Thermal Paper Market Analysis by Top Manufactures – Koehler Paper Group, Oji Holdings Corporation, Mitsubishi Paper Mills
The global thermal papers market size was USD 4.24 Billion in 2021 and is expected to register a revenue CAGR of 5.3% during the forecast period. Rising demand for thermal paper from logistics and e-commerce industries as well as increased ATM transactions and growing demand for specialized labels & tags from the food & beverage industry and retail industry are some of the key factors driving the revenue growth of the market.
Thermal printers do not require ink cartridges or ribbons; which most retail business owners prefer since it reduces costs. This is one of the reasons why most retail stores print their POS receipts using thermal paper. Also, thermal paper is increasingly used in credit card machines and portable POS systems. For instance, on 11 April 2022, Koehler introduced Blue4est paper as the next generation of thermal papers, which is environmentally beneficial. This paper is utilized as POS receipts, package labels, stock labels, and supermarket labels. Growing demand for thermal paper from the retail industry is driving the revenue growth of the market.
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Further key findings from the report suggest
Based on paper coating type, Non-Top coated thermal paper generated a revenue of USD 2.54 billion in 2019 and is expected to grow with a CAGR of 4.8% in the forecast period, owing to its superior fundamental characteristics It is utilized in many applications including accounts, operating logs, purchase order types, pricing quotations, contract documentation, incident information, and many others.
The POS receipts contributed to the largest market share in 2019. The market in the APAC region for POS receipts is the major shareholder of the Thermal Paper market and is likely to hold around 63.0% of the market the year 2027, as they are used in many sectors such as government facilities, production units, and retail centers for material management.
The Asia Pacific region dominated the market for Thermal Paper. The consistent focus on cost-effective and innovative procedures adopted in the area is driving the market. The Asia Pacific region holds approximately 35.0% of the Thermal Paper market, followed by North America, which contains around 28.0% market in the year 2019.
Key participants include : Koehler Paper Group, Oji Holdings Corporation, Mitsubishi Paper Mills (MPM), Ricoh Company Ltd., Siam Paper, Appvion Operations Inc., Nakagawa Manufacturing Inc., Jujo Limited, Hansol Paper, and Nakagawa Manufacturing Inc., among others.
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Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
Technology Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
Lottery & Gaming Tickets
Labels & Tags
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The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Thermal Paper market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Thermal Paper market.
The global Thermal Paper market is segmented into:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Questions Addressed in the Report:
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In the forecast period, which market segment is expected to rise the most?
What are the risks and challenges that the industry is facing?
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Who are the major players in the market?
What kind of strategic business plans have they made?
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