Direct Thermal Labels Market Is Expected To Grow At A CAGR Of 4% By 2023
Aug 30, 2017
Global Direct Thermal Labels Market Information Report by Face stock Material (Paper and Plastic), by Application (Food & Beverages, Pharmaceuticals, Personal Care, Retail and Others) and By Region - Forecast To 2023
Pune, India - August 30, 2017 /MarketersMedia/ —
Market Highlights
Direct thermal labels are chemically treated, heat sensitive labels that print without the use of a ribbon. These labels are cost effective. In these labels do not require ink, toner or transfer ribbon, which makes it comparatively cheap for end users. Growing retail & logistic sector across the globe, is driving the growth of the market. Additionally, adoption of direct thermal labels in pharmaceutical sector, also drive the growth of the market. However, less durability of direct thermal labels is a major factor that may hamper the growth of global direct thermal labels market.
Direct thermal labels market is projected to grow at a CAGR of 4% during the forecast period.
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Key Players of Direct Thermal Labels Market:
• Technicode, Inc. (Michigan)
• Avery Dennison Corporation (U.S.)
• 3M Company (U.S.)
• NPI (U.S.)
• AM Labels Ltd (UK)
• Resource Label Group (US)
• Thermal Label Warehouse LLC (U.S.)
• Brady Corporation (U.S.)
• Consolidated Label Co (U.S.)
• Labelmakers Group Pty Ltd (Australia)
Market Research Analysis
On the basis of face stock materials, the market is segmented as paper and plastic. Direct thermal paper labels are affordable and appropriate for general-purpose labeling applications. On the other hand, different types of plastic such as polyethylene (PE), polyethylene terephthalate (PET), and polyvinyl chloride (PVC), are used in face stock. These synthetic direct thermal labels offer better durability, longer-lasting print and resistance to abrasion, moisture, and chemicals. Plastic is expected to contribute significantly during the forecast period.
On the basis of applications, the market is segmented as food & beverages, pharmaceutical, personal care, retail and others. Food & Beverages dominates the application segment of the market. Growing demand of processed and packaged food across the globe, is driving the demand of the market. The retail sector is projected to register the highest growth rate during the forecast period.
Scope of the Report
This study provides an overview of the global direct thermal labels market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global direct thermal labels market by its product type, application and region.
By Face Stock Material
• Paper
• Plastic
By Application
• Food & Beverages
• Pharmaceuticals
• Personal Care
• Retail
• Others
By Region
• North America
• Asia-Pacific
• Europe
• Rest of the World
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Contact Info:
Name: Akash Anand
Organization: Market Research Future
Address: Hadapsar, Pune
Phone: +1 646 845 9312
Source URL: https://marketersmedia.com/direct-thermal-labels-market-is-expected-to-grow-at-a-cagr-of-4-by-2023/232685
For more information, please visit https://www.marketresearchfuture.com/reports/direct-thermal-labels-market-4093
Source: MarketersMedia
Release ID: 232685
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