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NEW YORK, Feb. 15, 2021 /PRNewswire/ Award winning market research company Fact.MR has published a detailed report on the global thermal transfer labels market. As per its findings, the market is poised to experience positive growth in 2021 over 2020, amid resuming production and manufacturing activities in the post pandemic scenario. The report projects a steady growth forecast for the forthcoming decade, pegging the value CAGR at 5%.
Over the years, increasing virtual business transactions have widened global e-commerce platforms, prompting manufacturers to design robust and highly durable packaging solutions. As of 2020, global e-commerce reached US$ 25.6 trillion, according to the UN Conference on Trade and Development. Likewise, prolific advancements in consumer electronics and food & beverages industries have heightened thermal transfer labels expansion prospects.
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