According to a new
market report published by Transparency Market Research entitled,
“Specialty
Printing Consumables Market - U.S. Industry Analysis, Size,
Share, Growth, Trends and Forecast 2016 - 2024,” the U.S. specialty
printing consumables market was worth US$24.09 bn in 2015 and is
expected to reach US$35.75 bn by 2024, expanding at a CAGR of 4.4%
from 2016 to 2024. Growth and expansion of the IT and industrial
sectors in the U.S. is expected to fuel in the demand for specialty
printing consumables required for the purpose of business
communication activities.
The most common form
of printing consumables used in offices and for commercial purpose
are toners, inks, specialty substrates, and chemicals. The most
significant factors boosting the growth of the U.S. specialty
printing consumables market are rapidly increasing adoption in
domestic and industrial markets, the growth of the packaging
industry, and increased use of 3D printers.
On the basis of
printing process, the U.S. specialty printing consumables market is
segmented into lithographic printing, flexographic printing,
rotogravure printing, and digital printing. In 2015, the lithographic
printing segment was the largest, and accounted for around 51% of the
revenue of the overall specialty printing consumables market.
However, the digital printing segment is expected to expand at the
highest CAGR in terms of revenue during the forecast period from 2016
to 2024. Digital printing has gained high attention in the printing
market as it is cost effective due to the absence of printing plates.
Since it is a low-volume production technique, every print could be
customized based on the user demand.
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Based on the
product, the U.S. specialty printing consumables market is segmented
into toner, ink, specialty substrate, and chemicals. In 2015, the
toner segment was the largest, and accounted for around 48% of the
revenue of the overall specialty printing consumables market. The
increasing installed laser printer capacity is a primary factor for
the development of this segment. Since toner is an essential
component of a laser printer, the toner market is highly influenced
by the sale of laser printers.
In terms of
application, the U.S. specialty printing consumables market is
segmented into office and professional application, commercial
printing and publishing application, and other applications. In 2015,
the office and professional application segment held the larger
revenue share of around 54%. Moreover, it is also expected to expand
at the highest CAGR in terms of revenue during the forecast period
from 2016 to 2024.
Some of the Major
Players in the U.S. specialty
printing consumables market are DIC Corporation, Canon Inc., Xerox
Corporation, Hewlett-Packard Development Company, L.P., Eastman Kodak
Co., Lexmark International Inc., Flint Ink Inc., and Nazdar Ink
Technologies.
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Transparency Market
Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive
blend of quantitative forecasting and trend analysis provides
forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use
proprietary data sources and various tools and techniques to gather
and analyze information.
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repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
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