Market Summary: The global Specialty Printing Consumables market is projected to experience a growth rate of 4.3%, escalating from USD 39.87 billion in 2019 to USD 56.04 billion in 2027. Specialty Printing Consumables encompass a diverse array of products, including Toners, printer ribbons, and ink cartridges. Heightened demand is observed due to increased product consumption in educational institutions, offices, as well as the packaging and textile industries.

The market expansion is further propelled by the rising utilization of specialty printing consumables in commercial printing applications, such as magazines, advertisements, newspapers, periodicals, and labels. Dry toners are employed in printer cartridges, while liquid toners find application in industrial printing, particularly in laser printers, fax machines, and copiers. However, the market faces challenges from cost-effective alternatives and a shift towards less time-consuming products. Increased awareness regarding the adverse health effects of chemicals may also contribute to a decrease in market demand. Conversely, the growing demand for 3D printing, especially in developing countries, is expected to drive market growth in the forecast period.

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Product Outlook: Ink held a 31.1% market share in 2019, with inkjet printers using fluid ink for text and image creation. Specialty Substrates, forecasted to grow at a CAGR of 4.2%, include metallic, fluorescent, and vinyl products, contributing to high-quality print production.

Distribution Channel Outlook: The online segment is anticipated to grow at a CAGR of 5.2%, driven by increasing internet penetration and the rising popularity of online shopping and e-commerce. The offline segment, although currently holding a larger market share, is gradually shifting towards online channels, accelerated by the impact of the COVID-19 pandemic on production and consumer behavior.

End-User Outlook: The commercial segment, accounting for 28.7% of the market share in 2019, is expected to exhibit substantial growth, fueled by the demand for scale printing in industries like textiles, media, automotive, and healthcare. 3D printing applications in the automotive industry, such as customization and spare parts manufacturing, contribute to market growth.

Regional Outlook: North America dominated with a 27.1% market share in 2019, attributed to the growth in the healthcare and construction industries. Latin America is forecasted to grow at a CAGR of 4.3%, driven by countries like Brazil and Argentina, witnessing increased spending on advertising, outdoor advertising, and personalized packaging.

Market-O-Nomics: Toner claimed the largest market share of 34.9% in 2019, mainly used in photocopiers and laser printers. Corporates held a 26.2% market share in 2019, reflecting increased usage of printing consumables in small and large corporations. Asia-Pacific led with a 48.2% market share in 2019, driven by the growth of end-use industries in countries like India and China.

Companies Considered: Major manufacturers profiled in the report include 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 H.P. Development Co. In July 2019, H.P. announced a USD 500 Million investment in India for expansion.

Start-up Traction: Notable startups entering the market include Relativity Space, Desktop Metal, Digital Alloys, Velo3D, and Xact Metal. Relativity Space, established in 2016, raised USD 45 Million in funding with a focus on 3D printing in the automotive sector.

Deals Landscape: Mergers and acquisitions are integral, with Xerox Corp. acquiring Rabbit Office Automation in June 2019 and G-Five Inc. in November 2017, expanding its footprint and offering portfolio.

Expert Insights: The market exhibits promising developments, with increasing demand from various end-use industries, particularly in textiles and packaging. Growth is also fueled by the expanding use of printing in offices, educational institutions, corporates, and the healthcare industry.

Segments Covered: The report segments the global Specialty Printing Consumables market based on product, distribution channel, end-user, and region, forecasting revenue growth from 2018 to 2027.

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

Regional Outlook (Revenue, USD Billion; 2017-2027):

  • North America (U.S., Canada)
  • Europe (Germany, UK, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, Japan, South Korea, Rest of APAC)
  • MEA (Saudi Arabia, UAE, Rest of MEA)
  • Latin America (Brazil, Rest of LATAM)

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