Global Thermal Transfer Ribbon Market Research Report 2021

Thermal Transfer Ribbon is basically a polyester film on which are coated different layers. Ink layer is transferred to the label thanks to the heat delivered by the thermal head of the thermal printer.
Thermal transfer ribbons mainly include Wax Base, Wax/Resin Mixed Base and Resin Base. Among them, Wax Base occupies the main market share,while Wax/Resin Mixed Base and Resin Base account for 28.64% and 32.79%. Both types of Wax/Resin Mixed Base and Resin Base are high-end products. Resin Base has a higher price, which is mainly used in high-temperature and scratch-resistant printing applications and media that cannot be printed with wax-based ribbons.
The production of Wax/Resin Mixed Base and Resin Base is mainly concentrated in Europe, America and Japan. In 2019, the America will occupy the main market share. Although China is a big producer, its products are mainly concentrated in low-end products such as Wax Base. Now many domestic manufacturers can produce Wax/Resin Mixed Base and Resin Base types, and many foreign companies have transferred their production capacity to China. In the future, China will continue to increase its share of high-end products.
The downstream applications of Thermal transfer ribbons are very extensive, especially in the rapid development of intelligent manufacturing, the breadth and depth of the application of barcode recognition technology have been rapidly developed, which has effectively driven the demand for Thermal transfer ribbons. In all downstream applications, in particular, Transportation & Logistics occupies the main market share.Followed by Manufacturing and Retail, occupying 26.70% and 25.89% of the market share respectively.

Market Analysis and Insights: Global Thermal Transfer Ribbon Market
The global Thermal Transfer Ribbon market was valued at US$ 1425 million in 2019 and it is expected to reach US$ 1846.4 million by the end of 2026, growing at a CAGR of 5.0% during 2021-2026.

Global Thermal Transfer Ribbon Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Thermal Transfer Ribbon Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Wax Base Thermal Transfer Ribbon
Wax/Resin Mixed Base Thermal Transfer Ribbon
Resin Base Thermal Transfer Ribbon

Segment by Application
Transportation & Logistics
Manufacturing
Retail
Other

By Company
Ricoh
ITW
HANGZHOU TODAYTEC DIGITAL CO.,LTD
Zebra
TSC
Zhuoli Group (Zhuorim)
ARMOR
IIMAK
General Co., Ltd.
Dai Nippon Printing Co., Ltd.
Fujicopian
Inkstar

Production by Region
North America
Europe
China
Japan
China Taiwan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Frequently Asked Questions