Thermal Paper Market 2023, Share, Size, Trends, Growth and Forecast 2028

IMARC Group, a leading market research company, has recently released a report titled "Thermal Paper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The study provides a detailed analysis of the industry, including the global thermal paper market growth, size, trends, and share forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What Are The Growth Prospects Of The Thermal Paper Industry?

According to the report, The global thermal paper market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.

What is Thermal Paper?

Thermal paper is a widely used type of specialty paper that is coated with a chemical formulation on one side, allowing it to react to heat. When heat is applied to the coated side, the paper undergoes a color change, producing an image or text. This unique characteristic makes thermal paper highly suitable for applications such as receipts, labels, tickets, and other printed materials that require quick and easy printing without the need for ink or ribbons. The working principle of thermal paper is based on thermal printers that use heat-sensitive print heads to apply heat selectively, creating the desired output on the paper. The key components of thermal paper include base paper, a thermal coating, and a protective layer.

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What are the growth prospects and trends in the Thermal Paper industry?

The global thermal paper market is poised for significant growth, driven by the expanding retail industry, and the booming e-commerce sector. Furthermore, the stringent regulations imposed by various governments regarding the accurate maintenance of records and documentation in sectors, such as healthcare and transportation, are fueling the market growth. With its ability to provide clear and legible prints, thermal paper is a preferred choice for printing medical charts, prescriptions, laboratory labels, and transportation tickets. Besides this, the need for reliable and tamper-evident printing solutions, coupled with the convenience offered by thermal paper, has positioned it as an indispensable component in these industries, further accelerating the market growth. Additionally, the increasing implementation of labeling and tracking systems across diverse sectors, such as logistics, food packaging, and manufacturing, and the rising adoption of thermal paper in the healthcare industry are other driving factors. In line with this, the escalating product use for printing diagnostic test results, patient identification bands, and prescription labels is supporting the market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Technology:

Direct Thermal
Thermal Transfer

Breakup by Application:

Point of Sale (PoS)
Lottery and Gaming
Tags and Labels
Others

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Appvion Operations Inc
Gold Huasheng Paper Co. Ltd.
Hansol Paper Ltd.
Henan JiangHE Paper CO. LTD
Jujo Thermal Ltd. (Nippon Paper Industries Co. Ltd)
Koehler Group
Lecta Group
Mitsubishi Paper Mills Limited
Nakagawa Manufacturing Inc.
Oji Holdings Corporation
Ricoh Company Ltd.
Thermal Solutions International Inc.

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