Thermal Transfer Ribbon Market

Global Market Scenario of Thermal Transfer Ribbon Industry • As per Global Market Insights, Inc. estimates, the global thermal transfer ribbon market size is expected to exceed $1.72 billion by 2027. • The global thermal transfer ribbon market share is expected to witness a major upsurge over the coming years, on account of the robust demand for exceptional packaging solutions, alongside the rising penetration of the retail sector in emerging countries. Thermal transfer printing ribbons are observing widespread adoption in the manufacturing and retail industries for compliance labeling, product labeling, ID/serial number, storage, Back-of-Store operations, and other applications. • The industry is highly fragmented in nature, with the presence of domestic and international manufacturers of different thermal transfer ribbon types. The rapid growth of e-Commerce in the retail sector, coupled with the rising prominence of blood bag labeling practices, will further expand the market at a tremendous growth rate in years ahead. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

Continue:- • How will high printing speeds offered by near-edge technologies foster thermal transfer ribbon industry? • On the basis of printing head type, the near edge segment is likely to account for a nearly 35% of the global thermal transfer ribbon market share by 2027, which is attributable to the exceptional printing speeds delivered by the near-edge technologies owing to their capability to auto-adjust the printing substrates. • In terms of segmentation by product, the wax resin segment is slated to proliferate at an appreciable rate, due to the easy product availability and economical qualities, making it highly desirable for use in the retail as well as entertainment and hospitality industries. In November 2020, Armor launched APR 1, a wax-resin ribbon for the flat-head printers, designed to serve as an economical solution for various price-sensitive wax-resin applications. • Despite these favorable growth environments, the low durability of labels and bar code tags made from this product may create key challenges in the steady market growth over the forthcoming years. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

360° Industry Analysis • For instance, in May 2020, Thermal Transfer Solutions unveiled the near-edge line of its thermal transfer ribbons with high durability, designed to print onto a range of packaging films and label materials from rough medical papers to glossy packaging films. • Based on the end-user spectrum, the market share from other segments are poised to depict a CAGR of nearly 2.1% through 2027. This segment includes automotive, outdoor labels, and other industries. Thermal transfer ribbons are widely used in brand protection and product authentication labels, which often adopt UV invisible resins to produce invisible bar codes to help differentiate between original and counterfeit products by investigators. Request for customization:https://www.gminsights.com/roc/4915 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

Competitive Analysis: • Inkstar, Dai Nippon Printing Co., Ltd., General Co., Ltd., Honeywell International, Inc., Zebra, ITW Thermal Films, Armor, and IIMAK are some of the key players operating in the Thermal Transfer Ribbon Market. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

Latest Research Report On Thermal Transfer Ribbon Market@ https://www.gminsights.com/industry-analysis/thermal-transfer-ribbon-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/4915 Request for customization: https://www.gminsights.com/roc/4915 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

Thermal Transfer Ribbon Market