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Key Players Hold a Significant Revenue Share in Thermal Papers Market || Key Players: Koehler Paper Group, Nakagawa Manufacturing (USA), Inc., Siam Paper Public Company Limited, Jujo Thermal Ltd., Ricoh Company, Ltd.
According to Fact.MR, demand for thermal papers remains consolidated in North America. The estimates find that North America accounted for nearly one third of the global thermal papers consumption in 2018. Europe and APEJ followed suit in and generated comparable demand for thermal papers in 2018. Buoyancy in the end-use industries and a strong distribution network of prominent thermal paper provides in these regions are factors driving the sales of thermal papers.
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According to Fact.MR’s study, thermal papers market is likely to be complemented by steady demand from packaging and healthcare sectors.
In 2018, over 3.1 million tons of thermal papers were sold globally and the consumption is likely to grow at a subdued rate of 2.7% in 2019, according to Fact.MR’s latest study. Retail industry continues to be the largest end-user, accounting for over half of global demand in 2018. Macro trends impacting the retail industry are also rubbing off on thermal papers demand, according to Fact.MR’s latest study. Growing adoption of digital payment methods in retail stores is likely to result in declining demand.
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Thermal Papers Market Structure
The thermal papers market is studied thoroughly to derive the market segmentation. The thermal papers market is segmented based on thickness, by end-use industry, by application and by technology. The global thermal papers market study also covers market analysis in key regions.
Based on thickness, thermal papers market is segmented into 60-80 microns and 80-90 microns thicknesses. Based on end-use industry, the thermal papers market is segmented in retail industry, healthcare, packaging & labelling, printing & publishing, entertainment & transit and other end-use industries.
Increasing Demand for Tailor-Made Thermal Products
Thermal papers have been highly embraced for the application of labeling and packaging wherein multiple end-use industries such as food, logistics and production management. These end-users show significant demand for thermal papers and other thermal products such as thermal transfer ribbons.
Well aware of the demand trends, manufacturers in the thermal papers market are introducing tailored solution specific to different applications. For instance, the thermal labels used in the food industry are manufactured with different features such as heat resistance, metal detection and durability.
Thermal transfer technology is highly sought after in applications that demand a high level of product differentiation such as marketing, brand image, compact and detailed barcodes and certification labels.
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