PUBLISHER: The Business Research Company | PRODUCT CODE: 1833987
PUBLISHER: The Business Research Company | PRODUCT CODE: 1833987
Thermal transfer label are labels printed using a thermal transfer printer, where heat is applied to a ribbon coated with wax, resin, or a combination of both, transferring the ink onto the label surface. These labels are known for their durability and resistance to moisture, heat, chemicals and abrasion. The primary purpose of thermal transfer labels is to provide long-lasting, high-quality labeling for applications that require durability, such as product identification, asset tracking, inventory management and shipping.
The thermal transfer label market consists of sales by entities (organizations, sole traders and partnerships) of thermal transfer label that are widely used across industries such as logistics, manufacturing, retail, healthcare and chemicals for applications such as asset tagging, barcode labeling, product tracking, specimen identification and compliance labeling.
The global thermal transfer label market was valued at $2,503.57 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 4.00%.
Growth In Food And Beverage Industries
Growth in food and beverage industries the growth of the thermal transfer label in the historic period. The growth in food and beverage industries is significantly driving the demand for thermal transfer label, which are essential for product identification, traceability and compliance with safety regulations. As manufacturers scale up operations to meet rising consumer demand, there is a growing need for durable and high-quality labeling solutions that can withstand various environmental conditions such as moisture, temperature changes and handling. Thermal transfer labels offer superior print quality and longevity, making them ideal for packaging, logistics and inventory management in the food sector. This industrial growth, coupled with increasing regulatory requirements, is accelerating the adoption of advanced labeling technologies across the value chain. For instance, in May 2024, according to the British Soft Drinks Association, a UK-based trade association, the soft drinks market saw strong growth in 2023, with volume sales increasing by nearly 3% from 2022 and low/no-calorie drinks making up over 70% of purchases, while carbonated drinks reached a volume of 5,923 million liters, up from 5,894 million liters in 2022 and 5,520 million liters in 2021. Therefore, the growth in food and beverage industries drove the growth of the growth in food and beverage industries market.
Advancements In Thermal Transfer Technology To Improve Labeling Efficiency And Durability
Companies in the thermal transfer label market are increasingly investing in advanced technologies, such as thermal transfer ink ribbons, to improve labeling precision, enhance the durability of sample identification and ensure reliable traceability across the diagnostic workflow. Thermal transfer ink ribbons are heat-activated films that deliver long-lasting, high-resolution prints onto labels and packaging surfaces. For instance, in September 2024, Dai Nippon Printing Co., Ltd., a Japan-based printing company, launched the R380 and V670.They are advanced thermal transfer ink ribbons to address the changing needs of various industries. R380 is engineered for high alcohol resistance, making it ideal for labeling in sectors like electronics, pharmaceuticals and medical devices where exposure to solvents can compromise print clarity. It ensures long-lasting, readable barcodes and 2D codes. V670, on the other hand, is optimized for printing on both plastic and paper packaging, offering strong friction resistance and reliable performance on eco-friendly materials. It's particularly suited for food and apparel packaging, supporting high-speed printing of details like production dates, serial numbers and price tags.
The global thermal transfer label market is fairly fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 24.29% of the total market in 2024.
Thermal Transfer Label Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global thermal transfer label market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for thermal transfer label? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The thermal transfer label market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider thermal transfer label market; and compares it with other markets.