Printing toners Global Market Report 2024

The printing toners market size has grown strongly in recent years. It will grow from $4.44 billion in 2023 to $4.77 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth observed in the historical period can be credited to the expansion of the packaging industry, a rising demand for printed materials, the growth of the commercial printing sector, the globalization of the printing industry, and the widespread adoption of laser printers.

The printing toners market size is expected to see strong growth in the next few years. It will grow to $6.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period can be ascribed to the increasing demand for sustainable printing solutions, the expansion of the e-commerce industry, a growing adoption of 3D printing, the enlargement of the packaging and labeling market, the advancement of high-speed inkjet printing, and a heightened demand for customized and personalized printing. Key trends expected in the forecast period involve the adoption of water-based and bio-based toners, a shift towards digital printing processes, an enhanced focus on energy-efficient printing technologies, the emergence of smart printing technologies, and the integration of artificial intelligence in printing processes.

The printing toner market is anticipated to experience growth owing to the increasing demand for printers. Printers, as hardware output devices, accept computer-generated text and graphics, transferring the information onto paper using ink or toner. This method ensures precise printing, faster speeds, and sharp text and images. Notably, in January 2022, commercial printing in the US generated $77.7 billion in 2021, involving 45,029 American printing businesses. Additionally, the sale of 3D printers reached 2.1 million units in 2020, with an expected increase to 15.3 million units by 2028. This surge in printer demand is a significant driver for the printing toner market.

The growth of the printing toner market is further propelled by the increasing demand for packaging applications. Packaging applications involve the design and use of materials to enclose and protect products during storage, distribution, and presentation. The global rise in shipped products has led to an increased need for packaging solutions, including labels, cartons, and other printed materials. For instance, in December 2023, India's paper and packaging sector demonstrated robust growth with a 63% increase in the export value of paper, paperboard, and newsprint, contributing significantly to the nation's economic expansion. The global paper packaging industry is projected to grow from USD 380.83 billion in 2023 to USD 478.68 billion by 2028, driven by heightened demand, particularly from the food and beverage sector, and a growing preference for sustainable packaging solutions.

Product innovation stands out as a key trend in the printing toner market, with major companies focused on creating innovative products to enhance their market position. For instance, in May 2023, Print-Rite Inc., a US-based provider of quality imaging supplies, introduced Toner Cartridges for Kyocera Printers. Uniquely designed with a chip, this product features reliable, IP-safe technology, vibrant and excellent printing performance, and professional-grade prints. It incorporates indelible ink, providing an unrivaled level of security.

Major players in the printing toner market are directing their efforts toward developing toner-based color sheet-fed presses, allowing commercial printers to transition from offset to digital printing. These machines utilize toner, a powdered ink, to produce high-quality color prints on individual sheets of paper in a sequential, sheet-fed manner. In August 2023, Ricoh, a Japan-based company, launched the RICOH Pro C9500, a flagship toner-based color sheet-fed press, introducing new image quality, productivity, and substrate capabilities. This innovation is set to revolutionize the printing toner market by enabling commercial printers to access new markets, enhance customization, reduce operational costs, and gain greater control.

In May 2023, All Copy Products LLC, a US-based company providing document solutions to small- to medium-sized businesses, merged with LaserCycle Inc. This undisclosed amount merger is expected to enhance All Copy Products' service capacity and expand its technological portfolio. LaserCycle Inc. is a US-based remanufacturer of toner cartridges.

Major companies operating in the printing toners market report are Dell Inc., Hewlett-Packard Inc., Panasonic Corp., Canon Inc., Toshiba Corporation, Fujifilm Holdings Corporation, Kyocera Corporation, Ricoh Company Ltd., Kao Corporation, Seiko Epson Corp., Konica Minolta Inc., Xerox Holdings Corporation, Brother Industries Ltd., Lexmark International Inc., Pitney Bowes Inc., The Eastman Kodak Company, Raven Industries Inc, ACM Technologies Inc, Tokyo Printing Ink Mfg Co. Ltd., Olivetti S.p.A, Clover Imaging Group, INX International Ink Co, AstroNova Inc., TROY Group Inc., Tomoegawa Co Ltd, Toner Italia SRL, DuraFast Label Company, Samsung Fine Chemicals Co. Ltd, Colart International Holdings Ltd, American Tonerserv Corp.


North America was the largest region in the printing toners market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the printing toners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the printing toners market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary categories of printing toners include laser toner, analog copier toner, digital copier toner, and others. Laser toner, specifically, denotes the dry combination of carbon, plastic bits, and pigments used by laser printers and copiers to generate printed text and images on paper. Various technologies involved are conventional toners and chemical toners, incorporating raw materials such as polyester, styrene-acrylic, and specialty polymers. The diverse applications encompass monochrome printing and color printing in areas such as printing, stationery, packaging, fast-moving consumer goods, advertising, branding, and other related sectors.

The printing toners market research report is one of a series of new reports that provides printing toners market statistics, including printing toners industry global market size, regional shares, competitors with a printing toners market share, detailed printing toners market segments, market trends and opportunities, and any further data you may need to thrive in the printing toners industry. This printing toners market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The printing toners market consists of sales of toner cartridges, ink refill kits, and compatible cartridges. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.