ST PETERSBURG, Russia — The cost of printing a cake is growing faster than that of the world’s most powerful laser, a new study finds.
The average price per ounce of the laser-produced dye ink for the average consumer is now about $1,200, compared to about $700 in 2016, according to a new analysis by Bloomberg New Energy Finance.
In 2016, a standard inkjet printer cost about $2,000 per pound, according the company.
The average price of the inkjet-produced ink for a household in the United States was about $400 in 2016.
The researchers estimated the average price would jump to about two to three times the current level of $1.4 million a year for the ink-jet printer if the market grew to 8.8 million units a year by 2020.
That would put the cost of the average household’s inkjet print at about $14,000 to $18,000 a year, the researchers said.
A typical home printer can produce about 2,500 pieces per hour and uses about 10 percent of the energy in a typical home, according a Bloomberg New Economy analysis of government data.
The industry is expected to grow more than 10 percent annually to about 14.4 billion units in 2020, according Bloomberg.
The new analysis also found that the cost per ounce has been rising faster than the price of a typical inkjet.
It found the cost to produce the same amount of ink had been about $30 a pound from 2007 to 2020, up to about a $1 billion per year in 2020.
Bloomberg New Economy’s study is based on data from government sources including the Office of the Chief Economist and the International Paper and Printing Association.