Growing demand for e-Commerce services and logistics has boosted investments in the manufacturing of thermal transfer labels to be used in the packaging & logistics industry. Demand for paper thermal transfer labels is high and will continue to be so in future as well. APEJ accounts for a major contribution to the demand for thermal transfer labels. In this region, developing countries such as China and India have numerous key players and end-use industries as compared to other regions. This factor is set to assist the economies of density in APEJ.
According to a revised report published by Fact.MR, the thermal transfer labels market is anticipated to surpass US$ 4 Bn valuation in 2021, and is poised to expand at a CAGR of over 5% over the next ten years.
For More Insights Into The Market, Request a Sample of this Report –https://www.factmr.com/connectus/sample?flag=S&rep_id=4762
Key Takeaways from Market Study
- Demand for thermal transfer labels for trading, logistics & transportation applications is expected to grow 1.8X over the next ten years, and account for nearly 70% of the market share by 2031.
- The APEJ region has the highest market share since the past five years with an average market share of 32% to 34%, and is expected to stay in the top place with an average share of 35% to 38% over the forecast period.
- Paper thermal transfer labels hold major market value share as compared to polyester thermal transfer labels, with nearly 1.2X market value.
- The market in Japan is expected to present an absolute $ opportunity of US$ 277 Mn over the forecast period.
- The market in Latin America is projected to expand at a CAGR of over 5% from 2021 to 2031, while Mexico is expected to gain 816 BPS by 2031.
“Growth of e-Commerce and trading, logistics & transportation industry shall play a vital role in demand growth of thermal transfer labels,” says a Fact.MR analyst.
Share Your Requirements & Get Customized Reports –https://www.factmr.com/connectus/sample?flag=RC&rep_id=4762
Competition Tuning Factor
Key manufactures of thermal transfer labels are 3M Company, CCL Industries Inc., Constantia Flexibles Group GmbH, Coveris Holdings S.A., Henkel AG & Co. KGaA, Inland Label and Marketing Services LLC, Honeywell International Inc, LINTEC Corporation, Multi Color Corporation, TSC Auto ID Technology Co., Ltd., and other local and international manufacturers.
Growing demand for thermal transfer labels from numerous end-use industries and for various applications has increased the market value over the past five years. Despite the market being fragmented, higher potential of the product will attract new players into this space.
Find More Valuable Insights
Fact.MR, in its new offering, presents a balanced analysis of the global thermal transfer labels market, presenting historical demand data (2016-2021) and forecast statistics for the period of (2021-2031). The study reveals essential insights on the market on the basis of material (paper, polyester, PP, PE, and other materials), printer type (desktop, industrial, and mobile), and application (food & beverages, healthcare, trading, logistics & transportation, industrial goods & products, semiconductors & electronics, retail labels, and other products), across 6 major regions of the world.
Fact.MR’s Domain Knowledge in Chemicals and Materials
Our chemicals and materials consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the chemicals and materials sector. Our expertise in recognizing the challenges and trends impacting the global chemicals and materials industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
Explore Fact.MR’s Coverage on the Chemicals & Materials Domain
Soft Ferrite Market: Fact.MR’s soft ferrite market study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales across the globe for the forthcoming decade. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players, along with key stakeholders as well as emerging players.
Selective Catalytic Reduction (SCR) Catalyst Market: A market study done by Fact.MR on the selective catalytic reduction (SCR) catalyst market gives exclusive information about how the market will grow during the upcoming forecast period. This report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players.
Dibenzyl Toluene Market: Explore Fact.MR’s exhaustive dibenzyl toluene market coverage, shedding light on such important growth dynamics as drivers, trends and opportunities in store for prominent segment across key geographies for the forthcoming decade.
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Jumeirah Lakes Towers,
+1 (628) 251-1583