The global direct thermal printing films market is estimated to secure a valuation of US$ 219.76 million in 2023 and reach US$ 328.44 million by 2033. The global market is anticipated to capture a CAGR of 4.1% during the forecast period.
How are Manufacturers Bringing New Opportunities in the Global Market?
Manufacturers bring new opportunities to the global market by innovating advanced technologies with unique strategies. Some of these market opportunities are as follows:
- Innovation in Film Technology:Manufacturers invest in research and development activities to improve direct thermal printing films. These manufacturers improve durability and enhance print quality to reduce environmental impacts. They are developing superior performance films to attract end users’ demand.
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- Customization and Specialization: Manufacturers are focused on developing specialized and cost-effective direct thermal printing films. They offer customized movies for healthcare settings and shipping labels to provide better solutions for end users’ requirements.
- Sustainability Films:Manufacturers focus on sustainable options and offer eco-friendly direct thermal printing films. The manufacturers adopt biodegradable materials to reduce environmental impacts and enhance recycling processes.
- Color Printing Capabilities: Adopting direct thermal technology to develop color printing capabilities drives the global market. Manufacturers are working on developing films to enhance their abilities.
- Partnerships and Collaborations:Key companies are partnering with research institutions to create optimized, high-performance films.
- Market Expansion:Manufacturers are expanding their geographical reach to increase their portfolio. They connect local and international distributors and suppliers to understand the market’s needs.
- Value-added Services:Manufacturers add value to the global market by offering software solutions to design printing labels. These solutions maintain proper support for printing equipment and provide training to consumers.
- Digital Transformation and Automation: Integration of digital technologies and automation provide seamless processes into their products to consumers.
- Educational Initiatives:Manufacturers are educating their potential customers about the benefits of direct thermal printing. They involve awareness programs, workshops, webinars, and seminars.
Key Players:
- Avery Dennison Corporation
- Jindal Poly Films Ltd
- Armor Packaging
- Cosmo Films Ltd.
- Italnastri S.p.A.
- Daelim Industrial Co. Ltd.
- Bizerba SE & Co. KG
- Namo Packaging Solutions Pvt. Ltd.
- Mondi Group
- Lintec
- Green Bay Packaging
- Able Label
- Smith & McLaurin
- Ricoh
Key Takeaways of Direct Thermal Printing Films Market:
- The global direct thermal printing films market is predicted to secure a CAGR OF 4.1% with a valuation of US$ 328.44 million by 2033.
- In the historical period, the global market secured a CAGR of 3.4% in 2022.
- The United States is anticipated to dominate the global market by capturing a maximum share during the forecast period.
- Based on end users, the retail sector is estimated to lead the global market by registering a maximum share by 2033.
Performance of Key Players in the Global Market
The global market is highly fragmented by the prominent players trying to innovate advanced products. These players are investing million-dollar amounts in research and development to carry out new ideas to expand the global market. These players adopt marketing tactics such as mergers, collaborations, partnerships, and product launches to increase global demand.
Recent Developments in the Global Market
In 2022, Celmacch Group and Koenig & Bauer announced to collaborate for manufacturing rotary die-cutters and expand their product portfolio.
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Direct Thermal Printing Films Market by Segmentation
By Material Type:
- Paper Printing Films
- Plastic Printing Films
- Polypropylene (PP)
- Polyethylene (PE)
- Polystyrene (PS)
- Others
By End Use:
- Food & Beverages
- Pharmaceuticals
- Personal Care & Cosmetics
- Industrial Goods
- Retail
- Other End Uses
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
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