North American Thermal Transfer Ribbon Market size is predicted to reach USD 1.73 billion by 2028, according to a latest forecast report by Graphical Research.
The market growth is impelled by the increasing requirement for informative packaging across the industrial ground. The rapidly growing retail and logistics sectors along with the thriving need for RFID and bar codes in entertainment & hospitality, manufacturing, healthcare, and transportation verticals will anchor the market size. In recent years, with the growing development of devices and consumables, a lot of focus has been laid on attaining printing of higher quality and resolution.
Thermal transfer ribbons can be deemed as crucial components of the thermal label printing processes. Most industrial printers and compatible desktops make use of thermal transfer labels and ribbons as they offer high print speed that offers a fast turnaround time for labels and highly durable label text for withstanding extreme conditions when needed. The increasing popularity of wax thermal ribbons in tags & labels, carton & general labeling, shipping labels, retail labels & tags, and print & apply applications will also influence the regional industry growth.
The COVID-19 outbreak took a severe toll on the North American economy given the imposition of government-led nationwide lockdowns to contain the vigorously spreading virus. This made way for the restricted movement of goods as well as trade operations in the region. The demand for thermal transfer ribbons also recorded a severe downfall owing to the reduced demand from a few of the largest end-use industries, like retail and logistics & transportation. However, the emerging investments initiated by governments for reviving the plunged economy may open new growth opportunities for the industry participants in the long run.
The North American thermal transfer ribbon market from resin ribbon segment is expected to generate significant revenue through 2028, due to their increasing requirement in most demanding applications to offer resistance to mechanical stresses, high or low temperature environments, and solvents. Rising utility in barcode printers across laboratories, frozen & hot food packaging, medical devices and electrical components will also drive the market growth.
The North American thermal transfer ribbon market from flat head segment will show tremendous growth till 2028, owing to its growing prominence in standard shipping labels. Flathead printing utilizes black ribbons to print in multiple applications on different kinds of ribbon materials, like wax, wax/resin, and resin. Its increasing preference on account of lower maintenance is another impact rendering factor for the industry growth.
The desktop printer segment will surpass USD 550 million by 2028, attributed to the rising penetration of these printers across various industries. Desktop barcode printers are increasingly used in every type of application, ranging from economical low-volume needs to rugged, and industrial-strength printing. Their increasing popularity in light-duty label, ticket, as well as tag printing applications in numerous configurations to match the needs is also adding to the market demand.
Browse detailed statistical insights from the report, “North America Thermal Transfer Ribbon Market Forecast 2028 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), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The North America TTR market will gain notable proceeds from the retail sector between 2022 and 2028, owing to the rising product sales across the health & beauty, apparel, and footwear sectors. Wax ribbons are highly recommended for coated and uncoated papers and mark a wide presence for shipping & warehouse labels. The growth in e-commerce on account of the rising adoption of mobile devices for purchasing products in the region will also drive the market growth.
U.S. thermal transfer ribbon market will exceed USD 1340 million by 2028, credited to the strong presence of leading printer manufacturers and the higher availability of a large selection of ribbon sizes and formulations. The fast-growing healthcare sector and the rising number of activities in the retail and entertainment & hospitality sectors will further drive the market revenue.
The North American 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 2017 to 2028 for the following segments:
North America Market, By Print Head
North America Market, By Product
- Resin Ribbon
- Wax-Resin Ribbon
- Wax Ribbon
North America Market, By Application
- Desktop printer
- Mobile printer
- Industrial printer
North America Market, By End-user
- Entertainment & hospitality
- Logistics & Transportation
The above information has been provided for the following countries: