Thermal Paper Market 2019-2023 | Worldwide Overview By Appvion, Oji Paper, Koehler Paper, Ricoh, Jujo Thermal, Mitsubishi and Nakagawa Manufacturing

Global Thermal Paper Market Information Report, By Technology (Direct Thermal, Thermal Transfer, and Others), By Application (POS, Lottery & Gaming, Labels & Tags, and Others) and By Region - Global Forecast To 2023

The key players of global thermal paper market are Appvion, Inc. (U.S.), Oji Paper (Thailand) Ltd. (Thailand), Koehler Paper Group (Germany), Ricoh Company Ltd (Japan), Jujo Thermal Ltd. (Finland), Mitsubishi Paper Mills Ltd. (Japan), Hansol Paper Co., Ltd (South Korea), and Nakagawa Manufacturing , Inc. (U.S.).

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Market Insights

Market Research Future has determined that the growth of the global thermal paper market is anticipated at a CAGR of 4.66% during the assessment period. At the projected rate of growth, the global thermal paper market is likely to reach an evaluation of USD 4,391.0 Mn by the end of the forecast period. Thermal paper is essentially a special fine paper which is coated with thermal sensitive material which changes color when exposed to heat. Thermal papers are most commonly used in thermal printers, adding machines, and cash registers among others.

The growth of the packaged food industry has significantly impacted the global thermal paper market due to the high demand for packaged food. Thermal paper is also used in the entertainment sector for the lottery and other gaming. The growth of the global retail sector due to the growth of capitalism and consumerism has had a huge positive impact on the growth of the global thermal paper market. Increasing urbanization and the growth of the manufacturing sector in the emerging economies of the world have resulted in the expansion of commercial activities, such as retail, gaming, packaging and several others. As a result, the demand for thermal paper is expected to remain steady over the forecast period. Moreover, with the expansion of the BFSI sector, many consumers have accounts and ATM cards or payment cards. The increasing uses of such cards have resulted in an increase in ATM machines. This has had a positive impact on the global thermal paper market.

The market is primarily restrained by the fluctuating supply and prices of raw materials required in the production of thermal paper. Moreover, there is a lack of skilled labor which is also impacting market growth. Growth in the gaming industry and increasingly favorable government initiatives are expected to offer the market with plenty of room to grow.

Market Segmentation

The global thermal paper market was segmented, in MRFR's report on the basis of technology, application, and region. Technology has been segmented into thermal transfer, direct thermal, and others. Direct thermal technology directly creates the image on the thermal paper without using a ribbon. This segment has acquired the largest share of the market as its most widely used in ATMs and at POS. However, the thermal transfer technology segment is slated to grow at the swiftest pace as it can be used to produce a durable and long-lasting image. This technology is often used to create durable wristbands, labels, tags, and tickets.

Application has been segmented into lottery & gaming, POS, labels & tags, and others. The point of sale (POS) segment accounted for a share of 58.90% in 2016. Thermal paper is ideal in most transaction printers. POS thermal paper provides clear, smudge-free printing of receipts. The lottery and gaming segment accounted for the second largest share of the market.

Regional Analysis

North America led the market with a majority share of 37.27% in 2016. Valued at USD 1,197.4 Mn, the North American thermal paper market has a high demand for the product primarily due to POS applications. The widespread adoption of the internet and POS terminals across the region is a key driver of the regional market. The Asia Pacific, however, is growing at the highest CAGR during the assessment period. The regions rapid economic growth has resulted in urbanization expansion, increased disposable income and growth in the retail sector.

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Scope of Report

The report for Global Thermal Paper Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

TABLE OF CONTENTS

1 Executive Summary

2 Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Assumptions
2.4 Market Structure

3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

4 Market Dynamics
4.1 Drivers
4.1.1 Growth In Packaged Food Industries
4.1.2 Growth In Pharmaceutical Industry
4.1.3 Increase In The Number Of ATM Machines
4.1.4 Growth In Retail Industry
4.2 Restraints
4.2.1 Fluctuating Supply And Prices Of Raw Materials
4.2.2 Availability Of Skilled Labor
4.3 Opportunities
4.3.1 Significant Growth In Italy Gaming Industry And Favourable Government Initiatives

5 Market Factor Analysis
5.1 Porter's Five Forces Analysis
5.1.1 Threat Of New Entrants
5.1.2 Bargaining Power Of Suppliers
5.1.3 Bargaining Power Of Buyers
5.1.4 Threat Of Substitutes
5.1.5 Rivalry
5.2 Value Chain Analysis
5.3 Economic Parameter And Trends
5.3.1 North America
5.3.2 Europe
5.3.3 Asia Pacific

Continued......

List of Tables

Table 1 Market Synopsis
Table 2 U.s.: Usage of Banking Services, 2015 (%)
Table 3 Global Thermal Paper Market, by Technology, 2015-2023 (Usd Million)
Table 4 Global Thermal Paper Market, by Technology, 2015-2023 (Kt)
Table 5 Global Thermal Paper Market, by Application, 2015-2023 (Usd Million)
Table 6 Global Thermal Paper Market, by Application, 2015-2023 (Kt)
Table 7 Global Thermal Paper Market, by Region, 2015-2023 (Usd Million)
Table 8 Global Thermal Paper Market, by Region, 2015-2023 (Kt)
Table 9 North America: Internet Penetration (%)

Continued.....

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