Europe Thermal Transfer Ribbon Market to Observe Appreciable Growth USD 520 Million by 2027

Author : Ronak Bora | Published Date : 2021-09-07 

Europe thermal transfer ribbon market outlook is geared up for expansion, considering that the logistics industry has considerable influx of demand in store. Thermal transfer ribbons are used for printing RFID codes and bar codes, particularly by the transportation & logistics industry.

Although the COVID-19 pandemic brought a standstill to nearly all commercial activities, the transport and logistics sector is expected to emerge strong over the next few years, with a gradual drop in COVID-19 cases. Spot road freight rates are set to recover across the region with the resumption of manufacturing activities, directing Europe thermal transfer ribbon market trends.

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CALOR GmbH, Tanto UK Ltd., LEONHARD KURZ Stiftung & Co. KG, EURO Srl, Union Chemicar UK Ltd, ARMOR SAS, Cavalier Labels Ltd., and Ricoh Industrie France SAS are a few leading thermal ribbon manufacturers in Europe. With the tech-driven revolution witnessed by the logistics industry, investments in IoT, automation, artificial intelligence, and data analytics are likely to grow amongst these companies.

As the UK and Germany are topping the charts in terms of product consumption, Europe thermal transfer ribbon market outlook signifies positive outcomes through the following developments:

Widespread applicability of flathead printers

In terms of print head type, the thermal transfer ribbon market share from the flat head printing technique is expected to attract more customers than the near edge technology. This is because flathead printers are compatible with a broader range of ribbons including resin ribbon, wax ribbon, and wax-resin ribbon, as opposed to the limited compatibility of near-edge printers.

Standard shipping labels are increasingly being printed using these print heads in the region. Owing to the robust e-commerce industry and high inventory levels of product manufacturers, the Europe thermal transfer ribbon market is set to achieve new heights. Following the approval of the new EU budget and the Next Generation Recovery Fund by the European Council in July 2021, the transport sector is expected to regain its strength.

Multiple benefits of wax ribbons

The wax ribbon segment accounted for over 35% of the total thermal transfer ribbon market in Europe during 2020 and is slated to expand further at a steady pace. The assessment period is likely to attend high adoption, especially for the wax-resin ribbons. These ribbons can endure adverse weather conditions and fluctuations in temperature without affecting print quality for longer durations.

Wide-ranging industrial applications

Europe thermal transfer ribbon market share from the industrial printer segment is set to grow at more than 7.3% CAGR through the analysis timeline. Industrial printers are designed to withstand the harsh environment including exposure to high temperature. Since an extensive range of industrial needs are met by these printers, their adoption has been registering a stable rise.

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These printers can print durable and high-quality labels as per the specific needs of the user. One of the major advantages of these devices is that they reduce the overall production-related costs as well as downtime. Europe thermal transfer ribbon market forecast is making substantial strides with manufacturers investing in user-friendly designs, high quality results, and convenient transportation solutions.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Research methodology

1.2    Market estimation & forecast parameters

1.3    List of data sources

1.3.1    Primary

1.3.2    Secondary

Chapter 2   Executive Summary

2.1    Europe Thermal Transfer Ribbon market snapshot

Chapter 3   Europe Thermal Transfer Ribbon Industry Insights

3.1    Industry coverage

3.2    Industry size and forecast, 2016 – 2027

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.4    Future trends

3.4.1    Innovation landscape

3.5    Raw material analysis

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Drivers

3.7.2    Restraints

3.8    Application growth mapping

3.9    Industry analysis: Porter’s

3.10    Competitive benchmarking

3.10.1    Strategy dashboard

3.11    PEST analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1717/europe-thermal-transfer-ribbon-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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