Thermal Transfer Labels Market Trends And Strategies Scrutinize in a New Research Study

Transparency Market Research delivers key insights for the thermal transfer labels market in its published report, which includes global industry analysis, size, share, growth, trends, and forecast for 2019-2025. In terms of revenue, the global thermal transfer labels market is projected to register a CAGR of 5.5% during the forecast period.

Ease of Product Tracking in Diverse Environments Boosting Use of Thermal Transfer Labels

The global thermal transfer labels market is driven by its extensive usage in tags, labels, receipts, and tickets. Growth of various end-use industries such as food and beverage, industrial goods, healthcare and products, tracking, logistics, and transportation, retail, and semiconductor and electronics offer a positive outlook for the global thermal transfer labels market. Currently, manufacturing accounts for the maximum demand for barcode printers, as this industry uses these printers for streamlining the processing and tracking of shipments. Demand from the healthcare sector is increasing, attributable to the use of thermal transfer labels to print tags for patient ID systems, which increases accessibility of information to patients and reduces medical errors. The growing popularity of thermal spray coating in environments that are prone to moisture and other contamination is expected to open new opportunities for vendors operating in the global thermal transfer labels market. Rising number of retail outlets in vastly populated emerging economies such as China and India, and supportive policies by various governments are other factors that are expected to contribute to the growth of the market.

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Manufacturers in Thermal Transfer Market to Target Developing Economies of Asia

Thermal transfer labels companies need to target their customer base in emerging economies such as India & China, which have highly growing retail markets. India and China are expected to be attractive targets for thermal transfer labels manufacturers. The retail market in India has been experiencing healthy growth over the last decade, which creates opportunities for thermal transfer labels manufacturers to penetrate into this emerging market. Moreover, labor costs in China and India are less as compared to the developed countries of Europe, which compel manufacturers to set new plans for manufacturing units of thermal transfer labels. Increasing demand for logistics goods in these countries also creates significant opportunities for manufacturers. Moreover, rising focus on reducing food wastage and massive evolution in the pharmaceuticals industry creates major opportunities for multinational companies that aim to increase their penetration in the global thermal transfer labels market during the forecast period.

Regulations against Usage of Bisphenol Obstructing Growth of Thermal Transfer Labels Market

Stringent regulations are imposed on the use of BPA (bisphenol A), which are strongly challenging the true potential of the thermal transfer labels market in the food and beverage industry. Nevertheless, the late but eventual penetration of e-Commerce in the developing countries is expected to open new avenues for vendors in the thermal transfer labels market during the forecast period.

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Global Thermal Transfer Labels Market: Competition Landscape

Manufacturers can leverage the remunerative growth potential offered by the global thermal transfer labels market. To gain the most benefits the out of this scenario, key players in the thermal transfer labels market are strengthening their market presence by innovating their product offerings. The thermal transfer labels market is fragmented, with a significant share held by regional players. The TMR identifies Honeywell International Inc., Henkel AG & Co. KGaA, CCL Industries Inc., 3M Company, Constantia Flexibles Group GmbH, LINTEC Corporation Inland Label and Marketing Services LLC, WS Packaging Group, Inc. and Coveris Holdings S.A., as some the most prominent companies currently operating in the global thermal transfer labels market.

Heightening Influence of E-commerce to Boost the Growth of the Thermal Transfer Labels Market

The increasing growth prospects across the packaging and e-commerce industry will add extra stars of growth to the thermal transfer labels market between 2019 and 2025. Labeling plays a crucial role in the packaging sector. This factor will boost the growth of the thermal transfer labels market immensely. The durability factor plays a major role in increasing the growth rate.

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Thermal printing is ideal for printing long-lasting variable data. These packaging types are generally used for record-keeping, product ID, circuit board manufacturing, cold storage, outdoor storage, and others. These types of labels are well-known for lasting durability as compared to direct thermal, laser labels, or sheet style inkjet labels. The technology makes use of less heat. All these properties prove to be fruitful for the growth of the thermal transfer labels market.

The increasing influence of the food and beverage industry around the world may prove to be a good growth opportunity. The escalating demand for proper packaging of vaccines and medicines in the healthcare sector will also invite extensive growth opportunities during the assessment period. The developments and advancements in the chemical industry are inviting substantial growth. Tear-resistant and waterproof abilities will magnify the growth across the thermal transfer labels market.

The novel coronavirus pandemic has influenced the growth projections of a large number of sectors and businesses around the world. The thermal transfer labels market is no exception. The increasing prevalence of the SARS-CoV-2 outbreak resulted in the imposition of lockdown restrictions by numerous countries. This factor led to the closure of manufacturing facilities and production units. All these aspects had a negative impact on the growth.

The phased reopening of all the sectors and businesses will prove to be a golden opportunity for the growth of the thermal transfer labels market. The market is slowly regaining lost growth on the back of the relaxations in restrictions.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information. TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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