Title: Thermal Transfer Ribbon Market SWOT Analysis, Business Growth Opportunities, Forecast By 2027
1 Thermal Transfer Ribbon Market Company Insights
SWOT Analysis by 2027
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2Global Market Scenario of Thermal Transfer Ribbon
Industry
- As per Global Market Insights, Inc. estimates,
the global thermal transfer ribbon market size is
expected to exceed 1.72 billion by 2027. - The global thermal transfer ribbon market share
is expected to witness a major upsurge over the
coming years, on account of the robust demand for
exceptional packaging solutions, alongside the
rising penetration of the retail sector in
emerging countries. Thermal transfer printing
ribbons are observing widespread adoption in the
manufacturing and retail industries for
compliance labeling, product labeling, ID/serial
number, storage, Back-of-Store operations, and
other applications. - The industry is highly fragmented in nature, with
the presence of domestic and international
manufacturers of different thermal transfer
ribbon types. The rapid growth of e-Commerce in
the retail sector, coupled with the rising
prominence of blood bag labeling practices, will
further expand the market at a tremendous growth
rate in years ahead.
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3Continue-
- How will high printing speeds offered by
near-edge technologies foster thermal transfer
ribbon industry? - On the basis of printing head type, the near edge
segment is likely to account for a nearly 35 of
the global thermal transfer ribbon market share
by 2027, which is attributable to the exceptional
printing speeds delivered by the near-edge
technologies owing to their capability to
auto-adjust the printing substrates. - In terms of segmentation by product, the wax
resin segment is slated to proliferate at an
appreciable rate, due to the easy product
availability and economical qualities, making it
highly desirable for use in the retail as well as
entertainment and hospitality industries. In
November 2020, Armor launched APR 1, a wax-resin
ribbon for the flat-head printers, designed to
serve as an economical solution for various
price-sensitive wax-resin applications. - Despite these favorable growth environments, the
low durability of labels and bar code tags made
from this product may create key challenges in
the steady market growth over the forthcoming
years.
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5360 Industry Analysis
- For instance, in May 2020, Thermal Transfer
Solutions unveiled the near-edge line of its
thermal transfer ribbons with high durability,
designed to print onto a range of packaging films
and label materials from rough medical papers to
glossy packaging films. - Based on the end-user spectrum, the market share
from other segments are poised to depict a CAGR
of nearly 2.1 through 2027. This segment
includes automotive, outdoor labels, and other
industries. Thermal transfer ribbons are widely
used in brand protection and product
authentication labels, which often adopt UV
invisible resins to produce invisible bar codes
to help differentiate between original and
counterfeit products by investigators. -
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6- Competitive Analysis
- Inkstar, Dai Nippon Printing Co., Ltd., General
Co., Ltd., Honeywell International, Inc., Zebra,
ITW Thermal Films, Armor, and IIMAK are some of
the key players operating in the Thermal Transfer
Ribbon Market.
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