US Specialty Printing Consumables Market: Low-Down on Key Trends

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The specialty printing consumables market in the US has been expanding at a moderate yet steady pace over the past few years. Transparency Market Research states that this market is forecast to expand at a 5.30% CAGR from 2013 to 2018, with the market value rising from US$19.7 bn in 2011 to US$28.1 bn by 2018.

Browse the full Report of U.S. Specialty Printing Consumables Market: http://www.mrrse.com/us-specialty-printing-consumables

Here’s a look at the major factors driving and restraining the US specialty printing consumables market.
  • One of the most significant factors fueling the specialty printing consumables market in the US is the improving economic conditions in the country.
  • The growth of the US economy has had a positive impact on the construction industry. The surge in the construction of new institutes and offices has resulted in the growth in installed printer base and driven the specialty printing consumables market.
  • The rise in the number of people who own digital cameras has led to the trend of in-house printing, which in turn has fueled the demand for inks and specialty substrate. The specialty printing consumables market has received a big boost on account of this trend.
  • The rapid shift toward digital printing in homes and offices has propelled the specialty printing consumables market in recent years.
  • There has been a mounting need for document security and end-product differentiation in industrial printing, a factor that drives the specialty printing consumables market.
  • Specialty printing consumables have been in great demand for different printing processes needed in educational institutions and offices.
  • The packaging industry is a major consumer of specialty printing consumables, with printing materials needed for labels and tags and printing on boxes and other packaging products.
  • The packaging and consumer products industries are anticipated to witness considerable growth over the next couple of year, fueled by the rising income levels of the consumers in several developing countries. Higher income permits consumers to spend on attractive products and packaging, thereby propelling the demand for specialty printing consumables.
  • The specialty printing consumables market is also boosted by the growth of the color laser printer market.
  • The demand for ink is also set to rise over the next two years. The market value of ink was pegged at US$4.5 bn in 2011, which is projected to rise to US$5.7 bn in 2018 at a 3.30% CAGR therein.
  • The main challenge that the specialty printing consumables market faces is the volatile nature of the raw materials used.
  • The concept of printing and the dependency on paper printing is fast being replaced due to the advent of electronic media and various technological advances. This is bound to have a negative impact on the specialty printing consumables market.
Browse the full Press Release of U.S. Specialty Printing Consumables Market: http://www.mrrse.com/us-specialty-printing-consumables-market

Some of the prominent players competing in the US specialty printing consumables market are American Ink Jet Corporation, Hewlett-Packard Company, Toyo Ink Manufacturing Company Limited, Canon Incorporated, Color Converting Industries Incorporated, Xerox Corporation, 3M Company, Eastman Kodak Company, DIC Corporation, DuPont (EI) de Nemours, and Dainippon Ink and Chemicals Incorporated.

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