As cited by the research report titled ‘Europe Thermal Transfer Ribbon Market Size By Application, By Print Head, By Product, By End-user Industry Analysis Report, Price Trends, Competitive Market Share, Growth Potential & Forecast, 2021 – 2027’, available with Market Study Report, Europe thermal transfer ribbon market is anticipated to accumulate USD 520 million between 2021 and 2027.
 

Rising activities in the logistics & transportation industry, coupled with variety of applications of the product in various sectors are the major factors driving Europe thermal transfer ribbon industry growth.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3736377/
 

For the record, thermal transfer ribbons are made up of polyester films with different coating layers. The process applying melted coating material on paper. This type of printing is done on surfaces with higher risk of receiving thermal damage as it provided highly durable printing.
 

Based on product type, Europe thermal transfer ribbon industry is segmented into resin ribbon, wax ribbon, and wax-resin ribbon. Among these, wax-resin ribbon segment is poised to showcase impressive growth patterns in the coming years, due to high print durability, even in adverse weather conditions. 
 

As cited in the report, wax ribbon segment is likely to display lucrative growth trends over the forecast duration, on account of superior wax ratio with high abrasion resistance rate and ability to produce fine-quality prints, along with widespread applications including printing tags & labels, carton labeling, shipping labels, and general use labels.
 

Speaking of application scope, the marketplace is divided into mobile printer, desktop printer, and industrial printer. Among these, industrial printer segment is expected to witness substantial growth during 2021-2027, on account of multi-functional features leading to extensive use in several industries.
 

Moving on, flat printhead technology segment is poised to gain traction during the study period, as it is more user-friendly as compared to the counterparts, and is compatible with all types of thermal printing ribbons.  
 

Considering end user spectrum, Europe thermal transfer ribbon industry space is categorized into manufacturing, retail, healthcare, logistics & transportation, entertainment & hospitality, and others. The logistics & transportation sector holds a significant market share currently, owing to increased use of advanced technologies by the prominent players to offer innovative logistics solutions to the end users.
 

Elaborating on the competitive landscape, Union Chemicar UK Ltd., Advanced Labelling Systems Ltd., International Imaging Materials Inc., DNP Imagingcomm Europe B.V., EURO srl, Ricoh Industrie France S.A.S., ALTech UK Labelling Technologies Ltd., Todaytec UK Ltd., Tanto UK Ltd., Cavalier Labels Ltd., Calor GmbH, Armor SAS, and Leonhard Kurz Stiftung & Co. KG are the prominent players influencing the Europe thermal transfer ribbon industry dynamics.