Thermal Transfer Ribbon Market Analysis

End-user (Entertainment & Hospitality, Manufacturing, Healthcare, Retail, Transport & Logistics)

The global thermal transfer ribbon market is segmented and analyzed for demand and supply by the end-user industry into entertainment & hospitality, manufacturing, healthcare, retail, and transport & logistics. Out of the five end-user industries, the transport & logistics segment is estimated to gain the largest market share in the year 2037. The growth of the segment can be attributed to the rising demand for home deliveries and the growing trends of e-commerce. Thermal printers in the transport and logistics sector are highly used to seamlessly connect all locations along the transportation corridor. Along with this, it is also used in auto identification, it facilitates every step, from receiving materials to delivering them to customers. Platform-to-consumer delivery was used by roughly 2,700 million individuals in 2020. Moreover, in 2020, there were roughly 15 billion deliveries made throughout the world. In addition, global retail e-commerce sales were around 5 trillion dollars in 2021.

Product Types (Wax-Resin Material, Resin Material, Wax Material)

The global thermal transfer ribbon market is also segmented and analyzed for demand and supply by product types into wax-resin material, resin material, and wax material. Amongst these three segments, the wax-resin material segment is expected to garner a significant share in the year 2037. Ribbons made up of a combination of wax and ribbon have extremely high durability. The primary driving factor for the wax-resin material segment is the strength it offers to the ribbon. Other than this, this material also increases the life span of the print taken from the printer. Moreover, it is immune to changing climatic conditions and fluctuating temperatures. Therefore, it is also suitable for products that are constantly in contact with changing temperatures.

Our in-depth analysis of the global market includes the following segments: