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Ink Cartridge Printer Market Trends

Report ID: GMI8501
Published Date: Mar 2024
Report Format: PDF

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Ink Cartridge Printer Market Trends

Ink tank printers arguing popularity among customers as they offer lower printing cost higher page yield and less environmental impact than ink cartridges or laser printers. Ink tank printers have large refillable ink reservoirs that can last for 1000 of pages reducing the need for frequent cartridge replacement. Ink tank printers also useless energy and produce less waste than other types of printers.

The market is witnessing a surge in demand for developing countries especially in Asia Pacific where the education commercial and government sectors are expanding rapidly. The increasing penetration of PCs and printers the growing number of households and the rising disposable income are some of the factors that are driving the demand of ink cartridge printers in these regions.

Printer cartridge recycling is another trend that is impacting the market as it helps to reduce the environmental footprint and save cost for both customers and manufacturers. Printer cartridge recycling involves collecting refilling remanufacturing and reselling used ink cartridges which reduce the amount of plastic and ink waste that ends up in landfills.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Ink cartridge printer market size reached USD 19.38 billion in 2023 and is set to expand at 6% CAGR from 2024-2032 owing to the rising need for printers in various sectors such as education, government, commercial and residential globally.

The thermal segment accounted for USD 14 billion in 2023 and is estimated to depict notable growth through 2032 owing to the widespread use due to the increasing availability at cheaper prices.

North America ink cartridge printer industry generated USD 6 billion in 2023 and is projected to record substantial growth by 2032 driven by the surging demand from various sectors, such as businesses, educational institutions, and households.

Some of the leading companies in the ink cartridge printer industry are HP Development Company, Seiko Ipson Corporation, Samsung, Canon, Panasonic Corporation, Dell, Xerox Corporation, Lexmark International, Fuji Xerox Co., Ricoh, Brother Industries, Konica Minolta Inc, Kyocera Corporation, OKI Electric Industry, and Toshiba Corporation.