Global Thermal Transfer Ribbons Market To Record Protruding Growth With US$ 2,900.7 Million By 2030

July 2023 | Report Format: Electronic (PDF)

Expanding disposable incomes, and increased use of thermal transfer ribbon in printing, labelling, and barcode applications, together with growing disposable income, will be the key elements propelling market expansion. Furthermore, the market value will be made worse by the region's growing middle class population and modernization initiatives. The market's growth is anticipated to be boosted by the focus on the creation of user-friendly and affordable designs and software to suit the demand for higher print quality and more practical equipment transportation. The market is restrained, nonetheless, by a significant slowdown in the supply chain and volatility in the stock market.

Demand for thermal transfer ribbons may increase over the forecasted period as a result of the quickening rate of urbanisation and constant population rise in developed regions like North America. Although it is anticipated that the development of more affordable and resilient alternative printing technologies as well as stringent printing regulations in many economies will restrain business growth. The extremely rigorous government regulations designed to ensure minimal dangers to people and the environment present a barrier to the industry. The market, however, is challenged by the very strict government rules intended to ensure minimal risks to persons and the environment.

North America region held the largest revenue share in the market for Thermal Transfer Ribbons components in 2021. Business statistics in the region will increase due to the region's strong manufacturing sector, which is supported by rising R&D spending and continued technical improvements in nations like the U.S. There will also be plenty of growth potential for the local market due to the spread of thermal transfer ribbon manufacturing enterprises and a well-developed thermal printing infrastructure.

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Thermal Transfer Ribbons Market Report Highlights

• In January 2023, The new Vx-Series thermal transfer overprinters (TTO) from Domino Printing India have been released to boost productivity on flexible food packaging lines. In flow wrap and vertical (VFFS) and horizontal form fill seal (HFFS) applications, the Vx-Series is made to maximise production uptime while minimising ribbon usage.
• In May 2021, Markem-Imaje launched SmartDate Xtreme Plus printhead suitable for high-resin & high-speed applications. The product come with 40 kilometers or a six-month warranty, allowing users over 60% more trouble-free coding than any other proximate options.

THERMAL TRANSFER RIBBONS MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Thermal Transfer Ribbons Type Outlook (Revenue, USD Million, 2017 - 2030)

• Wax Ribbon
• Wax -Resin Ribbon
• Resin Ribbon

Thermal Transfer Ribbons Print Head Outlook (Revenue, USD Million, 2017 - 2030)

• Flat type
• Near edge

Thermal Transfer Ribbons Application Outlook (Revenue, USD Million, 2017 - 2030)

• Mobile printer
• Desktop printer
• Industrial printer

Thermal Transfer Ribbons Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America (U.S., and Canada)
• Europe (Germany, U.K., France, Italy, Spain etc.)
• Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
• South America (Brazil, Mexico, Argentina etc.)
• Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

 List of Key Players- Thermal Transfer Ribbons Market

• Dai Nippon Printing Co.
• ITW Thermal Films
• Analysis Armor Group
• Hangzhou Todaytec Digital Co., Ltd
• Zebra Technologies Corp
• The Ricoh Company
• Honeywell International Inc.
• TSC Auto ID Technology

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