Thermal Transfer Label Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to thermal transfer label market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Thermal Transfer Label Market News

in Thermal Transfer Label Market
  • In October 2024, Avery Dennison grew its AD TexTrace™ portfolio by launching two RFID-embedded textile label solutions: AD TexTrace™ Heat Seal LoG and AD TexTrace™ Durable PFL. They are designed to withstand more than 100 wash cycles, addressing the apparel and retail sectors' requirement for wash-resistant, long-lasting RFID labels. This technology assists in inventory management, brand protection, and sustainability efforts through recycling and reuse.
  • In June 2024, Avery Dennison emphasized the growing trend towards linerless labeling, highlighting its benefits in operational efficiency and sustainability. By doing away with the liner requirement, businesses can minimize waste, simplify processes, and decrease their carbon footprint. This action is part of the industry's transition towards greener packaging options and is a testament to Avery Dennison's environmental responsibility.
  • In March 2024, Avery Dennison received the MHI award for Best New Innovation in Sustainability for its Logistics Grade Linerless Solution. This innovation has considerable environmental advantages, such as a 49% carbon emissions reduction and a 34% water savings compared to conventional linered labels. The award recognizes Avery Dennison's leadership in creating environmentally friendly labeling solutions that drive operational efficiency.
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Global Thermal Transfer Label Market size was valued at USD 3.49 Billion in 2023 poised to grow from USD 3.66 Billion in 2024 to USD 5.37 Billion by 2032, growing at a CAGR of 4.9% in the forecast period (2025-2032).

Global thermal transfer label market outlook is extremely competitive as large players emphasize technological innovation, sustainability, and diversifying their products. Some of the key global players are Avery Dennison, Brady Corporation, and Honeywell International. Avery Dennison emphasizes eco-friendly labeling solutions, whereas Honeywell promotes smart technology incorporation. Brady Corporation concentrates on high-quality, long-lasting labels for industrial applications, with a focus on enhancing its presence through product diversification and higher automation in manufacturing operations. 'Avery Dennison Corporation (USA)', 'Brady Corporation (USA)', 'Honeywell International Inc. (USA)', 'Zebra Technologies Corporation (USA)', '3M Company (USA)', 'Sato Holdings Corporation (Japan)', 'Canon Finetech Nisca Inc. (Japan)', 'Seiko Epson Corporation (Japan)', 'Brother Industries, Ltd. (Japan)', 'Toshiba Tec Corporation (Japan)', 'TSC Auto ID Technology Co., Ltd. (Taiwan)', 'Godex International Co., Ltd. (Taiwan)', 'Armor-Iimak (France)', 'Domino Printing Sciences plc (United Kingdom)', 'CCL Industries Inc. (Canada)'

The exponential growth of retail and e-commerce industries is one of the driving factors in the global thermal transfer label market growth. With more and more products being transported globally, there is an increased demand for tough, long-lasting labels to identify, trace, and ship products, hence promoting market growth.

Rise of Sustainable Labelling Solutions: The global thermal transfer label market trends is witnessing a strong shift toward eco-friendly materials and liner less technologies. Spurred by green packaging regulations and consumer pressure for environmentally friendly packages, firms are making investments in recyclable labels and low-waste manufacturing practices, driving sustainability across logistics, retail, and food & beverage businesses.

How do Supply Chain Advancements in North America Influence the Demand for Thermal Transfer Labels?

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Global Thermal Transfer Label Market
Thermal Transfer Label Market

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