Thermal Paper Market Research Shows Technological Innovation Reshaping Industry Landscape

According to a new research report published by Allied Market Research, the global thermal paper market was valued at $3.4 billion in 2021 and is projected to reach $5.7 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.

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The study provides a comprehensive understanding of the influencing factors responsible for the expansion of the market. It states that growth of retail chains in emerging markets such as China and India are expected to boost the use of POS terminals, contributing to the landscape. Additionally, government initiatives aimed at supporting the food and pharmaceutical sectors in these regions are projected to increase the demand for thermal paper in packaging and labeling. Moreover, the availability of numerous raw material suppliers for base paper is also anticipated to positively influence the thermal paper industry.

To improve their procurement processes, industry stakeholders are focusing on responsible sourcing and proactive supply chain management. This involves defining sourcing requirements, drafting contracts, and reviewing procurement strategies during the tendering phase with a dedicated team. Furthermore, companies are increasingly gathering information from various suppliers during the pre-qualification process, assessing factors such as financial stability and carbon emissions.

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Leading Players in the industry

Koehler Paper

Mitsubishi Paper Mills Limited

Appvion

Oji Holdings Corporation

Thermal Solutions International Inc.

Nakagawa Manufacturing

Domtar Corporation

Jujo Thermal Ltd

Kanzaki Specialty Papers Inc.

Twin Rivers Paper Company

Rotolificio Bergamasco Srl

Lecta

Hansol Paper Co. Ltd.

Henan Province JiangHe Paper Co. Ltd.

Panda Paper Roll

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Industry Insights:

In April 2024, Kite Packaging unveiled its latest line of thermal labels and printers, expanding its product portfolio. The new range included a variety of direct thermal and thermal transfer printers, complemented by consumables, labels, and ribbons. Designed to cater to diverse budgets and needs, Kite's offerings were tailored for start-ups, mid-sized enterprises, and large corporations.

During the same time, Lecta introduced a new thermal facestock designed explicitly for linerless label production. By eliminating the traditional liner, linerless labels offered a significant opportunity to reduce waste in the labeling industry. This Ineris-certified, top-coated, phenol-free facestock was suitable for barcode and variable printing applications in logistics and retail, providing high-quality and durable results. By providing important updates like these, AMR's study keeps the business owners updated about the industry affairs. This helps them in gaining an edge over their competitors in the scenario.

Regional Highlights:

The report mentions that Asia dominates the thermal paper market due to increased consumer demand for conveniently available products and the rise of retail chains in the region. China, a significant Asian market shareholder, has experienced remarkable growth in its industries over the past few decades. The region's growing industrial activity has increased the demand for thermal paper in labeling applications. The expanding market for FMCG in developing nations has necessitated increased manufacturing capacity. Consequently, the volume of transactions at retail outlets has driven up the demand for thermal paper.

India's industrial labels market shows significant potential due to increasing market growth and recovery. The government is supporting the market by educating consumers about proper labeling practices. Additionally, the rising trend of online shopping and improved warehouse operations are expected to boost the market during the forecast period. According to IBEF, India's e-commerce industry is projected to reach $ 350 billion by 2030.

To conclude, the global thermal paper market report by AMR provides an important analysis of market dynamics, development trends, market updates, and the competitive landscape. This valuable information enables businesses and stakeholders to make informed decisions, take advantage of emerging developments, and remain competitive in the growing industry.

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