Indonesia Direct Thermal Paper Market - Industry Trends and Forecast to 2031

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Indonesia Direct Thermal Paper Market - Industry Trends and Forecast to 2031

  • Chemical and Materials
  • Upcoming Report
  • Feb 2024
  • Country Level
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Indonesia Direct Thermal Paper Market, By Product Type (Top Coated, Non-Top Coated), Thickness (Upto 50 Microns, 51-80 Microns, More Than 81 Microns), Application (Tickets and Labels, Point of Sales (POS) Receipts, Lottery and Gaming, Others), End Use (Retail, Packaging and Labelling, Printing and Publishing, Healthcare, Others) - Industry Trends and Forecast to 2031.

 Indonesia Direct Thermal Paper Market Analysis and Size

Major factors that are expected to boost the growth of the direct thermal paper market in the forecast period are the rising number of automated teller machines (ATM) and widespread use across the printing and packaging industry. Furthermore, the stringent labeling requirements across various industries act as an opportunity for the market. On the other hand, increasing concerns over BPA toxic levels are anticipated to derail market growth.

Data Bridge Market Research analyzes that the Indonesia direct thermal paper market which was USD 43.94 billion in 2023, is likely to reach USD 68.47 billion by 2031, and is expected to undergo a CAGR of 5.70% during the forecast period of 2024 to 2031.  “Top coated” dominates the type segment of the direct thermal paper market owing to the more resistant nature of top-coated thermal paper to scratches and scuffs, light, moisture, and other environmental issues.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

 Indonesia Direct Thermal Paper Market Scope and Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Product Type (Top Coated, Non-Top Coated), Thickness (Upto 50 Microns, 51-80 Microns, More Than 81 Microns), Application (Tickets and Labels, Point of Sales (POS) Receipts, Lottery and Gaming, Others), End Use (Retail, Packaging and Labelling, Printing and Publishing, Healthcare, Others)

Countries Covered

Indonesia

Market Players Covered

Ricoh Electronics, Inc. (U.S.), Honeywell International Inc. (U.S.), MITSUBISHI PAPER MILLS LTD (Japan), UPM (Finland), Appvion Operations, Inc. (U.S.), AVERY DENNISON CORPORATION (U.S.), LINTEC Corporation (Japan), Asia Pulp & Paper (APP) Sinar Mas (Indonesia), Panda Paper Roll (Canada)

Market Opportunities

  • Advancements in direct thermal paper manufacturing techniques
  • Ability to provide customized solutions for different applications
  • Expansion of direct thermal paper usage into healthcare, logistics, and other sectors

Market Definition

Direct thermal paper refers to a type of specialty paper designed for thermal printing applications. This paper is chemically treated to produce high-quality images and text when heat is applied, eliminating the need for ink or ribbons. It is commonly used in point-of-sale systems, shipping labels, receipts, and other applications where efficient, cost-effective, and high-resolution printing is required. Indonesia, with its growing retail and logistics sectors, has a significant demand for direct thermal paper to support various businesses and industries in the country.

Indonesia Direct Thermal Paper Market Dynamics

Drivers

  • Expanding Retail Industry in Indonesia

As the country experiences an increase in modern supermarkets, convenience stores, and other retail establishments, there is a rising demand for efficient and high-quality direct thermal paper products. Retailers require direct thermal paper for printing receipts, labels, and price tags, creating a substantial market for these products. This demand is further amplified by Indonesia's growing middle-class population, which is contributing to increased consumer spending and, subsequently, the expansion of the retail sector.

Furthermore, the retail landscape in Indonesia is evolving with the expansion of e-commerce platforms. Many retailers are shifting to online sales, and direct thermal paper is essential for shipping labels, invoices, and order receipts in the e-commerce ecosystem. The amalgamation of traditional and e-commerce retail channels in Indonesia strengthens the driver role of the growing retail sector in boosting the demand for direct thermal paper.

  • Booming E-Commerce Sector

The country's expanding e-commerce industry, driven by increased internet penetration and smartphone usage, relies heavily on direct thermal paper for various functions, such as printing shipping labels, invoices, and packing slips. As consumers increasingly prefer online shopping, this trend has led to a surge in the volume of packages and orders that require direct thermal paper for documentation.

