Thermal Paper Market Report 2023, Size, Trends, Growth and Forecast by 2028

The latest report by IMARC Group, titled "Thermal Paper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", 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.

Thermal paper, or audit roll, is a specialized type of paper that enables printing without the need for traditional ink. It is coated with a mix of heat-sensitive dyes and chemicals that undergo a color change when exposed to heat. In addition, it includes a base paper and several unique coating layers, specifically the recording side, which has coatings of precoat layer and a thermal layer. It is also coated with a combination of bisphenol A (BPA) and a developer chemical that reacts to heat exposure, causing the paper to darken. The printing involves heating small dots on the paper, creating a sharp and clear image or text that is resistant to fading and smudging. Moreover, it is extensively applied in lightweight devices such as casinos, credit card terminals, pay-at-the-pump machines, fax machines, point-of-sale (POS) systems, cash registers, kiosks, and mobile printers for quick and efficient printing of information. Nowadays, the significant use of POS terminals in public facilities is increasing the demand for thermal paper in food and beverage (F&B), tourism and hospitality, retail, gaming, banking, financial services, and insurance (BFSI) industries across the globe.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/thermal-paper-market/requestsample

Thermal Paper Market Trends and Drivers:

The market is primarily driven by the significant expansion in the e-commerce industry. In addition, the increasing use of thermal paper to print shipping labels, tags, and other related materials in the logistics sector is contributing to market growth. In line with this, the widespread adoption of point-of-sale (POS) systems in the expanding retail sectors and chains, shopping malls, grocery stores, gaming arenas, coffee shops, bakery stores, catering, and gas stations for printing tickets, labels, and receipts are influencing the market growth. Moreover, the technological advancements in thermal printing technology allow printers to produce high-quality prints at faster speeds representing another major growth-inducing factor. Besides this, the escalating demand for radio frequency identification (RFID) tags as they exhibit durability, security, and good temperature resistance properties is providing a positive thrust to the market growth. Along with this, the growing product application in the healthcare sector for printing medical records, patient identification wristbands, and prescription labels are propelling the market growth. Apart from this, the thermal paper market is growing at different rates in numerous regions, with Asia Pacific being the largest market due to the expanding e-commerce sector, several technological advancements, and widespread adoption of point of sale (POS) systems in the retail sector across the region. Moreover, the industry is expected to face competition in the upcoming years as numerous key players are implementing competitive strategies to sustain their presence in the market. For instance, in July 2019, Lecta made an announcement to supply BPA-free thermal paper in the European Union, to comply with the prohibition announced by the EU in January 2020. Furthermore, favorable government regulations mandating the use of bisphenol A (BPA)-free thermal paper and ongoing research and development (R&D) activities to develop advanced thermal printing technologies with lower heat requirements are creating a positive market outlook.

Report 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

Competitive Landscape with Key Player:

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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