Thermal printing market recovers, labels become key growth area
The past two years have been extremely challenging for the thermal printing market. From 2022 to 2023, the overall demand for thermal printing market was weak. Affected by a variety of factors such as the development of e-commerce, supply chain disruptions, and declining consumer demand for goods and services, the use of thermal printing has declined in the short term, and many projects requiring new equipment have been postponed or cancelled.
Fortunately, the global thermal printing market will achieve a partial recovery in 2024 and resume growth in the following years. The report "The Future of Thermal Printing to 2029" shows that the global thermal printing market is expected to reach US$42.6 billion in 2024. From 2024 to 2029, the market compound annual growth rate will reach 3.1%. In 2029, the market size will reach US$49.6 billion.
But for now, the entire thermal printing market still faces a series of challenges. For example, although the development of thermal transfer technology has made the application of linerless labels more and more widespread, the price increase of suppliers has led to intensified market competition, and some consumables suppliers have received complaints of price dumping. At the same time, consumers' concern about green sustainability is also driving thermal printing towards a more environmentally friendly direction. Direct thermal printing has been used in various fields, but due to consumer concerns about the environmental friendliness of labels and possible health effects, companies have changed the chemicals used in thermal printing. As suppliers seek to improve the environmental and safety certification of their products, thermal printing technology continues to develop, and the elimination of silicone coating isolation materials has played an important role in improving the environmental performance of pressure-sensitive labels.
From the perspective of market segments, labels will become a key growth area in the thermal printing market. More and more receipt labels are used in fast food restaurants and other online ordering businesses, and the market share of thermal printing in these areas will increase.
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Thermal printing market recovers, labels become key growth area
The past two years have been extremely challenging for the thermal printing market. From 2022 to 2023, the overall demand for thermal printing market was weak. Affected by a variety of factors such as the development of e-commerce, supply chain disruptions, and declining consumer demand for goods and services, the use of thermal printing has declined in the short term, and many projects requiring new equipment have been postponed or cancelled.
Green printing brings opportunities for thermal CTP, and fully automatic CTP is more popular
Thermal CTP refers to a thermal plate-making machine that uses thermal plate-making technology. It is the most popular choice among printers. It has many advantages, such as being insensitive to light, being able to operate under daylight conditions, being easy to operate, and having minimal impact on the environment. In terms of type, thermal CTP is often divided into three types: semi-automatic, fully automatic, and manual. In 2020, the market shares of the above three types of CTP were 18.86%, 75.34%, and 5.80%, respectively.
How to choose thermal, UV and CTP
When choosing thermal, UV, and CTP (computer-to-plate) technologies, multiple factors need to be considered comprehensively, including technical characteristics, cost-effectiveness, market demand, production environment, etc. The following is a detailed analysis of these three technologies and selection recommendations:
No. 2 Donghang Road, East Extension Zone, Shangji Industrial Cluster Zone, East Section of Xinyuan Avenue, Jian'an District, Xuchang City, Henan Province
SAF Coolest v1.3.1.2 设置面板 GAGSD-ZGYF-JWZDE-ZXX
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