Specialty Media Market on the Rise
The overall growth of the population of inkjet printers has driven another large market: desktop inkjet media. While most of the media running through inkjet printers is uncoated, plain paper, the increased access to color, the increased use of images, and the increased use of recreational software applications has driven the specialty desktop inkjet media market forward.
The emergence of photo quality printing from inkjet printers is one of the primary drivers of the specialty media market. All major printer OEMs, including Canon, Epson, HP, and Lexmark have printers that boast high resolution or dedicated photo-printing capabilities and, dedicated photo printers from companies like Canon, Epson, or HP enable users to print photos directly from digital cameras without using a PC.
The figure below illustrates CAP Ventures’ forecast for the specialty media market. The early market was dominated by coated papers, photo papers, card stock, label supplies, and transparencies. Today, media that complements digital photo printing is experiencing explosive growth.
With lower digital camera prices, easy electronic transmission of images, and the introduction of printers priced below $50, CAP Ventures expects the growth of photograde papers to average 16% compound annual growth rate through 2006.
The preceding has been abstracted from the CAP Ventures research report entitled “U.S. Narrow Format Inkjet Media Report: 2003” which provides an in-depth look at the market for desktop inkjet media. For more information about this and other CAP Ventures white papers, contact Alison Hipp at ext. 126.