Press release
Thermal Transfer Ribbon Market Growth By 2027 | Top Key Players - ITW Thermal Films, Ltd., Hangzhou Today Tec Digital Co., IIMAK, Dai Nippon Printing Co., Ltd
Thermal Transfer Ribbon Market
The thermal transfer ribbon market is estimated to expand owing to the product’s increasing acceptance in the retail sector along with growing demand for superior packaging solutions in the manufacturing industry. Thermal transfer ribbons are extensively used in retail and manufacturing applications like product labeling, product ID/serial numbers, storage, Back-of-Store operations, compliance labeling, and others. The retail sector has a major influence on the overall market. Emergence of e-commerce platforms have resulted in propelling the requirement for thermal transfer ribbons.
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Companies are focusing on taking strategic initiatives like mergers, acquisitions, collaborations, and new product launches to extent their business presence. In 2020, U.S. based pressure-sensitive adhesive solutions provider, Mactac partnered with Armor to offer thinner and more sustainable thermal transfer products like its Optiscan thermal transfer range and Armor’s inkanto APR1 wax-resin thermal transfer ribbon to the labeling industry.
Key Point Of TOC:
Chapter 9 Company Profiles
9.1 IIMAK
9.1.1 Business overview
9.1.2 Financial data
9.1.3 Product landscape
9.1.4 Strategic outlook
9.1.5 SWOT analysis
9.2 The Ricoh Company, Ltd.
9.2.1 Business overview
9.2.2 Financial data
9.2.3 Product landscape
9.2.4 Strategic outlook
9.2.5 SWOT analysis
9.3 ITW Thermal Films
9.3.1 Business overview
9.3.2 Financial data
9.3.3 Product landscape
9.3.4 Strategic outlook
9.3.5 SWOT analysis
9.4 Hangzhou Todaytec Digital Co., Ltd.
9.4.1 Business overview
9.4.2 Financial data
9.4.3 Product landscape
9.4.4 Strategic outlook
9.4.5 SWOT analysis
9.5 Zebra
9.5.1 Business overview
9.5.2 Financial data
9.5.3 Product landscape
9.5.4 Strategic outlook
9.5.5 SWOT analysis
9.6 TSC Auto ID Technology Co., Ltd.
9.6.1 Business overview
9.6.2 Financial data
9.6.3 Product landscape
9.6.4 Strategic outlook
Continue…
In Europe, thermal ribbon market is estimated to witness expansive growth in view of continuous infrastructure development in the industrial and commercial sector. Estimates indicate that the regional industry could grow at a CAGR of around 5.0%, whilst generating revenue of over USD 520 million by 2027. Occurrence of big giants operating in the regional market combined with presence of huge manufacturing and retail units may supplement robust demand in the region.
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The industrial printer application segment was held for the largest market share in 2020. These printers are used in the manufacturing of high-quality, robust labels & tags for a wide range of industries.
They are used widely in the manufacturing of logos, warning symbols, barcode labels, and others. The industrial sector is expected to grow at a CAGR of over 5% in terms of revenue. Increasing government initiatives to support the industrial sector and high retail spending across the globe could most likely support the thermal transfer ribbon market expansion.
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Global Market Insights, Inc.
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