Growth in toner market to continue

Posted on Mar 10 2018 - 8:30am by Editorial Content

Transparency Market Research’s new market report -‘Printing Toners Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020’, values the printing toners market at USD 2.91 billion in 2013 and says it is likely to reach USD 4.33 billion by 2020. This represents a CAGR of 5.8% during the forecast period from 2014 to 2020. In terms of volume, the global demand for printing toners stood at 216.0 kilo tons in 2013.

The report states that growth of the digital printing market in the packaging sector is expected to be one of the primary factors driving the printing toners market during the forecast period. Additionally, shifting consumer preference from printing inks to toners coupled with increase in commercial printing are other key parameters expected to augment demand for toners over the next few years. However, adverse environmental impact of toners leading to the presence of stringent regulations is anticipated to hamper market growth. Development of bio-based toners is expected to open new opportunities for further development of the market over the next few years.