Global Thermal Paper Market, By Type (Top Coated, Non-Top Coated), Technology (Direct Thermal, Thermal Transfer, Others), Thickness (60-80 Microns, 80-90 Microns), Width (2.25”, 3.125”, Others), Application (POS Receipts, Lottery and Gaming Tickets, Labels and Tags, Others), End User (Retail Industry, Healthcare, Packaging and Labelling, Printing and Publishing, Entertainment and Transit, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Thermal papers are mainly used in the packaging and printing sectors to show billing systems and critical information. The thermal rolls are normally deployed and produced into the thermal printers for the printing techniques. The thermal papers are coated with particular inks which turn into black color when exposed to heat. The use of the thermal papers is getting decreased in transit and logistics as the change in temperature which can significantly hide the data printed on the papers, Due to the convenience and high reliability, thermal paper has wide usage in gas stations, catering, gaming houses, grocery stores, shopping malls, coffee shops, lottery systems, and bakery stores for printing labels, tickets, and receipts.The growing demand for the important applications in the end-user industries is offering beneficial opportunities for the growth of thermal paper market.
Data Bridge Market Research analyses that the thermal paper market was valued at USD 4.25 billion in 2021 and is expected to reach USD 6.61 billion by 2029, registering a CAGR of 5.67% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Top Coated, Non-Top Coated), Technology (Direct Thermal, Thermal Transfer, Others), Thickness (60-80 Microns, 80-90 Microns), Width (2.25”, 3.125”, Others), Application (POS Receipts, Lottery and Gaming Tickets, Labels and Tags, Others), End User (Retail Industry, Healthcare, Packaging and Labelling, Printing and Publishing, Entertainment and Transit, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Ricoh (Japan), Oji Holdings Corporation (Japan), Appvion L.L.C (US), Papierfabrik (UK), Koehler Paper (Germany), Mitsubishi HiTec Paper Europe GmbH (Germany), Hansol Europe B.V. (Netherlands), GOLD HUASHENG PAPER CO., LTD (China), Henan Province JiangHe Paper Co., Ltd (China), Thermal Solutions International, Inc (US), Jujo Thermal Ltd. (Finland), Rotolificio Bergamasco Srl (Italy), NAKAGAWA Manufacturing Inc (US), Twin Rivers Paper Company (US), Iconex LLC (US), SIAM EXPORT LTD PARTNERSHIP (Thailand), Shandong Chenming Paper Holdings Ltd (China), Guangdong Guanhao High-tech Co., Ltd. (China), Lecta Group (Spain), Domtar Corporation (US), Kanzaki Specialty Papers Inc. (US)
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Market Opportunities
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Market Definition
Thermal paper, sometimes also known as audit roll, is a special fine paper coated with a material formulated to change color when exposed to the heat. It is mainly used in thermal printers, mostly in lightweight or inexpensive cash registers, machines, and credit card terminals. Generally, the coating will change into black when it is heated, in presence of flame but coatings that turn blue or red are sometimes used. Although an open heat source, such as a flame, can fade the paper, a fingernail swiped quickly across the paper will often produce enough heat from friction to create a mark.
Thermal Paper Market Dynamics
Drivers
- Increase the demand for eco-friendly paper
POS (Point-of-Sale) systems are becoming gradually popular among restaurants, food chains, and food stores since they are progressively switching to time clocks and inventory systems. Fast-paced lives often compulsory for the use of thermal paper for parking tickets, tickets, and admission tickets, which is expected to growing the demand for eco-friendly paper which will enhance the growth of the market.
- Adoption of detailed labelling
The growing adoption of detailed labelling in the pharmaceutical sector is anticipated to push thermal paper market. These labels are used in the paper form and hallmark, which provides the details of the nutritional ingredients and avoids any copying practices. In the pharmaceutical sector, the thermal paper is used to deliver the information about expiry date and manufacturing date, bar codes, composition, and related data of products including injections, drugs, and pharmaceutical equipment.
