[299 Pages Report] The global heat transfer paper market garnered a market value of US$ 580.6 Million in 2022 and is expected to accumulate a market value of US$ 871.6 Million by registering a CAGR of 4.2% in the forecast period 2022-2032. Growth of the heat transfer paper market can be attributed to penetration of automation and customization in the heat paper market. The market for heat transfer paper registered a CAGR of 3.1% in the historical period 2016-2021.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2022) | US$ 580.6 Million |
| Anticipated Forecast Value (2032) | US$ 871.6 Million |
| Projected Growth Rate (2022-2032) | 4.2% CAGR |
Heat transfer paper acts as a three-layer coated substrate that releases ink/ colour to transfer the print over the paper, textile or other items. It is widely used in printing applications on clothing and apparel, stationery, consumer goods and other items.
For environmentally challenging applications, where apparel and clothing must withstand sunlight and heat, heat transfer paper are an excellent choice. They have heat and moisture resistance, high adhesiveness, and tear resistance; they also have a soft, flawless finish, excellent printability, high thickness, are waterproof, and are durable.
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The global heat transfer paper market is expected to accumulate US$ 580.6 Million in value by 2022-end. During the forecast period ranging from 2022 to 2032, a CAGR worth 4.2% has been projected for the market. During the 2016-2021 historical period, the industry grew at a value CAGR worth 3.1%.
Growth of the textile/apparel industry is the key contributor to heat transfer paper market. Moreover, technological advancements in printing formats have created simple procedures for firmer prints on apparels. Furthermore, the demand for sustainable heat transfer paper is expected to create lucrative opportunities for the market.
Automation and customization contributing to market growth
Automation in the printing industry is leading to the up-gradation of printers and printing accessories. This is positively impacting the quality of printing. Increasing demand for printed garments with a growing number of online businesses selling customized garments is expected to fuel the demand for heat transfer paper in the global market.
Increasing demand for customized printing and usage of e-commerce is boosting the market for heat transfer paper. 20%-30% increase in printer revenues are observed by the major printer manufactures, this is expected to boost the sales of heat transfer paper.
Environmentally friendly heat transfer paper sales gaining popularity
Increasing demand for inkjet and laser printers is expected to uplift the demand for the heat transfer paper market during the forecast period. Eco-friendly, non-toxic heat transfer papers are expected to take the front seat in growth and shape the market for the product. Sustainable ink with environment-friendly printers is demanded by the customers which allow clear printing of vivid colours on fabrics.
Polypropylene and fumed silica are used in toners used in printers which aren’t good for the environment. Usage of sustainable and eco-friendly ink for the printer is another trend that is having a deep impact on heat transfer papers.
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Heat transfer papers making apparels stiff
Larger printing of apparels is not only expensive but also time consuming. In addition, fading of prints after several washes is a key concern for the textile and heat transfer paper industry. Moreover, stiff nature of prints makes the fabric firm. This, in turn, makes washing of clothes difficult. In certain cases, ironing prints can damage the same, leaving the clothes look untidy. All these factors are restraining the growth of heat transfer paper market.
Product innovations contributing to market growth in North America
According to the International Trade Administration (ITA), and the U.S. Department of Commerce, the U.S. textile and fabric industry is one of the most significant sectors in the country with almost US$ 70 Bn when measured by value. The industry has subsectors like yarns, nonwovens, speciality fabrics, protective apparel and fashion apparel which are responsible for the industry growth. The growing industry in the U.S. is responsible for shaping the heat transfer paper market.
The U.S. is considered to be a key market player in the industry and is expected to shape the product market with product innovation. New-found applications and printing materials are expected to further boost the overall market growth for heat transfer paper. Thus, North America is expected to hold 26% market share for heat transfer paper market in 2022.
Alternative production methods spurring the use of heat transfer papers in Europe
The increasing adoption of thermal paper in Europe in various end-uses such as supplement packaging and labeling and the gaming industry is positively influencing the growth of the heat paper transfer market. In addition, the rising focus on sustainable products in Europe is expected to affect the production and use of thermal paper in the region as manufacturers shift focus towards alternative production methods.
