As per a new study, the global tacky transfer paper market is projected to grow at a CAGR of 4% to 6% during the upcoming decade 2021 to 2031. Tacky transfer paper is used in textiles, arts & crafts projects. Transfer paper is a thin piece of paper coated with wax and pigment. Normally an ink-jet printer, dot matrix printer or other printer is used to print the image on the transfer paper.
Transfer paper is used in creating iron on's for apparel and other products. Significant growth in customized textile industry & printing technologies, have driven the market demand for printable transfer paper. Also rise in spending by consumer on customized and fashionable apparels is also expected to support the growth of tacky transfer paper market. Despite of high cost, the segment growth is driven by the ability to provide quality design on fabrics.
What is Driving Demand for Tacky Transfer Paper
The growth in the textile industry owing to the increase in the demand from urban fashion trends, changing consumer preferences and growth in Do-It-Yourself (DIY) fashion designing is expected to drive the transfer paper sales in coming years. The transfer papers are expected to gain attraction in near future owing to the lower costs of transfer papers. The high concentration of local manufacturers in developing countries is expected to accelerate the demand for the transfer papers in coming years.
Low cost of development of designs on transfer paper as compared to the designs on textiles is expected to add in the growth of the transfer papers market. The use of transfer papers in the short run productions over the direct printing is expected to set a trend in the market. Transfer paper printing can get time consuming for the large quantity printing which in turn is expected to slightly challenge the market growth of transfer papers in near future.
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Growing textile industry expected to drive the consumption of Tacky Transfer Paper
Tacky transfer paper is generally a thin piece of paper which is coated with pigment and wax. The transfer paper is generally used in order to imprint an image on the fabrics. The introduction of the transfer paper in the market has enabled to provide a variety of designs in the clothing as per the consumer requirements.
With improving economic conditions in all major markets and rising income level, consumers are increasingly spending on fashion items and apparel significantly. The trend is expected to continue with improving economic conditions and expected to influence the demand for custom printed apparels and other products. This represents a positive outlook for related printing equipment and other materials like transfer paper.
Asia-Pacific TTacky Transfer Paper Market outlook
The demand for trendy and stylish apparels and accessories in Asia Pacific is growing at significant rate with rising income level and shifting trends towards fashionable apparels from traditional wears. In addition, custom printed apparels and accessories are also observing considerable demand in all major markets in Asia Pacific which is driving the demand for tacky transfer papers in the region.
Several start-ups manufacturing printed T-shirts and trendy accessories have emerged in countries such as China, India, Japan and Southeast Asia. Immense competition, huge customer base, and demand for innovative and attractive designs on apparels are estimated to pose Asia Pacific as the largest markets for tacky transfer paper.
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North America Tacky Transfer Paper Outlook
North America region is expected to drive the tacky transfer paper market in coming years. The higher adoptability of changing trends of clothing in North America region is expected to be key driving force for the growth of transfer paper sales in the region.
The North America region has a well-established textile industry growing moderately. The moderate growth of textile industry in North America is expected to be well compensated by the huge popularity of DIY applications in the region, which is expected to drive the sales of transfer paper in coming years.
Who are the Key Manufacturers and Suppliers of Tacky Transfer Paper
Some of the leading manufacturers and suppliers of Million ton new material,
Ptpurabarutama
Quad Inc
RR Donnelley & Sons Company
Deluxe Corporation
Miquel y Costas & Miquel
Asia Pulp and Paper
Zhejiang Jinchang Special Paper
V-Replica Sublimation Paper& Alizarin Coating.
Research and Development remains the key strategies while few of the market players are investing 50% of the profits into R&D efforts so as to improve processes and lead innovation. Research has changed the stamp forms of printing to effective & new forms of printing. Improvement in quality of printers, ink, papers have led to growth in printing transfer papers market.
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.
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