Global Thermal Transfer Tags Market: An Overview
Thermal transfer tags are printed tags with barcode, which provides information about the tagged product or container. The thermal transfer tags used in patient ID systems, which reduces medical error by increased accessibility of information to the patients. Therefore, it has enhanced the importance of thermal transfer tags and expected to drive the market for thermal transfer tags. Manufacturers of thermal transfer tags are focusing on the technological changes such as long-term durability, excellent printability, and easy to install facility. The global thermal transfer tags market primarily influenced by increase in retail outlet in a highly populated emerging economy such as China and India. However, it is expected to ensure positive growth for thermal transfer tags globally. Thermal transfer tags are available in various sizes, easily customizable, and printed with barcode, that helps to provide proper and sufficient information by just scanning the barcode. Thermal transfer tags are also used in packaged food and pharmaceutical industries, as it complies with the regulatory measure to maintain the quality of the product by providing easy track and trace solution at the time of transit.
Planning to lay down future strategy? Perfect your plan with our report brochure here
Global Thermal Transfer Tags Market: Dynamics
The global thermal transfer tags market is expected to grow on the framework of applicants such as Retail, Logistics, Food and Beverage, Semiconductor and Electronics, Transportation, Tracking, and Healthcare, globally. Since the increase in modernization and fast moving work culture it is expected to increase the demand for packaged food. Further, it will drive the global thermal transfer tags market. The technological changes in the printing of tags with the flexible and portable printer are expected to introduce new vendors operating in global thermal transfer tags market. The demand for thermal transfer tags is expected to grow, due to government regulations to attach mandatory tags on packaged food to increase the safety and quality of food and beverages. Thermal transfer tags used in inventory management, which help to establish inventory control and enables work-in-progress (WIP) tracking in the manufacturing industry. Thermal transfer tags help to identify the containers or packaged goods, due to its easy track and trace solution in logistics and transportation industry, and it is expected to witness positive growth in thermal transfer tags market in the forecast period.
Looking for exclusive market insights from business experts? Request a Custom Report here
Global Thermal Transfer Tags Market: Segmentation
The global thermal transfer tags market is segmented as follows -
By material type, the global thermal transfer tags market is segmented into –
- Polypropylene (PP)
- Polyethylene (PE)
By printer type, the global thermal transfer tags market is segmented into –
- Desktop Printers
- Industrial Printers
- Mobile Printers
By end-use applications, the global thermal transfer tags market is segmented into –
- Logistics & Transportation
- Food and Beverage
- Semiconductor and Electronics
Global Thermal Transfer Tags Market: Regional Outlook
Asia Pacific region is expected to be the most lucrative region for the thermal transfer tags, due to increasing retail outlet in a highly populated emerging economy such as China and India. North America and Latin America are expected to witness positive growth towards thermal transfer tags, owing to an increase in demand for packaged foods in the forecast period. The regions such as Europe and Oceania is expected to witness average growth in the forecast period due to an already established market for retail outlet and supermarkets.
Recent Developments in the Global Thermal Transfer Tags Market
In January 2016, CCL Industries Inc. acquired Woelco AG supplier of durable labels and tags to Industrial & Automotive customers, subsidiary based in both U.S. and China.
In May 2016, Inland Label and Marketing Services LLC acquired Valley Label (Neenah, WI, USA). Valley Label is a manufacturer of labels and tags, and it will help Inland labels to increase the production of labels and tags.
Global Thermal Transfer Tags Market: Key players
Some of the leading players operating in the global thermal transfer tags market are as follows:
- Technologies plus
- 3M Company
- Multi-Colour Corporation
- CCL Industries Inc.
- Apogee Industries, Inc.
- Henkel AG & Co. KGaA
- Coveris Holdings S.A.
- Universal Tags, Inc.
- Honeywell International Inc.
- Apogee Industries, Inc.
- Constantia Flexibles Group GmbH
- Inland Label and Marketing Services LLC
- Star Labels Pvt Ltd
- LINTEC Corporation
- WS Packaging Group, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.