Market Highlights
Direct thermal labels Market are chemically treated, heat sensitive labels that print without the use of a ribbon. These labels are cost effective. In these labels do not require ink, toner or transfer ribbon, which makes it comparatively cheap for end users. Growing retail & logistic sector across the globe, is driving the growth of the market. Additionally, adoption of direct thermal labels in pharmaceutical sector, also drive the growth of the market. However, less durability of direct thermal labels is a major factor that may hamper the growth of global direct thermal labels market.
Direct thermal labels market is projected to grow at a CAGR of 4% during the forecast period.
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Market Research Analysis
On the basis of face stock materials, the market is segmented as paper and plastic. Direct thermal paper labels are affordable and appropriate for general-purpose labeling applications. On the other hand, different types of plastic such as polyethylene (PE), polyethylene terephthalate (PET), and polyvinyl chloride (PVC), are used in face stock. These synthetic direct thermal labels offer better durability, longer-lasting print and resistance to abrasion, moisture, and chemicals. Plastic is expected to contribute significantly during the forecast period.
On the basis of applications, the market is segmented as food & beverages, pharmaceutical, personal care, retail and others. Food & Beverages dominates the application segment of the market. Growing demand of processed and packaged food across the globe, is driving the demand of the market. The retail sector is projected to register the highest growth rate during the forecast period.
Scope of the Report
This study provides an overview of the global direct thermal labels market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global direct thermal labels market by its product type, application and region.
Global Direct Thermal Labels Market – Segments
The market is segmented into product/ face stock material, application, and regions. The face stock material segment is sub-segmented into paper, plastic, and polyester. The application segment is sub-segmented into food & beverages, pharmaceuticals, personal care, retail, and others. The segment is further estimated to register the highest CAGR during the forecast period.
Direct Thermal Labels Market – Regional Analysis
North America and Europe are leaders in the global direct thermal labels market. These countries have already set up a wide industry, generating profitable shares in the global market. The high demand for packaged foods & beverages and the burgeoning pharmaceutical industry encourages the uptake of direct thermal labels.
Besides, increasing uses of direct thermal labels in various other applications substantiate the market growth in these regions. Moreover, the strong presence of leading manufacturers and pharmaceutical sectors in these regions helps this market to earn high revenues.
The APAC region too holds a sizable share in the global direct thermal labels market. Growing industrial activities is a major reason for the growth of the market. Besides, flourishing demands from food and beverages and logistic industries in this region contribute to the overall market growth.
Countries like Japan, South Korea, China and India are major contributors to the market revenues. Furthermore, increasing economic growth and purchasing power of the consumers and changing lifestyles create enormous opportunities in the regional market.
Direct Thermal Labels Market – Competitive Analysis
Highly competitive, the direct thermal labels market appears to be fragmented due to the presence of numerous large and small-scale players. Key strategic initiatives traced from the recent market developments include agreement & partnership, product launch, acquisition, and expansion. Companies invest substantially for innovations, new product development, and expanding their global footprints.
Major Players:
Players leading the global direct thermal labels market include Label makers Group Pty Ltd., Blanco Inc., 3M Company, AM Labels Ltd., Brady Corporation, Constantia Flexibles GmbH, Labelmakers Group Pty Ltd., Müroll GmbH, Consolidated Label Co., Resource Label Group, Hub Labels, Premier Label Company Inc., Thermal Label Warehouse LLC, A & S Labels Pvt Ltd., Technicode, Inc., and Avery Dennison Corporation, among others.
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Industry/ Innovation/ Related News:
Apr 01, 2021 ---- MAXStick Products (the US), a supplier of direct thermal, liner-free, and removable adhesive labels launched PlusD Colors, direct thermal liner-free labels with a patented Diamond Pattern adhesive. MAXStick liner-free label is an environmentally friendly labeling technology that is recyclable, silicone-free, and bisphenol-free (BP-free).
Featuring a patented, removable, and repositionable adhesive, these new labels allow maximum adhesion to a wide variety of food packaging materials and surfaces without leaving residue behind. Additional benefits of the new range include highlighting special orders containing or omit allergens, food prepared according to strict religious practices, or color coding for product delivery.
Read more related insights:
https://www.marketwatch.com/press-release/direct-thermal-labels-market-2021-review-in-depth-analysis-research-growth-deployment-latest-innovations-creation-and-gross-margin-study-with-forecasts-to-2027-2021-08-18?siteid=bigcharts&dist=bigcharts&tesla=y https://www.yumpu.com/en/document/view/60518600/direct-thermal-labels-market-research-report-global-forecast-to-2023 https://issuu.com/www.marketresearchfuture.com/docs/direct_20thermal_20labels_20market_20trends https://technologyinsights862381414.wordpress.com/2021/03/25/direct-thermal-labels-market-size-2021-demand-future-estimations-competitive-landscape-business-revenue-forecast-and-statistics/ https://articlerockstars.com/direct-thermal-printer-labels-market-expected-to-garner-a-cagr-of-4-till-2023/ https://www.nainitalnewsflash.in/story/72949/direct-thermal-labels-market-2019-global-size-demand-trends-analysis-share-leaders-current-status-by-major-key-vendors-future-scope-market-risk-dynamics-and-regional-forecast-to-2023.html About Market Research Future:
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