Labels are a necessary accessory for the packaging domain across all major industries. Thermal labels are used in major industries such as food and beverage, pharmaceuticals, electrical and electronics, retails and industrial. Thermal labels when applied through a mode of applications heat the paper, causing it to turn black & creating an image of the bar code.
Thermal labels have a wide range of applications such as used as markings for receipts, bills and many more. The major usage of the thermal label market solely depends upon the food and beverage industry as they provide an easy solution for trade.
With packaging industry moving to new heights for transfer of products between distributors and manufacturers, transport and logistics will have a surge of income inflow into this sector which is definitely a positive outcome for the thermal labels market as with the flow of economy will increase the usage of thermal labels over packages and detail oriented work. This will increase the demand of thermal labels market in the forecasted period.
What Drives the Market Growth for the Thermal Labels?
Thermal labels market has seen enormous growth in the last few years, majorly due to an increase in the use of thermal labels in the food and beverage industry. The steady growth of the food and beverage industry will be one of the main drivers that increases the sales in the forecasted period.
Thermal labels are economical as there is no requirement of ink or toner for application, which drives the global market for thermal labels. The low cost of thermal printers in developing markets of India, Brazil has been anticipated to create more opportunities for thermal labels manufacturer to expand in APAC and Latin America regions.
More end-use applications have caused a shift from traditional labelling methods towards thermal labels as they are economical. E-commerce in emerging economies is also one of the factors that contribute to the growth of the thermal labels market in the forecast period.
What Hampers the Growth of the Thermal Labels Market?
One of the major drawbacks of the thermal labels market is the integrity of the label, as we know that thermal labels are not durable and lose the contents over time. When exposed to harsh outdoor conditions thermal labels lose durability over time. Hence it is one of the major fall-backs of the thermal labels market.
How will Personal Care Product Arise to Became an Opportunity for Thermal Labels Market?
With the increase in awareness among general public in respect to self-care routine, more people have indulged in consumption of personal care products which will continue to rise in the future, this will have direct impact on the rise in sales for thermal labels as these labels predominantly used on personal care products for product information.
- Honeywell International Inc.
- Coveris Holdings S.A.
- Constantia Flexibles Group GmbH
- A & S Labels Pvt. Ltd.
- Premier Label Company Inc.
- 3M Company
- Labelmakers Group Pty Ltd.
- Weifang Xinxing Label Products Co. Ltd.
- JK Labels India
- Peacock Bros. Ltd.
- QLM Label Makers
- Austab Labels.
What strategies are Adopted by Key Players for Increasing their Market Share in the Thermal Labels Market?
Key Strategies adopted by key players are: -
- In 2019, Brother Mobile Solutions Inc. has launched an advanced version of the thermal transfer printer named TD-4 printer. The printer is designed in such a manner that it produces clear thermal labels for a particular duration of time and remain long lasted. Many companies are using this printer for better results.
Why will the India Generate High Demand for Thermal Labels Market?
India is an emerging economy and high availability of disposable income among middle-class households. The rise in the food and beverage industry in the has a positive impact on the sales of the thermal labels market used in food packaging and billing systems across the forecasted period. Another major feat that has subsequently increased the demand for the thermal labels market is the increased transportation and logistical needs of the country which rises the sales for the thermal labels market.
A large surge among personal care products and cosmetics has been seen in the nation for the last few decades which is bound to increase in the coming years as more and more public is getting engaged with self-care routines, this will boost the sales of thermal labels market in the upcoming future.
How has COVID-19 Impacted the Growth of the Thermal Labels Market?
COVID-19 pandemic has positively impacted the thermal label market as the food and beverage, consumer services have increased the consumption rate in the forecast period, there will be a direct effect on the thermal labels market which will further fuel the demand for the market.
The transportation and logistical end-use industry has been fully impacted by e-commerce and will continue to increase the market demand for the thermal labels market. These reasons will directly impact the consumption of thermal labels in various end-use industries and directly effects the market.
Key Segments of Thermal Labels Market Covered in the Report
By Substrate Material:
- Non Top-Coated
By End-use Industry:
- Food and Beverages
- Personal care and Cosmetics
- North America
- Latin America
- South Asia
- East Asia
- The Middle East and Africa
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