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The global thermal paper market was valued at USD 4.53 Billion in 2022 and grew at a CAGR of 6.22% from 2023 to 2032. The market is expected to reach USD 8.28 Billion by 2032. The increasing demand for thermal paper can be attributed to the rising demand for packaging and labelling. The thermal paper industry is increasingly used in different verticals due to its versatility.
Thermal paper is an excellent paper coated with a substance that changes colour when exposed to heat. It is used in thermal printers and incredibly portable gadgets like cash registers and credit card terminals. The retail, gambling, government, and hospitality industries can use thermal paper for thermal printers, POS systems, cash registers, and credit card terminals. A solid-state dye and matrix mixture is applied to the paper's surface. Thermal paper printing features high-definition graphics, dependability and durability. As thermal paper prints more quickly than traditional printing methods, it is helpful for high-volume printouts. The thermal paper can handle high-quality barcode scans and produces excellent-quality prints. Thermal papers save money and use less energy in the printer, but they also have a lot of size versatility.
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Versatility of thermal papers: Thermal papers are a crucial and adaptable paper solution in the digital age across various industries, and demand has been continuously rising. This adaptable substance is a special specialist paper that can create graphics by heat activation. The chemical coating changes colour when exposed to a quick temperature shift, enabling inkless printing. This heat-sensitive paper is ideal for end users who need quick and precise outputs because of its accuracy and printing speed. In addition, it is a more affordable option compared to many other printing materials on the market. Furthermore, using high-quality paper ensures that clients may maintain proof of purchases.
Fluctuating cost of raw materials: The market for thermal paper may be hampered by the fluctuating cost of raw materials. The production method of thermal paper deploys different technology acts as a restraint in the market. There are several costs associated with the process. Costs of raw materials are rising, supply of them is tightening, and environmental compliance costs are rising.
A growing number of digital transactions: In the past two years, digital payment transactions have increased quickly in emerging economies as the epidemic hastened switches to contactless payments and e-commerce. The growing number of real-time account-to-account and industry leaders invested in developing new technologies. Digital payment growth has been remarkably rapid in Asia. There is now more competition among banks, fintech firms, and new possibilities. The fintech company records transactions for accounting reasons and adapts to changing client needs by using thermal paper rolls in the POS systems without spending much money.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia-Pacific emerged as the most significant thermal paper market, with a 36.93% market revenue share in 2022.
Asia-Pacific region will account for the largest market share with revenue growth. Nations such as Japan, China and India have a tremendous demand for thermal paper due to growing requirements in the packaging and retail industry. Further, the increasing utilization of thermal paper in POS receipts and tags will lead to lucrative opportunities in the market.
Asia-Pacific region Thermal Paper Market Share in 2022 - 36.93%
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The printing technology segment is divided into thermal transfer, direct thermal and others. The direct thermal segment dominated the market, with a share of around 63.85% in 2022. Direct heat transfer creates the images or words on the thermal paper during the thermal printing process. Direct thermal printing uses a heat-sensitive medium that has been chemically modified to turn black as it travels over the thermal printhead.
The application segment is divided into tags and labels, point of sale, ticketing, lottery gaming and others. The point-of-sale segment dominated the market, with a share of around 54.21% in 2022. The manufacturers of thermal rolls pay careful attention to these details and provide a single type of thermal paper roll for all point-of-scale machines.
The end-users segment is divided into healthcare, retail industry, entertainment industry, packaging industry and others. The retail industry segment dominated the market, with a share of around 37.20% in 2022. Thermal paper rolls have much more to offer modern retail than merely the ability to print receipts. They contribute significantly to point-of-sale system effectiveness, are necessary for accurate record-keeping, and present memorable branding and marketing opportunities.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 4.53 Billion |
| Market size value in 2032 | USD 8.28 Billion |
| CAGR (2023 to 2032) | 6.22% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Printing Technology, Application and End-users |
As per The Brainy Insights, the size of the thermal paper market was valued USD 4.53 billion in 2022 to USD 8.28 billion by 2032.
Global thermal paper market is growing at a CAGR of 6.22% during the forecast period 2023-2032.
Asia-Pacific region emerged as the largest market for the thermal paper.
The market's growth will be influenced by the increasing demand of thermal paper in different end-user industries.
The fluctuating cost of manufacturing can hamper the market growth.
The growing investment in FMCG industry is providing huge opportunities to the market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Printing Technology
4.3.2. Market Attractiveness Analysis by Application
4.3.3. Market Attractiveness Analysis by End-users
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing use of thermal paper in different end-user industries
5.3. Restraints
5.3.1. Fluctuating cost of raw material
5.4. Opportunities
5.4.1. Increasing investment in FMCG industry
5.5. Challenges
5.5.1. Supply chain disruptions
6. Global Thermal Paper Market Analysis and Forecast, By Printing Technology
6.1. Segment Overview
6.2. Thermal Transfer
6.3. Direct Thermal
6.4. Others
7. Global Thermal Paper Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Tags and Label
7.3. Point of Sale
7.4. Ticketing
7.5. Lottery and Gaming
7.6. Others
8. Global Thermal Paper Market Analysis and Forecast, By End-users
8.1. Segment Overview
8.2. Healthcare
8.3. Retail Industry
8.4. Entertainment Industry
8.5. Packaging Industry
8.6. Others
9. Global Thermal Paper Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Thermal Paper Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Thermal Paper Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Lecta
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Oji Holdings Corp.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Koehler Group
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Appvion Inc.
