According to the latest report by IMARC Group, titled "Electrophotographic Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global electrophotographic printing market reached a value of US$ 2.92 Billion in 2021. Electrophotographic printing refers to the process that enables the printing of images on an imaging substrate, such as fabrics, metals, paper and glass. Also known as laser or xerography printing, it is generally used in copying machines and light-emitting diode (LED) and laser printers. It is an imaging technology that is based on the electrostatic principle that utilizes electrostatic charges, light and dry inks for printing high-quality images in lesser time. It is extensively used for commercial applications due to its ability to print on a large scale while providing a higher speed of printing in a cost-efficient manner.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Electrophotographic Printing Market Trends:
The global market is primarily driven by significant growth in the packaging sector. Coupled with the rising demand for electrophotographic printing in packaging solutions, this is providing a boost to the market growth. Increasing investments by leading companies for introducing innovative product packaging in the market are further favorably impacting the market growth. Along with this, continual technological advancements, such as the introduction of ultrafine particle liquid toner, along with acoustic noise reduction and emission minimization technologies, are creating a positive outlook for the market. Moreover, the widespread adoption of electrophotographic printing techniques for books, magazines and newspaper printing is positively influencing the market growth. Other factors, including the escalating demand for laser printers across the corporate segment and financial institutions, continuous innovations in printing techniques and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 3.99 Billion by 2027, growing at a CAGR of 5.44% during 2022-2027.
- Based on the type, the market has been bifurcated into monochrome and color printing.
- On the basis of the application, the market has been segmented into commercial printing, packaging, advertising, security, stationery and others.
- Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players are Hp Inc., A B Graphic International Ltd., Anglia Labels, Associated Labels & Packaging, Canon Inc., Consolidated Labels, Eastman Kodak Company, EC Labels Ltd. and Flint Group.
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