Toner Market Displays Profitability

Market intelligence and consulting firm, Photizo Group, have released their Imaging 360 Toner Forecast, providing detailed insight into the current state of the toner market.

According to the data in the Forecast, toner cartridge shipments are expected to go up by 6.2% CAGR through 2019, reaching 679.3 million. Due to decreasing average selling prices, revenue shows less growth at 5.8% CAGR through 2019, totaling US$77.7 billion.

Jiqiang Rong, Photizo Group Director of Supplies, suggests, “Strong growth in the market can be attributed to positive growth in the hardware market, particularly with multifunction printers.”

TonerNews reports toner cartridge growth trends also suggest single-function printers are expected to stumble, and that strong market forecasts for MFPs will drive increased toner revenues globally.

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