Thermal Paper Market 2018 by Global Leaders: Oji Paper, Ricoh Company, Mitsubishi Paper Mills Ltd, Jujo Thermal Ltd and Koehler Paper Group

Market Scenario:
At present every sector is undergoing a whole lot of changes. Due to this, it can be positively said that the future seems bright for the global thermal paper market. Experts believe that the market will generate a revenue of around 4.57 billion during the forecast period of 2018-2022. In terms of CAGR, the market is estimated to grow at the rate of above 4.3%.

There are many factors that collectively contribute towards the growth of this market. One of the major ones includes the high demand for switch to POS terminals from cash registers in the warehouse, retail, hospitality & laboratory sectors.

Another important aspect that propels the growth of the industry is the growing importance of labeling in the pharmaceutical & packaged food industry. The rising popularity of thermal spray coating can be termed as an additional growth driver for the industry.

However, the market may face certain challenges like strict governmental regulations towards the usage of bisephenol A. But with time the market will be successful in overcoming these issues.

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Major Key Players:
Some of the most renowned names of this industry are Oji Paper, Ricoh Company. Mitsubishi Paper Mills Ltd., Jujo Thermal Ltd and Koehler Paper Group. The major strategies used by these companies is increased investment in product development and new product launches.

Thermal Paper Definition:
Thermal paper is a distinct form of paper. It is varies from the conventional forms in its constituents. It consists of a coating that has the ability to change color when introduced to high temperatures. One of its most special features is that it can allow inkless printing. This is one of the major reasons why this kind of paper is used in thermal printers. When heat is passed on to the paper through the printers, it produces precise & clear words. And all of this is done without any sort of ink or ribbons. Lately, owing to development in the retail sector the global thermal paper market is gaining traction.

Thermal paper is covered with a solid-state blend of a suitable matrix and dye, one of the examples of such a dye is fluoran leuco. When this exterior coating is exposed to temperatures above its heating point, the paper changes color due to the reaction between the acid and dye. The color change then stays as it is because the matrix solidifies itself back quickly enough.

Normally, the coating tends to turn black when heated. But in some cases the coatings can also turn to red or blue colors. Whatever be the case, this form of paper has proven to be extremely useful for the retail industry. This in turn, has worked in the favor of the thermal paper market.

Market Segmentation:
The worldwide Thermal Paper Market has been divided into, technologies, applications and regions.

On the basis of technologies, the industry is bifurcated into thermal transfer & direct transfer. Out of these the thermal transfer segment grabbed the largest market share in the year 2016. It is expected to do the same in future as well.

On account of applications, the market has been split into labels & tags, POS and lottery & gaming.

Geographically, the thermal paper market is extended across regions like North America, Europe, Asia Pacific & Rest of the World.

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Innovations:
Recently, the global thermal paper market saw the launch of carbonless thermal paper by Appvion. These papers have been precisely designed to provide rich and readable images to the readers. One of their main features is that they offer clear images at all print speeds.

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