The growing demand from various end-use industries is driving the demand for the market.
Specialty Printing Consumables Market Size – USD 39.87 Billion in 2019, Growth - CAGR of 4.3%, Trends – High demand from developing nations.
Reports and Data has recently published a novel research report on global Specialty Printing Consumables Market covering current market scenario and market developments between 2017 and 2027. The report offers in-depth analysis of historical and latest market trends along with revenue growth, market size, drivers, restraints, limitations and opportunities. The report is well curated using statistical methods such as SWOT analysis and Porter’s Five Force and presented using tables, graphs, charts, figures and other pictorial representations to help user understand the market dynamics. The data is collected using extensive primary and secondary research which is evaluated by experts and professionals in the industry.
The global Specialty Printing Consumables market is forecasted to reach USD 56.04 Billion by 2027, according to a new report by Reports and Data. Increasing preference for inkjet printers in mass publishing and changing trends in the packaging industry are expected to drive the market demand. The growing demand for printed fabrics, due to upgradations in contemporary fashion trends, also leads to increased consumer consumption.
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Top Leading Players: Sun Chemical Corp., Siegwerk Druckfarben AG Co. KGaA, Marabu GmbH, Saati S.P.A., Nazdar Ink Technologies, Canon Inc., DIC Corp., Eastman Kodak Co., Xerox Corp., and HP Development Co., among others.
Key Companies in the market include:
Chemicals occupied 12.6% of the market share in 2019. The segment is witnessing a slow growth rate due to the increasing awareness regarding the adverse effects that chemicals have on the health of an individual. Long-term exposure to chemical vapors can cause respiratory diseases and skin disorders, due to which there is a fall in demand for the product.
The Offline segment is anticipated to grow with a CAGR of 4.0% during the forecast period. The consumers prefer to examine the product physically before purchasing to make sure it fits their requirements. Hence, this segment occupies a larger market share.
Educational Institutes are forecasted to grow at a CAGR of 4.3% in the forecast period. This is primarily due to the growing younger population, which leads to a rise in the number of schools and colleges. This augments the growth for printed study material, thus driving demand in the segment,
The Middle East and Africa occupied a significant share of the market share in 2019. This is due to the growing corporates in the region. Increasing commercial applications also drive the market growth in the region, especially in countries such as UAE, Saudi Arabia, and South Africa.
China is one of the largest producers and exporter of Specialty Printing Consumables in the world. This is because major companies of the world have set up their manufacturing centers in the country due to the availability of cheap labor and lower tax rates. The country also ranks high in terms of ease of doing business.
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Market Segmentation: Product Outlook (Revenue, USD Billion; 2017-2027)
- Toner
- Ink
- Chemicals
- Specialty Substrates
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Offline Stores
- Online Stores
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Corporates
- Commercial
- Educational Institutes
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key questions covered in the global Specialty Printing Consumables market report:
- What is the expected market size of the global Specialty Printing Consumables market during the forecast period?
- What factors are expected to hamper global Specialty Printing Consumables market growth over the forecast period?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Specialty Printing Consumables market?
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