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    Europe Thermal Transfer Ribbon Market Forecast 2028 By Print Head (Near edge, Flat type), By Application (Desktop printer, Mobile printer, Industrial printer), By Product (Resin Ribbon, Wax-Resin Ribbon, Wax Ribbon), By End-user (Manufacturing, Healthcare, Entertainment & hospitality, Logistics & Transportation, Retail, Others), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: July 2022   |   Report ID: GR1717   |   Delivery: PDF  Request Free Sample

    Europe Thermal Transfer Ribbon Market size surpassed USD 590 million in 2021 and is expected to expand at 7% CAGR between 2022 and 2028. The increasing demand for thermal transfer ribbons across several end-use verticals employing thermal printers in their day-to-day operations may foster the market growth. These applications may include retail, manufacturing & industrial, transportation & logistics, and healthcare & hospitality.

    Europe Thermal Transfer Ribbon Market

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    The considerable growth in cross-border trade and rising imports and exports across the region has substantially pushed the demand for transportation and shipping. The latest Eurostat facts and figures reveal that goods exchanged between the EU and worldwide in 2020 contributed almost 46% in value and around 81% in volume to sea transport in the EU.

    In addition, an appreciable growth of the regional eCommerce industry owing to the changing buying behavior, strong economic growth, and increasing utilization of online services has led to the proliferation of the logistic sector in Europe. Besides, the prolific growth of the healthcare and retail market across major European economies may further strengthen the industry outlook. 

    Europe Market, By Product

    The resin ribbon segment will register remarkable growth till 2028, driven by their exceptional durability to withstand extreme environments that demand resistance against harsh solvents, high temperatures, moisture, UV applications, and abrasion. Their increased utilization for several printing and labeling applications, including synthetic labels, super high gloss labels, outdoor labels, hazardous drum labels, etc.

    Europe Market, By Application

    The Europe thermal transfer ribbon market from mobile printer segment will showcase around 6.8% growth rate during the forecast timeframe. These are handheld devices that are meant to be wireless and portable. They can print a variety of receipts and labels on the go and are equipped with easy-to-install software. Mobile printers are durable, waterproof, and temperature resistant and are often considered viable for warehouses and rough field environments.

    Europe Market, By Print Head

    The near edge print head segment will gain an outstanding momentum through 2028, owing to their capability to increase efficiencies and throughput to enable faster printing speeds. They are slightly costlier than flathead, but the printing technique is worthwhile to thermal printing technology.

    Near edge printing demands a typical ribbon variety to print. The material of the ribbon is limited to resin and wax-resin. Apart from black, these printers can also accommodate colored ribbons like white, red, and green, which makes them a preferred product over flathead.

    Europe Market, By Country

    An appreciable growth of the imports and exports across economies like Germany and France will positively influence the Europe market landscape. France is expected to become a major contributor to the industry growth due to the positive outlook of the regional healthcare and eCommerce industries.  

    Competitive Industry Landscape

    Prominent participants operating across the market include ARMOR SAS, LEONHARD KURZ Stiftung & Co. KG, Cavalier Labels Ltd., Tanto UK Ltd., CALOR GmbH, DNP Imagingcomm Europe Corporation, Todaytec UK Ltd, ALTech UK Labelling Technologies Ltd., EURO Srl, International Imaging Materials, Inc., Ricoh Industrie France SAS, Union Chemicar UK Ltd., and Advanced Labelling Systems Ltd.

    Frequently Asked Question(FAQ) :

    How big is Europe thermal transfer ribbon market?
    The market size for thermal transfer ribbon in Europe was exceeded USD 590 million in 2021 and is anticipated to register a 7% CAGR during the forecast period of 2022-2028.
    Why are resin ribbons gaining popularity across Europe thermal transfer ribbon industry?
    The resin ribbon segment will account for a large share of the European industry by 2028 due to the product’s ability to endure extreme environments, such as high temperatures, moisture, harsh solvents, and abrasion.
    What is the role of thermal transfer ribbon in mobile printers?
    The mobile printer application segment will exhibit a 6.8% CAGR through 2028 because these handheld devices can print a wide range of labels and receipts on the go and are equipped with easy-to-install software.
    Who manufactures thermal transfer ribbons in Europe?
    Tanto UK Ltd., Cavalier Labels Ltd., LEONHARD KURZ Stiftung & Co. KG, ARMOR SAS, and CALOR GmbH, among several others, are the prominent market players.

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