Global Transfer Paper Market: Overview
From 2019 to 2029, the global transfer paper market will witness robust growth, claims TMRR. This will not only add to the market worth but also to available growth opportunities. It is primarily driven by economic conditions, particularly in the developing regions of the world. It is also quite pertinent to make note of the point here that the demand is hugely reliant on custom apparel printing industry. As consumers opt for fashion items, demand for transfer paper goes up considerably. This is driving the market on to a high growth trajectory over the stated forecast period. Multiple other factors will contribute towards keeping the market buoyant. Region-wise, it is interesting to note that North America will hold a prominent spot for itself over the forecast period.
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Global Transfer Paper Market: Competitive Landscape
Both global and regional players mark the market landscape of global transfer paper market. And, this leads to moderate to high competition in the market. To battle it out, players make use of a number of growth strategies. These include improving presence across the globe, product improvement, and so on.
Top players operating in the highly fragmented vendor landscape of global transfer paper market are:
- Fillauer LLC
- Neenah performance Materials
- Felix Schoeller Group
- Atul Paper Pvt. Ltd.
- GI Paper Coaters
- Pudumjee Paper Products
- One Step Papers LLC
- Guangzhou Elephant Digital Technology Co., Ltd
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Global Transfer Paper Market: Key Trends and Drivers
Trends and growth drivers in the global transfer paper market are many and varied. TMR Research notes these down in great detail in its upcoming research report on transfer papers market. A glimpse into the same is provided below:
- Lifestyle changes are adding to growth in the global transfer market over the forecast period. Population is also increasing massively.9.7 billion people will inhabit the earth by 2050. This is a notable increase of 2 billion people from the current value of 7.7 billion people. These factors together will lead to higher sales, and increase in growth in the market over the forecast period. Lower cost of equipment as well as the paper will also contribute positively.
- Designs on transfer paper can be stored at a lower price than on textiles and this is propelling growth in demand for the former. Demand and preference for short run production is also a notable factor of growth in the market. It is also worth noting here that as players focus on innovation and technological advancement, benefits will accrue to the market and these will support growth over the forecast period.
Global Transfer Paper Market: Regional Analysis
North American region is set to lead the regional charts of global transfer paper market over the forecast period owing to high receptivity for changing clothing trends. Europe too is set to drive the wave of a well-established and now growing textile industry in this period. The factor that supports growth in both the regions is high disposable incomes and presence of strong market players. Asia Pacific will present players with lucrative growth opportunities. One of the biggest factors that will lead to growth in the region is growth in textile industry. China will contribute massively to growth in regional transfer paper market.
Global Transfer Paper Market – Segmentation:
By Transfer Type
- Screen Printing Transfers
- Heat Transfers
- Sublimation Transfers
- Inkjet and Laser Transfers
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About TMR Research:
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