Printing Toners Market Size, Share, and Industry Analysis Report By Production Technology (Conventional Toner, Chemically Prepared Toner), By Resin (Polyester, Styrene Acrylic) and Application (Monochrome, Color), Regional Outlook, Growth Potential, Compe

Printing Toners Market Size, Share, and Industry Analysis Report By Production Technology (Conventional Toner, Chemically Prepared Toner), By Resin (Polyester, Styrene Acrylic) and Application (Monochrome, Color), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

Global Printing Toners Market is expected to demonstrate a steady growth by 2032, attributed to the increasing packaging requirements across the rapidly developing food & beverages industry in Asia Pacific.

According to data issued by the Press Information Bureau (PIB), India is one of the leading consumers, producers, and exporters of sugar globally. In 2021-2022, the country produced an estimated 350 thousand metric tons of sugarcane. The flourishing cross-border trade and the remarkable surge in packaging requirements for shipping and logistics applications domestically as well as internationally will augment the demand for printing toners.

Key players operating in the global printing toners market are constantly incorporating strategic moves like mergers & acquisitions, partnerships, and launching new products to strengthen their foothold in the market. For instance – In February 2022, American multinational Xerox Holdings Corporation acquired Powerland, a leading IT services provider in Canada, in an all-cash deal. This acquisition helped Xerox Holding expand its offerings like cloud, cyber security, end-user computing, and managed services in North America.

Overall, the global printing toners market is segregated in terms of production technology, resins, application, and regional perspective.

Considering the production technology, the chemically prepared toners segment is expected to grow at 5.5% CAGR through 2032. Chemically prepared toners have constantly been gaining traction in the rising number of electrophotographic printers. Apart from this, they are known to possess superior printing capabilities and help save significantly on cost and time, which may further boost segment growth in the coming years.

Regarding resins, the polyester segment is anticipated to be valued at over USD 2.5 billion by 2032. The segmental expansion will be majorly accredited to the capabilities like low molecular weight and high toughness exhibited by polyester resins. That is why they are used in color printing, where these capabilities play a crucial role. These resins facilitate stronger adhesion and faster fusing capabilities, which is anticipated to help the segment achieve significant gains during the forecast timeframe.

In terms of application, the Monochrome application segment is slated to showcase above 3.5% CAGR from 2023 to 2032. Monochrome printing refers to printing with black pigment. The carbon black material is used to impart black color in toner cartridges for this application. It is expensive as it is derived from petroleum, further imposing a challenge on the segment development in the coming years.

From the regional perspective, the North America printing toners market is poised to garner an estimated 1.5 billion by 2032. The growth is attributed to the rising demand for large-scale printing applications, including banners, user manuals, catalogs, brochures, etc., in the region from several end-user industries.

Xerox Corporation, Brother International Corporation, IMEX Co. Ltd., IBM, Lotte Fine Chemicals, Panasonic, Toshiba, ACM Technologies, Epson, Canon, Citizen-Systems, HP Inc., and Konica Minolta, Lexmark are some of the key players operating in the industry.