Global Direct Thermal Paper Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Direct Thermal Paper Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Thermal paper is a coated processed paper. Coatings are usually made of fluorescent dyes and color-developing agents. When heated, the fluorescent dyes and color-developing agents chemically react to produce color. The color of thermal paper will gradually fade after being placed for a long time and at high temperature. Thermal paper is generally used in conjunction with thermal printers, and is often used for labels and wrapping paper for objects because of its clear printing. The biggest advantage of Direct Thermal Paper over thermal transfer printing is that it does not require a carbon ribbon, the operation is simple, and the cost of consumables is low.

Market Overview:

The latest research study on the global Direct Thermal Paper market finds that the global Direct Thermal Paper market reached a value of USD 3039.55 million in 2022. It’s expected that the market will achieve USD 4086.48 million by 2028, exhibiting a CAGR of 5.06% during the forecast period.

The advantages of thermal printing itself

Direct Thermal Paper is favored by all walks of life because of its fast printing speed, clear printing effect and low paper cost. The thermal printer heats different positions of the thermal paper according to the set program, thereby forming a printed image. The higher the heat generated when the thermal printer works, the faster the printing. Thermal printers commonly used on the market can print in seconds, which has a huge speed advantage over pinhole printing. Thermal printing requires no ink or toner, and prints without environmental smudges. The thermal printer has a simple structure and fewer parts, rarely occurs paper jams, and is easy to operate. The cleanliness and low maintenance costs of thermal printing make it popular with the office crowd. The thermal paper is smooth and flat, and the printed handwriting and barcode are not easily deformed, which is very friendly to customers who need to print more information. The only consumable for thermal printing is thermal paper, the only maintenance is the print head of the thermal printer, and the printing cost is low. All in all, the many advantages of thermal printing itself have made it more popular, and the demand for Direct Thermal Paper has also increased.

Boom in retail

The demand for Direct Thermal Paper in the retail industry mainly comes from POS terminals and commodity labels. POS terminals play a major role in the cashless transaction trend in the retail industry with their simple and reliable billing method, which is also driving the demand for Direct Thermal Paper. Thermally printed receipts can display product details to avoid duplication or omission, and can be read by humans and scanned by barcode scanners, reducing manual verification costs and error rates. Thermal printers that don't require ink cartridges are favored by retail store owners because of their lower cost and small footprint. Product labels are usually made of paper materials, which are easy to fit and can be updated at any time. The good bonding effect and short-term storage of thermal paper meet the needs of labels, and the clarity and aesthetics of thermal paper printing can be used for product information communication and packaging. So appreciated by the retail industry. The boom in the retail industry has increased the market revenue of Direct Thermal Paper.

Development of the transportation industry

Growth in the transportation industry drives sales of Direct Thermal Paper. Since thermal paper with a protective layer can protect information in harsh environments such as humidity and high temperature, the e-commerce logistics industry generally tracks the transportation status of goods by printing barcodes on thermal paper to reduce management costs. Transportation companies use thermal paper to print different types of receipts, such as fixed tax invoices, bus ticket invoices, bus IC card roller invoices, etc. The flexibility of thermal printing can be well adapted to different charging standards and daily prices. After a rental car company binds a thermal printer to the company database, employees can carry the printer with them to chat with customers. After confirming the order, scan the agreement and upload it to the company database, which greatly facilitates the signing of the contract. Therefore, the development of the transportation industry has increased the demand for Direct Thermal Paper.

Region Overview:

Asia Pacific dominated the Direct Thermal Paper market in 2021, with a market share of 61.20%

Company Overview:

Oji, Hansol, Koehler were the top 3 players in the Direct Thermal Paper market in 2022, taking up a market share of 49.71% together.

Segmentation Overview:

By type, Non top-coated segment accounted for the largest share of market in 2021.

Application Overview:

By application, the POS Application segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Direct Thermal Paper market covered in Chapter 3:

Guanhao
Jianghe
Koehler
Appvion
Mitsubishi Paper
Ricoh
ChengMing
Jujo Direct Thermal Paper
Hansol
Oji

In Chapter 4 and Chapter 14.2, on the basis of types, the Direct Thermal Paper market from 2018 to 2029 is primarily split into:

Top-coated
Non top-coated

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Direct Thermal Paper market from 2018 to 2029 covers:

POS Applications
Lottery & Gaming
Labels & Tickets
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)