Market Overview:
The global thermal transfer ribbon market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for thermal transfer ribbons in various applications, such as transportation and logistics, manufacturing, retail, and others. In terms of type, the wax base thermal transfer ribbon segment is expected to hold the largest share of the global thermal transfer ribbon market during the forecast period. This can be attributed to its properties such as high print quality and durability.
Product Definition:
Thermal transfer ribbon is a material used in thermal printers to produce images on paper. Thermal transfer printers are different from other types of printers because they use heat to create an image, rather than ink. The thermal transfer ribbon is placed between the printer and the paper, and when the printer is turned on, it heats up and transfers the image from the ribbon to the paper.
Wax Base Thermal Transfer Ribbon:
Wax-based thermal transfer ribbons are made from paraffin, a hydrocarbon liquid, and are produced by the process of dewaxing. The product is used in wide range of applications such as printing inks, labels & tags, cartons & boxes packaging solutions and direct food contact surface coating.
Wax/Resin Mixed Base Thermal Transfer Ribbon:
Wax/Resin Mixed Base Thermal Transfer Ribbon is a thermal transfer medium consisting of an organic polymer base with a melting point between 60°C to 80 °C and viscosity between solid and liquid. The product is available in the form of pellets or ribbons, which are mixed with other materials before usage.
Application Insights:
The manufacturing segment dominated the global thermal transfer ribbon market in terms of revenue share in 2017. The application of these ribbons for various processes such as labeling, tracking and tracing, and inventory management has led to an increased demand from the manufacturing sector. In addition, transportation & logistics is expected to be one of the fastest-growing segments over the forecast period owing to rising industrialization along with increasing population and consumer base. This will further increase product demand for applications such as track labels, load labels, shipment Labels on trucks or trains.
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of industry players, availability of low-cost labor, growing industrialization and rapid growth in end-use industries are some major factors contributing to the region’s growth.
The Asia Pacific regional market is also anticipated to witness significant growth over the forecast period owing to increasing demand from various application segments such as transportation & logistics (T&L), manufacturing, retail among others. The T&L segment has witnessed significant adoption across several industries due to rising demand for efficient distribution channels that reduce inventory costs while maintaining high levels of customer service quality.
Increasing government initiatives towards infrastructure development coupled with rising investments in construction activities are projected favorably impact industry expansion over the coming years.
Growth Factors:
- Increasing demand for thermal transfer ribbons from the packaging and labeling industry as a result of the growth in the retail sector.
- The increasing popularity of thermal transfer printing technology over traditional printing methods due to its superior quality and faster printing speeds.
- Growing demand for color thermal transfer ribbons in the graphic arts market due to their ability to produce high-quality prints with vibrant colors.
- Rising demand for RFID tags, which are printed using thermal transfer ribbons, as a result of the increasing adoption of RFID technology worldwide.
- The growing trend towards customization and personalization in consumer products, which is driving demand for unique and customized labels that can only be produced through use of thermal transfer ribbons
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Transfer Ribbon Market Research Report
By Type
Wax Base Thermal Transfer Ribbon, Wax/Resin Mixed Base Thermal Transfer Ribbon, Resin Base Thermal Transfer Ribbon
By Application
Transportation & Logistics, Manufacturing, Retail, Other
By Companies
Ricoh, ITW, HANGZHOU TODAYTEC DIGITAL CO.,LTD, Zebra, TSC, Zhuoli Group (Zhuorim), ARMOR, IIMAK, General Co., Ltd., Dai Nippon Printing Co., Ltd., Fujicopian, Inkstar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Transfer Ribbon Market Report Segments:
The global Thermal Transfer Ribbon market is segmented on the basis of:
Types
Wax Base Thermal Transfer Ribbon, Wax/Resin Mixed Base Thermal Transfer Ribbon, Resin Base Thermal Transfer Ribbon
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation & Logistics, Manufacturing, Retail, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ricoh
- ITW
- HANGZHOU TODAYTEC DIGITAL CO.,LTD
- Zebra
- TSC
- Zhuoli Group (Zhuorim)
- ARMOR
- IIMAK
- General Co., Ltd.
- Dai Nippon Printing Co., Ltd.
- Fujicopian
- Inkstar
Highlights of The Thermal Transfer Ribbon Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wax Base Thermal Transfer Ribbon
- Wax/Resin Mixed Base Thermal Transfer Ribbon
- Resin Base Thermal Transfer Ribbon
- By Application:
- Transportation & Logistics
- Manufacturing
- Retail
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermal Transfer Ribbon Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermal transfer ribbon is a type of heat-transfer material that transfers heat by direct contact between two surfaces. It is often used in printers to transfer ink from the printhead to paper.
Some of the major companies in the thermal transfer ribbon market are Ricoh, ITW, HANGZHOU TODAYTEC DIGITAL CO.,LTD, Zebra, TSC, Zhuoli Group (Zhuorim), ARMOR, IIMAK, General Co., Ltd., Dai Nippon Printing Co., Ltd., Fujicopian, Inkstar.
The thermal transfer ribbon market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermal Transfer Ribbon Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermal Transfer Ribbon Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermal Transfer Ribbon Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermal Transfer Ribbon Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermal Transfer Ribbon Market Size & Forecast, 2020-2028
4.5.1 Thermal Transfer Ribbon Market Size and Y-o-Y Growth
4.5.2 Thermal Transfer Ribbon Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wax Base Thermal Transfer Ribbon
5.2.2 Wax/Resin Mixed Base Thermal Transfer Ribbon
5.2.3 Resin Base Thermal Transfer Ribbon
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Transportation & Logistics
6.2.2 Manufacturing
6.2.3 Retail
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Transfer Ribbon Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermal Transfer Ribbon Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wax Base Thermal Transfer Ribbon
9.6.2 Wax/Resin Mixed Base Thermal Transfer Ribbon
9.6.3 Resin Base Thermal Transfer Ribbon
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Transportation & Logistics
9.10.2 Manufacturing
9.10.3 Retail
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wax Base Thermal Transfer Ribbon
10.6.2 Wax/Resin Mixed Base Thermal Transfer Ribbon
10.6.3 Resin Base Thermal Transfer Ribbon
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Transportation & Logistics
10.10.2 Manufacturing
10.10.3 Retail
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wax Base Thermal Transfer Ribbon
11.6.2 Wax/Resin Mixed Base Thermal Transfer Ribbon
11.6.3 Resin Base Thermal Transfer Ribbon
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Transportation & Logistics
11.10.2 Manufacturing
11.10.3 Retail
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wax Base Thermal Transfer Ribbon
12.6.2 Wax/Resin Mixed Base Thermal Transfer Ribbon
12.6.3 Resin Base Thermal Transfer Ribbon
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Transportation & Logistics
12.10.2 Manufacturing
12.10.3 Retail
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wax Base Thermal Transfer Ribbon
13.6.2 Wax/Resin Mixed Base Thermal Transfer Ribbon
13.6.3 Resin Base Thermal Transfer Ribbon
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Transportation & Logistics
13.10.2 Manufacturing
13.10.3 Retail
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermal Transfer Ribbon Market: Competitive Dashboard
14.2 Global Thermal Transfer Ribbon Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ricoh
14.3.2 ITW
14.3.3 HANGZHOU TODAYTEC DIGITAL CO.,LTD
14.3.4 Zebra
14.3.5 TSC
14.3.6 Zhuoli Group (Zhuorim)
14.3.7 ARMOR
14.3.8 IIMAK
14.3.9 General Co., Ltd.
14.3.10 Dai Nippon Printing Co., Ltd.
14.3.11 Fujicopian
14.3.12 Inkstar
