European Thermal Transfer Ribbon Market is anticipated to cross USD 520 million by 2027, according to a latest forecast report by Graphical Research. The key factors attributing to the industry growth include the wide-scale use of thermal transfer ribbon by numerous industries for informative packaging.
Thermal transfer ribbon is commonly used for bar codes and RFID codes with these sectors. The major end-users of thermal ribbons are transportation and logistics, which are significantly contributing to the growing market size. Moreover, transportation & logistics are among the fastest-growing markets for thermal transfer ribbons.
The robust growth of the European thermal transfer ribbon market is majorly driven by Germany and UK. Manufacturers over here are offering more tailored solutions in order to ensure a coordinated logistics operation. Additionally, according to the Logistics Performance Index, several countries in the European region have high logistics activity.
Diverse kind of ribbon types is considered for different applications. For instance, a general-purpose printing application requires a more economical solution, hence wax ribbon receives more preference than other types. The wax ribbon segment held the highest industry share in 2020. The cost-effectiveness, abrasion, higher resistance, and excellent print quality are some of the key factors driving the demand for the wax ribbon. Additionally, this kind of ribbon consists high wax ratio which allows higher print rates at reduced thermal settings. The applications of wax ribbon include tags & labels, carton labeling, general labeling, print & apply applications, and shipping labels.
Browse detailed statistical insights from the report, “Europe Thermal Transfer Ribbon Market Size By Application (Desktop printer, Mobile printer, Industrial printer), By Print Head (Near edge, Flat type), By Product (Resin Ribbon, Wax-Resin Ribbon, Wax Ribbon), By End-user (Manufacturing, Healthcare, Entertainment & hospitality, Logistics & Transportation, Retail, Others) Industry Analysis Report, Price Trends, Competitive Market Share, Growth Potential & Forecast, 2021 – 2027” along with the table of contents (ToC) @
Based on print head technologies, flat head managed to bring out more consumers than the near edge technology. The robust demand from industries is major owing to its flexibility to be used for a wider range of ribbons at economical costs. A flathead printer can use either wax ribbon, wax-resin ribbon, or resin ribbon for print applications, however, the unique design of a near-edge printer limits its usability to certain ribbons. Therefore, wide usage in general applications like standard shipping labels is the major factor stimulating the demand for thermal transfer ribbons in the flathead segment.
On the other hand, the European thermal transfer ribbon market has witnessed a severe drop in revenue following the outbreak of coronavirus. Several countries in Europe have a high number of active COVID-19 cases leading to a restricted economical activity in the region. Lockdowns imposed by governments to stop the further spread of the virus resulted in brutally affecting the economic activities and halted manufacturing operations. However, several countries are showing signs of improvement after relaxation in the mobility and economic activities are taking their normal course of action. Therefore, the increasing logistics operations and growing buying power of end-use sectors will augment the market demand.
Some of the major manufacturers of thermal transfer ribbon include LEONHARD KURZ Stiftung & Co. KG, ARMOR SAS, CALOR GmbH, Cavalier Labels Ltd., Tanto UK Ltd., Todaytec UK Ltd, ALTech UK Labelling Technologies Ltd., Ricoh Industrie France SAS, EURO Srl, DNP Imagingcomm Europe Corporation, International Imaging Materials, Inc., Advanced Labelling Systems Ltd., and Union Chemicar UK Ltd.
The European 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 2015 to 2026 for the following segments:
Europe Market, By Print Head
Europe Market, By Product
- Resin Ribbon
- Wax-Resin Ribbon
- Wax Ribbon
Europe Market, By Application
- Desktop printer
- Mobile printer
- Industrial printer
Europe Market, By End-user
- Entertainment & hospitality
- Logistics & Transportation
The above information has been provided for the following countries:
- Rest of Europe