Thermal Papers Market to 2026 Set to Grow According to Forecasts || Key Players: Siam Paper Public Company Limited, Jujo Thermal Ltd., Ricoh Company, Ltd., and Shandong Chenming Paper Holdings 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.

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.

By application, the thermal papers market is segmented in point of sale, lottery & gaming, labels & tickets and other applications. By technology, the thermal papers market is segmented in direct thermal and thermal transfer categories.

The thermal papers marketplace is witnessing increase in prices of thermal papers owing to the rising cost of pulp and other raw materials used in the manufacturing. In addition, global shortage in the leuco dye supply chain, the highly utilized dye in the thermal paper industry, has led to an unprecedented rise in the cost of thermal papers. On the back of these developments, thermal paper manufacturers have increased the prices of thermal paper.

In February 2018, Jujo Thermal announced a price increase for its direct thermal paper by 10-15%, effective from 1st March 2018.
In March 2018, Koehler Paper announced an increase in thermal paper prices by 10-12% for new orders.
In May 2018, Mitsubishi announced a price increase for its THEMOSCRIPT® thermal paper range by 10%, effective from 1st July 2018.
In July 2017, Lecta announced a price hike for its thermal and carbonless papers by 6%, effective from September 2017.
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.

Key Players Hold a Significant Revenue Share in Thermal Papers Market

Prominent players are actively engaged in improving their product portfolio by introducing innovative and durable products. With their strong global presence and an effective distribution network, these players hold a significant share in thermal papers market.

Other players in the thermal papers market are regional operators, predominantly Chinese companies. These players fill the demand gaps of domestic supply chain wherein they fulfil the requirement of low cost and temporary solutions of local industries.

Thermal Papers Market – Notable Highlights

In September 2018, Appvion introduced a new line of direct thermal label and tag facestocks at Labelexpo Americas 2018. The company has partnered with Colordyne Technologies and AzCoat to launch the new product line which features Appvion’s Triumph WB-3.2 labelstock laminated by AzCoat and printed on Colordyne’s 3600 Series-AQ Retrofit digital press.
Mitsubishi Paper Mills also showcased its specialty coated paper range which included THERMOSCRIPT thermal papers at Labelexpo America 2018. The range covered phenol-free, linerless thermal papers for multiple applications including labels, tickets, receipts or lottery tickets.
In February 2018, Oji Holdings Corporation and Mitsubishi Paper Mills entered in a capital alliance agreement wherein Oji Holdings bought 33% stake in Mitsubishi Paper Mills. The agreement will lead to benefits wherein each company is expected to save approximately 19 million Euros in 2021.
In May 2018, the European Chemicals Agency (ECHA) announced in a press release that EU paper manufacturers have significantly replaced bisphenol A (BPA) with alternative bisphenol S (BPS). However, ECHA’s Risk Assessment Committee indicated that BPS is supposed to have the same adverse health effects as BPA. While EU Commission’s ban on BPA will take effect in 2020, ECHA has been asked to closely investigate the use of BPS until the industry finds a safe alternative.
In second quarter of 2017, the Dow Chemical Company and Koehler launched thermal printing paper without bisphenols and were jointly awarded a U.S. EPA Green Chemistry Challenge Award.
The thermal papers market report also features other key players operating in the global space. The profiled players include Koehler Paper Group, Nakagawa Manufacturing (USA), Inc., Siam Paper Public Company Limited, Jujo Thermal Ltd., Ricoh Company, Ltd., and Shandong Chenming Paper Holdings Ltd.

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