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Research and Markets - Global Printer Supplies Market Drivers, Challenges and Trends 2016 - Key Vendors are Brother Industries, Canon, HP, Seiko Epson, Kyocera, Lexmark International & RicohDUBLIN, July 15, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Printer Supplies Market 2016-2020" report to their offering. The global printer supplies market to grow at a CAGR of 2.42% during the period 2016-2020. A trend boosting market growth id the rising demand for digital printing. The increasing replacement of traditional printing methods with digital printing has contributed to the market to a certain extent. In digital printing, there is no need to replace printing plates while plates have to be repeatedly replaced in traditional printing methods such as lithography, flexography, gravure, and letterpress. Therefore, digital printing has the advantages such as quicker trnaround time and lower cost. It also provides customers, especially publishers, with more flexibility, greater inventory turnover, and higher profitability. According to the report, a key growth driver is the increased demand for inkjet printers and wireless printers. Advances in inkjet printing technology, including the invention of UV-curable inkjet printers, have resulted in increased demand for these printers. Advanced inkjet printers have many advantages such as greater speed, low production costs, and a wider range of applications. Technological advances have made inkjet printers highly suitable for industrial scale production, particularly when buying criteria such as quality, cost, and durability are concerned. Further, the report states that one challenge that could hamper market growth is the consumer preference for ebooks, which results in a decline in the publishing sector. Key vendors - Brother Industries Media Contact: Research and Markets To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-printer-supplies-market-drivers-challenges-and-trends-2016---key-vendors-are-brother-industries-canon-hp-seiko-epson-kyocera-lexmark-international--ricoh-300299312.html SOURCE Research and Markets |