According to the research report titled ‘Asia Pacific Thermal Transfer Ribbon Market Size By End-user, By Application, By Product, By Print head, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027’, available with Market Study Report, Asia Pacific thermal transfer ribbon market is expected to surpass a valuation of USD 301 million by the year 2027.
 

Flourishing logistics and transportation sectors is one of the key factors driving the growth of Asia Pacific thermal transfer ribbon market. For those unaware, thermal transfer ribbons are produced by adding numerous layers to a single polymer film. The product is widely adopted in retail, healthcare, healthcare, and logistics as well as transportation verticals.
 

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Thermal transfer ribbons are using for printing barcodes and labels on garments. Since they play a key role in various business applications, rapid industrialization and urbanization are stimulating the overall industry outlook.
 

Although the COVID-19 outbreak had resulted in severe monetary repercussions for majority of the market majors, easing lockdown restrictions and reopening of borders could potentially provide the much needed revenue boost to these companies.
 

As per print head, the report states that the flat segment is likely to account for the largest share in Asia Pacific thermal transfer ribbon market in the ensuing years. Flathead printers offer high versatility and is relatively cost-effective as compared to its counterpart. It is not only easy to use but also can be employed for producing resin ribbons, wax-resin ribbons, and wax ribbons.
 

Based on the product landscape, Asia Pacific thermal transfer ribbon industry from wax ribbon segment is predicted to expand significantly during the study duration. The product is known to offer robust abrasion resistance as well as can print high quality labels.
 

Wax ribbons also tend provide higher printing speed in low thermal energy, thus making them significantly efficient. These beneficial attributes have augmented their use in general labelling, carbon labelling, and printing tags, thereby fueling the segmental share.
 

Elaborating on the application reach, it is the industrial printers that are deemed to generate lucrative revenues for this business space. Print labels are already known to survive extreme environmental conditions. Apart from this, they offer high quality design and durability that too in less amount of time.
 

Asia Pacific thermal transfer ribbon industry share from logistics & transportation end-user segment is likely to grow substantially during the study period. Rapid expansion of the e-commerce sector, increasing manufacturing activities, and technological breakthroughs are paving the way towards the market growth.
 

The competitive landscape of this business space is defined by companies such as International Imaging Materials Inc., Austab Labels, Fuji Kagakushi Kogyo Co. Ltd., Union Chemicar Co. Ltd., Dai Nippon Printing Co. Ltd., SKH Lables & Machinery, Rachna Overseas Pvt. Ltd., Shenzhen ASTA Co. Ltd., Hangzhou coditeck Digital Co. Ltd., and ARMOR among others.