A thermal transfer label is a thin film that is wound on a roll that has a special black coating on one side. This coating is usually made from a wax or resin formulation. The labels come in direct contact with the printhead, and the printhead heats up the special coating on the label to produce the printed image. Thermal shipping labels are labels conveniently printed, with no mess or hassle. Using thermal technology, the printer selectively heats the thermal paper.
MARKET SCOPE
The "Global Thermal Transfer Labels Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the thermal transfer labels market with detailed market segmentation by material, printer type, application and geography. The report provides key statistics on the market status of the leading thermal transfer labels market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on material, the global thermal transfer labels market is segmented into paper, polyester, polypropylene, polyethylene, and others.
- Based on printer type, the global thermal transfer labels market is segmented into desktop, industrial, and mobile
- Based on application, the global thermal transfer labels market is segmented into food and beverages, healthcare, semiconductors & electronics, retail labels, industrial goods and products, tracking, logistics, and transportation, and others
MARKET DYNAMICS
Drivers
- Labeling is one of the most important processes in the packaging of the product. It involves various details in the label.
- The thermal transfer label offers high quality label with more durability.
- Semiconductor industry is growing continuously, which uses thermal transfer labels for product labelling, features printing, and also for transportation.
- Rising R&D activities drive the thermal transfer labels market.
Restraints
- Relatively higher price of the thermal transfer labels.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The thermal transfer labels market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the thermal transfer labels market in these regions.
IMPACT OF COVID-19 ON thermal transfer labels MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. The market for 3D printed metal is impacted by the pandemic due to shortfall in production along with halt in construction projects due to global lockdown.
MARKET PLAYERS
The report covers key developments in the thermal transfer labels market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from thermal transfer labels market are anticipated to lucrative growth opportunities in the future with the rising demand for thermal transfer labels in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the thermal transfer labels market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M Company
- CCL Industries Inc.
- Constantia Flexibles Group GmbH
- Coveris Holdings S.A.
- Henkel AG & Co. KGaA
- Honeywell International Inc.
- Inland Label and Marketing Services LLC
- LINTEC Corporation
- Multi Color Corporation
- TSC Auto ID Technology Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.