Global Direct Thermal Labels Market Overview:
Direct thermal materials have a chemical layer applied to a paper or synthetic base that is activated by heat. When the label is printed through a direct thermal printer the small elements on the printer heat up and activate parts of the chemical layer to create the image required. Direct Thermal labels are used for printing on-demand barcodes, inserts, tags, or shipping and warehouse. They are widely adopted across industries such as healthcare, food & beverage, trading, logistics & transportation, manufacturing, industrial goods & products, semiconductor & electronics, and retail labels.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Demand for Eco-Friendly Labeling Due to Less Waste Disposal
Market Growth Drivers:
Rising Growth of the E-Commerce Sector Creating High Demand for Direct Thermal Labels
Challenges:
High Shortage of Direct Thermal Labels by DiffIndustry Verticals
Restraints:
Durability and Fluctuation of Raw Material Prices of Direct Thermal Labels
Opportunities:
Increasing Initiatives Taken by the Government to Reduce Carbon Emissions and Raise Research and Development Technology
Competitive Landscape:
Direct Thermal Labels is a fragmented market due to the presence of a large number of established competitors. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge.
Some of the key players profiled in the report are Adazon (United States), Barspell (India), JK Labels (India), Swash Papertech Pvt. Ltd (India), Best Barcode System Pvt. Ltd (India), Technicode Inc. (United States), Avery Dennison Corporation (United States), 3M Company (United States), AM Labels (United Kingdom) and Resource Label Group (United States). Considering Market by Types, the sub-segment i.e. Fanfold will boost the Direct Thermal Labels market. Considering Market by Technology, the sub-segment i.e. Desktop will boost the Direct Thermal Labels market. Considering Market by Material, the sub-segment i.e. Direct Thermal Piggyback Paper will boost the Direct Thermal Labels market. Considering Market by Adhesive, the sub-segment i.e. Permanent will boost the Direct Thermal Labels market.
Latest Market Insights:
In April 2023, OMNI System, one of America's leading thermal label printing companies, acquired ITW Labels, a company with 110 years of history and operations in St. Charles, Missouri. Gardner, Kansas; Bogart, Georgia. This combination enabled to serve a wide range of label printing needs for our commercial customers, including many of the world's best-known brands.
In September 2022, Avery Dennison Labels and Packaging launched a direct thermal (DT) linerless label platform for variable information labels used in e-commerce, food delivery and pickup, quick-service restaurants, scales, and transportation and logistics applications.
What Can be Explored with the Direct Thermal Labels Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Direct Thermal Labels Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Direct Thermal Labels
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Direct Thermal Labels market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Direct Thermal Labels market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Direct Thermal Labels Manufacturer, Retailers & Distributors, Government Bodies, E-Commerce Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.