Driving Thermal Paper Market Growth in 2025: The Role of Rising Demand For Sustainable Labelling Drives Growth In The Thermal Paper Market

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Thermal Paper Market Size Growth Forecast: What to Expect by 2025?
In recent times, the thermal paper market has seen significant growth. Its value is estimated to rise from $4.74 billion in 2024 to $5.11 billion in 2025, representing a compound annual growth rate (CAGR) of 7.8%.

How Will the Thermal Paper Market Size Evolve and Grow by 2029?
In the coming years, the thermal paper market size is forecasted to experience robust growth, reaching $7.16 billion in 2029, with a compound annual growth rate (CAGR) of 8.8%. This growth during the forecast period can be credited to the development of smart packaging, the surge in contactless payment systems, demands in developing economies, the transition towards sustainable thermal paper, and the requirements for customization and branding. Key trends in the forecast period will include advancements in printing technology, an increased use of BPA-free thermal papers, customization and specialized thermal papers, the expansion of retail and point-of-sale (POS) applications, along with collaborations and partnerships.

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What Drivers Are Propelling the Growth of Thermal Paper Market Forward?
The thermal paper market is witnessing growth due to the surge in the demand for eco-friendly labeling methods. Higher preferences for sustainable direct thermal solutions are observed in areas such as e-commerce and logistics. The market is expected to lean towards more innovative procedures using recycled direct thermal papers, keeping up with the increasing demand for eco-friendly labeling standards. For example, a 2021 FATitudes survey by Cargill Incorporated, a US food company, conducted amongst nearly 6,000 primary grocery buyers in 11 countries in February 2022, revealed that a significant 55% of worldwide clients are more inclined to purchase a packaged food product showing a promise of sustainability on its label. As part of this survey, 37% of 550 American participants stated that their buying decisions would be influenced by a sustainability claim, marking a rise of six points from 2019. Consequently, the escalating demand for eco-friendly labeling approaches is anticipated to boost the thermal paper market's growth in the future.

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Which Emerging Trends Are Transforming the Thermal Paper Market in 2025?
The growth of technology is a prominent trend emerging in the thermal paper industry. Major businesses in this sector are concentrating on creating technologically superior goods in order to maintain their command over the market. As an illustration, VFP Ink Technologies, a company based in Germany which excels in the creation and production of high-tech industrial inks and varnishes, released a new, chemical-free thermal paper known as 1470579 Blue Clean 70 g/m2 in August 2022. The product is deemed safe to be used as a food-contact adhesive material. This new substance can be successfully printed on widely used direct thermal printers and is free of any developer. It is comprised of four layers - plain paper, a black pigment layer, an opaque functional layer responsible for the paper's blue hue, and a protective layer against mechanical damage. The opaque layer becomes see-through when it encounters heat, unmasking the black layer beneath, eventually leading to the physical formation of the printed image.

What Are the Key Segments in the Thermal Paper Market?
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 Applications
5) By End User: Retail Industry, Healthcare, Packaging And Labelling, Printing And Publishing, Entertainment And Transit, Other End Users

Subsegments:
1) By Top Coated: Direct Thermal Paper, Specialty Thermal Paper
2) By Non-Top Coated: Direct Thermal Paper, Standard Thermal Paper

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Who Are the Key Players Shaping the Thermal Paper Market's Competitive Landscape?
Major companies operating in the thermal paper market 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.

What Geographic Markets Are Powering Growth in the Thermal Paper Market?
Asia-Pacific was the largest region in the thermal paper market in 2024. The regions covered in the thermal paper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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