The global thermal transfer roll market is projected to have a moderate-paced CAGR of 7.5% during the forecast period. The current valuation of the market is US$ 2 Billion in 2022. The market value of the cloud collaboration market is anticipated to reach a high of US$ 4.12 Billion by the year 2032. A historical market valuation of US$ 1.86 Billion has been recorded in the analysis conducted by Future Market Insights.
| Report Attribute | Details |
|---|---|
| Thermal Transfer Roll Market Value (2022) | US$ 2 Billion |
| Thermal Transfer Roll Market Anticipated Value (2032) | US$ 4.12 Billion |
| Thermal Transfer Roll Market Projected Growth Rate (2022 to 2032) | 7.5% |
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It is identified that the thermal transfer rolls market has been witnessing an unprecedented surge in recent years. There has been an approximate rise of 0.14 Billion from the base year to the current. The high demand for thermal transfer rolls across the globe can be attributed to the spike in need for innovative packaging solutions.
The retail sector is witnessed to proliferate robustly, owing to the consistent growth of the population. This is leading to propelling urbanization and boosting the sales of thermal transfer rolls through the forecast period. FMI has analyzed that the economic landscape across developing countries like the U.S. and Canada is having a significant transformation in consumer buying behavior. This has led to the creation of new growth prospects for the retail industry, which is reshaping the market dynamics for thermal transfer rolls in 2022.
Although the market is projected to have healthy growth, it is reckoned that the prevalence and high availability of more durable and affordable alternatives are likely to deter the growth of the thermal transfer roll market in the long run. Additionally, stringent regulations formulated by the government across emerging economies are anticipated to impede the growth of the industry through 2032.
Due to the existence of numerous international and regional companies, the market for thermal transfer rolls is very competitive. To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world. Therefore, the market is projected to register significant growth through the forecast period.
It is identified that the U.S. is likely to hold significant shares in the market, owing to the rapid surge in the packaging sector across the country. There is a high demand for product demand for label printing and barcode, which is expected to boost the demand for thermal transfer rolls further. Therefore, it is expected that the thermal transfer roll market is likely to witness significant growth through the forecast period.
Thermal transfer roll changes colour when exposed to sunlight as it is chemically coated paper used for labelling food & beverage and pharmaceutical products. The global thermal transfer roll market is expected to grow at significantly high growth rate, attributed to high demand for thermal transfer roll in North America region, which contributes around more than quarter part of the global thermal transfer roll market.
The key factor driving the thermal transfer roll market are comparatively high durability of thermal transfer roll over other printing type, growing food industry, and macroeconomic factors such as rising disposable income, growing population, etc. The availability of a wide range of innovative packaging solutions is likely to have a significant influence on the demand for thermal transfer roll market during the forecast period.
The major factor restraining the thermal transfer roll market is the cost of labelling which will result in increase in price of final packaging. The factor trending the thermal transfer roll market is consumer demand for demand for innovative labelling, etc. The companies of thermal transfer roll market have significant opportunity in regions such as Asia Pacific, Middle East Africa, and Latin America as these regions have relatively high growth rate over the forecast.
Principal Consultant
The global market for thermal transfer roll market witnessed fast growth in last few years. Thermal transfer roll market has the success in commodity driven categories, high-purchase, and also where the consumers perceive slight differentiation. Therefore, the value share of thermal transfer roll in developed economies, such as North America and Europe is high compare to the other regions and is expected to maintain its dominance over the forecast period. In terms of volume, Asia-Pacific thermal transfer roll market has relatively high market share over the forecast period.
Whereas, Latin America and Middle East Africa is expected to have significantly high growth rate over the forecast period. The developing economy such as Asia Pacific except Japan, MEA and Latin America are have relatively high market opportunity for thermal transfer roll market if the companies enters in the market with strong promotion and marketing strategies of the product.
Few players of thermal transfer roll market are Electronic Imaging Materials, Inc., Oji Paper, Jujo Thermal and Nakagawa Paper Rolls, WS Packaging Group, Inc., Appvion, Koehler, Online Labels, Inc., Electronic Imaging Materials, Inc., Uline, Labels Direct, Inc., Shaoxing County Jinjing Textile Co., Ltd., Seoul Chemical Company, Dongguan Shengqiang Heat Transfer Products Co., Ltd., American Roller Company, Menges Roller Company, Roll Technology Corporation, and Blanco Labels.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology, and applications.
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The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The market is likely to register a CAGR of 7.5% through 2032.
The market is currently valued at US$ 2 Bn in 2022.
The market is likely to grow to a valuation of US$ 4.12 Bn by 2032
North America is likely to be a leading market during the forecast period.
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Thermal Transfer Roll Market
