Thermal Paper Market is expected to generate a revenue of USD 6.24 Billion by 2030, Globally, at 5.06% CAGR: Verified Market Research®

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Jan 13, 2023, 09:30 ET

The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global Thermal Paper Market.

JERSEY CITY, N.J., Jan. 13, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Thermal Paper Market" By Technology (Direct Thermal, Thermal Transfer), By Application (Point of Sale (POS), Lottery And Gaming, Tags And Label), and By Geography.

As per the deep research carried out by Verified Market Research®, the global Thermal Paper Market size was valued at USD 4.01 Billion in 2021 and is projected to reach USD 6.24 Billion by 2030, growing at a CAGR of 5.06% from 2023 to 2030.

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Browse in-depth TOC on "Thermal Paper Market"

202 - Pages
126 – Tables
37 – Figures

Global Thermal Paper Market Overview

A specific kind of paper called thermal paper is produced with a chemically active layer on one or both sides to help in inkless printing. These coatings are a concoction of chemical reactions that generate a picture when heated. The product is mostly utilized in direct thermal printers, which include arrays of tiny heating elements that alternately heat and cool while printing.

The print head's alternating heating and cooling elements create images on the surface material as the thermal paper flips between it and the platen roll. The thermal paper serves as a recording medium for printing using heat and a thermal printer. Thermal energy is transferred onto this paper directly to produce images. Due to their expanding use in creating lottery and gaming tickets, thermal papers will become more and more in demand.

For printing point of sale (POS) receipts at ATMs, gas stations, cash registers, credit card terminals, and similar services, thermal papers with a weight of 70 g/m2 or less are typically used. Hospitals, warehouses, retail stores, and the entertainment industry all employ point-of-sale (POS) machines to speed up checkout times and increase customer satisfaction. The growth of the retail industry and the extension of the network of hypermarkets and small shops are both accompanied by point-of-sale (POS) billing activities.

Over the course of the forecast period, the market is anticipated to be driven by the rising use of Point of Sale (PoS) devices for conducting retail transactions. The ticketing applications on buses, trains, and other commercial transportation vehicles make heavy use of the mobile POS terminals. Additionally, these devices are utilized for material management in industries like government buildings, manufacturing facilities, and retail establishments.

In addition, the pharmaceutical and food & beverage industries' increasing emphasis on labeling/providing a thorough description of ingredients in order to combat adulteration activities is anticipated to drive up product demand. Label, release liners, carbonless, décor, and kraft speciality papers are widely accessible and cater to unique application needs. It is a great packaging material for the food and beverage industry, cosmetics, and logistics due to improved moisture retention, enhanced pH levels, and hygiene. This product is utilized for marketing purposes in addition to security and transportation since it enhances the visual messages a package conveys.

Additionally, it is anticipated that the expanding use of Radio-Frequency Identification (RFID) tags in the healthcare sector will continue to be a positive factor for industry growth in the near future. Due to its ability to produce multi-color paper, developments in thermal transfer technology are also predicted to offer significant growth prospects during the projection period. Additionally, the market is anticipated to be driven by the increased demand for thermal paper for asset tagging and certification labels for cold storage products and laboratory specimens.

Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Thermal Paper Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Key Players

The "Global Thermal Paper Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Appvion Incorporated, Mitsubishi Paper Mills (MPM), Nakagawa Paper Rolls, Oji Holdings Corporation, Siam Paper, Jujo Limited, Ricoh Company, Ltd., PM Company, Koehler Paper, and Hansol Paper.

Based on the research, Verified Market Research® has segmented the global Thermal Paper Market into Technology, Application, and Geography.

Thermal Paper Market, by Technology

Direct Thermal
Thermal Transfer
Others

Thermal Paper Market, by Application

Point of Sale (POS)
Lottery & Gaming
Tags & Label
Others

Thermal Paper Market, by Geography

North America

U.S
Canada
Mexico

Europe

Germany
France
U.K
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

ROW

Middle East & Africa
Latin America

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