The printing toners market is anticipated to grow substantially by 2027 owing to technological advancements in the printing industry. In addition, favorable market trends are projected to further boost industry adoption through the forecast timeline.

Printing toner is made from finely powdered polyester and is mainly used in laser printers and copiers. Laser printers are gaining popularity due to their ability to efficiently print in bulk and find extensive applications in commercial printing as well as other industrial and official applications.

To monetize the escalating product demand, major industry players have been focusing on product development, which has enhanced market dynamics. For instance, in July 2021, EPSON, a leading provider of POS printing solutions, launched the latest model in its POS receipt printer line, the OmniLink?(R) TM-T88VII. The printer promises lightning-fast print rates and flexible connectivity between many devices to assist retailers, particularly in high-volume industries like hospitality, retail, and grocery,

To mention another instance, in March 2021, Toshiba America Business Solutions, a key provider of office printing and retail solutions, launched its BV400D series of compact label printers that offers fast and high-quality labeling for product shipping, patient wristbands, tags, and so on. As a result, increasing availability of advanced products is fueling global market growth.

Recently, an upsurge in product demand has been witnessed across various segments of the industry, specifically commercial printing, product packaging, and folding cartons printing, which has also been favorable for business expansion.

Moreover, companies have been adopting lucrative strategic initiatives through mergers, acquisitions, and partnerships to strengthen their market position, which has positively influenced the business landscape. To cite an instance, in July 2021, HP Inc., the computer hardware giant, announced the acquisition of Teradici Corporation, a prominent software company. With the acquisition, HP aimed to enhance its capabilities in the personal systems category through the introduction of new computer models and services customized for hybrid work.

The printing toners market has been categorized based on production technology, resin, application, and region. In terms of the production technology, the market has further been divided into conventional toner and chemically prepared toner. The conventional toner sub-segment is anticipated to showcase steady growth at a CAGR of around 4.3% over the assessment period. Its compatibility with a wide range of printers and relatively low-cost technology compared to other toners are expected to bolster product adoption in the coming years.

In terms of resin, the market has been divided into polyester, styrene acrylic, and others. The styrene acrylic resin sub-segment is expected to garner a valuation of around USD 2.15 billion by 2027. Superior wax dispersion capabilities, along with the widespread prominence of monochrome applications in Asia Pacific, is anticipated to drive segmental uptake over the forthcoming years.

Based on application, the market has been segregated into monochrome and color. The monochrome sub-segment is estimated to see considerable growth at a CAGR of about 4.3% over the forecast period. Various advantages of monochrome printers, such as speedy printing, and increasing demand in the Asia Pacific region are likely to promote segmental growth through 2027.

From the regional perspective, the Latin America printing toners market is projected to expand at approximately 4.5% CAGR over the study timeframe. Growing food & beverage, pharmaceutical, and electronics sectors in the region are likely to bolster printing toners market demand across Latin America in the future.