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US Specialty Printing Consumables Market to Reach US$19.4 Billion by 2010
San
Jose, California — US Specialty Printing Consumables market is
forecast to maintain a CAGR of 5.86% over the 2000-2010 period to reach
US$19.4 billion by 2010. Inks and Toners dominate the US market for
Specialty Printing Consumables, with a share estimated at 74.5% in
2007, while Specialty Substrates is projected to emerge as the fastest
growing segment, with a CAGR of 9.7% over 2000-2010.Although
the market potential for these specialized products is increasing, the
printing industry as a whole is facing several critical issues. The
waning number of publishing and printing institutions due to
proliferation of Internet could pin down the profits within specialty
consumables. Moreover, continued effort from consumers to reduce
consumable expenses is creating an incompatible environment to increase
the prices of consumables.Specialty printing consumables are
affected positively by incredible growth in the US computer, printing
and graphics industries. The nature of consumables is changing with the
up gradation of printers, photography systems and also due to arrival
of latest techniques including laser printers. The new age laser and
color inkjet printers require compatible printing consumables.
Increased use of color printers in various printing applications is
resulting in burgeoning demand for specialty printing products
including color pigments, specialty substrates, colorants and adhesives
for specialized applications.While these act as growth drivers,
much of the market revenue increases is resulting from sale of toner
cartridges that are quite expensive compared to ordinary digital inks.
Toner cartridges find greater application in laser printers, which is
experiencing a widening installation base in the home, office, and
other consumer markets.The market for specialty toners is
witnessing better gains in terms of growth compared to its traditional
counterpart, specialty inks market. This is entirely the result of
wider usage of laser printers in the commercial market along with
enormous consumption of color toners that are high-end products.
Meanwhile, the market for specialty inks will continue to grow on its
edge in providing various ink types that help unique product
differentiation. Their role in perfecting the security of important
documents and related records will help maintain its reasonable rate of
growth over the decade.Metallic inks are gaining recognition as
an incredible ingredient in packaging cartons, decorative applications,
greeting cards, and gift-wraps. They are exploring new dimensions of
packaging by transforming the very way brochures are printed or
cosmetics are packaged The US graphic designing industry has become
more receptive to new imaginations and ideas followed by arrival of
innovative substrates compatible with metallic inks, such as textiles,
synthetic paper and a range of plastics. Pigment manufacturers also
recognized the opportunities and innovated new products. A case in
point is MetalFX that enables simultaneous creation of hundreds of
metallic color shades on a five-color press, which became instantly
popular with designers and printers.For more details about this
research report, please visit
http://www.strategyr.com/Specialty_Printing_Consumables_Market_Report.asp.
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