In addition, the COVID-19 pandemic accelerated the adoption of e-commerce in Indonesia as consumers sought contactless shopping options. This surge in online retail activity has had a profound impact on the demand for direct thermal paper, further solidifying its position as a critical driver in the market. As e-commerce continues to thrive, the direct thermal paper market in Indonesia is expected to witness sustained growth, driven by the digital retail revolution.

Opportunity

  • Advancements in Direct Thermal Paper Manufacturing Techniques

Technological advancements have enabled paper manufacturers to enhance the quality, performance, and sustainability of direct thermal paper products. These advancements include improved coating technologies, enabling direct thermal paper to offer higher resistance to factors like moisture, heat, and light. This not only enhances the durability of the paper but also widens its applicability in various industries.

Moreover, the incorporation of automation and digital printing techniques in the manufacturing process has increased efficiency and reduced production costs, making direct thermal paper more cost-effective for businesses. These manufacturing advancements facilitate the production of high-quality, eco-friendly direct thermal paper, aligning with the growing preference for sustainable products in today's market. As Indonesian manufacturers continue to leverage these technologies, it opens up exciting opportunities for the direct thermal paper industry to expand its product offerings and cater to a broader range of applications, from retail and logistics to healthcare and beyond.

Restraint/Challenge

  • Price Fluctuations in Raw Materials

Price competition in the paper industry is intense, and the cost of raw materials, particularly the chemicals used in thermal coatings, can be subject to fluctuations. This sensitivity to price is exacerbated by the need for advanced technologies to produce high-quality direct thermal paper. Consequently, manufacturers may face difficulty in maintaining competitive pricing while upholding product quality.

Furthermore, the price sensitivity can impact market stability as it may lead to thin profit margins, hindering investments in research and development or sustainable practices. The reluctance of some businesses to adopt direct thermal paper due to cost concerns could also limit the expansion of the market's customer base. Addressing price sensitivity by finding a balance between quality and cost remains a significant challenge for market players as they aim to capture and retain market share in Indonesia's dynamic and competitive direct thermal paper sector.

This direct thermal paper market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the direct thermal paper market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

  • In April 2023, Nissha and Koehler Paper cooperated to create sustainable Metivo advanced packaging paper made with Koehler Nexplus barrier paper
  • In September 2021, Appvion Operations, Inc. has launched a superior Dispersible Direct Thermal label solution. Dispersible is a unique material that looks, feels, and tears like ordinary direct thermal paper but has a distinguishing feature. It disperses in cold water, hot water, and most aqueous solutions. This product launch has helped the company to widen its product portfolio

Indonesia Direct Thermal Paper Market Scope

The direct thermal paper market is segmented on the basis of product type, thickness, application, and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Top Coated
  • Non-Top Coated

Thickness

  • Upto 50 Microns
  • 51-80 Microns
  • More Than 81 Microns

Application

  • Tickets and Labels
  • Point of Sales (POS) Receipts
  • Lottery and Gaming
  • Others

End Use

  • Retail
  • Packaging and Labelling
  • Printing and Publishing
  • Healthcare
  • Others

Competitive Landscape and Indonesia Direct Thermal Paper Market Share Analysis

The direct thermal paper market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Indonesia presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the direct thermal paper market.

Some of the major players operating in the direct thermal paper market are:

  • Ricoh Electronics, Inc. (U.S.)
  • Honeywell International Inc. (U.S.)
  • MITSUBISHI PAPER MILLS LTD (Japan)
  • UPM (Finland)
  • Appvion Operations, Inc. (U.S.)
  • AVERY DENNISON CORPORATION (U.S.)
  • LINTEC Corporation (Japan)
  • Asia Pulp & Paper (APP) Sinar Mas (Indonesia)
  • Panda Paper Roll (Canada)


