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    Asia Pacific Thermal Transfer Ribbon Market Forecast 2028 By End-user (Manufacturing, Healthcare, Entertainment & hospitality, Logistics & Transportation, Retail, Others), By Print Head (Near edge, Flat type), By Application (Desktop printer, Mobile printer, Industrial printer), By Product (Resin Ribbon, Wax-Resin Ribbon, Wax Ribbon), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: July 2022   |   Report ID: GR1726   |   Delivery: PDF  Request Free Sample

    Asia Pacific Thermal Transfer Ribbon Market size crossed USD 270 million in 2021 and is projected to witness 8% CAGR from 2022 to 2028. The increasing utilization of thermal printing techniques in a broad spectrum of applications, including printing cloth labels, barcode levels for product identification, and shipping across several end-use verticals, like transport and logistics, healthcare, eCommerce, warehousing, retail, etc.

    Asia Pacific Thermal Transfer Ribbon Market

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    As per the Indonesian Logistics and Forwarder Association, the transportation and logistics sector in Indonesia has been growing at around 10% annually, owing to the country's productive, vibrant, and young demographic. Meanwhile, Statistics Indonesia (BPS) reported that the logistics and warehousing sector encountered an expansion of around 3.24% (YoY in 2021 compared to 2020.

    These optimistic scenarios can be attributed to the increasing investments in the sector and the emergence of small package delivery and value-added services like packing, packaging, labeling, and tagging due to the rapid expansion of the eCommerce sector. Besides, the ongoing improvement in the supply chain capabilities and infrastructure and the increasing demand for freight cargo transportation due to a substantial rise in international shipments may push the industry revenue.

    Asia Pacific Market, By Product

    The resin thermal transfer ribbon market in Asia Pacific will surpass USD 110 million revenue by 2028. Resin ribbons are ideal for extreme environments where high-quality prints and resistance against harsh solvents and abrasion are needed. They provide superior performance creating labels with a clear and sharp print. 

    The increasing utilization of resin ribbons in synthetic and super high gloss labels, labels requiring long life, hazardous drum labeling, and all sorts of outdoor labeling tasks demanding durability will further strengthen the market outlook.

    Asia Pacific Thermal Transfer Ribbon Market, By Print Head

    The flat type printer head segment size will increase exponentially during the forecast period, owing to the remarkable attributes like cost efficiency and usage flexibility of flat-head printers. These printers are highly reliable and usually require less maintenance. They are compatible with any of the three thermal transfer ribbons, be it wax, wax/resin combination, or resin ribbon.

    Asia Pacific Market, By Application

    The mobile printer segment may account for a significant Asia Pacific thermal transfer ribbon market share in the coming years. Mobile printers are used across a variety of applications ranging from picking and sorting, shipping, and receiving, cross-docking, putaway, and work-in-process (WIP) tracking. These printers help retailers track inventory with RFID labels, including returns labeling, price management, shelf-edge labeling, mobile point-of-sale, and barcode. The advancement in mobile printer functionality offers flexibility to print materials on-demand, improving labeling accuracy, worker productivity, and responsiveness to customer needs.

    Asia Pacific Market, By Country

    As per the latest IBEF estimates, the eCommerce sector in India is predicted to reach USD 350 billion by 2030 from USD 46.2 billion in 2020. The increasing penetration of smartphones and the internet, along with the rapid emergence of platforms offering online shopping, food delivery, grocery, and pharmaceuticals deliveries.

    Competitive Industry Landscape

    Major players involved in the Asia Pacific thermal transfer ribbon market include Rachna Overseas Pvt. Ltd., Austab Labels, International Imaging Materials, Inc., Hangzhou coditeck Digital Co., Ltd., Union Chemicar Co., Ltd., SKH Labels & Machinery, ARMOR, Shenzhen ASTA Co. Ltd., Dai Nippon Printing Co., Ltd., and Fuji Kagakushi Kogyo Co., Ltd.

    Frequently Asked Question(FAQ) :

    How big is Asia Pacific thermal transfer ribbon market?
    The industry size for thermal transfer ribbon in Asia Pacific was crossed USD 270 million in 2021 and is predicted to exhibit an 8% CAGR between 2022 and 2028.
    What are the growth prospects for APAC resin thermal transfer ribbon industry?
    The market revenue for resin thermal transfer ribbon in Asia Pacific is expected to surpass USD 110 million by 2028 because these ribbons are ideal for extreme environments, where resistance against abrasion and harsh solvents are required.
    Why are flat print heads being used for thermal transfer ribbons?
    The flat print head segment will capture a significant share of the APAC industry by 2028 due to the product’s beneficial features, such as usage flexibility, cost efficiency, lesser need for frequent maintenance, and high reliability.
    Who produces thermal transfer ribbons across the APAC region?
    Austab Labels, Rachna Overseas Pvt. Ltd., International Imaging Materials, Inc., Union Chemicar Co., Ltd., ARMOR, and Dai Nippon Printing Co., Ltd., among others, are the top industry participants.

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