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Thermal Transfer Label Market 2024 - Comprehensive Industry Assessment, Predicting the Future, Business Landscape Overview, and Forecast Until 2033

03-11-2024 11:34 AM CET | Energy & Environment

Press release from: The Business research company

Thermal Transfer Label Market

Thermal Transfer Label Market

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Thermal Transfer Label Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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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Market Segmentation:
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

Major Driver - E-Commerce Boom Ignites Explosive Growth In Thermal Transfer Label Market
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.

Competitive Landscape:
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

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https://www.thebusinessresearchcompany.com/report/thermal-transfer-label-global-market-report

Top Trend - Pioneering Product Expansion That Reshape Thermal Transfer Label Landscape
Major players operating in the thermal interface materials market are focusing on developing new innovative products to expand their product portfolio, meet the requirements of various end-use industries, and maintain their position in the competitive business environment. Paper-based flexible film package printing refers to the process of printing on flexible packaging materials made primarily from paper substrates. For instance, In June 2023, Markem-Imaje, a Switzerland-based variable data and product identification equipment, launched a new SmartDate Xtra 3530 ribbon, a new grade of wax and resin thermal transfer ribbon for paper-based flexible film package printing. This ribbon was specifically designed to meet the increasing demand within the food and beverage, pharmaceutical, and other industries for paper-based flexible film package printing. The new SmartDate Xtra 3530 ribbon is engineered to print on paper-based substrates, including coated, uncoated, glossy, and rough papers. It addresses the growing challenge of manufacturers seeking an environmentally-friendly coding solution that can print durable and legible codes onto rough films.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Thermal Transfer Label Market Characteristics
3. Thermal Transfer Label Market Trends And Strategies
4. Thermal Transfer Label Market - Macro Economic Scenario
5. Thermal Transfer Label Market Size And Growth
…..
27. Thermal Transfer Label Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

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