Thermal Transfer Ribbon Market Share in North America 2021 - Industry Growth Analysis to 2027

1

North America Thermal Transfer Ribbon Market to
Exceed USD 689 Mn by 2027 Graphical Research
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
2

North American Thermal Transfer Ribbon Market
size is poised to surpass USD 689 million by
2027, according to a latest forecast report by
Graphical Research. The market growth is driven
by robust demand from end-use sectors for tags
and label applications. The extensive use of
thermal transfer ribbon by several industries for
informative packaging is a major driving factor
for the market. These ribbons are commonly used
for RFID codes and bar codes in industries, such
as entertainment hospitality, healthcare,
manufacturing, retail, logistics
transportation, and others. The retail and
logistics sectors collectively are the largest
end-use industries substantially contributing to
the overall market size. The logistics
transportation sector dominated more than 30 of
the market share in 2020, accounting for the
largest end-user of thermal transfer ribbon. The
phenomenal growth of the logistics and
transportation sector in the U.S. is the major
factor driving the thermal transfer ribbon market
size. The firms in the sector are providing a
tailored solution to ensure the coordinated
logistics services. Additionally, based on
Logistics Performance Index, U.S. is one of the
leading logistics markets. Various types of
thermal ribbons are taken into consideration for
varying applications. However, among all the
thermal ribbon range, the wax ribbon is the most
economical variety and are extensively used for
general-purpose printing. The high demand for wax
ribbons is primarily due to their superior
resistance, abrasion, and admirable print quality
even while being an inexpensive product.
Moreover, wax thermal ribbons can be used for
high printing speeds at lower thermal settings
owing to their high ratio of wax during
manufacturing. These ribbons find usage in a wide
range of applications, including tags labels,
general labeling, carton labeling, shipping
labels, print apply applications, and retail
labels tags.
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
3

Get sample copy of this research report _at_
https//bit.ly/3A9Bq6b Request for
customization _at_ https//bit.ly/3dno2S4
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
4

However, the covid-19 outbreak had a severe toll
on the economy of North America. The U.S. is the
most affected nation with the largest number of
covid-19 cases in the world. Therefore, to
contain the vigorously spreading virus,
governments imposed a nationwide wide lockdown
across the region. This, in turn, restricted the
movement of goods and trade operations in North
America and plummeted the market growth. The
North American industry witnessed a severe
downfall primarily due to the reduced demand from
some of the largest end-use industries, such as
retail and logistics transportation. But
investments made by governments to revive the
plunged economy is likely to create growth
opportunities for the industry players.
Meanwhile, industry participants are actively
adopting several strategies, such as mergers and
acquisitions to stay ahead in the competition and
improve their business profitability. Prominent
manufacturers include Union Chemicar Co., Ltd.,
International Imaging Materials, Inc., BlueStar,
Inc., International Media Products (IMP), Zebra
Technologies Corp., TSC Auto ID Technology Co.,
Ltd., Armor Group, Electronic Imaging Materials,
Inc., DuraFast Label Company, and IMS.
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
5

Segmentation of North America Thermal Transfer
Ribbon Market North America Market, By Print
Head Near edge Flat type North America Market,
By Product Resin Ribbon Wax-Resin Ribbon North
America Market, By Application Desktop
printer Mobile printer North America Market, By
End-user Manufacturing Healthcare Entertainment
hospitality The above information has been
provided for the following countries North
America US Canada
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
6

About Graphical Research Graphical Research is
a business research firm that provides industry
insights, market forecast and strategic inputs
through granular research reports and advisory
services. We publish targeted research reports
with an aim to address varied customer needs,
from market penetration and entry strategies to
portfolio management and strategic outlook. We
understand that business requirements are unique
our syndicate reports are designed to ensure
relevance for industry participants across the
value chain. We also provide custom reports that
are tailored to the exact needs of the customer,
with dedicated analyst support across the
purchase lifecycle. Contact Us Parikhit
B. Corporate sales, Graphical
Research  Phone[phone]Email sales_at_graphi
calresearch.com  Web https//www.graphicalresea
rch.com
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
7

Stay In Touch With Us For
Website www.graphicalresearch.com Socia
l Media
Assured Quality
On-Time Delivery
Industry Experts
Payment Security
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com