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Indian Printer Cartridge Market to be Aided by the Expected Growth in the Indian Ink and Toner Cartridge Market, growing at a CAGR of 15% over the Forecast Period of 2022-2027.

According to a new report by EMR titled, ‘Indian Printer Cartridge Market Report and Forecast 2022-2027’, the Indian printer cartridge market is being aided by the growing ink and toner cartridge industry in the region, which stood at a value of around USD 456 million in 2020. The Indian ink and toner cartridge market is further expected to grow at a CAGR of 15% between 2022 and 2027 to attain a value of USD 1055 million by 2027.

The Indian printer cartridge market is being driven by the growing print consumables market and rising consumer disposable incomes in the region. The growing popularity of ink tank printers among consumers is further aiding the industry growth. The government sector, among other end uses, is driving the growth of the copier market by implementing stringent regulations and carrying out tight monitoring of the refurbished copier market. The growing acceptance of technology and increasing demand for convenient services in the region is expected to further aid the growth of the printer cartridge industry in India over the forecast period.

The growing consumer preference for devices with advanced and easy to use features is leading manufacturers to develop new product variety, which is expected to aid the industry growth further. In November 2020, Dell Technologies Inc (NYSE: DELL), a key player in the industry, introduced Dell EMC PowerOne autonomous infrastructure, which integrates PowerEdge compute, PowerMax storage, PowerSwitch networking, and VMware virtualisation into one system, along with a built-in intelligence engine, in order to make deploying, managing, and consuming IT easier for firms and organisations, so consumers can focus less on managing technology and more on benefitting from it. Such developments are expected to aid the growth of the Indian printer cartridge market globally in the forecast period.

Market Breakup by Printer Types, Sector, and End Use:

  • By printer type, the Indian printer cartridge market can be divided into ink cartridge and toner cartridge. Further, both the segments can be subdivided into original, remanufactured, compatible, and refilled types. 
  • By sector, the industry is bifurcated into organised and unorganised sector.
  • Printer cartridge finds end use in segments like commercial and government agencies, among others. 

Key Findings of the Report:

  • The Indian printer cartridge market is being driven by the growing electronics sector in the region, leading to increased penetration of printers, laptops, PCs, and others.
  • The growing population and rising disposable incomes, coupled with increasing demand for premium quality products, are providing further impetus to the industry for its growth. 
  • The rising focus of manufacturers to launch products with advanced features is aiding the industry further. 
  • The rise in literacy rate and growing print consumables market in the region is providing a further boost to the industry. 

Key Offerings of the Report:

  • The EMR report gives an overview of the Indian printer cartridge market for the periods (2017-2021) and (2022-2027). 
  • The report offers historical (2017-2021) and forecast (2022-2027) market information for the types, sectors, and end-uses of printer cartridge in India.
  • It also provides an assessment of the industry based on the Porter’s Five Forces model along with a SWOT and value chain analysis.

The major players in the Indian printer cartridge market are HP Development Company, L.P, Epson India Pvt. Ltd., Brother International (India) Pvt. Ltd., Dell, and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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