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Thermal Transfer Label Market trends, Top Companies, Share, Growth And Forecast 2033
Thermal Transfer Label Market
The Business Research Company presents an extensive market research report on the Thermal Transfer Label Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The thermal transfer label market size has grown strongly in recent years. It will grow from $2.91 billion in 2023 to $3.17 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to retail and logistics demands, manufacturing and inventory management, compliance labeling, e-commerce growth, product branding and promotion.
The thermal transfer label market size is expected to see strong growth in the next few years. It will grow to $4.45 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to global supply chain expansion, eco-friendly labeling solutions, pharmaceutical serialization, increased online retail, smart packaging trends. Major trends in the forecast period include customization and personalization, global supply chain challenges, integration with RFID technology, market consolidation, digital transformation.
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Key Market Players:
Major companies operating in the thermal transfer label market report are Honeywell International Inc., 3M Company, Henkel AG & Co KGaA, Illinois Tool Works Inc., Ricoh Company Ltd., DNP Corporation, Avery Dennison Corporation, SATO Holdings Corporation, Zebra Technologies Corporation, CCL Industries Inc., Constantia Flexibles Group GmbH, UPM Raflatac Oy, LINTEC Corporation, Multi-Color Corporation, Fuji Seal International Inc., Brady Corporation, WS Packaging Group Inc., Fort Dearborn Company, TSC Auto ID Technology Co Ltd., Resource Label Group LLC, MPI Label Systems Inc., Consolidated Label Co, Label Technology Inc., Labeltronix, Pac Edge Labels Pvt Ltd., Century Label, Advanced Labels NW, Coast Label Company, Coveris Holdings S.A., Inland Label and Marketing Services LLC
Market Drivers:
Rapid growth in the e-commerce sector is significantly contributing to the growth of the thermal transfer label market. E-commerce refers to the buying and selling of products using the internet. It includes internet-based activities such as product purchasing and selling, as well as monetary transactions. With the rise of online shopping, there is a greater demand for a variety of labels and packaging. For instance, according to the India Brand Equity Foundation (IBEF), an India-based government agency, the e-commerce market is expected to increase from $46.2 billion in 2020 to $111.40 billion in 2025 and it is expected to reach $350 billion by 2030. Therefore, rapid growth in the e-commerce sector is driving the growth of the thermal transfer labels market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/thermal-transfer-label-global-market-report
The thermal transfer label market covered in this report is segmented -
1) By Material: Paper, Polyester, Polypropylene (PP), Polyethylene (PE), Other Materials
2) By Printer Type: Desktop, Industrial, Mobile
3) By End User: Food and Beverages, Healthcare, Tracking, Logistics, and Transportation, Industrial Goods and Products, Semiconductor and Electronics, Retail Labels, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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