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Table of Content

  1. introduction
    1. OBJECTIVES OF THE STUDY
    2. MARKET DEFINITION
    3. OVERVIEW of Indonesia direct thermal paper market
    4. LIMITATIONs
    5. MARKETS COVERED
  2. MARKET SEGMENTATION
    1. MARKETS COVERED
    2. years considered for the study
    3. currency and pricing
    4. DBMR TRIPOD DATA VALIDATION MODEL
    5. Product LIFE LINE CURVE
    6. MULTIVARIATE MODELLING
    7. primary interviews with key opinion leaders
    8. DBMR MARKET POSITION GRID
    9. MARKET Application COVERAGE GRID
    10. DBMR MARKET CHALLENGE MATRIX
    11. secondary sourcEs
    12. assumptions
  3. EXECUTIVE SUMMARY
  4. premium insights
  5. INDONESIA DIRECT THERMAL PAPER MARKET
  6. Market Overview
    1. drivers
      1. RisE IN THE number of the automated teller machines (ATMs)
      2. Widespread use across THE printing and packaging industry
      3. Significant growth in the retail sector
    2. restraints
      1. IncreasE IN concerns over BPA toxic levels
      2. RisE IN adoption of digital payment platforms
    3. OpportunitY
      1. Stringent labelling requirements across various industries
    4. Challenge
      1. Direct thermal paper may be sensitive to heat, light, and abrasion
  7. IMPACT OF COVID 19 on the indonesia direct thermal paper market
    1. AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVEs TO BOOST THE indonesia direct thermal paper market
    2. STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE
    3. IMPACT ON PRICE
    4. IMPACT ON DEMAND
    5. IMPACT ON SUPPLY CHAIN
    6. CONCLUSION
  8. Indonesia direct thermal paper market, BY PROdUct TYPE
    1. overview
    2. Top Coated
    3. Non-top Coated
  9. INDONESIA DIRECT THERMAL PAPER MARKET, BY Thickness
    1. overview
    2. Upto 50 Microns
    3. 51-80 Microns
    4. Above 81 Microns
  10. INDONESIA DIRECT THERMAL PAPER MARKET, BY Application
    1. overview
    2. Point of Sales (PoS)
    3. Tickets & Labels
    4. Lottery & Gaming
    5. Others
  11. INDONESIA DIRECT THERMAL PAPER MARKET, BY End-Use
    1. overview
    2. Packaging & Labelling
      1. TOP COATED
      2. NON-TOP COATED
    3. Retail
      1. TOP COATED
      2. NON-TOP COATED
    4. Printing & Publishing
      1. TOP COATED
      2. NON-TOP COATED
    5. Healthcare
      1. TOP COATED
      2. NON-TOP COATED
    6. Others
      1. TOP COATED
      2. NON-TOP COATED
  12. indonesia direct thermal paper Market: COMPANY landscape
    1. company share analysis: Indonesia
    2. announcementS
    3. new product developmentS
    4. partnership
  13. swot analysis
  14. company profile
    1. Ricoh Electronics, Inc.
      1. COMPANY SNAPSHOT
      2. Revenus analysis
      3. product portfolio
      4. RECENT DEVELOPMENT
    2. UPM
      1. COMPANY SNAPSHOT
      2. product portfolio
      3. RECENT DEVELOPMENTs
    3. AVERY DENNISON CORPORATION
      1. COMPANY SNAPSHOT
      2. Revenue analysis
      3. product portfolio
      4. RECENT DEVELOPMENT
    4. Honeywell International Inc.
      1. COMPANY SNAPSHOT
      2. Revenus analysis
      3. product portfolio
      4. RECENT DEVELOPMENTs
    5. MITSUBISHI PAPER MILLS LTD
      1. COMPANY SNAPSHOT
      2. Revenue analysis
      3. product portfolio
      4. RECENT DEVELOPMENT
    6. Appvion Operations, Inc.
      1. COMPANY SNAPSHOT
      2. product portfolio
      3. RECENT DEVELOPMENTs
    7. Asia Pulp & Paper (APP) Sinar Mas.
      1. COMPANY SNAPSHOT
      2. Revenus analysis
      3. product portfolio
      4. RECENT DEVELOPMENTs
    8. LINTEC Corporation.
      1. COMPANY SNAPSHOT
      2. Revenue analysis
      3. product portfolio
      4. RECENT DEVELOPMENTs
    9. Panda Paper Roll
      1. COMPANY SNAPSHOT
      2. product portfolio
      3. RECENT DEVELOPMENTs
  15. questionnaire
  16. related reports

List of Table

TABLE 1 Indonesia Direct Thermal Paper Market, By Product Type, 2019-2028 (USD Million)

