Thermal Papers - Global Strategic Business Report

The global market for Thermal Papers was estimated at US$5.0 Billion in 2024 and is projected to reach US$7.3 Billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Thermal Papers market.

Global Thermal Papers Market - Key Trends and Drivers Summarized

How Is Thermal Paper Transforming Receipt and Label Printing?

Thermal paper is a special fine paper coated with a chemical that changes color when exposed to heat, making it widely used in thermal printers for printing receipts, labels, tickets, and other documents. Unlike conventional printing paper, thermal paper eliminates the need for ink or toner, offering a faster, cleaner, and more cost-effective printing solution. It is extensively used in point-of-sale (POS) systems, ATMs, logistics labels, and medical charts, making it an essential component in retail, banking, logistics, and healthcare sectors. As industries continue to prioritize efficient and reliable printing solutions, the demand for thermal paper has surged.

What Are the Key Segments in the Thermal Paper Market?

Key technologies include direct thermal and thermal transfer, with direct thermal paper holding the largest market share due to its simplicity, cost-effectiveness, and suitability for high-volume receipt printing in POS systems. Applications cover POS receipts, labels, lottery tickets, and medical charts, with POS receipts representing a significant segment driven by the widespread adoption of electronic payment systems in retail and hospitality. End-users include retail, banking, healthcare, logistics, and entertainment sectors, with retail dominating the market as thermal paper is crucial for efficient receipt printing in stores and restaurants.

How Is Thermal Paper Integrated Across Industries?

In the retail sector, thermal paper is used for POS receipts, providing quick, clear, and smudge-resistant printing for transaction records. In the banking sector, thermal paper is used in ATMs and bank statements, ensuring accurate printing of account details and transaction receipts. In logistics, thermal paper labels are used for packaging and shipping, offering durability, clarity, and resistance to wear and tear during transit. Additionally, in the healthcare sector, thermal paper is used for printing medical records, prescriptions, and laboratory reports, supporting reliable and rapid documentation of patient information.

What Factors Are Driving the Growth in the Thermal Paper Market?

The growth in the Thermal Paper market is driven by several factors, including increasing demand for digital payment systems, rising adoption of automated labeling solutions, and advancements in thermal paper technology. Innovations like BPA-free and eco-friendly thermal paper, improved durability, and enhanced print clarity have supported broader applications across sectors. The focus on ensuring efficient transaction recording, reducing printing costs, and maintaining compliance with environmental regulations has further fueled demand, as thermal paper provides a reliable and cost-effective printing solution. Additionally, expanding retail chains, growing e-commerce, and rising financial transactions have contributed to market growth, encouraging the deployment of thermal paper across diverse industries.

SCOPE OF STUDY:

The report analyzes the Thermal Papers market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Application (POS, Tags & Label, Lottery & Gaming, Other Applications)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the POS segment, which is expected to reach US$4.5 Billion by 2030 with a CAGR of a 5.9%. The Tags & Label segment is also set to grow at 7.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $1.3 Billion in 2024, and China, forecasted to grow at an impressive 9.7% CAGR to reach $1.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Thermal Papers Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Thermal Papers Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Thermal Papers Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Appvion Incorporated, Gold Huasheng Paper Co., Ltd., Hansol Paper Co. Ltd., Henan Province JiangHe Paper Co., Ltd., Iconex LLC and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 37 companies featured in this Thermal Papers market report include:

• Appvion Incorporated
• Gold Huasheng Paper Co., Ltd.
• Hansol Paper Co. Ltd.
• Henan Province JiangHe Paper Co., Ltd.
• Iconex LLC
• Jujo Thermal Limited
• Koehler Group
• Mitsubishi Paper Mills (MPM) Limited
• NAKAGAWA Manufacturing (USA), Inc.
• Oji Holdings Corporation
• Ricoh Company, Ltd.
• Rotolificio Bergamasco Srl
• Thermal Solutions International, Inc. (TSI)
• Twin Rivers Paper Company

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.