U.S. Specialty Printing Consumables Market to Reach US$35.75 bn by 2024, Demand for Digital Printing to Rise Rapidly

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.

TMR’s data 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.  

U.S. Specialty Household Cleaners Market to Expand at Healthy 6.6% CAGR from 2012 to 2018

Transparency Market Research (TMR) has announced the release of a new market study on the U.S specialty household cleaners market. The report analyzes the drivers and restraints of the market and the impact of these factors on the demand for specialty household cleaners during the forecast period from 2012 to 2018. The report studies the attractiveness of the specialty household cleaners market on the basis of factors such as growth rate and market size in the U.S. According to the report, the specialty household cleaners market, which was valued at USS$5.1 bn in 2011, is projected to reach US$7.9 bn by 2018, exhibiting a CAGR of 6.6% from 2012 to 2018.The report is titled “Specialty Household Cleaners Market - U.S. Industry Analysis, Market Size, Share, Trends And Forecast 2012 - 2018” and can be availed from the company’s website.

The report states that the increasing awareness about hygiene among industries and amongst consumers in the U.S. will boost the specialty household cleaners market in the country. The increasing disposable incomes of consumers in the country and the rising number of working women drive the market. Furthermore, growing concerns among people regarding the spread of infections and diseases will help promote the specialty household cleaners market.

Specialty household cleaners help address the problems of maintaining hygiene and cleanliness in buildings of all varieties. Specialty household cleaners offer convenient cleaning solutions and eliminate the dependency of people on external housekeeping experts. An overall need for clean and hygienic surroundings will thus encourage healthy growth of the specialty household cleaners market in the U.S.

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The specialty household cleaners market rides on customer’s growing demand for innovative, eco-friendly, and chemical-free cleaners. Development of new and innovative products will increase the customer adoption of the products, thus boosting the market. However, the high pricing and health-related concerns regarding chemicals will challenge the specialty household cleaners market in the U.S.

The specialty household cleaners market is segmented on the basis of product and application. On the basis of product type, the market is segmented into toilet bowl cleaners, glass cleaners, auto polishes, hard surface cleaners, and others. Hard surface cleaners accounted for 44% of the specialty household cleaners market in 2011 and are expected to reach a value of US$3.6 bn in 2018, after being valued at US$2.3 bn in 2011.

On the basis of application, the specialty household cleaners market is segmented into bathroom, bedroom, kitchen, floor, and others. Out of these, the bathroom cleaners segment dominated the market in 2011, standing at US$1.8 bn. The bathroom cleaners segment is expected to reach US$2.9 bn by 2018, registering growth at a 6.9% CAGR between 2012 and 2018.

The report profiles several leading companies in the specialty household cleaners market such as: Dwight Co. Inc., Reckitt & Benckiser, SC Johnson and Son Inc., Kao Corporation, Unilever, Henkel KGAA, Procter & Gamble Co., and Church and Clorox Co.

The specialty household cleaners market is segmented as follows:

Product

• Glass cleaners
• Auto polishes
• Hard surface cleaners
• Toilet bowl cleaners
• Others

Application

• Bathroom
• Floor
• Kitchen
• Bedrooms
• Other areas of the house

About Us :

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.

TMR’s data 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.

Specialty Paper Market - Global Industry Analysis, Growth, Trends, Forecast 2024

Specialty paper is used to transport and safeguard a wide range of merchandise. High demand from the end use industry, such as packaging and labelling, is anticipated to drive growth of the specialty paper market over the forecast period. The specialty paper market constituted almost 6% of the global specialty paper and paperboard market in terms of volume in 2014. Europe was the leading exporter of specialty papers in 2014. Rapid increase in consumerism, in turn, is projected to drive demand for specialty papers in the developing countries. The convenience offered by customizable specialty paper products, coupled with their beneficial properties, is also among the major factors anticipated to drive growth of the specialty paper market over the forecast period. Thus, in view of all the above driving factors, the global specialty paper market is expected to witness high growth over the forecast period.

Specialty Paper Market : Drivers and Restraints

Growth witnessed in the end-use industry, such as packaging and labelling, in turn is expected to drive growth of the specialty paper market in the near future, as packaging and labelling constitutes almost 40% of the global specialty paper application. Change in lifestyle of people and rise in aging population are factors anticipated to increase demand for specialty paper in the food service, packaging, and medical applications. Besides, rise in the disposable income of people across the globe is expected to further fuel demand for specialty papers over the forecast period.

Carbon emissions resulting from the paper manufacturing processes, coupled with deforestation, is projected to be a strong disadvantage of specialty papers, in turn hindering their market growth. Besides, the advent of the digitalization age is expected to be another major restraining factor for growth of the specialty paper market in the coming years. Furthermore, anticipated extermination of paper-based communication due to the increasing consumer preference for electronic media is expected to lead to further decline in growth of the specialty paper market over the forecast period. Moreover, the specialty paper market is extremely fragmented, which is another restraining factor for growth of the specialty paper market over the forecast period.

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Specialty Paper Market : Segmentation

The global specialty paper market is segmented based on raw materials into:

Additives

Fillers

Binders

Pulp

Others (fibre, chemicals)

The global specialty paper market is segmented on the basis of product type into:

Release & labels

Decor papers

Pharmaceutical leaflet papers

Flexible packaging papers

Others (automotive, kitchen worktops, and abrasive backings)

The global specialty paper market is segmented based on end use application into:

Industrial

Construction

Packaging

Label

Food Service

Printings

Others

Specialty Paper Market : Region – wise outlook

The global specialty paper market is segmented into seven key regions on the basis of geography, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East and Africa and Japan. Asia Pacific market is expected to expand at the highest CAGR in terms of value and volume over the forecast period. Increasing population and industrialization in APAC is expected to be the major reason for the rise in demand for specialty papers in the region. Europe and North America markets are expected to account for nearly half of the total share of the specialty paper market over the forecast period. The Latin America and the MEA markets are expected to witness stagnant growth in the near future.

Specialty Paper Market : Major key players

Some of the key market players identified in the global specialty paper market are:

Nippon Paper Group

Domtar Corporation

Mondi Plc

International Paper

Stora Enso

Oji Holdings Corporation

Asia Pulp & Paper Co. Limited

Sappi Limited

About Us :

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.

TMR’s data 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.