The recent advancements in technology have led to an increased growth of IT and industrial sectors. The need for specialty printing consumables in offices, professional service firms, and institutions is leading to increased adoption of such products. Moreover, the rising advertisement and media sector is encouraging technological innovations in this market, so that the market players can maintain their foothold. The advanced printer inks for lithography, rotogravure, and flexography provide lucrative opportunities in this market.
Specialty Printing Consumables Market Determinants
The key factor driving the growth of global specialty printing consumables market is the expansion of IT and industrial sectors. The specialty printing consumables are required for the purposes of communication in the offices. The rising adoption of social media has led to the usage of 3D printers, making an effective contribution to the market. Moreover, the rapidly growing printing industry also acts as a driver for this market. On the other hand, adoption of electronic media, and limited availability of raw materials act as the major hurdles in the growth of the market. However, product innovations in specialty printing consumables is expected to create huge opportunities for the growth of market in the upcoming future.
Specialty Printing Consumables Market Segment Analysis
The global specialty printing consumables market is segmented on the basis of printing process, product, application and geography. On the basis of printing process, the market is segmented into lithographic printing, flexographic printing, rotogravure printing, and digital printing. By product, the market is segmented into toner, ink, specialty substrate, and chemicals. Application wise, the market is segmented into office and professional application, commercial printing &publishing application, and others. Geography-wise, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is the front runner in this market as a result of rising industrial sectors in the very region.
Some key vendors in the market are DIC Corporation, Canon Inc., Xerox Corporation, HP, Eastman Kodak, Co., Flint Ink Inc., Nazdar Ink Technologies, L.P., Lexmark International Inc., and Fuji Photo Film Company Limited. In September 2017, Canon U.S.A launched a new print technology that offers large format graphics, provides unique levels of print speed, quality, automation, and cost of operation. The 64-Inch Océ Colorado 1640, built on new UV gel technology, is designed to deliver exceptional productivity for high quality indoor and outdoor graphics.
SPECIALTY PRINTING CONSUMABLES MARKET SEGMENTATION
By Printing Process
• Lithographic Printing
• Flexographic Printing
• Rotogravure Printing
• Digital Printing
• Specialty Substrate
• Office and Professional Application
• Commercial Printing and Publishing Application
• North America
o Western Europe
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
• Rest of the World
o Middle East
SPECIALTY PRINTING CONSUMABLES MARKET KEY PLAYERS
• DIC Corporation
• Canon Inc.
• Xerox Corporation
• Eastman Kodak Co.
• Flint Ink Inc.
• Nazdar Ink Technologies
• Lexmark International Inc.
• Fuji Photo Film Company Limited