Direct Thermal Labels Market Overview
Direct thermal labels refer to chemically treated, heat-sensitive labels that print without the use of a ribbon. These labels are cost-effective in nature and do not require ink or transfer ribbons, which make it comparatively cheap for end-users. Ascending retail & logistics sectors all over the world is expected to drive the global direct thermal labels market through the forecast period, as suggested by the latest MRFR analysis. In addition, the adoption of direct thermal labels in the pharmaceutical sector is expected to create new expansion opportunities for market vendors through the forecast period.
The global direct thermal labels market is expected to witness an ascension at 4% CAGR as per the experts at MRFR. Mounting demand for processed and packaged food products all over the globe is also fostering market growth for direct thermal labels. Apart from that, fast-paced snowballing of the eCommerce industry, along with the transportation and logistics sectors has proven to be a major market driver in the estimate period. Even though numerous factors are supplementing the steady mushrooming of the market, few factors are hindering market growth during the forecast period. Lower durability of direct thermal labels is a primary factor hampering growth in the global market.
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Key Players
Some notable players prevalent in the global direct thermal labels industry include
- Technicode, Inc. (Michigan)
- Avery Dennison Corporation (U.S.)
- 3M Company (U.S.)
- NPI (U.S.)
- AM Labels Ltd (UK)
- Resource Label Group (US)
- Thermal Label Warehouse LLC (U.S.)
- Brady Corporation (U.S.)
- Consolidated Label Co (U.S.)
- Labelmakers Group Pty Ltd (Australia)
Industry Update
Sept 2019: BIXOLON recently exhibited its latest range of label printing technologies for postal and parcel industry. This demonstration will encompass the importance of identification and tracking labelling technology.
Market Segmentation
The direct thermal labels market is segmented by face stock material, application, and region. Based on face stock material, the direct thermal labels market is bifurcated into paper and plastic. The plastic segment is studied for the sub-segments of polyethylene (PE), polyethylene terephthalate (PET), and polyvinyl chloride (PVC). These are synthetic direct thermal labels that offer better durability, and longer-lasting face stock in cases of abrasion, chemicals, and moisture.
Based on the application, the global direct thermal labels market is segmented into foods and beverages, personal care, pharmaceuticals, and retail. The food and beverage segment is assessed to dominate the application segment over the assessment period. Upscaling demand for processed and packaged food across the globe is expected to drive up sales in the direct thermal labels market. The retail segment is estimated to register the highest CAGR over the forecast period.
Detailed Regional Analysis
Based on region, the global thermal labels market is studied for the segments of North America, Asia-Pacific Europe, and Rest of the World (RoW). Asia Pacific is expected to elude dominance over the global direct thermal labels market, as per the MRFR analysis. This regional segment is also anticipated to witness fast-paced ascension, registering peak CAGR over the forecast period. Such market dominance can be owed to the rapid growth in the e-commerce and transportation sectors, driving up the demand for direct thermal labels in the APAC region. Apart from that, growing organized details have led to a widening of the scope of application. Such a growing scope of application is seen to create expansion opportunities from the warehousing sector, which is expected to aid to market growth over the estimate period.
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Table Of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Direct Thermal Labels Market, By Face Stock Material
4.1 Paper
4.2 Plastic
Continues….
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