Zink Printing Market to Garner $1.01 Bn, Globally, by 2030 at 3.2% CAGR

 Allied Market Research recently published a report, titled, “Zink Printing Market By Component (Zink-Based Paper and Zink-Based Printer), Functionality (Compact Photo Printer and Camera Photo Printer), Connectivity (Bluetooth, Near-Field Communication, and Others), and Application (Home and Commercial): Global Opportunity Analysis and Industry Forecast, 2021–2030”. As per the report, the global zink printing industry was pegged at $745.2 million in 2020, and is estimated to generate $1.01 billion by 2030, growing at a CAGR of 3.2% from 2021 to 2030.

Major determinants of the market growth

Rise in use of mobile printers based on wireless technologies, surge in demand for sustainable printing, and increase in need for high-speed, cost-effective, and high-quality printing solution have boosted the growth of the global zink printing market. However, increase in trend of online and paperless e-transactions hinders the market growth. On the contrary, high demand from Asia-Pacific is expected to open new opportunities for the market players in the future.

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Covid-19 scenario:

  • The pandemic disrupted the day-by-day activities and created uncertainty in the stock market. This resulted in falling business confidence, disruption of the supply chain, and increased panic among customers.
  • The country-wide lockdown resulted in shutdown of manufacturing units and operations.
  • The pandemic negatively affected the electronics sector as production facilities have stalled. But the demand for electronics and semiconductor products in these industries has increased during the pandemic, which will positively affect the market growth.

The Zink-based printer segment to portray the highest CAGR through 2028

By component, the Zink-based printer segment would register the highest CAGR of 4.2% during the forecast period, due to enhanced security offered by Zink printers and its user-friendly interface. However, the Zink-based paper segment held the largest share in 2020, accounting for nearly two-thirds of the global zink printing market, as it is long-lasting, water-resistant, tear-resistant, and smudge-resistant.

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The Bluetooth segment held the lion’s share

By connectivity, the Bluetooth segment dominated the market in terms of revenue in 2020, contributing to more than two-fifths of the global zink printing market, due to rise in demand for portable, pocket-friendly printers and on-demand printing. However, the NFC segment is projected to register the highest CAGR of 4.6% from 2021 to 2030, as it makes printing documents faster and easier than other types of connectivity.

North America dominated the market in terms of revenue

By region, the global zink printing market across North America held the largest share in 2020, contributing to more than one-third of the market, due to presence of prominent market players in the region. However, the market across Asia-Pacific is anticipated to portray the highest CAGR of 5.6% during the forecast period, owing to benefits such as compact size and strong durability compared to other printers along with demand for fast, eco-friendly, and reliable printing device and increase in penetration wireless technologies in the region.  

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Key market players

  • Brother Industries Ltd.
  • Dell
  • Canon
  • HP Inc.
  • Eastman Kodak Company
  • Lifeprint
  • LG Electronics
  • PRYNT
  • Polaroid
  • ZINK Holdings LLC

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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