Global Direct Thermal Labels Market – Overview
The Direct Thermal Labels Market was valued at 4.02 Billion during the historic forecast period and is expected to grow at a CAGR of 4% during the forecast period. The thermal label is a chemically treated roll with an image on the base created by heat. Without the use of a ribbon, these heat-sensitive labels are printed. Infrared labels are less expensive, have a shorter shelf life, and the image fades with time due to light exposure.
The Direct Thermal Labels Market has provided a comprehensive analysis of the worldwide market and will continue to evolve over the forecast period. Thermal labels have been classified into many sectors, and market trends have shifted as it continues to play a significant part in the industry. The employment of direct thermal labeling in everyday circumstances is extremely popular. In terms of durability and quality, a direct thermal label outlasts and outperforms a typical printer paper sheet. Many small-scale businesses in a variety of industries are experiencing high demand, which is propelling the market and is expected to continue to grow over the projection period. The increased usage of Radio-Frequency Identification (RFID) tags, one of the fastest-growing technologies in the healthcare industry, is a positive factor in Direct Thermal Labels’ industry and market growth.
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Global Direct Thermal Labels Market – Prominent Players
Label makers Group Pty Ltd.,Blanco Inc.,3M Company,AM Labels Ltd,Brady Corporation,Constantia Flexibles GmbH,Labelmakers Group Pty Ltd,Müroll GmbH,Consolidated Label Co,Resource Label Group,Hub Labels,Premier Label Company Inc.,Thermal Label Warehouse LLC,A & S Labels Pvt Ltd.,Technicode, Inc.,Avery Dennison Corporation.
Top Impacting Factors
Additionally, the growing trend of online food ordering impacts market growth significantly, offering significant opportunities for label and packaging suppliers and converters. The advent of new high-speed printing solutions capable of printing a cost-effective alternative for multiple printing tasks within a wide range of applications boosts the direct thermal labels market size.
Stringent government regulations about food safety act as a major tailwind pushing up the growth of the market. Additionally, augmenting demand for consumer goods products alongside the increase in packaging industries provides a considerable impetus to the market growth. Rapidly growing pharmaceuticals and eCommerce industries support the growth of the market.
The rising demand for chemical-free direct thermal label technology compatible with any barcode software and thermal printers for environmentally friendly applications influences the market growth. Conversely, the price volatility and demand-supply gap in raw materials required for the direct thermal label production are major factors impeding the market growth.
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Direct Thermal Labels Market – Segments:
Based on the Product, the market has been segmented into Paper, Plastic, and Polyester.
Based on the Application, the market has been segmented into Food & Beverages, Pharmaceuticals, Personal Care, Retail, and Others.
Based on the market Region, the market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Direct Thermal Labels Market – Regional Analysis:
Developing countries such as North America and Europe have already established a large sector and are producing profitable market shares. Western Europe and North America are the primary drivers of the Direct Thermal Labels market. The large presence of industrialized countries and leading corporations in the pharmaceutical and other sectors also generates high income. The Asia-Pacific region, excluding Japan (APEJ), continues to lead the global Direct Thermal Labels Market, accounting for around 30% of the total demand for linerless labels. The growth of other regions’ food and beverage consumption, as well as their logistics industries, is contributing to the overall increase. China and India are also major revenue generators in the market.
The major key players in the market are Label makers Group Pty Ltd., Blanco Inc., 3M Company, AM Labels Ltd, Brady Corporation, Constantia Flexibles GmbH, Labelmakers Group Pty Ltd, Murrell GmbH, Consolidated Label Co., Resource Label Group, Premier Label Company Inc., Hub Labels, Thermal Label Warehouse LLC, Technicode, Inc., A & S Labels Pvt. Ltd., and Avery Dennison Corporation. The global market has seen steady growth in recent years. The advancement of offset printing technologies has resulted in market expansion. In terms of e-commerce, this has cheaper raw material costs and requires less space. Chemical, moisture and UV ray resistance are just a few of the new features that have been added to this category. The equipment’s maintenance and wear and tear are also kept to a minimum. It is leading the market as a result of strategic collaborations, acquisitions, and expansions by market participants.
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1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Direct Thermal Labels Market, By Face Stock Material
5 Global Direct Thermal Labels Market, By Application
5.2 Food & Beverages
5.4 Personal Care
6 Regional Market Analysis
6.2 North America
6.3.5 Rest Of Europe
6.4.4 Rest Of Asia-Pacific
6.5 Rest Of The World
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