IMARC Group, a leading market research company, has recently released a report titled "Thermal Paper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The study provides a detailed analysis of the industry, including the global thermal paper market growth, size, trends, and share forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Thermal Paper Industry?
According to the report, The global thermal paper market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.
What is Thermal Paper?
Thermal paper refers to a type of specialty paper that is used as a recording medium in inkless printing. It consists of three layers of regular paper that act as a substrate; a base layer made with alkaline salts, gelatin and starch; and a top layer with a chemical coating of Bisphenol A (BPA) as a developer. Thermal paper is highly durable, has high sensitivity toward external adulteration, and changes color when exposed to heat and light. Due to its high reliability and convenience, thermal paper is also used in various applications such as labels, tickets, POS receipts, and medical charts.
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What are the growth prospects and trends in the Thermal Paper industry?
The global thermal paper market is primarily driven by its utilization across the banking, medical, and entertainment industries as thermal paper has the ability to provide a clear print for an extended period compared to traditional print paper. Furthermore, the expansion of the retail sector and increasing network of hypermarkets have increased point-of-sale (POS) billing operations, which is positively influencing the market growth. Moreover, with technological advancements, manufacturers are able to deliver multi-colored paper for asset tagging and certification labels for cold storage products and laboratory specimens. These factors are expected to exhibit a positive outlook for the market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
- Direct Thermal
- Thermal Transfer
Breakup by Application:
- Point of Sale (PoS)
- Lottery and Gaming
- Tags and Labels
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Appvion Operations Inc
- Gold Huasheng Paper Co. Ltd.
- Hansol Paper Ltd.
- Henan JiangHE Paper CO. LTD
- Jujo Thermal Ltd. (Nippon Paper Industries Co. Ltd)
- Koehler Group
- Lecta Group
- Mitsubishi Paper Mills Limited
- Nakagawa Manufacturing Inc.
- Oji Holdings Corporation
- Ricoh Company Ltd.
- Thermal Solutions International Inc.
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