Thermal Paper Market Revenue, Outlook, Forecast 2023 – 2033
According to a research report published by Spherical Insights & Consulting, the Global Thermal Paper Market Size Expected to Grow from USD 4.52 Billion in 2023 to USD 7.21 Billion by 2033, at a CAGR of 4.78% during the forecast period 2023-2033.
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Thermal paper is a recording media used in various applications like labels, tickets, and medical charts attributed to its high reliability and convenience. It is produced by direct heat transfer from the thermal printer head, without the need for ink ribbons, toner, or cartridges. Thermal paper, treated with heat-sensitive chemicals, is widely used in portable electronics like fax machines and mobile printers. It’s used in retail, gaming, food and beverage, and hospitality industries. The global thermal paper market is growing ascribed to demand for labeling, high hygiene standards, moisture retention, and pH levels. The use of RFID tags and specialty papers like labels and kraft are driving market expansion. The thermal paper market is expanding attributed to its increase in its use in retail, healthcare, e-commerce, shipping, finance, and hospitality sectors. Its low cost, durability, and compatibility with thermal printers make it a cost-effective and efficient solution for printing barcode labels, medical records, lab test results, and prescription labels. However, the rise of online retail transactions and the increasing use of e-receipts, such as PayPal and UPI, is expected to replace paper receipts, potentially hindering market growth and increasing consumer awareness of BPA ingestion risks.
Browse key industry insights spread across 189 pages with 111 Market data tables and figures & charts from the report on the Global Thermal Paper Market Size, Share, and COVID-19 Impact Analysis, By Application (POS Applications, Medical, Plotting and Recording, Self-Adhesive Labels), By Printing Technology (Thermal Transfer, and Direct Thermal), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
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The POS applications segment is expected to hold the largest share of the global thermal paper market throughout the projected timeframe.
Based on the application, the global thermal paper market is categorized as POS applications, medical, plotting and recording, and self-adhesive labels. Among these, the POS applications segment is expected to hold the largest share of the global thermal paper market throughout the projected timeframe. The global growth of supermarkets and hypermarkets is expected to boost POS machine adoption, particularly in Europe and Asia. The post category is expected to dominate the market, with the Reserve Bank of India regulating POS payment players.
The direct thermal segment is expected to boost the global thermal paper market throughout the projected timeframe.
Based on the printing technology, the global thermal paper market is categorized as thermal transfer and direct thermal. Among these, the direct thermal segment is expected to boost the global thermal paper market throughout the projected time frame. The direct thermal approach is a cost-effective method for coating thermal paper with a heat-sensitive layer, allowing for color changes without ribbons or ink. Popular in receipt printing, shipping tags, and point-of-sale systems, it offers short-term print persistence.
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Asia Pacific is projected to hold the largest share of the global thermal paper market over the projected period.
Asia Pacific is projected to hold the largest share of the global thermal paper market over the projected period. This is attributed to its rapid industry expansion, growing demand for medical services and pharmaceuticals, and the rise in electronic purchases have boosted its growth. The market emphasis on efficiency and cost-effectiveness, along with the increasing demand for thermal paper in gaming, is also driving growth.
North America is expected to grow at the fastest CAGR growth of the global thermal paper market throughout the projected timeframe. The market is expanding as a result of thermal paper’s rising significance in the food service sector. Furthermore, the region’s market is expanding owing to a growing demand for premium thermal paper products that can generate prints with crisp and durable.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global thermal paper market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global thermal paper market are Gold Huasheng Paper Co. Ltd., Henan Province JiangHe Paper Co. Ltd., Thermal Solutions International Inc., Iconex LLC, Twin Rivers Paper Company, Rotolificio Bergamasco Srl, Jujo Thermal Ltd., Oji Holdings Corp., Appvion Inc, Koehler Group, Mitsubishi Paper Mills Ltd., Hansol Paper Co. Ltd., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In February 2024, Lecta expanded its line of Termax thermal products and launched its two new high-quality grades of Termax top-coated thermal paper on the market, Termax TC20X, and Termax TC 20XB, for a wide variety of self-adhesive labels.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global thermal paper market based on the below-mentioned segments:
Global Thermal Paper Market, By Application
- POS Applications
- Medical
- Plotting and Recording
- Self-Adhesive Labels
Global Thermal Paper Market, By Printing Technology
- Thermal Transfer
- Direct Thermal
Global Thermal Paper Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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