Thermal Paper Market Competitive And Growth Analysis 2024 | Ricoh Corporation, Oji Holdings Corporation, Appvion InCorporated, Jujo Thermal Limited

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Thermal Paper Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $6.62 billion In 2028 At A CAGR Of 8.5% :

The thermal paper market size has grown strongly in recent years. It will grow from $4.39 billion in 2023 to $4.77 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to growth of banking and financial services, logistics and transportation sector growth, healthcare industry demand, government initiatives for digital receipts, convenience in label printing, environmental and cost considerations.

The thermal paper market size is expected to see strong growth in the next few years. It will grow to $6.62 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to expansion of smart packaging, rise of contactless payment systems, demand in emerging economies, shift towards sustainable thermal pape, customization and branding needs. Major trends in the forecast period include advancements in printing technologies, increasing use of bpa-free thermal papers, customization and specialty thermal papers, growing retail and point-of-sale (pos) applications, collaborations and partnerships.

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Thermal Paper Market Major Segments
The thermal paper market covered in this report is segmented -

1) By Type: Top Coated, Non-Top Coated
2) By Technology: Direct Thermal, Thermal Transfer, Other Technologies
3) By Thickness: 60-80 Microns, 80-90 Microns
4) By Application: POS Receipts, Lottery and Gaming Tickets, Labels and Tags, Other Apllications
5) By End User: Retail Industry, Healthcare, Packaging and Labelling, Printing and Publishing, Entertainment and Transit, Other End Users

Key Driver - Rising Demand For Sustainable Labelling Drives Growth In The Thermal Paper Market

The demand for sustainable labelling practices is driving the growth of the thermal paper market. Sustainable direct thermal solutions are in high demand in the e-commerce and logistics industries. The industry is projected to move toward more renewing methods with recycled direct thermal papers as demand for sustainable labeling standards grows. For instance, in February 2022, according to the FATitudes survey conducted in 2021 among approximately 6,000 primary grocery shoppers in 11 countries by Cargill Incorporated, a US-based food corporation, more than half (55%) of customers worldwide are more likely to buy a packaged food item that is labelled with a sustainability label promise. 37 percent of the 550 Americans who took part in the survey claimed that a sustainability claim will affect their purchasing decisions, which is a six-point rise from 2019. Therefore, the demand for sustainable labelling practices is expected to propel the growth of the thermal paper market over the coming years.

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Prominent Trend - Technological Advancements Transforming The Thermal Paper Market

Technological advancement is a key trend gaining popularity in the thermal paper market. Major companies operating in the thermal paper market are focused on developing technologically advanced products to sustain their market position. For instance, in August 2022, VFP Ink Technologies, a Germany-based company engaged in developing and manufacturing high-tech industrial inks and varnishes, launched 1470579 Blue Clean 70 g/m2, a new chemical-free thermal paper. The product is suitable as a food-contact adhesive material. The new material can be printed on commonly used direct thermal printers and is developer-free. It features a four-layer structure made up of plain paper, a layer of black pigment, an opaque functional layer that gives the paper its blue coloration, and a layer of protection against mechanical harm. The opaque layer turns translucent when heated, revealing the black layer behind, and this is how the printed picture is physically produced.

Thermal Paper Market Players
Major companies operating in the thermal paper market report are Ricoh Corporation, Oji Holdings Corporation, Appvion InCorporated, Jujo Thermal Limited, Lecta Group, Koehler Paper Group, Mitsubishi HiTec Paper Europe GmbH, Hansol Europe BV, Gold HuaSheng Paper Company Limited, Papierfabrik Wattens GmbH & Co. KG, Henan Province JiangHe Paper Company Limited, Thermal Solutions International Inc., Rotolificio BergamasCo. Srl, PM Company LLC, Nakagawa Manufacturing Co. Ltd., Siam Paper Co. Ltd., Nantong Xiujun Imp.& Exp.Co. Ltd., Zhejiang Youcheng New Materials Co. Ltd., Shanxi Oceano Paper Co. Ltd., Tianjin Jinlida Paper Co. Ltd., Jiangsu Guoli Science & Technology Co. Ltd., Xiandai Paper Co. Ltd., PapiCo. Ltd., Guofeng Fine Paper Co. Ltd., RP Paper Impex Pvt. Ltd., Apex Paper International Inc., Stellar Paper Products Private Limited, Daio Paper Corporation, TOPPAN PRINTING COMPANY Ltd., Canon Inc.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the thermal paper market in 2023. The regions covered in the thermal paper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Thermal Paper Market Report Structure
3. Thermal Paper Market Trends And Strategies
4. Thermal Paper Market - Macro Economic Scenario
5. Thermal Paper Market Size And Growth
…..
27. Thermal Paper Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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