Thermal Transfer Labels Market Size, Share, Demand & Trends Analysis Report 2028

Thermal Transfer Labels Market: Industry Perspective

The global Thermal Transfer Labels market accrued earnings worth approximately 3.2 USD Billion in 2020 and is predicted to gain revenue of about 5.3 USD Billion by 2028, is set to record a CAGR of nearly 5.4% over the period from 2021 to 2028. The report offers an assessment and analysis of the thermal transfer labels market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue USD Billion.

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Thermal Transfer Labels Market: Outlook

Thermal transfer labels are a kind of printer labels that require ribbon while printing. These products are utilized for myriad purposes like tags, tickets, receipts, and labels. They play a pivotal role in the packaging industry. The flourishing eCommerce sector and ongoing logistics activities will culminate into massive product penetration in packaging over the upcoming years. The rise in regional suppliers for food products has led to a notable surge in the need for thermal transfer labels. Apparently, its high durability feature has added to its demand across the packaging sector.

Thermal Transfer Labels Market: Growth Dynamics

Escalating demand for drugs and vaccines in the healthcare sector will boost thermal transfer labels market growth. Apart from this, ease of information access to patients and the necessity of reducing medical errors will translate into high market demand in forthcoming years. The growing use of thermal transfer labels in transport and retail sectors for facilitating effective tracking of products will prompt the growth of the size of the thermal transfer labels industry during the forecasting years. In addition to this, thermal transfer labels are of high quality and durable, thereby boosting their sales. The humungous trend of using consumer electronic products with the rising in smartphone and smart gadget penetration will offer new growth opportunities for the thermal transfer labels market in foreseeable future. Massive sales of ready-to-eat snacks from supermarket stores will assist the thermal transfer labels market hit elevated heights of growth over the coming years.

Moreover, the large-scale use of tags, tickets, labels, and receipts along with its utilization in labeling industrial goods, semiconductor products, and other retail goods will proliferate the expansion of the thermal transfer labels industry over the next couple of years. The rise in the use of thermal spray coating on products to combat moisture will open new vistas of growth for the thermal transfer labels industry during 2021-2028. However, laws regulating the use of Bisphenol can retard the growth of the thermal transfer labels business in the ensuing timespan.

Thermal Transfer Labels Market: Regional Landscape

The Asia Pacific To Contribute Notably Towards Overall Market Size By 2028

Regional market growth over the assessment period can be credited to the large-scale growth of retail, eCommerce, and electronics sectors in the sub-continent. India and China are expected to be major business destinations for industry players, thereby contributing sizably towards market growth in the Asia Pacific. Low costs of labor in India and China will propagate the growth of the thermal transfer labels market in the upcoming years. Surging demand for logistics products in emerging economies of Asia & South East Asia will spur expansion of the thermal transfer labels industry in the sub-continent over the forecast timeline.

The need for reducing food wastage & emergence of the pharma sector will contribute remarkably toward market profitability over forthcoming years. With easy product tracking in various situations, product sales are bound to increase in the region over the next few years. A steep rise in retail shops in China and India along with favorable government schemes will help the market grow manifold in the Asia Pacific.

Thermal Transfer Labels Market: Competitive Landscape

Some of the leading in the global market include

• Honeywell International Inc.
• 3M Company
• WS Packaging Group Inc.
• LINTEC Corporation Inland Label
• Marketing Services LLC
• Henkel AG & Co. KGaA
• CCL Industries Inc.
• Constantia Flexibles Group GmbH
• and Coveris Holdings S.A.

The global Thermal Transfer Labels Market is segmented as follows:

By Material

• Paper 
• Polyester
• Polyethylene

By End-Use

• Food & Beverages
• Healthcare
• Logistics & Transport

By Printer Type

• Desktop
• Industrial
• Mobile

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa