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APAC Thermal Transfer Ribbon Market revenue to cross $301 Mn by 2027

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APAC Thermal Transfer Ribbon Market size is anticipated to reach USD 301 million by 2027, according to a latest forecast report by Graphical Research. The key factors attributing to the market growth include rising demand for the product from the logistics & transportation sector and rising prevalence of e-commerce in the region.

Based on product, the wax ribbon segment dominated over 55% market share in 2020 owing to its excellent properties which provide better print quality, high abrasion resistance, and cost-effectiveness. Wax ribbon is manufactured with a high wax ratio which allows faster printing speeds even at low thermal settings. This product is widely used for applications, such as carton labeling, tags & labels, general labeling, shipping labels, and print & apply applications.

Based on the print head, flat head printer segment is anticipated to register a growth rate of 9% between 2021 and 2027. These printers can be used for almost all kinds of thermal ribbons, such as wax-resin ribbon, wax ribbon, and resin ribbon. The manufacturing design of a near-edge printer head limits its applicability to certain types of thermal ribbons. Wide application prospects of the flathead printer are one of the key factors driving product consumption in the Asia Pacific.

Browse detailed statistical insights from the report, “Asia Pacific Thermal Transfer Ribbon Market Size By End-user (Entertainment & hospitality, Healthcare, Manufacturing, Retail, Logistics & Transportation), By Application (Industrial Printer, Desktop Printer, Mobile Printer), By Product (Wax-resin Ribbon, Resin Ribbon, Wax Ribbon), By Print head (Flat type, Near edge), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @

https://www.graphicalresearch.com/industry-insights/1726/asia-pacific-thermal-transfer-ribbon-market

Based on end-user, the logistics sector will witness exponential growth through 2027 owing to the increasing manufacturing activities, rising prevalence of e-commerce, and surging trade activities, among others. This, in turn, is likely to accelerate the demand for thermal transfer ribbons for various tags and label applications. Developing countries like China and India will further fuel the product demand and are set to emerge as the business hotspots for many domestic and international manufacturers.

On the other hand, the COVID-19 crisis has been a major disruptor to market growth. The Asia Pacific thermal transfer ribbon market witnessed a severe downfall in revenue owing to the international trade bans, restricted mobility, interrupted supply chain, and reduced consumer spending power. However, China – one of the major raw material suppliers in the region has entered into a phase of recovery and is likely to pave ways for other nations as well.

Some of the major manufacturers include ARMOR, Hangzhou coditeck Digital Co., Ltd., Shenzhen ASTA Co., Ltd., Rachna Overseas Pvt. Ltd., SKH Lables & Machinery, Dai Nippon Printing Co., Ltd., Union Chemicar Co., Ltd., Fuji Kagakushi Kogyo Co., Ltd., Austab Labels, and International Imaging Materials, Inc.

The APAC thermal transfer ribbon market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:

Asia Pacific Market, By Print Head

  • Near edge
  • Flat type

Asia Pacific Market, By Product

  • Resin Ribbon
  • Wax-Resin Ribbon
  • Wax Ribbon

Asia Pacific Market, By Application

  • Desktop printer
  • Mobile printer
  • Industrial printer

Asia Pacific Market, By End-user

  • Manufacturing
  • Healthcare
  • Entertainment & hospitality
  • Logistics & Transportation
  • Retail
  • Others

The above information has been provided for the following countries:

  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • Rest of Asia Pacific