New York, NY -- (SBWIRE) -- 04/09/2021 -- The global Specialty Printing Consumables market is forecasted to reach USD 56.04 Billion by 2027, according to a new report by Reports and Data. Increasing preference for inkjet printers in mass publishing and changing trends in the packaging industry are expected to drive the market demand. The growing demand for printed fabrics, due to upgradations in contemporary fashion trends, also leads to increased consumer consumption.

A rapid increase in packaging applications, such as food, beverages, and restaurants, is a primary factor in propelling growth. Introduction of the latest technologies, such as nano-scale printing, hybrid printing, 3D printing, and microdispensing in various end-use industries, such as packaging, printed electronics, decorative designing, publishing, and automotive, lead to an increased demand for the product. New players entering the market are coming up with more innovations to capture the market share, and this is expected to further drive the market growth.

A growing need for large-scale printing, especially in commercial applications, leads to increased product consumption. The product is also used in industries like healthcare and media. Various implants in the healthcare sector, such as cranial implants and hip implants, are produced using multiple 3D printing technologies. The growth of the healthcare sector leads to increased consumption of the product, thus driving market demand.

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Further key findings from the report suggest

Chemicals occupied 12.6% of the market share in 2019. The segment is witnessing a slow growth rate due to the increasing awareness regarding the adverse effects that chemicals have on the health of an individual. Long-term exposure to chemical vapors can cause respiratory diseases and skin disorders, due to which there is a fall in demand for the product.
The Offline segment is anticipated to grow with a CAGR of 4.0% during the forecast period. The consumers prefer to examine the product physically before purchasing to make sure it fits their requirements. Hence, this segment occupies a larger market share.
Educational Institutes are forecasted to grow at a CAGR of 4.3% in the forecast period. This is primarily due to the growing younger population, which leads to a rise in the number of schools and colleges. This augments the growth for printed study material, thus driving demand in the segment,
The Middle East and Africa occupied a significant share of the market share in 2019. This is due to the growing corporates in the region. Increasing commercial applications also drive the market growth in the region, especially in countries such as UAE, Saudi Arabia, and South Africa.
China is one of the largest producers and exporter of Specialty Printing Consumables in the world. This is because major companies of the world have set up their manufacturing centers in the country due to the availability of cheap labor and lower tax rates. The country also ranks high in terms of ease of doing business.
Key participants include Sun Chemical Corp., Siegwerk Druckfarben AG & Co. KGaA, Marabu GmbH, Saati S.P.A., Nazdar Ink Technologies, Canon Inc., DIC Corp., Eastman Kodak Co., Xerox Corp., and HP Development Co., among others.

For the purpose of this report, Reports and Data have segmented into the global Specialty Printing Consumables market on the basis of product, distribution channel, end-user, and region:

Product Outlook (Revenue, USD Billion; 2017-2027)

Toner
Ink
Chemicals
Specialty Substrates

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

Offline Stores
Online Stores

End-User Outlook (Revenue, USD Billion; 2017-2027)

Corporates
Commercial
Educational Institutes

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Regional Outlook (Revenue in USD Billion; 2017–2027)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

TOC -
Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Indicative Metrics

Chapter 4. Specialty Printing Consumables Market Segmentation & Impact Analysis

    4.1. Specialty Printing Consumables Market Material Segmentation Analysis

    4.2. Industrial Outlook

………….

Chapter 9. Competitive Landscape

    9.1. Market Revenue Share By Manufacturers

    9.2. Manufacturing Cost Breakdown Analysis

    9.3. Mergers & Acquisitions

    9.4. Market positioning

    9.5. Strategy Benchmarking

    9.6. Vendor Landscape

Chapter 10. Company Profiles

    10.1. Sun Chemical Corp.

          10.1.1. Company Overview

          10.1.2. Financial Performance

          10.1.3. Technology Insights

          10.1.4. Strategic Initiatives

    10.2. Siegwerk Druckfarben AG & Co. KGaA

          10.2.1. Company Overview

          10.2.2. Financial Performance

          10.2.3. Technology Insights

          10.2.4. Strategic Initiatives

    10.3. Marabu GmbH

          10.3.1. Company Overview

          10.3.2. Financial Performance

          10.3.3. Technology Insights

          10.3.4. Strategic Initiatives

Continued……….

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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the Specialty Printing Consumables market and its competitive landscape.

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