Home > Chemicals & Materials > Advanced Materials > Functional Materials > Thermal Transfer Ribbon Market
Thermal Transfer Ribbon Market Size
- Report ID: GMI4915
- Published Date: Nov 2022
- Report Format: PDF
Thermal Transfer Ribbon Market Size
Thermal Transfer Ribbon Market size value exceeded USD 2 billion in 2022 and is projected to expand at over 7.5% CAGR from 2023 to 2032. Proliferating retail sector to augment industry revenues through 2032.
Rapid proliferation of the retail sector across developed regions such as North America due to consistent population growth and the accelerating pace of urbanization may propel the demand for thermal transfer ribbons over the forecast period. The robust economic landscape in economies such as the U.S. and Canada has significantly transformed consumers' buying behavior, creating new growth prospects for the retail industry.
For instance, according to estimations by the U.S. Census Bureau, the total retail sales in the country stood at USD 1,778,625 million in Q2, 2022, adjusted for seasonal variation, not for price change. However, the availability of more affordable and durable alternative printing technologies and stringent printing regulations across several economies is anticipated to impede business growth. The accelerating product demand across the packaging sector may offer an anticipated boost to the thermal transfer ribbon industry
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Thermal Transfer Ribbon Market Size in 2022: | USD 2.30 billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.8 % |
| 2032 Value Projection: | USD 4.80 billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 235 |
| Tables, Charts & Figures: | 303 |
| Segments covered: | Product, Printing Head, Application, End-Use |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Thermal Transfer Ribbon Market Scope
