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With a predicted CAGR of 7.4 percent from 2024–2031, the worldwide thermal paper market is expected to increase from an initial valuation of $3.24 billion in 2023 to $5.17 billion in 2031.
An invisible chemical coating covers the surface of thermal paper, making it a unique kind of paper. In a thermal printer, a high-definition image is produced when the paper's chemical coating is activated by the heat from the print head. Unlike regular paper, this process uses heat to start a chemical reaction inside the paper. Since it doesn't call for a ribbon or toner, it's more user-friendly than competing systems. When heated, the coating of the thermal paper turns black, allowing the transmission of thermal energy straight to the paper, which in turn creates the image. Thermal paper can be used to record data even when no ink ribbon, toner, or cartridge is available. Thermal printing is done using small, easily transportable printers that don't need much in the way of upkeep. Thermal printing is the main characteristic of thermal paper. Because of this, along with the usual paper properties like thickness, grammage, and strength, thermal printing quality and picture stability must be carefully considered. Also, thermal paper needs to be ready to print using offset or flexography, two of the most common and conventional printing processes.
As more and more transactions are conducted digitally, the demand for printing at point-of-sale terminals is likely to decrease, leading to slower market growth. It is also believed that innovations in internal substitution will slow the industry's expansion. Nevertheless, thermal paper—used for labels and tags—is anticipated to see an increase in demand due to the growing popularity of online shopping. Buyers are likely to continue favoring thermal paper, especially in warehouses where completed goods labeling is more likely to be contaminated due to the aforementioned qualities.
Due to its increased performance in terms of thermal stability and durability, thermal paper can also be utilized to produce secure, long-lasting, and high-performance RFID tags. Thermal paper is expected to be used more frequently due to its qualities, such as high durability and exceptional temperature resistance, which are being sought after by RFID tag and label manufacturers. There will likely be a favorable effect on the usage of POS terminals due to the proliferation of retail outlets and chains in emerging economies like China and India, which would boost the market's growth. The usage of thermal paper for packaging and labeling end-uses is anticipated to be enhanced as a result of government programs aimed at bolstering the food and pharmaceutical industries in emerging economies.
Thermal papers have been in high demand recently due to their widespread use in many different products, including but not limited to paper receipts, shipping labels, parking tickets, discounts, luggage tags, RFID labels, point-of-sale receipts, entertainment tickets, and gaming tickets. Thermal paper is expected to experience growth due to customer demand for cashless payments, government initiatives aimed at easing the transition to a cashless economy, and the expanding range of point-of-sale applications. Thermal papers use bisphenol A (BPA), an organic synthetic chemical, as a color developer. Because of its history as an endocrine disruptor, bisphenol A (BPA) is considered a health risk. Thermal papers containing bisphenol A (BPA) are likely to be harmful to the development of the papers because of their detrimental impact on hormonal processes. That being said, BPA-free thermal paper is expected to increase demand for the product within the predicted time frame.
An expertly crafted and comprehensive research study of the chemical and materials sector, the "Global Thermal Paper Market Analysis to 2028" examines the state of the market on a worldwide scale. The purpose of this research is to offer a synopsis of the thermal paper business by breaking it down into submarkets according to location, end-use industry, technology, application, and type. We anticipate that the worldwide thermal paper market will expand at a rapid pace over the next few years. Important market data on the current state of the top thermal paper industry participants, as well as important market trends and opportunities, are presented in the report.
The rising need for labeling in industries like healthcare, pharmaceuticals, and the automotive sector is fueling the rapid expansion of the thermal paper market. The rising popularity of thermal paper as a printing medium for instructional and training materials is another driver propelling the market. Also, thermal paper is becoming more popular in many sectors, particularly the healthcare industry. The expansion of the packaged food and retail sectors is also a key factor propelling the thermal paper industry. One of the main sectors that utilize thermal paper is packaged foods and retail. This is because thermal printing is becoming more popular in the food and packaging industries. The use of thermal printers to print promotional materials like coupons and flyers is on the rise in the retail sector. Nutritional labels and packaging in the food business are also being printed using thermal technology. Furthermore, the forecast period will witness a growth in the Thermal Paper Market due to rising disposable item demand, an increase in technology-driven school and library systems, a rise in the demand for cash register receipts, and an uptick in thermal paper's usage in healthcare.
Report Coverage
Global Thermal Paper research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Thermal Paper report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Thermal Paper competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Thermal Paper market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Thermal Paper market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Thermal Paper market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Appvion, Domtar Corporation, Hansol Paper Co. Ltd., Henan Province JiangHe Paper Co. Ltd., Jujo Thermal Ltd, Kanzaki Specialty Papers Inc, Koehler Paper, Lecta, Mitsubishi Paper Mills Limited, Nakagawa Manufacturing (USA), Inc, Oji Holdings Corporation, Panda Paper Roll, Rotolificio Bergamasco Srl, Thermal Solutions International Inc., and Twin Rivers Paper Company. Other players operating in the thermal papers market are Avery Dennison, Ricoh Company, Ltd., and Siam Paper.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Thermal Paper market based on the below-mentioned segments:
Global Thermal Paper Market, By Technology
Direct Thermal
Thermal Transfer
Global Thermal Paper market, By Application
POS
Lottery & Gaming
Labels & Tags
Others
Global Thermal Paper Market, By End User
Packaging & Labelling
Printing
Retail
Others
Global Thermal Paper market, Regional Analysis
An invisible chemical coating covers the surface of thermal paper, making it a unique kind of paper. In a thermal printer, a high-definition image is produced when the paper's chemical coating is activated by the heat from the print head. Unlike regular paper, this process uses heat to start a chemical reaction inside the paper. Since it doesn't call for a ribbon or toner, it's more user-friendly than competing systems. When heated, the coating of the thermal paper turns black, allowing the transmission of thermal energy straight to the paper, which in turn creates the image. Thermal paper can be used to record data even when no ink ribbon, toner, or cartridge is available. Thermal printing is done using small, easily transportable printers that don't need much in the way of upkeep. Thermal printing is the main characteristic of thermal paper. Because of this, along with the usual paper properties like thickness, grammage, and strength, thermal printing quality and picture stability must be carefully considered. Also, thermal paper needs to be ready to print using offset or flexography, two of the most common and conventional printing processes.
