Thermal Paper Market Size 2022 by Industry Explosive Growth Opportunity, Top Manufacturers, Applications Till Growth Forecast 2029 | Ricoh, Oji, Appvion, Koehler, Hansol, Mitsubishi Paper Mills

The Global Thermal Paper Market is forecast to reach above USD 6.2 billion by 2028 by rising at a compound annual growth rate (CAGR) of 5.7% throughout the forecast period from 2019 to 2028

Thermal Paper Market Overview

Thermal paper is a sort of specialised paper that, when heated, changes colour and prints information without the use of traditional ink. The effect is achieved by covering the base paper with a mixture of heat-sensitive dyes and color-developers during the production process. Leuco dyes, organic acid developers, and sensitizers are among these substances. Leuco dye is a colourless crystalline powder that melts when heated and reacts with an organic acid, commonly known as a developer, to produce an opaque hue. Bisphenol-A (BPA) and Bisphenol-S are the most often utilised developers (BPS). This paper is generally used at POS terminals, ATMs, credit card terminals, and labelling machines. Due to the lack of typical inks, printing on this sort of paper is difficult.

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Industry Development
July 2019 - Lecta declared that all thermal paper it sells in the European Union will be BPA-free beginning in January 2020, in order to comply with the EU's ban.
Domtar Corporation announced the acquisition of Appvion Operations, Inc.'s POS paper business in February 2020. The coater and accompanying equipment at Appvion's Ohio factory will be acquired as part of the deal. Domtar's goal with this acquisition is to create a globally competitive POS paper business and provide new growth opportunities for the company.
Research Methodology:

To calculate the market size, the report considers the revenue generated from the sales of Thermal Paper market manufacturers. The revenue created from the sales of Thermal Paper Market has been calculated through primary and secondary research.

The market size assessment also considered leading players revenues as part of triangulation the key players considered are Ricoh, Oji, Appvion, Koehler, Hansol, Mitsubishi Paper Mills, Jujo Thermal, Nakagawa Manufacturing, Thermal Solutions Internationals, and Domtar and Others.

The Thermal Paper Market has been segmented as below:

Global Thermal Paper Market By Technology, 2019-2028, (IN USD Million)

Direct Thermal

Thermal Transfer

Global Thermal Paper Market By Application, 2019-2028, (IN USD Million)

POS Receipt

Tags & Labels

Tickets & Tokens

Others

Global Thermal Paper Market By Composition, 2019-2028, (IN USD Million)

Phenol Based

Phenol Free

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Thermal Paper Market: Regional Analysis

Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Thermal Paper market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.

Geographically, the market is dominated by APAC, North America and Europe.

Major Key areas that have been focused on in the report:

Raw material supply analysis
Major trends noticed in the Global Thermal Paper Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.

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