Thermal Paper Market: Forecasted to Expand at a 5% CAGR Through 2030

Thermal Paper Market was valued at USD 4.65 Bn in 2023 and is expected to reach USD 6.54 Bn by 2030, at a CAGR of 5 % during the forecast period.

Thermal Paper Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Thermal Paper Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Thermal Paper market by thorough analysis, and projections are made up to 2030.

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Thermal Paper Market Scope and Methodology:

The Thermal Paper market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Thermal Paper market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.

Also, the research offers detailed insights into the dynamics of the Thermal Paper market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Thermal Paper market were developed. The study provides a thorough value chain analysis that clarifies the Thermal Paper production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Thermal Paper market on a global and micro level.

Thermal Paper Market Segmentation:

by Type

Conventional Thermal Paper
Top-coated Thermal Paper
Synthetic-base Thermal Paper

by Technology

Direct Thermal
Thermal Transfer

Direct Thermal and Thermal Transfer are the two market segments. Throughout the forecast period, the Direct Thermal category is anticipated to maintain its dominant market share, having dominated the market in 2023. Thermal paper is covered with a heat-sensitive layer using direct thermal technology, which is an easy and affordable procedure. The paper changes color when heat is applied through a thermal printer, producing text, graphics, or barcodes without the use of ribbons or ink. Because of its affordability and convenience of use, this technology is frequently utilized for applications such as point-of-sale (POS) systems, shipping labels, and receipt printing. Because direct thermal prints deteriorate over time when exposed to heat, light, or friction, it is recommended for situations where short-term print durability is adequate.

by Application

Point of Sale
Tags & labels
Lottery and Gaming
Others

The market is divided into four segments: Lottery and Gaming, Tags & Labels, Point of Sale, and Others. Throughout the forecast period, the Point of Sale sector is anticipated to maintain its dominant market share in the Thermal Paper industry, which it did in 2023. A point-of-sale (POS) machine is an electronic terminal that is used in a variety of establishments, such as retail stores, multiplexes, banks, and health facilities, to process transactions using a card (debit, credit, or other). Additionally, the growing use of credit and debit cards is probably going to increase demand for point-of-sale (POS) equipment globally. The rapid shift to digitization in developing nations and the growth of department shops are two reasons driving the need for point-of-sale (POS) machines. It is expected that POS machines will be in high demand.

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Thermal Paper Market Key Players:

1. Domtar Corporation (Fort Mill, South Carolina)
2. NAKAGAWA Manufacturing (USA), Inc. (Newark, CA)
3. Xiandai Paper Production (China)
4. Telepaper (Shah Alam, Malaysia)
5. Ricoh Industrie France SAS (Europe)
6. Koehler Paper (Oberkirch)
7. Hansol Paper Co Ltd (South Korea)
8. Henan Province JiangHe Paper Co. Ltd. (China)
9. Shandong Chenming Paper Holdings Ltd (Weifang, China)
10. Jujo Thermal Ltd. (Kauttua, Finland)
11. Oji Holdings Corporation (Tokyo, Japan)
12. Mitsubishi Paper Mills (MPM) Limited (Japan)
13. Appvion Incorporated (Appleton, WI)
14. Kanzaki Specialty Papers Inc. (Ware, Massachusetts)
15. Domtar Corporation (Montreal, Quebec)
16. Lecta Group (Spain)
17. Iconex LLC (USA)
18. Twin Rivers Paper Company (US)
19. Rotolificio Bergamasco Srl (Lombardia, Italy)

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Thermal Paper Market Regional Insights :

The size and trends in the Thermal Paper market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).

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Key questions answered in the Thermal Paper Market are:

What is Thermal Paper?
What was the Thermal Paper market size in 2023?
Which are the factors expected to drive the Thermal Paper market growth?
Who are the leading companies and what are their portfolios in Thermal Paper Market?
What growth strategies are the players considering to increase their presence in Thermal Paper?
What are the upcoming industry applications and trends for the Thermal Paper Market?
What will be the CAGR at which the Thermal Paper market will grow?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Thermal Paper Market?
What are the different segments of the Thermal Paper Market?
What is the growth rate of the Thermal Paper Market?
What segments are covered in the Thermal Paper Market?
Who are the key players in the Thermal Paper market?
What are the key challenges and opportunities in the Thermal Paper market?
Which application holds the highest potential in the Thermal Paper market?

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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective

Competitive landscape: market Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region

PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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