Global Thermal Paper Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Thermal Paper market size was valued at US$ 3192 million in 2024 and is forecast to a readjusted size of USD 4428 million by 2031 with a CAGR of 3.7% during review period.

Thermal paper is a special paper type that is manufactured with specialty coating that aids in inkless printing. On application of heat to the coating, a clear image is formed on the paper with no requirement for ribbons or inks. The coating usually turns black on heating, which, in turn, transfers the image to the paper. Thermal paper is the key component of thermal paper printing, which is considered one of the most economical printing technologies owing to its low energy consumption and low maintenance cost.The paper may be used as fax paper on fax machines, as thermal recording paper on cardiographic or industrial recording devices, or converted to ATM rolls or POS rolls for ATM or Place of Sale applications. Thermal paper with additional top-coat or semi top-coat may be used for logistic and supermarket labels, lottery tickets, train tickets, and many other applications.

The thermal paper market presents numerous growth opportunities driven by e-commerce and retail expansion, alongside emerging trends in technology and sustainability. However, challenges such as raw material costs and competition from alternative technologies need to be navigated carefully. Companies must remain vigilant about risks related to economic fluctuations and supply chain vulnerabilities to maintain a competitive edge in this evolving market.

The global key companies of Thermal Paper include Oji, Koehler, Hansol, Xianhe Co., Ltd., Appvion, Mitsubishi HiTec Paper, Ricoh, Guanhao High-tech, and Jianghe Paper, etc. In 2023, the global five largest players hold a share approximately 57% in terms of revenue.

This report is a detailed and comprehensive analysis for global Thermal Paper market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Thermal Paper market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Thermal Paper market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Thermal Paper market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Thermal Paper market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Thermal Paper

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Thermal Paper market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Oji, Koehler, Hansol, Xianhe Co., Ltd., Appvion, Mitsubishi HiTec Paper, Ricoh, Guanhao High-tech, JianghePaper, Chenming Paper, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Thermal Paper market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Normal Thermal Paper
Top-coated Thermal Paper

Market segment by Application
POS Applications
Labels
Tickets and Receipts
Medical Applications
Others

Major players covered
Oji
Koehler
Hansol
Xianhe Co., Ltd.
Appvion
Mitsubishi HiTec Paper
Ricoh
Guanhao High-tech
JianghePaper
Chenming Paper
Guangdong Weiminte Technology
Gold East Paper
Shandong Sun Paper

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Thermal Paper product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Thermal Paper, with price, sales quantity, revenue, and global market share of Thermal Paper from 2020 to 2025.

Chapter 3, the Thermal Paper competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Thermal Paper breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Thermal Paper market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Thermal Paper.

Chapter 14 and 15, to describe Thermal Paper sales channel, distributors, customers, research findings and conclusion.