Global Thermal Paper Market Growth 2025-2031

The global Thermal Paper market size is predicted to grow from US$ 3391 million in 2025 to US$ 4266 million in 2031; it is expected to grow at a CAGR of 3.9% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Thermal Paper Industry Forecast” looks at past sales and reviews total world Thermal Paper sales in 2024, providing a comprehensive analysis by region and market sector of projected Thermal Paper sales for 2025 through 2031. With Thermal Paper sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermal Paper industry.

This Insight Report provides a comprehensive analysis of the global Thermal Paper landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Thermal Paper portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Thermal Paper market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermal Paper and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermal Paper.

This report presents a comprehensive overview, market shares, and growth opportunities of Thermal Paper market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Normal Thermal Paper
Top-coated Thermal Paper

Segmentation by Application:
POS Applications
Labels
Tickets and Receipts
Medical Applications
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Thermal Paper market?

What factors are driving Thermal Paper market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Thermal Paper market opportunities vary by end market size?

How does Thermal Paper break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.