Global Printer Toner Cartridge Market Forecast, Trend Analysis and Competition Tracking - Market insights 2015 to 2031

Printer Toner Cartridge Market Overview:

“The Printer Toner Cartridge Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The printer toner cartridge, which is also known as laser toner, is a vital component of a laser printer. Toner cartridges contain a dry mixture of plastic particles and colorants to produce the required image on paper.

The printing toner cartridge uses laser technology, in which a laser is used to melt the toner to create an image. These cartridges are available in two forms: the first is a complete unit disposed of after use. The other is a refillable unit where the toner can be replaced after multiple uses.

Printer toner cartridges are made up of two elements, one is the ink container, and the second is the print head. The sensor present in the printer is responsible for indicating the level of ink.

During the printing process, the print head transfers ink onto paper. This ink is available in various colors such as yellow, black, magenta, and cyan (CMYK). These four primary colors are used to produce varying shades of color.

Global Printer Toner Cartridge Market Revenue Outlook:

The global printer toner cartridge market was valued at US$ 4.1 Bn in 2020 and is projected to register а САGR of 5.8% by 2031.

There is a growing preference for laser printers over inkjet printers for various commercial printing applications, as the former offers improved print quality, reduced wastage, quicker operations, and lower printing per copy cost.

These primary factors have boosted the overall size of the global printing toner cartridge market in recent years.

Moreover, rapid advancements in technology have led to several industries transitioning from analog to digital, resulting in the printing industry embracing digital technology.

Several segments of the printing industry are replacing offset printing with digital, and this element is expected to trigger remarkable revenue growth in the coming years.

Driving Factors for Printer Toner Cartridges Market

Most businesses across the globe need advertising to showcase their products and their features, helping them create strong branding in their respective market.

Various modes of advertising, such as banners, brochures, etc., require printers that use toner cartridges.

More significant budgets are being allocated towards their advertising endeavors. The need to establish further a brand or product in a given geographical market is another factor slated to continue to boost the revenue growth trajectory of the global printer toner cartridge market in the years to come.

Increasing disposable incomes and evolving consumer preferences are some of the other major factors that are also expected to have a positive impact on the demand for printer toner cartridges.

Individuals now prefer to use laser printers which are highly advanced, resulting in a rapid increase in the demand for printers, which in turn increases the demand for toner cartridges as well.

These developments are expected to bolster market growth prospects for the printer toner cartridge industry over the forecast period.

These factors are expected to bolster the projected profit margin for this given market in the forecast period.

COVID-19 impact on the Printer Toner Cartridge Market

The COVID-19 pandemic has resulted in the slowdown of critical trade activities across several countries. The primary factor behind this slowdown is various countermeasures adopted by respective governments to curb the trajectory of this virus.

As significant economies enforce precautionary lockdowns, a considerable gap between market supply and demand is being created, resulting in increased difficulties for both manufacturers and distributors to manage their respective operations effectively.

This is a primary factor that is anticipated to influence prospects for revenue growth. However, as these lockdowns are gradually lifted, and economies begin to recover, this market is expected to regress to its pre-COVID state.

Opportunities and trends for the Adoption of Printer Toner Cartridges

Increasing demand for laser printers from emerging markets such as India, China, etc., is expected to complement this market due to greater levels of technological urbanization.

Moreover, this increase in toner cartridges is considered another major opportunity expected to sustain further market growth prospects for the printer toner cartridge market.

Additionally, remanufactured toner cartridges are products with a much lower cost than OEM products. Remanufacturing toner cartridges is a trend that is rapidly being adopted by the printing supplies industry.

These altered cartridges are called extended yield cartridges, and they’re known for increasing the print capacity of a printer by upwards of 15 to 20 percent. It’s possible to find extended yield cartridges for most major printer brands in the market.

Thus, printer toner cartridges play a crucial role and are expected to increase in the near future.

Competitive Landscape

The printer toner cartridge market landscape appears highly consolidated, with a significant chunk of it being dominated by US players.

• Dell Technologies, Inc.
• Panasonic Corp.
• HP, Inc.
• Canon, Inc.
• FUJIFILM Holdings Corporation
• Ricoh Company, Ltd.
• Seiko Epson Corp.
• Brother Industries, Ltd.
• Oki Electric Industry Co., Ltd.
• Ninestar Corporation
• Other Players

Some notable technologies in the market include:

• Canon Solutions America has introduced the DGI FT-3204X and FH-3204 dye-sublimation textile printers. These printers can print areas up to 10ft. wide on either transfer paper or directly on textiles. The DGI POSEIDON has the capability of 64” textile print using process color or fluorescent inks.
• In January 2020, Pantum, a laser printer brand that has indexed significant progress in the printing industry and global market penetration, announced that it plans to position, promote, and establish itself in the Indian market in the years to come. Pantum creates laser printers with advanced core technologies that are also backed by reliable, cost-effective, and environmentally-friendly printing solutions.
• PRM, an Indian printing supplies company, has recently launched toner cartridges and toner powder for laser printers. The brand owner of PRM, Premier Computers, is a Mumbai-based importer and distributor of printer parts and imaging consumables. Under its brand name, PRM, the company offers a wide range of imaging consumables designed and developed by industry experts abroad using high-grade raw materials and components.

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Segments Covered

Printer Toner Cartridge Market, By Product Type

• OEM/Genuine Cartridges
• Compatible Cartridges
• Remanufactured Cartridges

Printer Toner Cartridge Market, By End-Use

• Residential
• Commercial

Printer Toner Cartridge Market, By Distribution Channel

• Offline Store
• Online Platform