Global Printing Transfer Paper Market to 2029 – Increasing Spending on Custom and Fashionable Clothing Drives Growth | 2021-06-15 | Press Releases
Dublin, June 15, 2021 (GLOBE NEWSWIRE) – The “Printing Transfer Paper Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast, 2021 to 2029” the report was added to ResearchAndMarkets.com offer.
Global Printable Transfer Paper Market Expected to Grow at a CAGR of 4%
Printable transfer paper is used in textile industries, arts and crafts projects. Transfer paper is a thin piece of paper coated with wax and pigment. Normally, an inkjet printer, dot matrix printer, or other printer is used to print the image onto the transfer paper. Transfer paper is used to create irons. The significant growth of the custom textile industry and printing technologies has driven the market demand for printable transfer paper. Rising consumer spending on personalized and fashionable clothing is also expected to support the growth of the printing transfer paper market. Despite the high costs, the growth of the segment is driven by the ability to provide quality design on fabrics.
With the continuous improvement of economic conditions in all major markets and increasing level of income, consumers are spending more and more on fashion items and the attractions have increased significantly. The trend is expected to continue with improving economic conditions and is expected to influence the demand for custom printed clothing and other products. This represents a positive outlook for printing equipment and other materials. Transfer printing (based on transfer paper) is an important part of custom clothing and accessories. Thus, changing fashion trends among young people is expected to continue to drive the custom clothing and accessories industry, thereby supporting the growth of the transfer paper market.
The impact of COVID-19 will negatively impact the market
Although there has been a decline in printing paper sales over the years, they have fallen by millions of tonnes in 2020. The spread of covid-19 has lowered the demand for print advertisements; declining corporate profits led to layoffs and higher prices. Demand for print is expected to continue to decline over the next five years as the era of e-commerce and digital marketing continues to expand. During the pandemic, the education system changed its routes from books to pdf, e-learning methods and people changed their reading habits to online platforms, and these factors affected the paper market sales of transfer printing in the world.
Strong growth in heat transfer process
Heat transfer is the process of printing onto transfer paper, using a heat press or iron to transfer it to a shirt. This is a similar process to screen printing or screen printing, but it is not expensive. Thermal transfer printing is widely used because it creates durable, heat resistant, adhesive and water resistant designs. Moreover, the colors created in the image are high resolution with vivid and bold colors. The heat transfer process has more application for marketing purposes such as printing logo, brand name, quotes and names on clothes, mugs and other items. It remains a profitable and efficient form of printing and therefore has wide application in the textile industry. Transfer papers used in screen printing applications account for the largest share of revenue compared to other applications. Screen printing is inexpensive compared to other printing techniques due to which it is commonly used for most printing applications. However, printing transfer papers used in thermal transfer process are expected to experience the fastest growth due to the increasing popularity of thermal transfer process in custom garment printing as it offers heat resistance. , water resistance, adhesion and durability compared to other techniques.
Technological advancements have the potential to revive market demand
Transfer printing is an emerging technique for micro-fabrication and nano-fabrication, which enables heterogeneous integration of material classes into desired functional arrangements. Various methods of printing the transfer paper are vinyl cutting, screen printing, heat press printing, thermal sublimation and direct to garment printing. A criterion is used to simplify a method because all methods have drawbacks and drawbacks. Research has changed the forms of stamp printing into new, efficient forms of printing. The improvement in the quality of printers, ink and papers has led to the growth of the printing transfer papers market.
Asia-Pacific continues to dominate the market
The demand for fashionable and stylish clothing and accessories in Asia Pacific is increasing at a significant rate with increasing income level and changing trends towards fashionable clothing as compared to traditional clothing. In addition, custom printed apparel and accessories are also experiencing considerable demand in all major Asia-Pacific markets, which is driving the demand for printing transfer papers in the region. Several start-ups manufacturing printed T-shirts and trendy accessories have sprung up in countries such as China, India, Japan and Southeast Asia. Thus, these countries have become pioneers for global garment printing and hence have driven the growth of the printing transfer paper market in Asia-Pacific. The increasing competition in these countries significantly complements the market growth here and is expected to continue the trend during the forecast period. The immense competition, huge customer base, and demand for innovative and attractive designs on clothing is estimated to make Asia-Pacific the largest market for printing transfer paper.
R&D to give hope for renewal
Research and development remain the key strategies as few market players invest 50% of profits in R&D efforts to improve processes and drive innovation. Major players in this segment include Million Tons of New Materials, Ptpurabarutama, Quad Inc, RR Donnelley & Sons Company, Deluxe Corporation, Miquel y Costas & Miquel, Asia Pulp and Paper, Zhejiang Jinchang Special Paper, V-Replica Sublimation Paper & Alizarin Coating.
Key questions answered in this report
- What are the key market segments in the current scenario and in the future by product categories?
- What are the key market segments in the current scenario and in the future by regions?
- What is the key impact of Covid-19 on market revenue and market determinants in the Printing Transfer Paper market?
- What are the primary and secondary macro and micro factors influencing the growth of the market now and over the forecast period?
- What are the primary and secondary macro and micro factors that deter the growth of the market now and during the forecast period?
- How to overcome the current market challenges and take advantage of the opportunities in each of the market segments?
- Who are the major players in the Transfer Printing Paper market and what are their major product categories and strategies?
- What are the key strategies – mergers / acquisitions / R&D / strategic partnerships, etc. that companies are deploying to improve revenue and market growth?
- What are the key strategies for boosting demand by geography?
Main topics covered:
Chapter 1 Preface
Chapter 2 Executive Summary
2.1 Market Overview: Global Printing Transfer Paper Market
2.2 Global Printing Transfer Paper Market, by Type, 2020 (Million US $)
2.3 Global Printing Transfer Paper Market, By Geography, 2020 (US $ M)
2.4 Impact of Covid 19
Chapter 3 Market Dynamics
3.2 Analysis of key trends
3.3 Market dynamics
3.4 Toggle analysis
3.5 Attractive investment proposition
3.6 Competitive landscape
Chapter 4 Global Printing Transfer Paper Market, By Type
4.2 Screen-printed transfers
4.3 Heat transfer
4.4 Sublimation transfers
4.5 Inkjet and laser transfers
Chapter 5 North America Printing Transfer Paper Market Analysis
5.2 North America Printing Transfer Paper Market, by Type, 2019-2029 (Million US $)
5.3 North America Printing Transfer Paper Market Analysis, by Region / Country, 2019-2029 (USD Million)
Chapter 6 Europe Printing Transfer Paper Market Analysis
6.2 Europe Printing Transfer Paper Market, by Type, 2019-2029 (Million US $)
6.3 Europe Printing Transfer Paper Market Analysis, by Region / Country, 2019-2029 (Million US $)
In 2016, the rest of Europe PTP market recorded a market value of US $ 859.2 million and is expected to reach US $ 1,224.9 million with a CAGR of 4%.
Chapter 7 Asia-Pacific Printing Transfer Paper Market Analysis
7.2 Asia-Pacific Printing Transfer Paper Market, by Type, 2019-2029 (USD Million)
7.3 Asia-Pacific Printing Transfer Paper Market Analysis, by Region / Country, 2019-2029 (USD Million)
Chapter 8 Rest of the World Printing Transfer Paper Market Analysis
8.2 Rest of the World Printing Transfer Paper Market, by Type, 2019-2029 (USD Million)
8.3 Rest of the World Printing Transfer Paper Market Analysis, by Region / Country, 2019-2029 (USD Million)
Chapter 9 Company Profiles
For more information on this report, visit https://www.researchandmarkets.com/r/iqjx9c
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