As more and more transactions are conducted digitally, the demand for printing at point-of-sale terminals is likely to decrease, leading to slower market growth. It is also believed that innovations in internal substitution will slow the industry's expansion. Nevertheless, thermal paper—used for labels and tags—is anticipated to see an increase in demand due to the growing popularity of online shopping. Buyers are likely to continue favoring thermal paper, especially in warehouses where completed goods labeling is more likely to be contaminated due to the aforementioned qualities.
Due to its increased performance in terms of thermal stability and durability, thermal paper can also be utilized to produce secure, long-lasting, and high-performance RFID tags. Thermal paper is expected to be used more frequently due to its qualities, such as high durability and exceptional temperature resistance, which are being sought after by RFID tag and label manufacturers. There will likely be a favorable effect on the usage of POS terminals due to the proliferation of retail outlets and chains in emerging economies like China and India, which would boost the market's growth. The usage of thermal paper for packaging and labeling end-uses is anticipated to be enhanced as a result of government programs aimed at bolstering the food and pharmaceutical industries in emerging economies.
Thermal papers have been in high demand recently due to their widespread use in many different products, including but not limited to paper receipts, shipping labels, parking tickets, discounts, luggage tags, RFID labels, point-of-sale receipts, entertainment tickets, and gaming tickets. Thermal paper is expected to experience growth due to customer demand for cashless payments, government initiatives aimed at easing the transition to a cashless economy, and the expanding range of point-of-sale applications. Thermal papers use bisphenol A (BPA), an organic synthetic chemical, as a color developer. Because of its history as an endocrine disruptor, bisphenol A (BPA) is considered a health risk. Thermal papers containing bisphenol A (BPA) are likely to be harmful to the development of the papers because of their detrimental impact on hormonal processes. That being said, BPA-free thermal paper is expected to increase demand for the product within the predicted time frame.
An expertly crafted and comprehensive research study of the chemical and materials sector, the "Global Thermal Paper Market Analysis to 2028" examines the state of the market on a worldwide scale. The purpose of this research is to offer a synopsis of the thermal paper business by breaking it down into submarkets according to location, end-use industry, technology, application, and type. We anticipate that the worldwide thermal paper market will expand at a rapid pace over the next few years. Important market data on the current state of the top thermal paper industry participants, as well as important market trends and opportunities, are presented in the report.
The rising need for labeling in industries like healthcare, pharmaceuticals, and the automotive sector is fueling the rapid expansion of the thermal paper market. The rising popularity of thermal paper as a printing medium for instructional and training materials is another driver propelling the market. Also, thermal paper is becoming more popular in many sectors, particularly the healthcare industry. The expansion of the packaged food and retail sectors is also a key factor propelling the thermal paper industry. One of the main sectors that utilize thermal paper is packaged foods and retail. This is because thermal printing is becoming more popular in the food and packaging industries. The use of thermal printers to print promotional materials like coupons and flyers is on the rise in the retail sector. Nutritional labels and packaging in the food business are also being printed using thermal technology. Furthermore, the forecast period will witness a growth in the Thermal Paper Market due to rising disposable item demand, an increase in technology-driven school and library systems, a rise in the demand for cash register receipts, and an uptick in thermal paper's usage in healthcare.
Report Coverage
Global Thermal Paper research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Thermal Paper report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Thermal Paper competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Thermal Paper market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Appvion, Domtar Corporation, Hansol Paper Co. Ltd., Henan Province JiangHe Paper Co. Ltd., Jujo Thermal Ltd, Kanzaki Specialty Papers Inc, Koehler Paper, Lecta, Mitsubishi Paper Mills Limited, Nakagawa Manufacturing (USA), Inc, Oji Holdings Corporation, Panda Paper Roll, Rotolificio Bergamasco Srl, Thermal Solutions International Inc., and Twin Rivers Paper Company. Other players operating in the thermal papers market are Avery Dennison, Ricoh Company, Ltd., and Siam Paper. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Thermal Paper Market from 2021 to 2031.
- Market Forecast for Thermal Paper Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Thermal Paper competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Thermal Paper
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Thermal Paper market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Thermal Paper market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Appvion, Domtar Corporation, Hansol Paper Co. Ltd., Henan Province JiangHe Paper Co. Ltd., Jujo Thermal Ltd, Kanzaki Specialty Papers Inc, Koehler Paper, Lecta, Mitsubishi Paper Mills Limited, Nakagawa Manufacturing (USA), Inc, Oji Holdings Corporation, Panda Paper Roll, Rotolificio Bergamasco Srl, Thermal Solutions International Inc., and Twin Rivers Paper Company. Other players operating in the thermal papers market are Avery Dennison, Ricoh Company, Ltd., and Siam Paper.
Primary Target Market
- Market Players of Thermal Paper
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Thermal Paper market based on the below-mentioned segments:
Global Thermal Paper Market, By Technology
Direct Thermal
Thermal Transfer
Global Thermal Paper market, By Application
POS
Lottery & Gaming
Labels & Tags
Others
Global Thermal Paper Market, By End User
Packaging & Labelling
Printing
Retail
Others
Global Thermal Paper market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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