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.
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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
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.
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|Historical Data Available for||2016-2020|
|Market Analysis||Value in Terms US $ Mn|
|Key Regions Covered||North AmericaLatin AmericaEuropeJapanAPEJMiddle East Africa|
|Key Countries Covered||U.S.CanadaMexicoBrazilMexicoArgentinaGermanyItalyFranceU.K.NordicSpainJapanChinaIndiaMalaysiaThailandSingaporeAustraliaGCC CountriesSouth Africa IsraelTurkey|
|Key Market Segments Covered||By MaterialBy Printer TypeBy ApplicationBy Region|
|Key Companies Profiled||3M CompanyCCL Industries Inc.Constantia Flexibles Group GmbHCoveris Holdings S.A.Henkel AG & Co. KGaAHoneywell International IncInland Label and Marketing Services LLCLINTEC CorporationMulti Color CorporationTSC Auto ID Technology Co., Ltd.|
|Customization & Pricing||Available upon Request|
Key Market Segments
- Paper Thermal Transfer Labels
- Polyester Thermal Transfer Labels
- PP Thermal Transfer Labels
- PE Thermal Transfer Labels
- Other Materials
- Printer Type
- Desktop Thermal Transfer Labels
- Industrial Thermal Transfer Labels
- Mobile Thermal Transfer Labels
- Thermal Transfer Labels for Food & Beverages
- Thermal Transfer Labels for Healthcare
- Thermal Transfer Labels for Trading, Logistics & Transportation
- Thermal Transfer Labels for Industrial Goods & Products
- Thermal Transfer Labels for Semiconductors & Electronics
- Retail Thermal Transfer Labels
- Thermal Transfer Labels for Other Products
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The Thermal Transfer Label Market report answers important questions which include:
- What does the status of the Thermal Transfer Label Market?
- Thermal Transfer Label Market look like after the forecast period?
- Which region has the highest contribution to the global Thermal Transfer Label Market and why?
- Which players remain at the top of the Thermal Transfer Label Market?
- What opportunities are available for the Thermal Transfer Label Market players to expand their production footprint?
- Which segment has the maximum impact on the Thermal Transfer Label Market?
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