TABLE 2 Indonesia Direct Thermal Paper Market, By Thickness, 2019-2028 (USD Million)

TABLE 3 Indonesia Direct Thermal Paper Market, By Application, 2019-2028 (USD Million)

TABLE 4 Indonesia Direct Thermal Paper Market, By End-Use, 2019-2028 (USD Million)

TABLE 5 Indonesia Packaging & Labelling IN Direct Thermal Paper Market, By Product Type, 2019-2028 (USD Million)

TABLE 6 Indonesia Retail in Direct Thermal Paper Market, By Product Type, 2019-2028 (USD Million)

TABLE 7 Indonesia Printing & Publishing in Direct Thermal Paper Market, By Product Type 2019-2028 (USD Million)

TABLE 8 Indonesia Healthcare in Direct Thermal Paper Market, By Product Type, 2019-2028 (USD Million)

TABLE 9 Indonesia OTHERS in Direct Thermal Paper Market, By Product Type, 2019-2028 (USD Million)

List of Figure

FIGURE 1 Indonesia direct thermal paper market: segmentation

FIGURE 2 INDONESIA DIRECT THERMAL PAPER MARKET: data triangulation

FIGURE 3 Indonesia direct thermal paper MARKET: DROC ANALYSIS

FIGURE 4 Indonesia direct thermal paper market: Regional VS country MARKET ANALYSIS

FIGURE 5 INDONESIA DIRECT THERMAL PAPER MARKET: COMPANY RESEARCH ANALYSIS

FIGURE 6 Indonesia direct thermal paper market: product LIFELINE CURVE

FIGURE 7 Indonesia direct thermal paper market: MULTIVARIATE MODELLING

FIGURE 8 INDONESIA DIRECT THERMAL PAPER MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 9 Indonesia direct thermal paper market: DBMR MARKET POSITION GRID

FIGURE 10 Indonesia direct thermal paper market: MARKET APPLICATION COVERAGE GRID

FIGURE 11 Indonesia Direct Thermal PAper: THE MARKET CHALLENGE MATRIX

FIGURE 12 Indonesia direct thermal paper market: SEGMENTATION

FIGURE 13 Rising number of the automated teller machine (ATM) is DRIVING the growth of the Indonesia direct thermal paper market FROM 2021 To 2028

FIGURE 14 TOP COATED SUB-SEGMENT IN product type is expected to account for the largest share of the Indonesia direct thermal paper market in 2021 & 2028

FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITy, AND CHALLENGE OF Indonesia Direct Thermal Paper MARKET

FIGURE 16 No. of ATMs per 100,000 adults in indonesia, 2010-2020

FIGURE 17 Values of electronic money transactions in indonesia, 2016-2021

FIGURE 18 INDONESIA DIRECT THERMAL PAPER MARKET: BY proDUCT TYPE, 2020

FIGURE 19 INDONESIA DIRECT THERMAL PAPER MARKET: BY thickness, 2020

FIGURE 20 INDONESIA DIRECT THERMAL PAPER MARKET: BY Application, 2020

FIGURE 21 INDONESIA DIRECT THERMAL PAPER MARKET: BY End-Use, 2020

FIGURE 22 indonesia direct thermal paper Market: company share 2020 (%)

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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Frequently Asked Questions

The Indonesia Direct Thermal Paper Market size will be worth USD 68.47 billion by 2031 during the forecast period.
The Indonesia Direct Thermal Paper Market growth rate is 5.70% during the forecast period.
The Expanding Retail Industry in Indonesia and the Booming E-Commerce Sector are the growth drivers of the Indonesia Direct Thermal Paper Market.
The product type, thickness, application, and end-use are the factors on which the Indonesia Direct Thermal Paper Market research is based.
The major companies in the Indonesia Direct Thermal Paper Market are Ricoh Electronics, Inc. (U.S.), Honeywell International Inc. (U.S.), MITSUBISHI PAPER MILLS LTD (Japan), UPM (Finland), Appvion Operations, Inc. (U.S.), AVERY DENNISON CORPORATION (U.S.), LINTEC Corporation (Japan), Asia Pulp & Paper (APP) Sinar Mas (Indonesia), Panda Paper Roll (Canada).