Market Overview:
The global wax and resin ribbon market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for wax and resin ribbons from various applications such as packaging, manufacturing, retail, and others. In addition, the growing demand for barcode labels in various end-use industries is also contributing to the growth of this market.
Product Definition:
Wax and resin ribbon is a type of thermal printer ribbon that is used to print text or images on paper. This type of ribbon has two different components: wax and resin. The wax component is used to create the image or text on the paper, while the resin component helps to protect the image from fading over time. Wax and resin ribbons are important because they produce high quality prints that last for long periods of time.
＜50 mm:
The term ＜50 mm） was initially used for the measurement of wax and resin ribbon. It is now widely used to refer to any type of narrow, long-lasting product that has a width between 25 mm and 50 mm. The most common products falling under this category are cigarette filters, cotton swabs, tea bags, post-it notes and tissues among others.
50-100 mm:
50-100 mm is a standard length for wax and resin ribbon. It is used in packaging, labeling, and display applications. The thickness of the wax or resin Ribbon depends upon its application type such as food packaging or display card.
The 50-100 mm Wax & Resin Ribbon can be produced with different coatings including PVC, EVA, PEI on both sides depending upon the end use application which includes food packaging or nonfood packaging purposes respectively.
Application Insights:
Packaging emerged as the largest application segment and accounted for a market share of over 40% in 2017. The segment is expected to witness significant growth on account of increasing demand for corrugated boxes, cartons, flexible packaging and others from various industries such as food & beverage, pharmaceuticals among others.
Manufacturing was the second-largest application segment accounting for a market share of 29% in 2017 owing to growing industrialization across developing countries including China India Indonesia Malaysia Philippines Thailand Vietnam among others. Moreover, increasing use of manufacturing facilities at domestic level coupled with strong economic growth has resulted in increased production which will drive the product demand further. Increasing investments are also being made by governments at regional level towards infrastructure development which will positively impact industry expansion over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing demand for innovative and technologically advanced packaging solutions from various end-use industries, such as food & beverage and pharmaceuticals. In addition, growing e-commerce industry in the region is further anticipated to drive product demand over the coming years.
Asia Pacific emerged as one of the largest regional markets for global wax and resin ribbons due to rapid industrialization along with growth in manufacturing facilities of various end-use industries such as electronics, automotive.
Growth Factors:
- Increasing demand from the packaging and labeling industry for wax and resin ribbon products as they provide high-quality printing results.
- The growth of the e-commerce sector is also expected to fuel demand for wax and resin ribbon products as they are used extensively in barcode printing applications.
- Rising awareness about the benefits of using wax and resin ribbons among printers, especially in terms of improving print quality and reducing costs, is likely to boost market growth over the forecast period.
- Growing investments by key players in research & development activities to develop new technologies and products is anticipated to create new opportunities for market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wax and Resin Ribbon Market Research Report
By Type
＜50 mm, 50-100 mm, Other
By Application
Packaging, Manufacturing, Retail, Other
By Companies
Ricoh, ITW, Hangzhou Todaytec Digital, Zebra, TSC, Zhuoli Group, ARMOR, IIMAK, General, Dai Nippon Printing, Ricoh, 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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Wax and Resin Ribbon Market Report Segments:
The global Wax and Resin Ribbon market is segmented on the basis of:
Types
＜50 mm, 50-100 mm, Other
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
Packaging, 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
- Zebra
- TSC
- Zhuoli Group
- ARMOR
- IIMAK
- General
- Dai Nippon Printing
- Ricoh
- Inkstar
Highlights of The Wax and Resin 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:
- ＜50 mm
- 50-100 mm
- Other
- By Application:
- Packaging
- 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 Wax and Resin 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Wax and resin ribbon are materials used to create a variety of products, including bows, flowers, and tags. Wax is melted down and then poured into a mold to create the desired shape. Resin is then added to the wax mixture, which helps it harden. The finished product can be decorated with paint or other materials.
Some of the key players operating in the wax and resin ribbon market are Ricoh, ITW, Hangzhou Todaytec Digital, Zebra, TSC, Zhuoli Group, ARMOR, IIMAK, General, Dai Nippon Printing, Ricoh, Inkstar.
The wax and resin 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 Wax and Resin 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 Wax and Resin Ribbon Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wax and Resin 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 Wax and Resin 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 Wax and Resin Ribbon Market Size & Forecast, 2018-2028
4.5.1 Wax and Resin Ribbon Market Size and Y-o-Y Growth
4.5.2 Wax and Resin Ribbon Market Absolute $ Opportunity
Chapter 5 Global Wax and Resin Ribbon 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 Wax and Resin Ribbon Market Size Forecast by Type
5.2.1 ＜50 mm
5.2.2 50-100 mm
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wax and Resin Ribbon 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 Wax and Resin Ribbon Market Size Forecast by Applications
6.2.1 Packaging
6.2.2 Manufacturing
6.2.3 Retail
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wax and Resin 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 Wax and Resin 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 Wax and Resin Ribbon Analysis and Forecast
9.1 Introduction
9.2 North America Wax and Resin Ribbon 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 Wax and Resin Ribbon Market Size Forecast by Type
9.6.1 ＜50 mm
9.6.2 50-100 mm
9.6.3 Other
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 Wax and Resin Ribbon Market Size Forecast by Applications
9.10.1 Packaging
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 Wax and Resin Ribbon Analysis and Forecast
10.1 Introduction
10.2 Europe Wax and Resin Ribbon 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 Wax and Resin Ribbon Market Size Forecast by Type
10.6.1 ＜50 mm
10.6.2 50-100 mm
10.6.3 Other
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 Wax and Resin Ribbon Market Size Forecast by Applications
10.10.1 Packaging
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 Wax and Resin Ribbon Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wax and Resin Ribbon 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 Wax and Resin Ribbon Market Size Forecast by Type
11.6.1 ＜50 mm
11.6.2 50-100 mm
11.6.3 Other
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 Wax and Resin Ribbon Market Size Forecast by Applications
11.10.1 Packaging
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 Wax and Resin Ribbon Analysis and Forecast
12.1 Introduction
12.2 Latin America Wax and Resin Ribbon 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 Wax and Resin Ribbon Market Size Forecast by Type
12.6.1 ＜50 mm
12.6.2 50-100 mm
12.6.3 Other
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 Wax and Resin Ribbon Market Size Forecast by Applications
12.10.1 Packaging
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) Wax and Resin Ribbon Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wax and Resin Ribbon 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) Wax and Resin Ribbon Market Size Forecast by Type
13.6.1 ＜50 mm
13.6.2 50-100 mm
13.6.3 Other
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) Wax and Resin Ribbon Market Size Forecast by Applications
13.10.1 Packaging
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 Wax and Resin Ribbon Market: Competitive Dashboard
14.2 Global Wax and Resin 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
14.3.4 Zebra
14.3.5 TSC
14.3.6 Zhuoli Group
14.3.7 ARMOR
14.3.8 IIMAK
14.3.9 General
14.3.10 Dai Nippon Printing
14.3.11 Ricoh
14.3.12 Inkstar
