Direct Thermal Labels Market: Industry Analysis, Emerging Technologies, Future Growth, Business Prospects and Global Forecast to 2027

Research Reports

Mar 09, 2022

Market Overview

Direct Thermal Labels Market generated revenue of 4.02 Billion during the historic forecast period and is expected to grow at a CAGR of about 4% during the forecast period. A thermal label is a chemically treated roll with an image on the base created by heat. The mentioned heat-sensitive labels are printed without the use of a ribbon. Thermal labels are less expensive, have a shorter life period, and the picture fades over time as a result of exposure to light. It has provided a comprehensive assessment of the worldwide market and will continue to evolve the market during the projection period. The employment of direct thermal labelling in everyday circumstances is extremely popular. The Direct thermal label outlasts and outperforms a standard printer paper sheet in terms of endurance and quality. Many small-scale enterprises in various areas are experiencing strong demand, which is fueling the global direct thermal labels market, which is likely to continue to develop throughout the forecast period.

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The global market is being driven by the growing use of thermal labels in various applications. The expanding use of Radio-Frequency Identification (RFID) tags, one of the fastest-growing technologies in the healthcare business, is a positive element in the industry and market growth of Direct Thermal Labels.

The pandemic COVID-19 situation has shaken the foundations of the marketplace. During the corona period, the majority of manufacturers were impacted. Because of the lockout, the global economy and supply-chain market have been broken. The lack of resources and raw materials has harmed production, with the end-users bearing the brunt of the consequences. The pandemic’s onset has dramatically reduced market share.

Direct Thermal Labels Market

Market Segmentation

Based on the product type, the market has been segmented as paper, plastic, and polyester.

Based on the application, the market has been segmented as Food & Beverages, Pharmaceuticals, Personal Care, Retail and Others.

Based on the region, the market has been segmented as North America, Europe, Asia Pacific (APAC), Rest of the World (ROW), Latin America and the Middle East and Africa.

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Regional Classification

The developing countries such as North America and Europe have already established a large sector and are producing profitable market shares. The Direct Thermal Labels Market is primarily driven by Western Europe and North America. The developed countries’ significant presence and leading firms in the pharmaceutical and other sectors generate high income as well.

The Asia-Pacific except for Japan (APEJ) region continues to lead the global Direct Thermal Labels Market, accounting for around 30% of total demand for lineless labels. Other regions’ booming food and beverage consumption, as well as their logistic businesses, are adding to the overall increase. China and India are also significant income contributors to the market.

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Industry News

Market studies, financial accounts, and product developments determine the market players. The criteria are the business overview and financial information, as well as meeting the client’s requirements. Many prominent players in the Direct Thermal Labels market have influenced market trends and are making contributions in their respective fields. Some of the market players are Brady Corporation, Label makers Group Pvt. Ltd., A & S Labels Pvt. Ltd., Blanco Inc., Müroll GmbH, Consolidated Label Co., 3M Company, AM Labels Ltd, Constantia Flexibles GmbH, Premier Label Company Inc., Resource Label Group, Hub Labels, Technicode, Inc., and Avery Dennison Corporation, etc.

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