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A recent report published by Infinium Global Research on thermal paper market provides in-depth analysis of segments and sub-segments in the global as well as regional thermal paper market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional thermal paper market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global thermal paper market.
Thermal paper is a specific paper, used for printing, that changes color when exposed to heat & it does not require traditional ink. The difference between regular papers and thermal papers is that they are coated with heat-sensitive dye and chemicals. When exposed to high temperatures, the dye and chemical combination reacts, causing a color change i.e. fading. The paper will produce black marks upon scratching with your fingernail as it generates heat. The images are printed in milliseconds from the heat of the thermal print head on the thermal paper, the chemicals used are Bisphenol-A (BPA) or Bisphenol-S (BPS) which assists in the heat-activated printing process. As the printing needs less time, it allows for faster labeling or package printing & receipt printing for customers.
The growing retail industry, coupled with the increasing number of sales transactions worldwide, fuels the demand for thermal paper. The convenience, speed, and cost-effectiveness of thermal printing make it a preferred choice for retailers. Additionally, the rapid growth of e-commerce has significantly boosted the demand for thermal paper. As online shopping continues to gain traction globally, the need for printed shipping labels, invoices, and order receipts has surged. Thermal paper provides a reliable and efficient solution for generating high-quality, durable prints required for e-commerce operations. Thermal paper is extensively used in the hospitality industry for printing tickets, receipts, and vouchers in establishments such as hotels, restaurants, and cinemas. Additionally, the increasing adoption of digital technologies and the shift towards paperless operations pose a challenge to the thermal paper market. As businesses and industries strive to reduce paper usage and embrace digital alternatives, the demand for thermal paper may be negatively affected. However, the High availability of alternative products hampers the market growth. Although, as the global tourism and entertainment sectors continue to thrive, is expected to create a substantial growth opportunity for the market.
Asia Pacific accounted for the largest share of the thermal paper market revenue due to the expansion of retail chains in the region due to the rise of consumer liking for easily accessible commodities. The increasing industrial activities in APAC have resulted in the rise of product demand in labeling applications. Additionally, the Europe market is for the growth of the thermal paper market promising owing to the large retail sector in the region, having large numbers of POS terminals. The Latin America region is expected to witness significant growth over the forecast period due to rising industrial activities. The requirement for tags & labels has increased due to the demand for the beverage industry in this region.
| Report Coverage | Details |
|---|---|
| Market Size in 2022 | USD 4,517.75 Million |
| Market Size by 2030 | USD 8,264.53 Million |
| Growth Rate from 2023 to 2030 | CAGR of 6.90% |
| Largest Market | Asia Pacific |
| No. of Pages | 180 |
| Market Drivers |
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| Market Segmentation | By Type, and By Application |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global thermal paper market covers segments such as type, and application. On the basis of type, the sub-markets include direct thermal, thermal transfer, and others. On the basis of application, the sub-markets include point of sale, tags & labelling, entertainment & transit, ticketing, and lottery & gaming.
The report provides profiles of the companies in the market such as Beam Suntory, Inc., Oji Holdings Corporation, Koehler Paper, Appvion, Ricoh, MITSUBISHI PAPER MILLS LIMITED., HANSOL, Jujo Thermal Ltd., NAKAGAWA Manufacturing (USA), Inc., and Others.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the thermal paper market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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