The global demand for Thermal Transfer Ribbon Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
Thermal transfer ribbon is a polyester film coated with different layers: back layer, base PET film, release, and ink. The ink layer is transferred to the label thanks to the heat delivered by the thermal head of the thermal printer. It is thermal-transfer printing material applied to paper or some other substrate to stay glued. It contrasts with direct thermal printing, where no ribbon is present in the process. Thermal transfer printing is a fast and clean process with no warm-up or cooling time required. Using a thermal transfer ribbon, the print is perfect from the start to the end of a roll, making it the standard for producing on-demand barcodes and variable information labels.
The global thermal transfer ribbon market will show promising growth in the next eight years. Rising demand for informative packaging across various end-user industries, expanding manufacturing and retail sector, increasing & changing packaging requirements, increasing technological usage, and surge in demand for smudge resistive and high-definition tags and labels. Thermal transfer printing is a popular print process specially used for the printing of identification labels. It is the most broadly used printing process in the world for the printing of high-quality barcodes. Spurring counterfeit products, the growing importance of product authentication, and brand protection are fuelling the market growth. Thermal transfer printing offers long life, fade in direct sunlight, more heat tolerance, availability of colored ribbons, a longer print head life, and a wide selection of labels to choose from. However, the availability of other printing technology hampers the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of thermal transfer ribbon. The growth and trends of thermal transfer ribbon industry provide a holistic approach to this study.
This section of the thermal transfer ribbon market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Print Head
- Flat Head
- Near Edge
- Wax Ribbon
- Wax Resin Ribbon
- Resin Ribbon
By End User Industry
- Desktop Printer
- Mobile Printer
- Industrial Printer
- Entertainment And Hospitality
- Transport And Logistics
This section covers the regional outlook, which accentuates current and future demand for the Thermal Transfer Ribbon market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Thermal Transfer Ribbon Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the thermal transfer ribbon market include Inkstar, Dai Nippon Printing Co Ltd, General Co Ltd, Honeywell Printing Co Ltd, ARMOR, Zebra, ITW Thermal Films, Hangzhou Todaytec Digital Co Ltd, The Ricoh Company Ltd, IIMAK. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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