is expected to benefit the global printing toners market in the years to come. On the other hand, the rising detrimental environmental effects of printing toners are expected to hamper the growth of the global printing toners market.
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Leading players in all developing nations are concentrating on introducing printing toners, which result in minimum wastage and are reasonably priced. By geography, the global printing toners market is divided into Asia Pacific, North America, Europe, and Rest of the World. In 2013, Europe and North America together accounted for a dominant share of 65% in the global printing toners market.
Samsung Fine Chemicals, Xerox Corporation, Canon Inc., and Astro-Med Inc. are some of the leading players expected to introduce new printing toners in the global market.