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Thermal Paper Market to accrue significant gains by 2025

01-22-2020 07:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Thermal Paper Market

Thermal Paper Market

According to the report published by Global Market insights Inc., the global Thermal Paper Market was estimated at $ 2.6 billion in 2018 and is expected to hit $ 5.6 billion by 2025, registering a CAGR of 10% from 2019 to 2025. The report provides a detailed analysis of the market size & estimations, major investment pockets, top winning strategies, drivers & opportunities, competitive scenario, and wavering market trends.

Increasing demand for labelling owing to the fast expansion of e-commerce and retail industry will augment the industry expansion. Increasing product penetration in printing receipts at POS, ATM machines, price labels, has amplified the industry expansion. Adoption of cashless payment mode across several sectors including food & beverage, pharmaceutical, food services, retail industry and many more will propel the demand in forecasted time frame.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/4382

Thermal paper market share is poised for robust growth owing to thermal paper’s exceptional speed that propels faster printing of labels for shipping or packaging and receipts for customers. One of the striking features of thermal paper is that it substantially reduces maintenance cost as service is required less frequently and complicated repairs are kept at bay. Prominently, advent of thermal paper has brought paper ecosystem in the cusp of revolution.

Regional Growth drivers are:

• North America:- Rising need of POS thermal receipts to surge industry growth
• Europe: Rapid expansion of food and beverage sector
• Asia Pacific:- Growing packaging and printing industries to boost thermal paper market

Packaging and labelling industry are gaining traction due to the rapid growth of e-commerce industry. Widening array of application for printing price tags, invoice and receipts which contains important information which is needed during the logistics support for the product. Further, increasing demand by the end-user from sectors including retail, healthcare, food and beverage and other such products will provide lucrative opportunities for thermal line of business, contributing to industry expansion.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/4382

North America ruled the roost in thermal paper market share with a revenue share of over 30% in 2018. The rise of thermal paper industry was mainly attributed to rigorous guidelines to spot and display even subtle information of logistics, prescription drugs and packed food products. Nonetheless, the California Department of Consumer Affairs Board of Pharmacy sanctioned e-pedigree law in 2016 to streamline labelling, packaging and transactional details across supply chain. Further, unique 2D data printing matric codes underpinning thermal receipts have been aiding data maintenance on shipping products in digital forms.

Leading market players

The key market players analyzed in the global Thermal Paper Market report include Oji holdings, Ricoh Company Ltd., Appvion Inc, Koehler Paper, Hansol Paper, Mitsubishi Paper Mills (MPM) Limited, Siam Paper, Gold Huasheng Paper Co. Ltd., Henan Province JiangHe Paper Co. Ltd., Jujo Thermal Limited, Nakagawa Manufacturing Inc., Thermal Solutions International Inc., PM Company.

Read more: https://www.gminsights.com/industry-analysis/thermal-paper-market

Contact Us
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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