- Demand of sustainable labelling practices
E-commerce and Logistics spaces are showing vigorous demand for sustainable direct thermal solutions. The demand for sustainable labelling practices is expected to drive the industry toward more renewing practices with recycled direct thermal papers.
Opportunities
The increasing number of trending digital payment options and technological advancements during the forecast period benefit the thermal paper industry. The rising demand for effective printers across several sectors, such as banking, healthcare, retail, and entertainment, will drive the growth rate of the thermal paper market globally. Using mobile phones or web-based applications needs a fast billing system. The point of sale (POS)S terminal machine keeps up-to-date information. Accordingly, the market for thermal paper is anticipated to upsurge with the increase of digital payment alternatives.
Restraints/ Challenges
The environmental regulations imposed on the production facility of the dye have restricted the manufacture of the dye and thereby hampers the overall growth of the thermal paper market. Thus, the fluctuation in the cost of the thermal paper industry's raw materials is considered the major limitation of thermal paper market growth. The growing usage of the POS systems and e-receipts in the retail stores are also negatively impacted the overall growth of the thermal paper market.
This thermal paper market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 thermal paper market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Thermal Paper Market
The outbreak of Covid-19 also affect, the thermal paper sector. This market are also experiencing the declination in the market during the pandemic, due to the decline in the production rates. However, the demand of the thermal paper are rapidly increases in the healthcare sectors, pharmaceutical industries, and packaging sectors during the pandemic. The demand for the labels and tags for the test samples, medical products was growing due to the rising the number of emergencies and COVID cases overall the world. The main factor to differentiating the blood samples or test samples in the laboratories were also growing during the epidemic, these factors were considered as the main market drivers of thermal paper market growth.
Global Thermal Paper Market Scope
The thermal paper market is segmented on the basis of type, technology, thickness, width, application and end-user. 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.
Type
- Top Coated
- Non-Top Coated
Technology
- Direct Thermal
- Thermal Transfer
- Others
Thickness
- 60-80 Microns
- 80-90 Microns
Width
- 2.25”
- 3.125”
- Others
Application
- POS Receipts
- Lottery and Gaming Tickets
- Labels and Tags
- Others
End User
- Retail Industry
- Healthcare
- Packaging and Labelling
- Printing and Publishing
- Entertainment and Transit
- Others
Thermal Paper Market Regional Analysis/Insights
The thermal paper market is analysed and market size insights and trends are provided by country, type, technology, thickness, width, application and end-user as referenced above.
The countries covered in the thermal paper market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
During the forecast period, North America dominates the thermal paper market in terms of revenue and market share. This is due to the increasing demand for thermal paper in this region. The North America region leads the thermal paper market, with the U.S leading due to the growing number of applications from many industries such as pharmaceutical, food and beverages, and other industries.
During the projected period, Asia-Pacific is anticipated to be the fastest developing region due to the increasing demand oforpackaged food products and gthe
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Thermal Paper Market Share Analysis
The thermal paper market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global 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 thermal paper market.
Some of the major players operating in the thermal paper market are:
- Ricoh (Japan)
- Oji Holdings Corporation (Japan)
- Appvion L.L.C (US)
- Papierfabrik (UK)
- Koehler Paper (Germany)
- Mitsubishi HiTec Paper Europe GmbH (Germany)
- Hansol Europe B.V. (Netherlands)
- GOLD HUASHENG PAPER CO., LTD (China)
- Henan Province JiangHe Paper Co., Ltd (China)
- Thermal Solutions International, Inc. (US)
- Jujo Thermal Ltd. (Finland)
- Rotolificio Bergamasco Srl (Italy)
- NAKAGAWA Manufacturing Inc (US)
- Twin Rivers Paper Company. (US)
- Iconex LLC (US)
- SIAM EXPORT LTD PARTNERSHIP (Thailand)
- Shandong Chenming Paper Holdings Ltd (China)
- Guangdong Guanhao High-tech Co., Ltd. (China)
- Lecta Group (Spain)
- Domtar Corporation (US)
- Kanzaki Specialty Papers Inc. (US)
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