Furthermore, the regulations set by governing bodies in Europe will help in the adoption of eco-friendly coatings such as powder and waterborne in the production of thermal paper. Thus, due to the aforementioned reasons, Europe is expected to possess 20% market share for heat transfer paper market in 2022.
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Customization and inexpensive nature attracting end user industries to use sublimation printing
Changing global printing industry is bringing dynamic revolutions in the sublimation printing marketspace. Growing demand for digital printing and customizations by customers is helping manufacturers to offer a wide-ranging variety of products at lower costs.
Technological advancements in printing machinery and equipment are also helping the sublimation printing to deliver goods in lesser time and bulkier quantities. Thus, by printing, sublimation printing is expected to hold 40% market share for heat transfer paper market.
Key players in the heat transfer paper market are Neenah Coldenhove, Felix Schoeller Group, One Step Papers LLC, Miroglio Group, PG Paper Company, Stahls' Transfer Paper Experts, Neenah performance Materials, Guangzhou Elephant Digital Technology Co. Ltd, Atul Paper Pvt. Ltd., Pudumjee Paper Products, GI Paper Coaters, Paper N Films International among many others.
| Report Attribute | Details |
|---|---|
| Market Value in 2022 | US$ 580.6 Million |
| Market Value in 2032 | US$ 871.6 Million |
| Growth Rate | CAGR of 4.2% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016-2021 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
FMI projects the global heat transfer paper market to expand at a 4.2% value CAGR by 2032.
North America is expected to hold 26% market share for heat transfer paper market in 2022.
Neenah Coldenhove, Felix Schoeller Group, One Step Papers LLC, Miroglio Group, PG Paper Company, Stahls' Transfer Paper Experts, Neenah performance Materials., Guangzhou Elephant Digital Technology Co. Ltd, Atul Paper Pvt. Ltd., Pudumjee Paper Products, GI Paper Coaters, Paper N Films are some prominent heat transfer paper manufacturers.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Heat Transfer Paper Market Analysis 2016-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2016-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Heat Transfer Paper Market Analysis 2016-2021 and Forecast 2022-2032, By Paper 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Paper, 2016-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Paper, 2022-2032 5.3.1. Transparent heat transfer paper 5.3.2. White heat transfer paper 5.4. Y-o-Y Growth Trend Analysis By Paper, 2016-2021 5.5. Absolute $ Opportunity Analysis By Paper, 2022-2032 6. Global Heat Transfer Paper Market Analysis 2016-2021 and Forecast 2022-2032, By Printing 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Printing, 2016-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Printing, 2022-2032 6.3.1. Inkjet 6.3.2. Laser 6.3.3. Sublimation 6.4. Y-o-Y Growth Trend Analysis By Printing, 2016-2021 6.5. Absolute $ Opportunity Analysis By Printing, 2022-2032 7. Global Heat Transfer Paper Market Analysis 2016-2021 and Forecast 2022-2032, By Ink 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Ink, 2016-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Ink, 2022-2032 7.3.1. Sublimation ink 7.3.2. Dye-based ink 7.4. Y-o-Y Growth Trend Analysis By Ink, 2016-2021 7.5. Absolute $ Opportunity Analysis By Ink, 2022-2032 8. Global Heat Transfer Paper Market Analysis 2016-2021 and Forecast 2022-2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2016-2021 8.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Heat Transfer Paper Market Analysis 2016-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2016-2021 9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Paper 9.2.3. By Printing 9.2.4. By Ink 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Paper 9.3.3. By Printing 9.3.4. By Ink 9.4. Key Takeaways 10. Latin America Heat Transfer Paper Market Analysis 2016-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2016-2021 10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Paper 10.2.3. By Printing 10.2.4. By Ink 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Paper 10.3.3. By Printing 10.3.4. By Ink 10.4. Key Takeaways 11. Europe Heat Transfer Paper Market Analysis 2016-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2016-2021 11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. U.K. 