Thermal Transfer Label Market Forecast and Trends Analysis Research Report 2021 to 2031

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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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Attribute Details
Forecast Period 2021-2031
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

  • Material
    • 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
  • Application
    • 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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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Digitals News journalist was involved in the writing and production of this article.

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