Direct Thermal Labels Market Overview
Direct thermal labels are heat sensitive and chemically treated labels that can be printed without the need of a ribbon. These thermal labels are highly affordable and efficient in nature. The labels do not require any toner, ink, or transfer ribbon, which makes it strikingly cheaper for the end-users. The global direct thermal labels market is expected to grow during the forecast period of 2017 to 2023 at a compound annual rate of 4%.
The booming retail and logistics sector is primarily driving the growth of the global market. Add to this, the adoption and integration of direct thermal labels in the pharmaceutical industry is also pushing the demand for the market. However, at the same time, the lack of durability of direct thermal labels can be a major constraining factor to the growth of the global market.
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The global direct thermal labels market includes a host of key players. These include names such as
- NPI (U.S.)
- Technicode, Inc. (Michigan)
- 3M Company (U.S.)
- Avery Dennison Corporation (U.S.)
- Thermal Label Warehouse LLC (U.S.)
- Resource Label Group (US)
- AM Labels Ltd (UK)
- Labelmakers Group Pty Ltd (Australia)
- Brady Corporation (U.S.)
- Consolidated Label Co (U.S.) and others.
The players are bringing forward innovative solutions and investing in research and development activities to strengthen their global market positioning and to edge past their immediate competitors. This is, subsequently, driving the overall growth and expansion of the direct thermal labels market.
On June 6th, 2019, Evonik Tego RC Silicones announced the launch of two products, namely Tego RC 1904 and Evonik Tego RC 730. These products allow the customers to curb down costs and develop much more sustainable label solutions.
The direct thermal labels market segmentation is done on the basis of application and face stock materials.
By face stock materials, the market segments into paper and plastic. Paper labels are cost-effective and are highly appropriate for general-purpose labelling applications. Whereas, under the latter segment, the different types of plastics used are polyethylene terephthalate (PET), polyethylene (PE), and polyvinyl chloride (PVC). These direct thermal plastic labels offer superior durability, resistance to abrasion, chemicals, and moisture, and long-lasting print. The plastic segment is expected to hold a significant share in the global market during the forecast period.
By application, the market includes pharmaceutical, food & beverages, personal care, retail, and others. The food & beverages segment leads the market with the highest share and is expected to dominate the direct thermal labels market in the coming years. The increasing demand for processed and packaged food is a key driver aiding the growth of the food & beverages segment. However, the retail sector is expected to garner the highest growth rate during the forecast period.
The global direct thermal labels market is geographically segmented into the following key regions: Europe, North America, Asia Pacific, and the Rest of the World (RoW).
The Asia Pacific region stands out as the leader in the global direct thermal labels market and is expected to continue its dominance in the forthcoming years. The region is positioned to be the fastest-growing market during the forecast period. The fast-paced growth in the ecommerce and transportation industries is driving significant growth in the regional market. The increasing number of organized retail facilities in Asia Pacific have majorly boosted the scope of warehousing solutions, thereby increasing the demand for direct thermal labels.
Elsewhere, the North America region holds a significant hand in the global direct thermal labels market. The region is expected to gain massive growth over the forecast period and expand its market size in the global landscape. The European region is also expected to witness significant growth during the forecast period and cement its position in the global scenario as a key geographical market. Lastly, the Rest of the World regional segment, comprising Latin America and the Middle East & Africa, is expected to grow in the coming years at a relatively slow pace.
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Table Of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Direct Thermal Labels Market, By Face Stock Material
LIST OF TABLES
TABLE 1 GLOBAL DIRECT THERMAL LABELS MARKET, BY FACE STOCK MATERIAL
TABLE 2 GLOBAL DIRECT THERMAL LABELS MARKET, BY APPLICATION
TABLE 3 GLOBAL DIRECT THERMAL LABELS MARKET, BY REGIONS
TABLE 4 NORTH AMERICA DIRECT THERMAL LABELS MARKET, BY COUNTRY
TABLE 5 NORTH AMERICA DIRECT THERMAL LABELS MARKET, BY FACE STOCK MATERIAL
TABLE 6 NORTH AMERICA DIRECT THERMAL LABELS MARKET, BY APPLICATION
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