The global thermal paper market is predicted to grow at a 4.66% CAGRover the forecast period (2018-2023), reveals the latest Market Research Future(MRFR) report.
The thermal paper simply put, is a paper with specialty coating, whichallows inkless printing. As heat is applied through a thermal paper printer tothe coating, it results in a clear, sharp image, without any ribbons or ink.This technology is used in different sectors. Printing on these papers offerreliable, speedy, and high-definition images.
Leading players profiled in the thermal paper market report includeHansol Paper Co., Ltd (South Korea), Jujo Thermal Ltd. (Finland), Ricoh CompanyLtd (Japan), Koehler Paper Group (Germany), Mitsubishi Paper Mills Ltd.(Japan), Nakagawa Manufacturing, Inc., Oji Paper Ltd. (Thailand), and Appvion,Inc. (US).
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Thermal paper supports various formats of printing. The images printed onthermal paper do not smudge or fade over time and also lasts for long. Thermalpaper is widely used in thermal printing, a highly economical printingtechnology due to its low maintenance cost and low energy consumption. It hashuge application including office consumables, laboratory apparatus, credit ordebit card terminals, lottery machines, movie tickets, gaming equipment, ATM,and more.
Various factors are pushing the growth of the thermal paper market. Thesefactors, in accordance to the Market Research Future (MRFR) report, includeadvancements in thermal transfer technology, increasing demand forcertification labels (laboratory specimens and cold storage products) and assettagging, and growth of the manufacturing industry in emerging economies.Additional factors pushing the market growth include increasing urbanization,favorable government initiatives, changing consumer preferences, increasingdisposable income, and growth in the gaming industry.
On the contrary, fluctuating price and supply of raw materials, lack ofskilled labor, and a substantial increase in mobile or online POS are factorsthat may restrict the thermal paper market growth over the forecast period.
May 2019: Avery Dennison label and packaging material has introduced AT2550adhesive technology This fully recyclable adhesive technology will be an idealsolution for thermal paper labeling.
Market Segmentation
The Market Research Future report offers a wide segmental analysis of the ThermalPaper Market based on technology and application.
Based on technology, the thermal paper market is segmented into directthermal, thermal transfer, and others. Of these, the direct thermal segmentwill have the largest share in the market over the forecast period owing to itswide use at POS and ATMs.
Based on application, the thermal paper market is segmented into labels andtags, POS, lottery and gaming, and others. Of these, the POS segment willdominate the market over the forecast period. POS thermal paper offerssmudge-free, clear printing of receipts.
Regional Analysis
Based on the region, the thermal paper market report covers growthopportunities and the latest trends across the Asia Pacific, North America,Europe, and Rest of the World. Of these, North America will spearhead themarket over the forecast period. This is owing to increased demand from POSapplication, especially from Canada and the US. POS applications need thermalpaper for bills, acknowledgments, and receipts. The US is the key contributorhere as it houses the biggest international retail chains (Amazon and Walmart).
The thermal paper market in Europe will have the second largest share in themarket over the forecast period. This is owing to increasing sales of theretail industry, both from online and brick and mortar stores. Germany, UK, andthe Netherlands are the key contributors here.
The thermal paper market in the APAC region is predicted to grow at thehighest CAGR over the forecast period. This region is one of the fastestgrowing in terms of sales both from online and retail stores. With changingconsumer preferences and increasing disposable income, there has been aninclination to purchase from online stores, particularly international storessuch as Amazon. China is the key contributor here owing to the growing demandfor consumer goods coupled with increasing population.
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Scope of Report
The report for Global Thermal Paper Market of Market Research Futurecomprises of extensive primary research along with the detailed analysis ofqualitative as well as quantitative aspects by various industry experts, keyopinion leaders to gain the deeper insight of the market and industryperformance. The report gives the clear picture of current market scenariowhich includes historical and projected market size in terms of value andvolume, technological advancement, macro economical and governing factors inthe market. The report provides details information and strategies of the topkey players in the industry. The report also gives a broad study of thedifferent market segments and regions.
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