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Thermal Paper Market Overview:
Thermal Paper Market is projected to reach US $5.8 billion by 2030, growing at a CAGR of 4.8% during the forecast period 2023-2030. The market for heat-sensitive paper is a rapidly growing industry that caters to various applications. This industry involves the production and distribution of paper that is responsive to heat. The demand for this specialized paper is increasing in sectors such as retail, hospitality, healthcare, transportation, and more. The market is also witnessing a shift towards digital printing and paperless transactions, which further fuels the demand for heat-sensitive paper.
The market is segmented based on different product types, including direct thermal paper, thermal transfer paper, top coated thermal paper, synthetic thermal paper, and other specialty types. Among these, direct thermal paper holds the largest market share due to its affordability and user-friendly nature.
Furthermore, the market is segmented based on various operations, such as point of sale printing, labels and tags printing, lottery and gaming ticket printing, mobile printing, and other specialized applications. Point of sale printing constitutes the largest segment, as thermal paper finds extensive use in printing receipts in the retail and hospitality industries.
Geographically, the Asia-Pacific region leads the market for heat-sensitive paper. This dominance is driven by the growing demand in emerging economies like China and India.The increasing appetite for packaged food products in China, coupled with the flourishing economies of India, is projected to drive demand for specialized labels and tags, which in turn, will positively impact the thermal paper industry.
Overall, the heat-sensitive paper market is projected to witness sustained growth in the coming years. This growth is attributed to the increasing adoption of thermal printing technology across various industries and the development of new applications and specialty types of heat-sensitive paper. The market will continue to evolve to meet the changing demands of industries and advancements in printing technology.
Market Snapshot:
Thermal Paper Market - Report Coverage:
The “Thermal Paper Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Thermal Paper Market.
| Attribute | Segment |
|---|---|
By Solution Type |
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By Component Type |
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By End-User |
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By Geography |
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Thermal Paper Market - Top Trends:
Increasing Demand for Point-of-Sale (POS) Applications: The thermal paper market is witnessing a surge in demand driven by the growing adoption in point-of-sale applications. The fast printing, high-quality image reproduction, and ease of use offered by thermal paper make it a preferred choice for receipts, labels, tickets, and other POS applications.
Shift towards Sustainable Options: Environmental concerns are shaping the thermal paper market, leading to a shift towards sustainable alternatives. Manufacturers and end-users are increasingly opting for eco-friendly options, such as BPA-free thermal paper and recyclable alternatives. This trend is driven by regulatory requirements and a growing preference for environmentally responsible products.
Integration of RFID and NFC Technologies: The integration of Radio-Frequency Identification (RFID) and Near Field Communication (NFC) technologies is gaining momentum. This integration enhances the functionality of thermal paper, enabling contactless payments, authentication, and tracking capabilities. Industries such as retail, logistics, and transportation are driving the demand for RFID and NFC-enabled thermal paper solutions.
Company Analysis for Thermal Paper Market
Oji Holdings Corporation: Oji Holdings Corporation is a Japanese company that operates in various sectors, including paper and pulp production. offering a wide range of products for POS applications, labels, and other uses It has been investing in advanced technologies, such as improved coating formulations and environmentally friendly options.
Appvion Operations, Inc: Appvion Operations, Inc. is a U.S.-based specialty paper manufacturer with a focus on thermal paper products. providing a comprehensive range of solutions for diverse applications. It has been investing in research and development to improve the performance and sustainability.
Koehler Paper Group: Koehler Group, headquartered in Germany, is a global manufacturer of specialty paper products. Extensive experience in paper manufacturing, commitment to quality and customer satisfaction, and continuous investment in process improvements. Koehler Paper Group has been focusing on enhancing the durability and eco-friendliness of its offerings, aligning with market demands.
Mitsubishi Paper Mills Limited: Mitsubishi Mills Limited is a Japanese company engaged in the manufacturing of paper and packaging products. Mitsubishi Paper Mills has been investing in research and development to develop next-generation products with enhanced durability and improved print quality.
Hansol Paper Co., Ltd: Hansol Co., Ltd. is a South Korean company specializing in paper manufacturing and related products. Hansol offers a diverse range of products for applications such as receipts, labels, and tickets. Wide product portfolio, emphasis on product customization to meet customer requirements, and strong market presence in Asia It has been expanding its production capacity and exploring opportunities for technological advancements in thermal paper manufacturing.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Thermal Paper Market Report. The top 10 companies in this industry are listed below:
- Appvion, Inc
- Gold Hua sheng Paper Co., Ltd.
- Hansol Paper Co
- Henan Province Jiang He Paper Co., Ltd.
- Koehler Paper Group
- Mitsubishi Paper Mills (MPM) Limited
- Oji holdings
- Ricoh Company, Ltd.
- Siam Paper Public Co. Ltd
- Jujo Thermal Ltd.