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Mitsubishi Paper Mills Ltd.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Gold Huasheng Paper Co. Ltd.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Hansol Paper Co. Ltd.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Domtar Corporation
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Nakagawa Manufacturing
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Twin Rivers Paper Company
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Jujo Thermal Ltd
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Kanzaki Specialty Papers Inc
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Thermal Solutions International Inc.
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
List of Table
1. Global Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
2. Global Thermal Transfer, Thermal Paper Market, By Region, 2019-2032 (USD Billion)
3. Global Direct Thermal, Thermal Paper Market, By Region, 2019-2032 (USD Billion)
4. Global Others, Thermal Paper Market, By Region, 2019-2032 (USD Billion)
5. Global Thermal Paper Market, By Application, 2019-2032 (USD Billion)
6. Global Tags and Label, Thermal Paper Market, By Region, 2019-2032 (USD Billion)
7. Global Point of Sale, Thermal Paper Market, By Region, 2019-2032 (USD Billion)
8. Global Ticketing, Thermal Paper Market, By Region, 2019-2032 (USD Billion)
9. Global Lottery and Gaming, Thermal Paper Market, By Region, 2019-2032 (USD Billion)
10. Global Others, Thermal Paper Market, By Region, 2019-2032 (USD Billion)
11. Global Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
12. Global Healthcare, Thermal Paper Market, By Region, 2019-2032 (USD Billion)
13. Global Retail Industry, Thermal Paper Market, By Region, 2019-2032 (USD Billion)
14. Global Entertainment Industry, Thermal Paper Market, By Region, 2019-2032 (USD Billion)
15. Global Packaging Industry, Thermal Paper Market, By Region, 2019-2032 (USD Billion)
16. Global Others, Thermal Paper Market, By Region, 2019-2032 (USD Billion)
17. Global Thermal Paper Market, By Region, 2019-2032 (USD Billion)
18. North America Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
19. North America Thermal Paper Market, By Application, 2019-2032 (USD Billion)
20. North America Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
21. U.S. Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
22. U.S. Thermal Paper Market, By Application, 2019-2032 (USD Billion)
23. U.S. Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
24. Canada Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
25. Canada Thermal Paper Market, By Application, 2019-2032 (USD Billion)
26. Canada Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
27. Mexico Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
28. Mexico Thermal Paper Market, By Application, 2019-2032 (USD Billion)
29. Mexico Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
30. Europe Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
31. Europe Thermal Paper Market, By Application, 2019-2032 (USD Billion)
32. Europe Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
33. Germany Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
34. Germany Thermal Paper Market, By Application, 2019-2032 (USD Billion)
35. Germany Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
36. France Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
37. France Thermal Paper Market, By Application, 2019-2032 (USD Billion)
38. France Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
39. U.K. Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
40. U.K. Thermal Paper Market, By Application, 2019-2032 (USD Billion)
41. U.K. Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
42. Italy Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
43. Italy Thermal Paper Market, By Application, 2019-2032 (USD Billion)
44. Italy Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
45. Spain Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
46. Spain Thermal Paper Market, By Application, 2019-2032 (USD Billion)
47. Spain Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
48. Asia Pacific Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
49. Asia Pacific Thermal Paper Market, By Application, 2019-2032 (USD Billion)
50. Asia Pacific Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
51. Japan Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
52. Japan Thermal Paper Market, By Application, 2019-2032 (USD Billion)
53. Japan Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
54. China Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
55. China Thermal Paper Market, By Application, 2019-2032 (USD Billion)
56. China Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
57. India Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
58. India Thermal Paper Market, By Application, 2019-2032 (USD Billion)
59. India Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
60. South America Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
61. South America Thermal Paper Market, By Application, 2019-2032 (USD Billion)
62. South America Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
63. Brazil Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
64. Brazil Thermal Paper Market, By Application, 2019-2032 (USD Billion)
65. Brazil Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
66. Middle East and Africa Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
67. Middle East and Africa Thermal Paper Market, By Application, 2019-2032 (USD Billion)
68. Middle East and Africa Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
69. UAE Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
70. UAE Thermal Paper Market, By Application, 2019-2032 (USD Billion)
71. UAE Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
72. South Africa Thermal Paper Market, By Printing Technology, 2019-2032 (USD Billion)
73. South Africa Thermal Paper Market, By Application, 2019-2032 (USD Billion)
74. South Africa Thermal Paper Market, By End-user, 2019-2032 (USD Billion)
List of Figures
1. Global Thermal Paper Market Segmentation
2. Thermal Paper Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Thermal Paper Market Attractiveness Analysis by Printing Technology
9. Global Thermal Paper Market Attractiveness Analysis by Application
10. Global Thermal Paper Market Attractiveness Analysis by End-user
11. Global Thermal Paper Market Attractiveness Analysis by Region
12. Global Thermal Paper Market: Dynamics
13. Global Thermal Paper Market Share by Printing Technology (2022 & 2032)
14. Global Thermal Paper Market Share by Application (2022 & 2032)
15. Global Thermal Paper Market Share by End-user (2022 & 2032)
16. Global Thermal Paper Market Share by Regions (2022 & 2032)
17. Global Thermal Paper Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global thermal paper market based on below mentioned segments:
Global Thermal Paper Market by Printing Technology:
Global Thermal Paper Market by Application:
Global Thermal Paper Market by End-users:
Global Thermal Paper Market by Region:
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Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
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The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
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The supply side for a domain specific market is analysed by:
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In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
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