Press Releases
 
Specialty Printing Consumables Market – Offices and Professional Setups Remain Key Consumers

, 8 August 2018 -- Specialty Printing Consumables Market – Offices and Professional Setups Remain Key Consumers

Increased adoption of the 3D printing technology across a number of applications has allowed the most prominent manufacturers of specialty printing consumables in the U.S. to hold sway in the highly competitive market, observes Transparency Market Research in a recent report. Despite shrinking demand from conventional applications that rely more on digitized copies of documents that previously needed printing, companies are expected to benefit from the thriving 3D printing applications. Some of the leading companies in the market have already increased their focus on the area and are developing new product varieties to tap the rising set of growth opportunities that the trend is offering.

Leading vendors in the market are DIC Corp., Eastman Kodak Co., Xerox Corp., HP Development Co., and Canon Inc.

According to the report, the U.S. specialty printing consumables market will exhibit a 4.4% CAGR from 2016 to 2024, rising from a valuation of US$24.09 bn in 2015 to US$35.75 bn by 2024.

Get Brochure For More Information@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=833

Offices and Professional Setups Remain Key Consumers

In terms of application, the office and professional segment is presently the dominant contributor of revenue to the U.S. specialty printing consumables market due to the extensive use of specialty printing in the office and professional space. The construction and introduction of new office spaces in the country is expected to further drive market growth in this sector.

In terms of product type, the toner segment, which accounted for the dominant share of nearly 48% of the overall market in 2015, is expected to be the largest segment in the U.S. specialty printing consumables market over the forecast period. As most specialty printing demands are for bulk volumes, cost reduction of the entire printing process is one of the most effective way of gaining improved profits from the printing job. Being more cost effective than inks, toners are thus commonly used in printing processes. Over the forecast period, it has been projected that the substrates segment will be the fastest growing.

Steady Rise in Demand from Textile Sector to Drive Market

The specialty printing consumables market in the U.S. is chiefly benefiting from the steady expansion of domestic and industrial textile printing industries and the packaging printing sector. Growth in exports is fuelling the packaging industry, leading to a surge in demand for specialty printed packaging material. The diverse applications of 3D printing are further aiding growth of the specialty printing consumables market in the country. Furthermore, the advancements in the field of 3D printing and its growing adoption across healthcare, construction, aerospace, and several manufacturing sectors is leading to an increased demand for specialty printing consumables.

Moreover, rapid changes in fashion trends are resulting in the rising demand for printed textiles. This has bolstered the growth of the specialty printing industry in the country, resulting in higher demand for specialty printing inks and other consumables. Digital printing has aided in cost reduction in short-run printing services and is being increasingly adopted by textile printing and packaging printing companies. Additionally, the construction and development of educational institutions and corporate offices in the country is fuelling the need for specialty printing consumables in various printing activities such as printing banners, designing activities, printing posters, and other advertising activities.

However, with increasing digitization, majority of businesses are being conducted on digitized platforms, which is reducing the need for printing. This is resulting in a decline in the specialty printing consumables market. Nevertheless, the specialty printing consumables market in the country could benefit from the high demand for short-run printing services due to increasing growth in print-on-demand services and the packaging printing sector.

Download ToC Of Research Report@ https://www.transparencymarketresearch.com/report-toc/833

For the study, the market has been segmented as follows:

The U.S. Specialty Printing Consumables Market, By Printing Process

Lithographic Printing
Flexographic Printing
Rotogravure Printing
Digital Printing

The U.S. Specialty Printing Consumables Market Analysis, By Product

Toner
Ink
Specialty Substrate
Chemicals

The U.S. Specialty Printing Consumables Market Analysis, By Application

Office And Professional Application
Commercial Printing And Publishing Application
Other Application

The U.S. Specialty Printing Consumables Product (Toner) Market, By Printing Process

Lithographic Printing
Flexographic Printing
Rotogravure Printing
Digital Printing

The U.S. Specialty Printing Consumables Product (Ink) Market, By Printing Process

Lithographic Printing
Flexographic Printing
Rotogravure Printing
Digital Printing

The U.S. Specialty Printing Consumables Product (Specialty Substrate) Market, By Printing Process

Lithographic Printing
Flexographic Printing
Rotogravure Printing
Digital Printing

The U.S. Specialty Printing Consumables Product (Chemicals) Market, By Printing Process

Lithographic Printing
Flexographic Printing
Rotogravure Printing
Digital Printing

# # #


Submitted by K Singha on Wednesday, 8 August 2018 at 10:25 PM
Category: Science & Research
 
Related News

Asia Pacific Organic Personal Care Ingredients Market Report-2024
Thursday, 18 Apr 2019

Asia Pacific Nasal Drops Market: Status and Forecast 2024
Wednesday, 17 Apr 2019

Quantum dot imaging advances
Tuesday, 16 Apr 2019

Global Arthroscopy Devices Market: Status and Forecast 2025
Tuesday, 16 Apr 2019

Global Cardiac Assist Devices Market: Status and Forecast 2025
Monday, 15 Apr 2019

Related Events

Aerospace Mental Health and Wellbeing Conference RAeS London - 22/23 May 2019
Wednesday, 22 May 2019

20th International Union for Quaternary Research Congress (INQUA 2019)
Thursday, 25 Jul 2019

Latest News

Urology Surgery Supplies Market Current Trends and Future Aspect Analysis 2017 - 2025
Tuesday, 23 Apr 2019

Operating Room Equipment Market is projected to expand at a CAGR of 6.4% from 2018 to 2026
Tuesday, 23 Apr 2019

Enteral Feeding Formula Market Current Trends and Future Aspect Analysis 2017 - 2025
Tuesday, 23 Apr 2019

Outcrop Gold Provides Corporate Update
Monday, 22 Apr 2019

Holter ECG Monitor Market Size, Status and Forecast to 2026
Monday, 22 Apr 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Tuesday, 23 April 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • 3rd Annual NASH Summit | April 22-25, 2019 | Boston, MA
  • Rx Drug Abuse and Heroin Summit
  • European NeoAg Summit 2019
  • 46th IOP Plasma Physics Conference, Loughborough, UK
  • Transformational CISO Assembly in Nashville - April 2019

  • Latest Jobs
    Sorry, there are currently no entries posted here.