Thermal Paper Market Size, Share, Industry Trends and Forecast 2023-2028

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 refers to a type of specialty paper that is used as a recording medium in inkless printing. It consists of three layers of regular paper that act as a substrate; a base layer made with alkaline salts, gelatin and starch; and a top layer with a chemical coating of Bisphenol A (BPA) as a developer. Thermal paper is highly durable, has high sensitivity toward external adulteration, and changes color when exposed to heat and light. Due to its high reliability and convenience, thermal paper is also used in various applications such as labels, tickets, POS receipts, and medical charts.

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 global thermal paper market is primarily driven by its utilization across the banking, medical, and entertainment industries as thermal paper has the ability to provide a clear print for an extended period compared to traditional print paper. Furthermore, the expansion of the retail sector and increasing network of hypermarkets have increased point-of-sale (POS) billing operations, which is positively influencing the market growth. Moreover, with technological advancements, manufacturers are able to deliver multi-colored paper for asset tagging and certification labels for cold storage products and laboratory specimens. These factors are expected to exhibit a positive outlook for the market in the coming years.

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.

Explore full report with table of contents: https://www.imarcgroup.com/thermal-paper-market

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