Global Thermal Transfer Label Market Overview
The thermal transfer label market is poised to expand steadily at a growth rate of 5% over the forecast period. Strong growth in e-commerce and logistics has fueled demand for thermal transfer label rolls. With increasing number of regional suppliers for food & beverages, there has been a significant increase in demand for thermal transfer label printing also backed by its high durability.
Thermal Transfer Label Trends
Thermal transfer labels have helped regional end-use industry retailers to print their own UPC barcode labels. Silver Polyester thermal transfer labels and white polyester thermal transfer labels are witnessing high adoption in long-term outdoor durable labels, chemical drum labels, post-solder circuit board making and part tracking labels.
Furthermore, mounting demand for medicines and vaccines in the healthcare industry has also facilitated adoption of thermal transfer labels. They are seen as the best choice for printing information on various products within the food & beverages, healthcare, retail label, tracking and transportation industries.
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Thermal Transfer Label Market Material Insights
Polyester-based thermal transfer label finds its application in electrical & electronics, asset-tracking and food & beverages. 3m thermal transfer polyester labels are soaring on popularity. Polyester thermal transfer labels account for nearly one-third of total market share, backed by its waterproof and tear resistant ability.
Advancements in chemical and pharmaceutical industry has also created numerous opportunities for polyester-based thermal transfer labels as a result of their chemical-resistant properties. However, paper-based thermal transfer labels are expected to grow impressively, backed by its ability to provide better print quality.
Thermal Transfer Label Market End-Use Industry Insights
Ascending demand for electronic products as a result of increasing smartphone penetration and smart gadgets is opening up numerous opportunities within the thermal transfer label market. Although use of thermal transfer labels accounts for the maximum market share from retail label makers, electronics industry is set to remain the fastest growing segment over the forecast period. Furthermore, high consumption of ready-to eat foods from super markets and hyper markets is also facilitating growth of thermal transfer labels market.
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Thermal Transfer Label Market Regional Insights
APEJ is seen as the most lucrative region for the thermal transfer labels market. This is attributed to high growth in retail, electronics and e-commerce industry. With numerous economic and technological advantages, the thermal transfer labels market is expanding at a higher growth rate in the APEJ region. Furthermore, Europe and North America are expected to hold the largest market share for polyester-based thermal transfer labels.
Thermal Transfer Label Market Manufacturers: Key Strategies
The prominent players of thermal transfer label manufacturers are focusing on product innovations, product launches and geographical expansion to establish their hold in regional as well as global markets.
For instance, in January 2019, RICHO expanded its thermal production line in Europe. This expansion was aimed at accessing Europe’s regional market as well as to enhance production capacity with respect to paper-based thermal transfer labels.
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COVID-19 Impact Insights
However, the COVID-19 outbreak is impacting demand for thermal transfer labels with disrupted supply chains and aftereffects of nation-wide lockdowns. Increased focus on the availability of essential services and goods during these period has resulted in downsized demand for printing products and papers.
China, U.S. and India are major consumers of thermal transfer labels, backed by fast growing electronics and e-commerce industries and an uptick in demand for ready-to-eat food. Imposition of lockdowns in these regions along with other developing countries such as India and Japan has hampered sales of thermal transfer labels
About the Report
Fact.MR published an exclusive forecast report for thermal transfer label market between 2020 and 2030. The foremost objective of this report on thermal transfer label market is to pitch spearhead insights on market scenario, demand generators and technological advancements in the thermal transfer label market. Also, the study on thermal transfer label market addresses key dynamics, which are expected to diversify the sales and future prominence of thermal transfer label market.
The report on thermal transfer label market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of thermal transfer label market elaborating on the key segments. Also, the report outlines visionary insights on dynamics thermal transfer label market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for thermal transfer label.
Supply chain analysis and pricing analysis of thermal transfer label market along with the difference between thermal transfer labels used as per applications have also been included in the report to help the readers clearly understand the product framework map in thermal transfer label market.
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Thermal transfer labels Market Segmentation
Fact.MR has studied the thermal transfer labels market with detailed segmentation on the basis of material, product type, end-use industry and key regions.
- 1" Core Roll Labels
- 3" Core Roll Labels
- Food & Beverages
- Tracking, Logistics, and Transportation
- Industrial Goods & Products
- Semiconductor & Electronics
- Retail Labels
- North America
- Latin America
- Asia Pacific Excl. Japan
- Middle East & Africa
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Thermal transfer labels Market- Global Industry Analysis
The recent study by Fact.MR on the thermal transfer labels market offers 10-year forecast from 2020-2030. The study analyzes crucial trends that are currently determining the growth of the thermal transfer labels market. This report explicates on vital dynamics, such as drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of thermal transfer labels. The study also provides dynamics that are expected to influence the future status of the thermal transfer labels market over the forecast period.
A detailed assessment of value chain analysis, business executions, and supply chain analysis across regional markets have been covered in the report. A list of prominent companies operating in the thermal transfer labels market enhance the reliability of this comprehensive research study.
Thermal transfer labels Market: Report Summary
The study offers a comprehensive analysis on diverse features including demand, product developments, policy & regulatory landscape, revenue generation, and sales in the thermal transfer labels market across the globe.
A comprehensive estimate on the thermal transfer labels market has also considered through an optimistic scenario as well as conservative scenario regarding sales of thermal transfer labels in the forecast period. Price point comparison by regions with global average price are also considered in the study.
Thermal transfer labels Market: Analysis on Market Size Evaluation
The study provides each market segment in terms of volume (Sq. Meter) and value (US$ Mn) analysis in the thermal transfer labels market.
Market estimates at global and regional levels for thermal transfer labels are available in terms of “US$ Mn” for value and “tonnes” for volume. A Y-o-Y growth contrast on prominent thermal transfer labels market segments, along with the market attractiveness evaluation have been incorporated in the report.
Another key feature of the thermal transfer labels market report is the analysis of all key segments in terms of absolute dollar. Absolute dollar opportunity is critical in assessing the level of opportunity that a manufacturer can look to achieve as well as identify potential resources, from sales and delivery perspectives in the thermal transfer labels market.
Thermal transfer labels Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which help deliver projections on regional markets. This chapter include regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of the thermal transfer labels market during the forecast period.
Country-specific valuations on demand for thermal transfer labels have been offered for each regional market, along with market scope estimates and forecast, price index, and impact analysis of prominence in regions and countries. Regional markets Y-o-Y growth estimates have also incorporated in the report.
Detail breakup in terms of value & volume for emerging countries have also been included in the report.
Thermal transfer labels Market: In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of the thermal transfer labels market, along with their detailed profiles. Essential and up-to-date data information related to market players, who are principally engaged in the production of thermal transfer labels, have been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit report readers to take preemptive steps in advancing their businesses.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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