Press release
Thermal Paper Market is Booming Worldwide at a CAGR of 5.7% with USD Value of 6.2 Billion by 2028
Thermal Paper market Overview
Qualitative analysis about Thermal Paper market status (2019 to 2028), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends (2019 to 2029), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analysed scientifically, the feature of product circulation and sales Distribution will be presented as well.The comprehensive Demand analysis of the Thermal Paper market will assist in managing better product differentiation, along with detailed understanding of the core capability of each activity involved. The Thermal Paper market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
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Traditional thermal paper used BPA as an organic acid developer to create the image on the paper. However, her BPA is being heavily regulated by the European Union and the US EPA due to pharmacological studies suggesting endocrine disruption and decreased fertility due to percutaneous absorption of BPA. That is why manufacturers are starting to replace it with newer products such as his BPS and his Pergafast-201. The manufacturer also uses developers such as his BPS-MAE, TGSA, d-8, d-90 which are considered safe for humans.
Industry participants continuously demand improved procurement practices through responsible sourcing and are actively engaged in changing supply chains. Procurement initiatives are reviewed and resolved by a dedicated team once procurement requirements are specified, contracts are drafted and decisions are made during the tender process. Additionally, industry insiders have started receiving data such as financial stability and his CO2 emissions from various suppliers for the pre-qualification process.
Standards set by the FDA on food labeling and packaging are expected to have a positive impact on the use of thermal paper, especially in the e-commerce supply chain. However, increasing use of electronic receipts in monetary transactions and purchases is expected to restrain market growth.
Following are the major Companies of Thermal Paper market - Ricoh, Oji, Appvion, Koehler, Hansol, Mitsubishi Paper Mills, Jujo Thermal, Nakagawa Manufacturing, Thermal Solutions Internationals, and Domtar and others.
KEY INDUSTRY DEVELOPMENTS:
July 2019 - Lecta announced that all the thermal paper it supplies in the European Union will be BPA-free, to comply with the prohibition announced by the EU from January 2020.
February 2020 - Domtar Corporation announced the acquisition of the POS paper business of Appvion Operations, Inc. The transaction includes acquirement of the coater and related equipment located at Appvion's Ohio based facility.
Thermal Paper market Segmentation:
Based on the industrial chain, this report mainly indicates the definition, types, applications and major players of Thermal Paper market in details.
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:
Thermal Paper market research targets on volume and value at regional Opportunity and company Trends From a global perspective, this report Study represents overall market analysed on historical data and future growth Aspects. Geographically, Thermal Paper market report focuses on following key regions: Americas, Europe, Asia-Pacific, Middle East & Africa and ROW.
The Asia-Pacific market accounted for approximately 33.9% of global sales share in 2021. This is due to the expansion of retail chains in the region due to the increasing consumer preference for readily available consumer goods. Moreover, increasing industrial activity in the region has increased the demand for thermal paper labels from end-users.
Growing markets for fast-moving consumer goods in emerging countries are leading to increased production capacity for these goods. This has increased the number of transactions at retail stores. These factors have greatly increased the demand for thermal paper for the production of labels, tags and POS receipts, boosting the thermal paper market.
Growth Market Overview:
Digital transformation of Thermal Paper industry verticals requires broadband services, thereby promoting growth. For instance, increasing online commerce for retail goods and services, digitalization of hospital records, e-government initiatives, and rapidly rising platforms for media and entertainment content are notably augmenting the market growth. Wireless technology holds immense potential in accelerating the global digital revolution across verticals through productivity enhancements and cost-effectiveness.
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Top Change Bringing Technologies
Industrial Internet of Things
Artificial Intelligence
Just in Time
Smart Packaging
Additive Manufacturing
Predictive Maintenance
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