Scope of Report:
| Report Metric | Details |
|---|---|
Base Year Considered | 2022 |
Forecast Period | 2023 – 2030 |
CAGR | 4.8% |
Market Size in 2030 | $5.8 billion |
Segments Covered | Product Type, By Operation, By Application, By End-Use and By Geography |
Geographies Covered | North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, and Rest of South America), Rest of the World (Middle East and Africa). |
Key Market Players |
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1. Thermal Paper Market - Overview
1.1. Definitions and Scope
2. Thermal Paper Market - Executive Summary
3. Thermal Paper Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Thermal Paper Market - Start-up Companies Scenario
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Thermal Paper Market – Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Thermal Paper Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Thermal Paper Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Thermal Paper Market – by Product Type (Market Size – $Million/$Billion)
8.1. Direct Thermal Paper
8.1.1 Market Trends by Region
8.1.2 Market Size & Forecast by Region
8.2. Thermal Transfer Paper
8.2.1 Market Trends by Region
8.2.2 Market Size & Forecast by Region
8.3 Top Coated Thermal Paper
8.3.1 Market Trends by Region
8.3.2 Market Size & Forecast by Region
8.4 Synthetic Thermal Paper
8.4.1 Market Trends by Region
8.4.2 Market Size & Forecast by Region
8.5 Others
8.5.1 Market Trends by Region
8.5.2 Market Size & Forecast by Region
9. Thermal Paper Market – by Application (Market Size – $Million/$Billion)
9.1 Point of Sale
9.1.1 Key market trends, growth factors and opportunities
9.1.2 Market size and forecast, by region
9.1.3 Market analysis by country
9.2 Tags and Label
9.2.1 Key market trends, growth factors and opportunities
9.2.2 Market size and forecast, by region
9.2.3 Market analysis by country
9.3 Lottery and Gaming
9.3.1 Key market trends, growth factors and opportunities
9.3.2 Market size and forecast, by region
9.3.3 Market analysis by country
9.4 Ticketing
9.4.1 Key market trends, growth factors and opportunities
9.4.2 Market size and forecast, by region
9.4.3 Market analysis by country
9.5 Others
9.5.1 Key market trends, growth factors and opportunities
9.5.2 Market size and forecast, by region
9.5.3 Market analysis by country
10. Thermal Paper Market – by End-Use (Market Size – $Million/$Billion)
10.1 Packaging & Labelling
10.1.1 Market Trends by Region
10.1.2 Market Size & Forecast by Region
10.2 Printing
10.2.1 Market Trends by Region
10.2.2 Market Size & Forecast by Region
10.3 Retail
10.3.1 Market Trends by Region
10.3.2 Market Size & Forecast by Region
10.4 Others
10.4.1 Market Trends by Region
10.4.2 Market Size & Forecast by Region
11. Thermal Paper Market – by Geography (Market Size – $Million/$Billion)
11.1 North America
11.1.1 The U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 UK
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia & New Zealand
11.3.6 Rest of Asia-Pacific
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Chile
11.4.4 Colombia
11.4.5 Rest of South America
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Thermal Paper Market – Entropy
12.1 New product launches
12.2 M&A’s, collaborations, JVs and partnerships
13. Thermal Paper Market – Industry/Segment Competition Landscape
13.1 Market Share Analysis
13.1.1 Market Share by Product Type – Key Companies
13.1.2 Market Share by Region – Key Companies
13.1.3 Market Share by Country – Key Companies
13.2 Competition Matrix
13.3 Best Practices for Companies
14. Thermal Paper Market – Key Company List by Country Premium
15. Thermal Paper Market - Company Analysis
15.1 Appvion, Inc
15.2 Gold Hua sheng Paper Co., Ltd.
15.3 Hansol Paper Co
15.4 Henan Province Jiang He Paper Co., Ltd.
15.5 Koehler Paper Group
15.6 Mitsubishi Paper Mills (MPM) Limited
15.7 Oji holdings
15.8 Ricoh Company, Ltd.
15.9 Siam Paper Public Co. Ltd
15.10 Jujo Thermal Ltd.
15.11 Nakagawa Manufacturing (USA), Inc.
15.12 Shandong Chumming Paper Holdings Ltd
15.13 PM Company L.L.C.
15.14 Guangdong Guanhao High-Tech Co., Ltd.
15.15 Jiangsu Wampolet Paper Co., Ltd
15.16 Papierfabrik August Koehler SE
15.17 Thermal Solutions International, Inc.
15.18 Rotolificio Bergamasco Srl
15.19 Twin Rivers Paper Company.
15.20 Iconex LLC
15.21 Lecta Group
15.22 Domtar Corporation
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Thermal Paper Market is projected to grow at 4.8% CAGR during the forecast period 2023-2030.
Thermal Paper Market size is estimated to reach $ 4 billion by 2030
top Companies in the Thermal Paper Market are Oji Holdings, Hansol Paper Co.,Gold Hua sheng Paper Co.,Ltd. Appvion, Inc .Koehler Paper Group,Jujo Thermal Ltd.