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.
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Key Takeaways from Market Study
“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.
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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.
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