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Specialty Printing Consumables Market in U.S. Gets Fillip from Innovation in Product Range by Leading Companies

Blog Description

Inks, toners, specialty substrates, and chemicals are the most common forms of printing consumables, used in offices and for commercial purpose. Due to their extensive use in business activities, the specialty printing consumables market in the U.S. is expanding at a CAGR of 4.4% from 2016 to 2024, according to a report available on Market Research Reports Search Engine (MRRSE). The report has been published by Transparency Market Research and states that the U.S. specialty printing consumables market, which was valued at US$24.09 bn in 2015, is expected to reach US$35.75 bn by 2024 

Browse Full U.S Specialty Printing Consumables Market Report with TOC :http://www.mrrse.com/us-specialty-printing-consumables

Rise in the Use of 3D Printers Boosts Specialty Printing Consumables Market in U.S.

The U.S. market for specialty printing consumables is growing due to the rise in the use of 3D printers. A rise in shipments by the commercial printing industry is aiding the growth of the market. The growth in the packaging industry is also having a positive impact on the growth of the U.S. market for specialty printing consumables. Furthermore, various advancements in specialty printing consumables are anticipated to encourage the market’s growth in the coming years.

On the other hand, strict government regulations pertaining to environmental concerns are expected to create a hindrance to the growth of the specialty printing consumables market in the U.S. The scarcity of raw materials will also challenge the market’s growth. Further, a strong trend of electronic media replacing the concept of printing is one of the key challenges faced by the specialty printing consumables market in the U.S. 

The key manufacturers in the specialty printing consumables market in the U.S. have managed to remain competitive through constant innovation in their product range. For instance, Hewlett-Packard Development Company has introduced a series of secure laser jet printers, which is expected to attract small to medium-sized businesses. Furthermore, the company is focusing on emerging technologies such as 3D printing, graphics, and managed print services, which will ultimately strengthen its hold on the market.

Browse the full Press Release of U.S Specialty Printing Consumables Market at http://www.mrrse.com/us-specialty-printing-consumables-market

Brief Snapshot of Scope of U.S. Specialty Printing Consumables Market:

The U.S. specialty printing consumables market is segmented on the basis of printing process, application, and product. Given below are the leading segments and sub-segments from each of the segments:

  • The U.S. specialty printing consumables market is segmented on the basis of printing process into rotogravure, flexographic, lithographic, digital, and rotogravure printing segments. Of these, the lithographic printing segment dominated in 2015.
  • On the basis of application, the U.S. specialty printing consumables market is segmented into office and professional, commercial printing and publishing, and others. Of these, the office and professional application segment is expected to expand at the fastest CAGR between 2016 and 2024.
  • Based on product, the U.S. specialty printing consumables market is segmented into specialty substrate, toner, ink, and chemicals. The toner segment dominated in 2015. However, the specialty substrate segment is anticipated to expand at the highest CAGR between 2016 and 2024.

The introduction of innovative specialty printing consumables in the market is expected to drive the market to a new high. Competition is also expected to increase in the market with the emergence of new technologies.