According to the global electrophotographic printing market report by IMARC Group, the market reached a value of US$ 3.1 Billion in 2022, and it is projected to reach a value of US$ 4.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
Electrophotographic printing, also known as xerography, is an imaging technique wherein a digital file is printed onto a paper via exposure, charging, developing, transfer, fusing, and cleaning processes. It consists of electrical or ionized charges to repel or collect particles from areas to be printed and a photoreceptor, which is a cylinder covered with materials that become conductive when exposed to light. A toner containing pigments, resins, waxes, and additives is attracted to static charge portions and connected to the fibers of the sheet using heat and pressure to make the final print. Electrophotographic printing finds widespread applications in faxes, lasers, copiers, digital and LED printers, advertising, packaging, etc.
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Electrophotographic Printing Market Trends and Drivers:
The escalating utilization of this technique in commercial printing of magazines, newspapers, catalogs, books, advertisement inserts, etc., is among the primary factors driving the electrophotographic printing market. Besides this, the growing popularity of digital printing in homes and offices is further augmenting the market growth.
Apart from this, the development of fusing devices and toner materials to reduce power consumption is also catalyzing the global market. Moreover, the introduction of emission minimization and acoustic noise reduction technologies in electrophotography printers is acting as another significant growth-inducing factor.
Furthermore, the launch of advanced product variants, such as Smart WelcomEyes, which use pyroelectricity sensors, human detection, and face-recognition cameras to detect, identify, and recognize users for easy authentication, is anticipated to bolster the electrophotographic printing market over the forecasted period.
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Global Electrophotographic Printing Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Electrophotographic Printing Companies:
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.
The report has segmented the market on the basis of type and application.
Breakup by Type:
- Monochrome Printing
- Color Printing
Breakup by Application:
- Commercial Printing
- Packaging
- Advertising
- Security
- Stationery
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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