Global Industrial Printer Ribbon Market: An Overview
An industrial printer ribbon is a rolled form of multi-layered ribbon paper, used in print media in-between paper cartilage of printers. Thermal transfer printing technology has been used for printing on printer ribbons. A printer is structurally made of a number of layers. The top portion is covered with a transparent film, below that ink is stored for printing and the side part of the ribbon is covered with a protective layer appear as rigid plastic. Industrial printer ribbon reduces human efforts by providing a quick and easy printed slip, with the help of printer. Therefore the demand for printing ribbon will also increase. Industrial printer ribbon paper is heated from the back and ink is applied on the front portion of the paper. The melting of wax from the front portion results in the printing process. Industrial Printer ribbons are used to produce price tags, composition of the product, expiry date, batch number, and other information about the product. So an increase in production will also increase the demand for printing ribbon. Printer, printing media, and the type of printer ribbon are responsible for quality label printing. In industries, Industrial printer ribbon plays an essential role in labeling the product as without printer ribbon pricing, labeling is impossible. Hence, the demand for printer ribbons will considerably increase with sales of printers.
Global Industrial Printer Ribbon Market: Dynamics
Printing is an essential process done by the packaging team. It provides all the essential data about the product. Growth in the banking sector and subsequent rise in the number of bank accounts increase the demand for Industrial printer ribbons. Government organizations are also implementing industrial printer ribbon technology at a high rate. The quality of printer ribbons is improving. The rising adoption of ID cards also increase the demand for Industrial printer ribbons. The increasing number of sales of printers also increase the demand for industrial printer ribbons. Printers are gadgets that convert the softcopy of a document into hardcopy for a number of purposes. Method of printing is becoming more flexible and advanced. Various types of printers are being used such as LED printers, multifunctional printers, 3D printers, dot matrix printers, inkjet printers, laser printers, and others.
Global Industrial Printer Ribbon Market: Segmentation
The global industrial printer ribbon market is segmented as follows -
By product type, the global industrial printer ribbon market is segmented into –
- Coated Side In (CSI)
- Coated Side Out (CSO)
By colour type, the global industrial printer ribbon market is segmented into –
- Monochrome Print Ribbons
- Full Color Print Ribbons
By material type, the global industrial printer ribbon market is segmented into –
- Wax Resin Ribbons
- Full Wax Ribbons
- Full Resin Ribbons
By end-user industry, the global industrial printer ribbon market is segmented into –
- Chemicals & Fertilizers
- Food & Beverages
- Service Industry
- Banking, Financial Services, and Insurance (BFSI)
- Telecom and IT
- Media and Entertainment
- Others (Education, Energy, and Utilities)
- Warehouse, Transportation, & Logistics
Global Industrial Printer Ribbon Market: Regional Outlook
The growth in sectors such as retail & e-commerce as well as IT is expected to lead to increased demand for industrial printer ribbon. This is attributed to rising intercontinental trade generating more demand for track and trace technologies. This is anticipated to be one of the key factors for growth of the global packaging industrial printer ribbon market, during the forecast period. The retail markets of North America, Middle East and Africa, and Europe are expected to grow. The demand for industrial printer ribbon is increasing due to the introduction of various multifunctional and advanced printers.
Recent Developments in the Global Industrial Printer Ribbon Market
Increase in a number of public transport also result in excessive use of printer ribbon, due to printing of ticket or coupons , increase in online purchasing and development in the field of E-commerce is also driving the industrial printer ribbon market demand. Innovation in the field of printing occurred several times and brought about a revolution in the field of industrial printer ribbon. Technological developments like colour printing, gloss printing, and 3D printing are the future of printing. Printer ribbons are mostly used for printing bill, ticket, vouchers, slips, and others. The modifications in inkjet printers have resulted in sub-classification of inkjet printers into business inkjet printers, solid inkjet printers, and home inkjet printers.
Global Industrial Printer Ribbon Market: Key players
Some of the leading players operating in the global industrial printer ribbon market are as follows –
- Dai Nippon Printing co., Ltd.(DNP)
- Fine Line Ribbon Inc.
- Brady Corporation
- Seiko Epson Corporate
- Toshiba Corporation
- Zebra Technologies
- Sato Holdings Corporation
- TE Connectivity
- Honeywell International Inc
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