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Specialty Printing Consumables Market in Europe (EU5) to hit US$28.21 Billion by 2024 - Recent Research Report Published by Transparency Market ResearchALBANY, New York, October 24, 2016 /PRNewswire/ -- The specialty printing consumables market in the Europe (EU5) is chiefly driven by the promising rise in demand for domestic and industrial printed textiles the printed packaging products. The growing volume of exports and online orders for products through e-commerce websites is adding to the rising demand for innovative packaging and labelling in the region. TMR estimates that the Europe specialty printing consumables market will exhibit a 3.7% CAGR over the period between 2016 and 2024. As a result, the market, which had a valuation of US$20.22 bn in 2015, is expected to reach US$28.21 bn by 2024. In terms of product variety, the segment of toners, which occupied nearly 51% of the market in terms of revenue, dominated in 2015. The segment is also expected to retain its dominance over the forecast period. In terms of geography, the market in Germany emerged as the most prominent consumer of specialty printing consumables in 2015. The market in Germany accounted for over 31% of the Europe market in the said year. Get Sample Report Brochure for more Market Insights: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16067 Rising Adoption of Advanced Technologies to Bolster Market's Growth Prospects The Europe market for specialty printing consumables is chiefly driven by the rising use across the textile industry for textile printing applications, availability of effective technologies for printing processes, and rising applications in the packaging industry. Rising applications in the form of packaging printing and label printing are expected to make the packaging industry one of the key growth drivers of the Europe specialty printing consumables market in the near future. The growing volume of exports and online orders for products through e-commerce websites will add to the rising demand for printing consumables in the packaging and labelling sector in Europe. Availability of cost effective and less time consuming printing techniques such as 3D printing are becoming a growing trend in the Europe specialty printing industry. The rising adoption of such technologies is opening new and diverse growth avenues for manufacturers of specialty printing consumables in the Europe specialty printing consumables market. In addition to this, the increasing adoption of technologies such as mobile and cloud printing are also expected to lead to growth opportunities for new players in the market in the next few years. Browse Regional PR: http://www.europlat.org/europe-eu5-specialty-printing-consumables-market.htm Low-cost Printing Services from Asia Pacific to Restrain Market Specialty printing consumables companies in Europe are expected to bear the brunt of the cheaper printing services provided by countries in the Asia Pacific region. Vast investments in the printing industry in Japan and China, especially in the 3D printing sector, have helped the Asia printing industry become one of the most promising regional markets in the global printing industry of late.
The Europe market for specialty printing consumables is also expected to be restrained owing to the increasing rate of digitization, which is resulting in the rising preference of businesses to conducting their work online and using digital media substitutes instead of papers. This factor is expected to lead to a significant decline in the specialty printing consumables demand in the region in the next few years. In the highly competitive and fragmented Europe specialty printing consumables market, a notable transformation has been observed from focus on traditional printing technologies such as lithographic and offset printing to digital ones such as laser printing in the past few years, observes a recent report by Transparency Market Research. This trend is expected to gain strength with time and an increasing number of companies operating in the specialty printing consumables market are expected to venture into the field of digital printing in the near future. Many companies, such as Electronics for Imaging, Inc., which acquired Reggiani Machine in 2015, a leader in digital textile printing machines, are already making their move into the world of digital printing. For the study, the Europe specialty printing consumables market is segmented as follows: Europe (EU5) Specialty Printing Consumables Market, By Printing Process
Europe (EU5) Specialty Printing Consumables Market Analysis, By Product
Europe (EU5) Specialty Printing Consumables Market Analysis, By Application
Europe (EU5) Specialty Printing Consumables Product (Toner) Market, By Printing Process
Europe (EU5) Specialty Printing Consumables Product (Ink) Market, By Printing Process
Europe (EU5) Specialty Printing Consumables Product (Specialty Substrate) Market, By Printing Process
Europe (EU5) Specialty Printing Consumables Product (Chemicals) Market, By Printing Process
Europe (EU5) Specialty Printing Consumables Product (Toner) Market, By Application
Europe (EU5) Specialty Printing Consumables Product (Ink) Market, By Application
Europe (EU5) Specialty Printing Consumables Product (Specialty Substrate) Market, By Application
Europe (EU5) Specialty Printing Consumables Product (Chemicals) Market, By Application
Related Reports by Transparency Market Research:
http://www.transparencymarketresearch.com/us-specialty-printing-consumables.html
http://www.transparencymarketresearch.com/3d-printing-industry.html About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR's syndicated reports strive to provide clients to serve their overall research requirement. US Office Contact Website: http://www.transparencymarketresearch.com SOURCE Transparency Market Research 
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