- In October 2021, Armor Group announced the acquisition of IIMAK, a move aimed at strengthening its position in the thermal transfer ribbon market. This acquisition is expected to enhance Armor's product portfolio and expand its market reach. By integrating IIMAK’s expertise, Armor Group aims to further solidify its leadership in the thermal printing solutions industry
- In October 2020, Western Shield Label Company acquired Label Smith, expanding its capabilities in the label manufacturing sector. This acquisition is expected to enhance Western Shield’s product offerings and broaden its customer base. By integrating Label Smith’s expertise, the company aims to strengthen its position in the competitive label market
Frequently Asked Questions
The market is segmented based on Segmentation, By Material Type (Paper and Plastic), Form (Rolls, Sheets, and Fanfold), Product Type (Top coated and Non-top Coated), End Use Type (Food and Beverages, Pharmaceuticals, Personal Care and Cosmetics, Industrial Goods, Retail, and Others) - Industry Trends and Forecast to 2032
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The Global Direct Thermal Film Label Market size was valued at USD 263.70 USD Million in 2024.
The Global Direct Thermal Film Label Market is projected to grow at a CAGR of 6.4% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.