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Commercial businesses are at the forefront of advancing printing technologies through significant investments in research and development. This includes enhancing inkjet, laser, and 3D printing technologies, as well as refining printing materials and consumables. Moreover, these enterprises are leading the charge in digitalizing printing processes, adopting technologies that provide enhanced flexibility, speed, and cost-efficiency compared to traditional methods. Additionally, printing continues to play a pivotal role in business marketing and advertising strategies.
Eco-friendly printing practices is actively driving growth of printer and printing consumables with advanced printing technologies, such as energy-efficient printers and recyclable materials like biodegradable inks and recycled paper, which meets rising consumer and regulatory demands for environmental responsibility. This shift not only reduces the environmental impact of printing processes but also resonates with environmentally conscious consumers and businesses alike. As businesses increasingly prioritize sustainability goals, the demand for eco-friendly printing solutions is poised to drive sustained market expansion into the future.
The medium segment in the printer & printing consumables market held 57.1% revenue share in 2023, driven by its adaptability, wide-ranging features and global accessibility.
The market size of printer & printing consumables was reached USD 48.3 billion in 2023 and is anticipated to register 4.8% CAGR between 2024 and 2032, due to the growing adoption of eco-friendly printing materials and the increase in adoption of digital documentation.
Canon, HP, Brother, Epson, Kyocera, NEC, Ricoh, Lexmark International, Seiko Epson Corporation, ACM Technologies Inc., AstroNova Inc., Nazdar Ink Technologies; L.P., Eastman Kodak Co., DIC Corporation, and Xerox Corporation.
Asia Pacific printer & printing consumables market held 44.8% revenue share in 2023 due to its large population, rising substantial demand for printers and consumables and the increasing role as a global manufacturing hub.