According to the recent study the electrophotographic printing market is projected to reach an estimated $4.3 billion by 2028 from $3.2 billion in 2023, at a CAGR of 3.2 from 2023 to 2028. Growth in this market is primarily driven by rising usage of this device to create a 3D object and enormous demand for EP to print labels for different products, such as food and beverage, pharmaceuticals, and cosmetics.
A more than 150 – page report is developed to understand trends, opportunities and forecast in electrophotographic printing market by product type (monochrome printing and color printing), application (commercial printing, packaging, advertising, security, stationery, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
“Color printing market is expected to remain the largest segment during the forecast period.”
Based on product type, the electrophotographic printing market is segmented into monochrome printing and color printing. Lucintel forecasts that the color printing market is expected to remain the largest segment due to the increasing customer demand for enhanced packaging standards.
“Within the electrophotographic printing market, the packaging segment is expected to remain the largest application”
Based on application the packaging segment is expected to witness the highest growth over the forecast period due to the enormous use of this printing technology for labels and tags because they convey information, brand recognition marks, and shipping details.
“Asia pacific will dominate the electrophotographic printing market in near future”
North America will remain the largest region due to the huge spending towards marketing of products and existence of a modern and established printing market in the region.
Major players of electrophotographic printing market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. HP, A B Graphic International, Anglia Labels, Associated Labels & Packaging, Canon, Consolidated Labels, and Eastman Kodak are among the major electrophotographic printing providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]