Thermal Paper Market Share, Size, Trends, Industry Analysis Report, By Application (POS, Tags & Label, Lottery & Gaming), By Region, And Segment Forecasts, 2023 - 2032

Thermal Paper Market Share, Size, Trends, Industry Analysis Report, By Application (POS, Tags & Label, Lottery & Gaming), By Region, And Segment Forecasts, 2023 - 2032

The global thermal paper market size is expected to reach USD 6,161.81 million by 2032, according to a new study by Polaris Market Research. The report “Thermal Paper Market Share, Size, Trends, Industry Analysis Report, By Application (POS, Tags & Label, Lottery & Gaming), By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Market expansion is due to the increasing utilization of POS terminals for monetary transactions across various settings, such as warehouses, retail outlets, and supermarkets. Thermal papers play a pivotal role in this context, primarily employed for printing receipts at the POS terminals and to create tags utilized by industries like pharmaceuticals and food and beverages for packaging and labeling their final products. The preference for thermal papers stems from their economical production costs and ease of maintenance, as they don't require ribbons and ink in the printing process, setting them apart from alternative printing methods.

Growth is fueled by the expanding utilization of retail outlets and supermarkets in emerging economies like China, Brazil, and India. Additionally, the growing requirement for specialty paper for packaging purposes within the e-commerce and logistics sectors will contribute to the market's expansion. Nonetheless, the ascent of digitalization and the emergence of substitute products will constrain the market's growth trajectory.

The Middle East and African region are witnessing an increasing demand for food and beverage, FMCG, and electronics products, driven by population growth and urbanization, particularly in key markets like Saudi Arabia, UAE, and Qatar. This surge in demand is projected to lead to higher utilization of POS terminals, tags, and labels. Additionally, the region's supportive initiatives to encourage domestic investments are anticipated to contribute positively to the market growth in this area.

Escalating the need for thermal paper across diverse end-use sectors, including ATMs, e-commerce, and retail. Companies, both public and private, active in this sector are progressively channeling investments into novel product innovation and advanced manufacturing techniques to enhance production efficiency. Furthermore, there is a concerted effort to expand production facilities, ensuring a robust supply chain for thermal paper.

Prominent industry participants have strategically positioned production facilities across various regions to cater to distinct geographical markets. Additionally, they employ diverse distribution channels at local levels, including collaborations with roll-converters, to ensure uninterrupted product availability. Manufacturers also directly engage with end-users, such as POS and label manufacturers, to facilitate direct supply relationships.

Thermal Paper Market Report Highlights

POS application segment held the largest share, due to surge in establishment of retail chains in the emerging nations

Tags & labels ganing traction, owing to the emergence of e-coomerce channels, and millennials usually prefer online mediums to purchase goods

APAC will grow at rapid pace, on account of favorable government investments in the manufacturing sector, rinsing urbanization, and rising income levels of middle class

The global players include Oji Holdings Corp., Thermal Solutions International, Iconex, Twin Rivers Paper, Appvion, Koehler Group, Mitsubishi Paper Mills, Hansol Paper, Gold Huasheng Paper, and Henan Province JiangHe Paper

Polaris Market Research has segmented the thermal paper market report based on application, and regions:

Thermal Paper, Application Outlook (Revenue - USD Million, 2019 - 2032)

POS

Tags & Label

Lottery & Gaming

Others

Thermal Paper, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa