Global Thermal Transfer Overprinters Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Thermal Transfer Overprinting is a printing process that applies a code to a flexible film or label by using a thermal printhead and a thermal ribbon.
Thermal Transfer Overprinting (TTO) systems were developed specifically to mark directly on flexible film packaging and labels.
Unlike other generalist coding technologies, Thermal Transfer Overprinting has been engineered to work specifically on flexible substrates including flexible packaging materials and labels. TTO is a digital printing technology that overcomes many of the deficiencies of analog printing solutions like hot stamp/hot foil and roller coders.
Market Overview:The latest research study on the global Thermal Transfer Overprinters market finds that the global Thermal Transfer Overprinters market reached a value of USD 874.98 million in 2022. It’s expected that the market will achieve USD 1171.75 million by 2028, exhibiting a CAGR of 4.99% during the forecast period.
Limitations With the development of the economy, people have higher demands on wages, which has led to an increase in labor prices in various regions of the world. In view of the fact that the production of thermal transfer overprinters requires more labor, the cost of manufacturers increases as labor costs increase.
Raw materials occupy an important market share in the production of the entire thermal transfer overprinters. As the price of raw materials rises, the manufacturing costs of the manufacturers will be increased, thereby reducing the profits that manufacturers can obtain.
In addition, the poor image quality of bar code labels and strict printing regulations are also factors that hinder the thermal transfer overprint market.
Region Overview:From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:The top three companies are Dover (Markem-Imaje), Danaher (Videojet), Brother (Domino) with the revenue market share of 12.80%, 10.16% and 9.01% in 2018.
Markem-Imaje Corporation produces product identification and traceability solutions. The Company offers various types of printers, laser coders, RFID-based systems, consumables for printing needs, and software.
Videojet Technologies, Inc. manufactures and markets coding and marking equipment and supplies. The Company offers continuous ink jets, laser marking, thermal transfer over printers, case coding and labeling, thermal ink jets, commercial graphics and addressing, track and trace solutions, software products, and postal systems. Videojet Technologies serves customers worldwide.
Segmentation Overview:Among different product types, Barcodes segment is anticipated to contribute the largest market share in 2028.
Application Overview:By application, the Food & Beverages segment occupied the biggest share from 2018 to 2022.
Key Companies in the global Thermal Transfer Overprinters market covered in Chapter 3:Matthews Marking Systems
Sato Holdings Corporation
Brother (Domino)
KBA-Metronic
Hitachi Industrial Equipment
Danaher (Videojet)
HSA Systems
ID Technology LLC
Dover (Markem-Imaje)
Linx
ITW (Diagraph)
In Chapter 4 and Chapter 14.2, on the basis of types, the Thermal Transfer Overprinters market from 2018 to 2029 is primarily split into:Barcodes
Data Codes
Batch Codes
Graphics
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Thermal Transfer Overprinters market from 2018 to 2029 covers:Food & Beverages
Retail
Transportation & Logistics
Healthcare
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)