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Paper 11.2.3. By Printing 11.2.4. By Ink 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Paper 11.3.3. By Printing 11.3.4. By Ink 11.4. Key Takeaways 12. Asia Pacific Heat Transfer Paper Market Analysis 2016-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2016-2021 12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Malaysia 12.2.1.5. Singapore 12.2.1.6. Australia 12.2.1.7. New Zealand 12.2.1.8. Rest of APAC 12.2.2. By Paper 12.2.3. By Printing 12.2.4. By Ink 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Paper 12.3.3. By Printing 12.3.4. By Ink 12.4. Key Takeaways 13. MEA Heat Transfer Paper Market Analysis 2016-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2016-2021 13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of MEA 13.2.2. By Paper 13.2.3. By Printing 13.2.4. By Ink 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Paper 13.3.3. By Printing 13.3.4. By Ink 13.4. Key Takeaways 14. Key Countries Heat Transfer Paper Market Analysis 14.1. U.S. 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2021 14.1.2.1. By Paper 14.1.2.2. By Printing 14.1.2.3. By Ink 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2021 14.2.2.1. By Paper 14.2.2.2. By Printing 14.2.2.3. By Ink 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2021 14.3.2.1. By Paper 14.3.2.2. By Printing 14.3.2.3. By Ink 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2021 14.4.2.1. By Paper 14.4.2.2. By Printing 14.4.2.3. By Ink 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2021 14.5.2.1. By Paper 14.5.2.2. By Printing 14.5.2.3. By Ink 14.6. U.K. 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2021 14.6.2.1. By Paper 14.6.2.2. By Printing 14.6.2.3. By Ink 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2021 14.7.2.1. By Paper 14.7.2.2. By Printing 14.7.2.3. By Ink 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2021 14.8.2.1. By Paper 14.8.2.2. By Printing 14.8.2.3. By Ink 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2021 14.9.2.1. By Paper 14.9.2.2. By Printing 14.9.2.3. By Ink 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2021 14.10.2.1. By Paper 14.10.2.2. By Printing 14.10.2.3. By Ink 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2021 14.11.2.1. By Paper 14.11.2.2. By Printing 14.11.2.3. By Ink 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2021 14.12.2.1. By Paper 14.12.2.2. By Printing 14.12.2.3. By Ink 14.13. Malaysia 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2021 14.13.2.1. By Paper 14.13.2.2. By Printing 14.13.2.3. By Ink 14.14. Singapore 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2021 14.14.2.1. By Paper 14.14.2.2. By Printing 14.14.2.3. By Ink 14.15. Australia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2021 14.15.2.1. By Paper 14.15.2.2. By Printing 14.15.2.3. By Ink 14.16. New Zealand 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2021 14.16.2.1. By Paper 14.16.2.2. By Printing 14.16.2.3. By Ink 14.17. GCC Countries 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2021 14.17.2.1. By Paper 14.17.2.2. By Printing 14.17.2.3. By Ink 14.18. South Africa 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2021 14.18.2.1. By Paper 14.18.2.2. By Printing 14.18.2.3. By Ink 14.19. Israel 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2021 14.19.2.1. By Paper 14.19.2.2. By Printing 14.19.2.3. By Ink 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Paper 15.3.3. By Printing 15.3.4. By Ink 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Neenah Coldenhove 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Felix Schoeller Group 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. One Step Papers LLC 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Miroglio Group 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. PG Paper Company 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Stahls 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Neenah performance Materials 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. Guangzhou Elephant Digital Technology Co. Ltd 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. Atul Paper Pvt. Ltd. 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. Pudumjee Paper Products 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 16.1.11. GI Paper Coaters 16.1.11.1. Overview 16.1.11.2. Product Portfolio 16.1.11.3. Profitability by Market Segments 16.1.11.4. Sales Footprint 16.1.11.5. Strategy Overview 16.1.11.5.1. Marketing Strategy 16.1.11.5.2. Product Strategy 16.1.11.5.3. Channel Strategy 16.1.12. Texprints 16.1.12.1. Overview 16.1.12.2. Product Portfolio 16.1.12.3. Profitability by Market Segments 16.1.12.4. Sales Footprint 16.1.12.5. Strategy Overview 16.1.12.5.1. Marketing Strategy 16.1.12.5.2. Product Strategy 16.1.12.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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Heat Transfer Paper Market
