According to an updated analysis issued by Fact.MR, the Thermal Transfer Polypropylene Labels market is expected to exceed US$ 4 billion in value by 2021, with a CAGR of more than 5%. Increasing demand for e-Commerce and logistics services has stimulated investments in the production of Thermal Transfer Polypropylene Labels for use in the packaging and logistics industries.
Paper Thermal Transfer Polypropylene Labels are in high demand and will continue to be so in the future. APEJ contributes significantly to the need for Thermal Transfer Polypropylene Labels. In comparison to other regions, developing countries such as China and India have a large number of major players and end-use industries in this region. This element is designed to aid APEJ’s density economies.
Thermal Transfer Label Market: Key Takeaways
- Thermal Transfer Polypropylene Labels for trading, logistics, and transportation applications are predicted to rise 1.8X in the next ten years, capturing over 70% of the industry by 2031.
- The APEJ region has held the biggest market share over the past five years, averaging 32 percent to 34 percent, and is likely to maintain its position with an average share of 35 percent to 38 percent for the forecast period.
- When compared to polyester Thermal Transfer Polypropylene Labels, paper Thermal Transfer Polypropylene Labels account for roughly 1.2X the market value.
- Over the projected period, the Japanese market is expected to present an absolute $ potential of US$ 277 million.
- From 2021 to 2031, the Latin American market is forecast to grow at a CAGR of more than 5%, with Mexico expected to acquire 816 BPS.
According to a Fact.MR analyst, “the rise of e-Commerce and trading, logistics and transportation industry shall play a critical part in the demand growth of Thermal Transfer Polypropylene Labels.”
How are Government Policies Affecting Sales of Thermal Transfer Polypropylene Labels?
This industry is impacted by government policies such as anti-dumping duties and restrictions on the use of plastic, resin, and other polymers. Thermal Transfer Polypropylene Labels are made from raw materials such as resin and polyester. Governments are imposing anti-dumping tariffs on other countries in order to develop indigenous resin manufacturing sectors. For example, in 2019, India implemented anti-dumping tariffs on China, which are expected to have a detrimental impact on thermal transfer label pricing. The prices of raw materials are set to have a cascading influence on the prices of finished goods.
Governments are enacting a slew of policies to minimise the use of plastic, carbon compounds, and other polymers in the name of environmental protection. Plastic and polymers do not degrade readily and have an impact on the environment.