The Elevating Demand for Good Quality Labeling across Rainbow of Applications to Invite Growth on Horizon of Thermal Transfer Labels Market, TMR predicts CAGR of 5.5% between 2019 and 2025

ALBANY, N.Y., July 22, 2020 /PRNewswire/ -- The efficiency of thermal transfer labels, when compared to other labels in diverse aspects, may bring exponential growth for the thermal transfer labels market during the forecast period of 2019-2025. The thermal transfer labels market may garner considerable momentum on the back of technological advancements throughout the printing industry. Digital printing technology used for printing thermal transfer labels may help in enhancing the image quality and invite great growth prospects.

Based on the aforementioned parameters, the global thermal transfer labels market was valued at ~US$ 2 bn in 2019 and is prognosticated to expand at a CAGR of 5.5% across the forecast period of 2019-2025 according to the analysts at Transparency Market Research (TMR).

The increasing adoption of thermal transfer labels across various end-user industries like food and beverages, industrial goods and products, retail labels, tracking, logistics and transportation, healthcare, and others may serve as robust pillars of growth for the thermal transfer labels market between 2019 and 2025.

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Thermal Transfer Labels Market: Major Insights

• The demand for barcodes to streamline the process and tracking of shipments may garner expansive growth for the thermal transfer labels market during the forecast period
• Supportive government policies to serve as a prominent growth generator for the thermal transfer labels market
• Demand for thermal transfer labels in the healthcare sector is observing impressive growth; these labels are mainly used for patient ID systems, leading to minimal medical errors
• Developing economies like India and China have a large base of retail markets, which can help in the growth of the thermal transfer labels market; this aspect underpins a good growth rate for the thermal transfer labels market

Explore 170 pages of in-depth research, incisive insights, and detailed country-level projections. Analyze and discover the latest developments in the Thermal Transfer Labels Market (Material: Paper, Polyester, Polypropylene, Polyethylene, and Others; Printer Type: Desktop, Industrial, and Mobile; Application: Food & Beverages, Healthcare, Tracking, Logistics, and Transportation, Industrial Goods & Products, Semiconductor & Electronics, Retail Labels, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2025 at https://www.transparencymarketresearch.com/thermal-transfer-label-market.html

Thermal Transfer Labels Market: Growth Boosters

Thermal transfer labels play a major role in broadcasting branding and business communication. This aspect may bring great growth prospects for the thermal transfer labels market.

• Thermal transfer labels aid in protecting the products from counterfeiting and serve as an important growth propeller for the thermal transfer labels market
• The encouragement by various countries to adopt eco-friendly labeling and packaging solutions across almost all industries may help the thermal transfer labels market garner extra stars of growth
• The immense expansion of the retail sector across the globe may assist in bringing great growth prospects for the thermal transfer labels market during 2019-2025
• Sustainable thermal transfer labels may be the next big thing in the thermal transfer labels market; numerous companies have already started manufacturing and distribution of such labels

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How do Regulatory Legislations Restrain Growth of Thermal Transfer Labels Market?

Governments of various countries are implementing regulations on label and packaging regarding information disclosure. The regulatory legislations urge manufacturers in the packaging and labeling sector to strictly adhere to the guidelines issued by them. This aspect limits the scope of marketing objectives of product manufacturers, businesses, or brands. Therefore, it impacts the growth of the thermal transfer labels market in a negative manner.

In addition, information disclosure regulations also affect the design pattern flexibility greatly. Hence, this factor serves as a major growth obstacle for the thermal transfer labels market and limits its growth potential.

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The global thermal transfer labels market can be segmented as follows:

By Material

• Paper
• Polyester
• Polypropylene
• Polyethylene
• Others

By Printer Type

• Desktop
• Industrial
• Mobile

By Application

• ·  Food & Beverages
• ·  Healthcare
• ·  Tracking, Logistics, and Transportation
• ·  Industrial Goods & Products
• ·  Semiconductor & Electronics
• ·  Retail Labels
• ·  Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific Excl. Japan
• Japan
• Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the Global Packaging Industry:

Labels Market – The labels market is at the cusp of some very significant changes and these are taking it on a high growth trajectory over the period of 2019 to 2027. Technology plays a key role in propelling growth in the market and determine market share for players operating the playfield. Some of the factors that are massive contributors to growth is going demand for pressure sensitive labels owing to their cost and versatility and increasing efficacy – an outcome of aggressive and proactive measures from players.

Waterproof and Weatherproof Label Market – The market for waterproof and weatherproof labels is expected to grow at a steady rate over the coming years. Transparency Market Research forecasts that the CAGR for the period between 2017 and 2025 would settle at 5.0%. The market that was valued at US$16.09 billion in 2017 is anticipated to escalate to a value of US$23 billion by 2025. Based on the printing technology, the market is segmented into thermal printed labels digital printed labels, flexographic printed, and lithographic printed labels.

Functional and Barrier Coatings for Paper Market – Functional and barrier coatings are applied on paper with various barrier and functional materials to enhance the performance of paper. Functional and barrier coatings provide barrier to oil, water vapors, grease, and enhance printing capabilities of paper & paperboard products. Paper & paperboard are prominently used for foodservice disposables, printing, and packaging applications. Consumers demand products that are clean, dry, and damage-free.

Droppers Market – Droppers are used for accurately dispensing drops from bottles. In the scope of research, only those droppers are considered that are available with bottles, and we have excluded those droppers that are made from plastic and are attached to bottles. Glass and plastic pipettes are also excluded from the market scope. Shift in the demand for composite materials is expected to benefit the growth of the global droppers market. Among the end uses, the pharmaceuticals segment is anticipated to remain prominent in the global droppers market.

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