Indian Printer Cartridge Market Report and Forecast 2025-2034
Market Report I 2025-08-13 I 147 Pages I EMR Inc.
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 693.52 Million in 2024 . The ink and toner cartridge industry in India is further estimated to grow at a CAGR of 15.00% between 2025 and 2034 to reach a value of USD 2805.68 Million by 2034 .
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.
Market Segmentation
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.
The different types of printer cartridge available in the industry are:
- Ink Cartridge
??- Original
??- Remanufactured/ Recycled
??- Compatible
??- Refilled
- Toner Cartridge
??- Original
??- Remanufactured/ Recycled
??- Compatible
??- Refilled
On the basis of sector, the industry is further divided into:
- Organised Sector
- Unorganised Sector
It finds its end-uses in the following segments:
- Commercial
- Government Agencies
- Others
Market Analysis
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.
Competitive Landscape
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:
- HP Development Company, L.P.
- Epson India Pvt. Ltd.
- Brother International (India) Pvt. Ltd.
- Dell
- Others
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.
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Indian Printer Cartridge Market Analysis
5.1 Key Industry Highlights
5.2 Indian Printer Cartridge Historical Market (2018-2024)
5.3 Indian Printer Cartridge Market Forecast (2025-2034)
5.4 Indian Printer Cartridge Market by Printer Types
5.4.1 Ink Cartridge
5.4.1.1 Historical Trend (2018-2024)
5.4.1.2 Forecast Trend (2025-2034)
5.4.1.3 Ink Cartridge by Type
5.4.1.3.1 Original
5.4.1.3.2 Remanufactured
5.4.1.3.3 Compatible
5.4.1.3.4 Refilled
5.4.2 Toner Cartridge
5.4.2.1 Historical Trend (2018-2024)
5.4.2.2 Forecast Trend (2025-2034)
5.4.2.3 Toner Cartridge by Type
5.4.2.3.1 Original
5.4.2.3.2 Remanufactured
5.4.2.3.3 Compatible
5.4.2.3.4 Refilled
5.5 Indian Printer Cartridge Market by Sector
5.5.1 Organised Sector
5.5.1.1 Historical Trend (2018-2024)
5.5.1.2 Forecast Trend (2025-2034)
5.5.2 Unorganised Sector
5.5.2.1 Historical Trend (2018-2024)
5.5.2.2 Forecast Trend (2025-2034)
5.6 Indian Printer Cartridge Market by End Use
5.6.1 Commercial
5.6.1.1 Historical Trend (2018-2024)
5.6.1.2 Forecast Trend (2025-2034)
5.6.2 Government Agencies
5.6.2.1 Historical Trend (2018-2024)
5.6.2.2 Forecast Trend (2025-2034)
5.6.3 Others
6 Market Dynamics
6.1 SWOT Analysis
6.1.1 Strengths
6.1.2 Weaknesses
6.1.3 Opportunities
6.1.4 Threats
6.2 Porter's Five Forces Analysis
6.2.1 Supplier's Power
6.2.2 Buyer's Power
6.2.3 Threat of New Entrants
6.2.4 Degree of Rivalry
6.2.5 Threat of Substitutes
6.3 Key Indicators for Demand
6.4 Key Indicators for Price
7 Value Chain Analysis
8 Competitive Landscape
8.1 Supplier Selection
8.2 Key Global Players
8.3 Key Regional Players
8.4 Key Player Strategies
8.5 Company Profiles
8.5.1 HP Development Company, L.P.
8.5.1.1 Company Overview
8.5.1.2 Product Portfolio
8.5.1.3 Demographic Reach and Achievements
8.5.1.4 Certifications
8.5.2 Epson India Pvt. Ltd.
8.5.2.1 Company Overview
8.5.2.2 Product Portfolio
8.5.2.3 Demographic Reach and Achievements
8.5.2.4 Certifications
8.5.3 Brother International (India) Pvt. Ltd.
8.5.3.1 Company Overview
8.5.3.2 Product Portfolio
8.5.3.3 Demographic Reach and Achievements
8.5.3.4 Certifications
8.5.4 Dell
8.5.4.1 Company Overview
8.5.4.2 Product Portfolio
8.5.4.3 Demographic Reach and Achievements
8.5.4.4 Certifications
8.5.5 Others
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.