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Printing Toners Market Size, Share and Industry Analysis Report by Production Technology (Conventional Toner, Chemically Prepared Toner), Resin (Polyester, Styrene Acrylic) and Application (Monochrome, Color), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI2123
  • Published Date: Jul 2021
  • Report Format: PDF

Industry Overview

Printing Toners Market size was valued at USD 3.33 billion in 2020 and will showcase a gain of 4.9% CAGR from 2021 to 2027 owing to the growing demand for commercial printing along with growing requirements for high-quality printing in the packaging of electronic gadgets, apparel, food & beverages, and pharmaceutical, among others. Additionally, several benefits associated with toners, such as faster printing, better print quality, and cost-effectiveness, among others will further support the demand for print toners over the study timeframe.

A printing toner is a powdered mixture used in photocopiers and laser printers to form printed images and text on paper. A wide range of polymers is used to produce printing toners including styrene acrylate copolymers, polyester resins, styrene butadiene copolymers, pigments, lubricants, wax, silica, charge control agents, etc. The development of new technologies, such as Jet Intelligence from HP, is supporting the printing toners market by providing time-saving and cost-effective printing technologies to business users.

Printing Toners Market Outlook

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The rapidly growing food & beverages, pharmaceutical, apparel, electronic gadgets, and other industries across the globe are key drivers in the market owing to the widespread usage of print toners in the packaging of products in these industries. Food & beverages are one of the key end-user industries of print toners. Furthermore, growth in commercial printing applications including brochures, catalogs, signages, and posters is expected to propel the market during the forecast period. Moreover, shifting consumer preference from ink to laser printers is projected to augment the printing toners market share.

Ongoing R&D activities to enhance printing quality that enable the end-user to achieve stable image density under all climate conditions are expected to showcase considerable growth over the forecast timeframe. For instance, IMEX Group launched AJI, a monochrome toner, for use in HP Pro M102, 203, 104, Ultra M106, 206, MFP132, 134, 227, and MFP134, 230. The new toner is polyester-based and utilizes the surface treatment technology of IMEX to imitate the physical properties of chemically produced toners as used by OEMs in respective applications.

The COVID-19 pandemic has slightly affected the revenue of the industry owing to the declined printing and packaging industries in 2020. The COVID-19 outbreak in China has moderately impacted the production and consumption of toners. A decline in commercial printing, such as magazines, newspapers, books, and brochures, has significantly affected the demand for toners in the printing industry. Additionally, lockdown in economies including China, India, the U.S., Brazil, Italy, France, and the UK has also affected the consumption of toners by various end-users.

Conventional toners dominate the market owing to their cost-effectiveness and usage in a wide range of applications

 Printing Toners Market by Production Technology

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Based on the production technology, the conventional toner segment dominated the market with close to 70% share in 2020. The cost-effectiveness of conventional toners compared to chemically prepared toners is a prominent factor leading to such massive demand share. Additionally, most printers available in the market possess heating equipment & fusers and are compatible with conventional toners. Conventional print toners are manufactured by compounding raw materials followed by breaking, milling, a classifying step, and a post blending procedure.

The proliferating global commercial printing sector to drive the usage of polyester resins

Printing Toners Market by Resin

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Based on resin, the printing toners market report is classified into polyester, styrene-acrylic, and others. Polyester resin dominated the market and is expected to showcase considerable growth at a CAGR of 5.1% from 2021 to 2027. Polyester resins have low molecular weight and are used extensively in color toners due to their low melt viscosities and excellent color (rich reproduction and higher toughness).

The advantages associated with polyester over styrene acrylic toners, such as high durability, low-temperature fusing, uniform dispersion of pigments, and quick chargeable property, are boosting its usage. Due to these advantages, they are extensively used in high-speed printers as high-speed printers must have toners with high durability and the ability to withstand high mechanical impacts in the developer station. Asia Pacific is a major consumer of polyester resins due to the fast-growing color toner segment in the region. It is followed by Europe and North America.

Color printing toners are set to exhibit promising growth rates

Based on application, the printing toners market is bifurcated into monochrome and color. The color application segment generated USD 1.71 billion in revenue in 2020 and will showcase considerable growth over the forecast period. Color printing by print toners offers better aesthetic appeal and conveys a sense of accomplishment, stability & professionalism. Changing consumer preference to obtain better aesthetic appeal offered by color printing coupled with an economic price range of color printing devices and toners is expected to fuel the demand for color print toners during the forecast period.

Asia Pacific is growing due to rapid industrialization

Printing Toners Market by Region

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The Asia Pacific printing toners market will witness considerable demand at a CAGR of 5.7% from 2021 to 2027 driven by rapid industrialization and increased consumer spending on several end-use products. Growing demand for printing toners for packaging in the rapidly growing food & beverages sector is a key factor driving the regional market. There is significant growth in the food & beverages, pharmaceutical, chemical manufacturing, and personal care sectors in which printing toners find application in the printing of packaging cartons.

Product launch, the establishment of new production facilities, mergers & acquisitions are among key initiatives enhancing market competitiveness

Key players engaged in the printing toners industry include HP Inc., Epson, Xerox Corporation, Toshiba, Canon, Konica Minolta, IBM, Brother International Corporation, Lexmark, and others. Industry players are engaged in new product launches, mergers & acquisitions, R&D investments, and the establishment of new production facilities to enhance their market shares. For instance, in November 2018, HP Inc. acquired Apogee Corporation, an office equipment dealer based in the UK and Europe’s largest independent provider of print & document and process technology.

The global printing toners market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2017 to 2027 for the following segments:

By Production Technology

  • Conventional toner
  • Chemically prepared toner

By Resin

  • Polyester
  • Styrene acrylic
  • Others

By Application

  • Monochrome
  • Color

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Turkey
    • Russia
  • Asia pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
    • Philippines
    • Vietnam
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • GCC
Authors: Kiran Pulidindi, Sayan Mukherjee

Frequently Asked Questions (FAQ) :

The printing toners industry is expected to achieve $4.67 billion by 2027 and will grow at a CAGR of 4.9% from 2021 to 2027.

Conventional toners recorded 70% of the industry revenue in 2020 and will depict considerable growth owing to their cost-effectiveness in comparison to chemically prepared toners.

Polyester resins will exhibit a CAGR of 5.1% between 2021 and 2027 as they enable faster fusing capabilities and stronger adhesion.

Color application accounted for a revenue of USD 1.71 billion in 2020 and will grow as color printing by print toners provides better aesthetic appeal and conveys a sense of stability, accomplishment, and professionalism.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 14
  • Tables & Figures: 255
  • Countries covered: 22
  • Pages: 197

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