Thermal Papers

Thermal Papers

Global Thermal Papers Market to Reach US$7.3 Billion by 2030

The global market for Thermal Papers estimated at US$4.8 Billion in the year 2023, is expected to reach US$7.3 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2023-2030. POS Application, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach US$4.5 Billion by the end of the analysis period. Growth in the Tags & Label Application segment is estimated at 7.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.3 Billion While China is Forecast to Grow at 9.5% CAGR

The Thermal Papers market in the U.S. is estimated at US$1.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.9% and 5.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Global Thermal Papers Market - Key Trends and Drivers Summarized

How Is Thermal Paper Transforming Receipt and Label Printing?

Thermal paper is a special fine paper coated with a chemical that changes color when exposed to heat, making it widely used in thermal printers for printing receipts, labels, tickets, and other documents. Unlike conventional printing paper, thermal paper eliminates the need for ink or toner, offering a faster, cleaner, and more cost-effective printing solution. It is extensively used in point-of-sale (POS) systems, ATMs, logistics labels, and medical charts, making it an essential component in retail, banking, logistics, and healthcare sectors. As industries continue to prioritize efficient and reliable printing solutions, the demand for thermal paper has surged.

What Are the Key Segments in the Thermal Paper Market?

Key technologies include direct thermal and thermal transfer, with direct thermal paper holding the largest market share due to its simplicity, cost-effectiveness, and suitability for high-volume receipt printing in POS systems. Applications cover POS receipts, labels, lottery tickets, and medical charts, with POS receipts representing a significant segment driven by the widespread adoption of electronic payment systems in retail and hospitality. End-users include retail, banking, healthcare, logistics, and entertainment sectors, with retail dominating the market as thermal paper is crucial for efficient receipt printing in stores and restaurants.

How Is Thermal Paper Integrated Across Industries?

In the retail sector, thermal paper is used for POS receipts, providing quick, clear, and smudge-resistant printing for transaction records. In the banking sector, thermal paper is used in ATMs and bank statements, ensuring accurate printing of account details and transaction receipts. In logistics, thermal paper labels are used for packaging and shipping, offering durability, clarity, and resistance to wear and tear during transit. Additionally, in the healthcare sector, thermal paper is used for printing medical records, prescriptions, and laboratory reports, supporting reliable and rapid documentation of patient information.

What Factors Are Driving the Growth in the Thermal Paper Market?

The growth in the Thermal Paper market is driven by several factors, including increasing demand for digital payment systems, rising adoption of automated labeling solutions, and advancements in thermal paper technology. Innovations like BPA-free and eco-friendly thermal paper, improved durability, and enhanced print clarity have supported broader applications across sectors. The focus on ensuring efficient transaction recording, reducing printing costs, and maintaining compliance with environmental regulations has further fueled demand, as thermal paper provides a reliable and cost-effective printing solution. Additionally, expanding retail chains, growing e-commerce, and rising financial transactions have contributed to market growth, encouraging the deployment of thermal paper across diverse industries.

SCOPE OF STUDY:

The report analyzes the Thermal Papers market in terms of US$ Million by the following Application, and Geographic Regions/Countries:

Segments:
Application (POS, Tags & Label, Lottery & Gaming, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 37 Featured) -

• Appvion Incorporated
• Gold Huasheng Paper Co., Ltd.
• Hansol Paper Co. Ltd.
• Henan Province JiangHe Paper Co., Ltd.
• Iconex LLC
• Jujo Thermal Limited
• Koehler Group
• Mitsubishi Paper Mills (MPM) Limited
• NAKAGAWA Manufacturing (USA), Inc.
• Oji Holdings Corporation
• Ricoh Company, Ltd.
• Rotolificio Bergamasco Srl
• Thermal Solutions International, Inc. (TSI)
• Twin Rivers Paper Company

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