Printer Ribbon - Worldwide

Printer Ribbon Market Definition

The printer ribbon market is an established offshoot of the printer accessories market, which comprises the production and sales of ribbons used in printers. These ribbons allow the smooth application of ink over paper. The printer ribbon market is segregated based on the type of ribbon used into thermal transfer ribbons, card printer ribbons, and barcode ribbons. These are used to print on cards, shipping labels, and bags. Factors affecting the printer ribbons market's positive growth include the following. The sudden surge in the e-commerce industry has increased the demand for labels and barcodes on packages, and technological advancements have improved the existing printers and awareness of holding secured identification cards.

While the above listed factors contribute to market growth, there are some limitations on market expansion including tough competition from digital and inkjet printers; alternatives that offer quicker and more cost-effective printing. Environmental concerns surround the use of printer ribbons due to their use in dot matrix printers, which are often less environmentally friendly. Despite the many market growth obstacles, printer ribbons continue to have niche applications in industries where dot matrix printers are still used, such as banking and manufacturing. The warehouse and retail industries still use dot matrix printers for cost-effective high volume printing. These factors are expected to propel market demand in the printer ribbon market in the coming years.