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The Indian printer cartridge market is supported by the growth of the ink and toner cartridge market in the country. The Indian ink and toner cartridge market stood at a value of nearly USD 456 million in 2020. The ink and toner cartridge industry in India is further estimated to grow at a CAGR of 15% between 2023 and 2028 to reach a value of USD 1055 million by 2027.
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The Indian printer cartridge industry is being driven by the growing electronics sector in the region, leading to the increased penetration of PCs and printers in the region. With the increasing demand for printers, the market is witnessing a healthy growth. In 2020, the inkjet printer shipments in the region grew YoY by 5.6% led primarily by Epson. The major factor driving the industry further is the rising demand for ink tank printers which recorded YoY growth of nearly 20% in its shipments in the region, the highest growth in the last five quarters. While the overall laser printer market declined YoY by 12%, the copier segment grew by 19% YoY, recording the highest shipment ever in the year. The key manufacturers are switching from ink cartridge printers to high-capacity ink tank printers as they offer a smaller environmental footprint than laser printers and even ink cartridge printers, further offering a huge value by sharply lower printing costs. The copier market grew as a result of its strong demand from the government sector and the government’s continued tight monitoring of the refurbished copier market. These developments in the printer market are expected to support the growth of the India printer cartridge market positively.
In compatible cartridges, consumers can save 50-60% as compared to buying an OEM cartridge. Further, the popularity of refilled and non-OEM cartridges is on the rise, and their growing demand can be attributed to factors like the high cost of OEM cartridges combined with the emergence of refills and remanufacturers with better equipment and good quality raw material (inks and so on) in recent years.
Printer cartridge may refer to the ink cartridge, used in inkjet printers or toner cartridge, used in laser printers. During the printing process in the inkjet printer, ink cartridge gets deposited onto paper, while in a laser printer, a toner cartridge is a fine, dry mixture of plastic particles, carbon, and black or other colouring agents that make the actual image on the paper during the printing process carried out using a laser printer.
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The different types of printer cartridge available in the industry are:
On the basis of sector, the industry is further divided into:
It finds its end-uses in the following segments:
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The Indian printer cartridge industry is being driven by the growth of the print consumables market in the region, alongside the expanding printer industry. The consumables market relies directly on the number of installed printers in the region. The market potential for compatible cartridges, among different types of printer cartridge, is good due to the high cost of OEM cartridges and low quality of refilled cartridges and remanufactured cartridges. However, compatible cartridge brands have seen a dip due to the presence of numerous refill outlets, local remanufactured brands, Chinese cartridges, and fake cartridges.
In India, the growing literacy together with rising educational levels and rapidly progressing trade and industry is further aiding the printer cartridge industry in the region. The increased literacy rate has a direct positive effect on the rise of the circulation of papers and magazines in the region. Further, the rapid advancement in technology has prompted many industries to make the transition from analogue to digital, thus, making the printing industry adopt digital technology. Many segments of the printing industry are replacing offset printing with digital, which is expected to experience remarkable growth over the next few years. The printers with these services are already seeing key benefits, including improved customer satisfaction and increased profitable revenue. Digital printing is on the rise, and its demands from the print customers are increasingly being met with digital printing and related services.
The increased population and rising disposable incomes in the region in providing a boost to the industry. In January 2020, Pantum, a laser printer brand that has shown significant progress in the printing industry and market penetration around the world, announced that it plans to position, promote, and establish itself in the Indian market in the coming years. Pantum provides laser printers with advanced core technologies, which is further backed by reliable, cost-effective, and environment-friendly printing solutions. Such developments are expected to aid the printer cartridge industry in the region over the forecast period.
The report gives a detailed analysis of the following key players in the Indian printer cartridge market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s Five Forces Model, along with giving a SWOT analysis.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Printer Types, Sector, End Use|
|Breakup by Printer Types||Ink Cartridge, Toner Cartridge|
|Breakup by Sector||Organised Sector, Unorganised Sector|
|Breakup by End Use||Commercial, Government Agencies, Others|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||HP Development Company, L.P., Epson India Pvt. Ltd., Brother International (India) Pvt. Ltd., Dell, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Indian Printer Cartridge Market Analysis
8.1 Key Industry Highlights
8.2 Indian Printer Cartridge Historical Market (2018-2022)
8.3 Indian Printer Cartridge Market Forecast (2023-2028)
8.4 Indian Printer Cartridge Market by Printer Types
8.4.1 Ink Cartridge
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
18.104.22.168 Ink Cartridge by Type
8.4.2 Toner Cartridge
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2018-2022)
188.8.131.52 Forecast Trend (2023-2028)
184.108.40.206 Toner Cartridge by Type
8.5 Indian Printer Cartridge Market by Sector
8.5.1 Organised Sector
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.5.2 Unorganised Sector
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.6 Indian Printer Cartridge Market by End Use
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.6.2 Government Agencies
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
9 Market Dynamics
9.1 SWOT Analysis
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 HP Development Company, L.P.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
11.2.2 Epson India Pvt. Ltd.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
11.2.3 Brother International (India) Pvt. Ltd.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12 Industry Events and Developments
List of Key Figures and Tables
1. Indian Printer Cartridge Market: Key Industry Highlights, 2018 and 2028
2. Indian Printer Cartridge Historical Market: Breakup by Printer Types (USD Million), 2018-2022
3. Indian Printer Cartridge Market Forecast: Breakup by Printer Types (USD Million), 2023-2028
4. Indian Printer Cartridge Historical Market: Breakup by Sector (USD Million), 2018-2022
5. Indian Printer Cartridge Market Forecast: Breakup by Sector (USD Million), 2023-2028
6. Indian Printer Cartridge Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Indian Printer Cartridge Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Indian Printer Cartridge Market Structure
The Indian printer cartridge market was driven by the Indian ink and toner cartridge market, which reached a value of nearly USD 456 million in 2020.
The market is expected to be aided by the ink and toner cartridge industry in India, which is anticipated to at a CAGR of nearly 15% in the forecast period of 2023-2028.
The market is expected to be driven by the ink and toner cartridge industry in India, which is likely to reach a value of USD 1055 million by 2027.
The major drivers of the industry include the rising disposable incomes, increasing population, growing electronics sector, and the increasing demand for printers.
The rising popularity of refilled and non-OEM cartridges and their growing demand can be attributed to factors like the high cost of OEM cartridges combined with the emergence of refills and remanufacturers with better equipment and good quality raw material (inks and so on) in recent years. This is expected to be a key trend guiding the growth of the industry.
Ink cartridge and toner cartridge are the leading printer types in the industry.
The significant sectors of printer cartridge in the market are organised sector and unorganised sector.
The major end-use sectors of the industry include commercial and government agencies, among others.
The leading players in the market are HP Development Company, L.P, Epson India Pvt. Ltd., Brother International (India) Pvt. Ltd., and Dell, among others.
The Indian printer cartridge market is aided by the ink and toner cartridge industry in India, which attained a value of USD 456 million in 2020. The ink and toner cartridge market in India is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 15% and is projected to reach USD 1055 million by 2027.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on printer types, the market can be segmented into ink and toner cartridge. On the basis of sector, the industry is bifurcated into organised and unorganised sector. The major end-uses of the product are in the commercial and government agencies, among others. The key players in the Indian printer cartridge market include HP Development Company, L.P, Epson India Pvt. Ltd., Brother International (India) Pvt. Ltd., and Dell, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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