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Advent of 3d Printing Compels Specialty Printing Consumables Manufacturers in U.S. to Focus on Product Innovation, Observes Tmr

  • Date Submitted: 08/30/2016 04:00 AM
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With the advent of 3D printing, the U.S. consumer markets are witnessing a revolution in the packaging of products, finds Transparency Market Research. The 3D printing technology is experiencing a widespread adoption in a number of industries, thanks to reduced production wastage, it provides with. Leading specialty printing consumables manufacturers, such as DIC Corp., Xerox Corp., Canon Inc., HP Development Co., and Eastman Kodak Co. are working aggressively on product innovation to meet the increasing expectations of consumers. For instance, Canon has recently unveiled new resin 3D printer concept, which is, as Canon says, well suited for rapid prototyping as well as rapid manufacturing.

Over the coming years, the leading participants in the U.S. specialty printing consumables market will have to focus on strategic coalitions and forming partnerships with companies in other sectors in order to expand their product sale

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The demand for specialty printing consumables in the U.S. is highly influenced by the rapid expansion of the country’s domestic and industrial markets. As these consumables are widely utilized in facilities such as offices, hospitals, schools, and colleges, new construction as well as expansion of these facilities offer a considerable growth potential to their manufacturers.

Going forward, the rise in the IT and the industrial sectors will boost the demand for specialty printing consumables significantly in the nation over the next few years. The widespread application of printing for the purpose of business communication and other business processes too will accelerate the sale of these consumables in the coming years.
Apart from this, the demand for these consumables will also be stimulated by the surge in the U.S. printing industry, propelled by the growing demand for attractive packaging.

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