The 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.
Thermal paper is a sort of specialized paper that changes color when heated and prints without the need for traditional ink. The effect is achieved by covering the base paper with a mixture of heat-sensitive dyes and color-developers during the production process. A Leuco dye consists of a colorless crystalline powder that, when heated, melts and combines with an organic acid, also known as a developer, to produce an opaque hue. Bisphenol-A (BPA) or Bisphenol-S (BPS) are the most often utilized developers. This paper is utilized largely in credit card terminals, point-of-sale (POS) terminals, labeling devices, and ATMs. The absence of traditional inks enables printing on this type of paper in remote areas, making it an exciting choice for e-commerce labeling and ticketing applications. The thermal paper offers the benefit of requiring essentially no maintenance; there is no need to frequently replace expensive ink or toner. The only required maintenance is routine cleaning of the printer head. Repairs are required infrequently, which further reduces the cost of upkeep. Compared to other types of printers, an inkless thermal paper printer has very few moving parts, making it exceedingly unlikely to clog. This leads to substantial cost reductions due to decreased maintenance expenses. Coreless thermal paper rolls, for example, offer substantial advantages to organizations. Due to the advantages thermal paper offers, including lower production and shipping costs and environmental friendliness, an increasing number of organizations are moving to use thermal paper.
The increasing usage of POS terminals in warehouses and retail outlets is anticipated to fuel the need for thermal paper. As a result of improved government policies and increased domestic demand for pharmaceutical and food and beverage products in South Asian nations, a favorable business climate is anticipated to drive market expansion. The presence of paper makers in nations, such as China is also anticipated to contribute positively to market expansion. However, due to the rising digitalization of the transaction process, the need for printing at POS terminals is predicted to decrease, resulting in a slower growth rate for the industry. In addition, innovation in terms of internal replacement is anticipated to hamper the industry expansion. However, the increasing use of e-commerce is anticipated to increase the demand for thermal paper in the form of labels and tags. The expansion of retail businesses and chains in developing economies such as India and China is anticipated to have a beneficial effect on the adoption of POS terminals, hence boosting market growth. In addition, government activities focused on bolstering the food and pharmaceutical industries in emerging economies are anticipated to increase the usage of thermal paper in packaging and labeling applications. In retail establishments and businesses, marketing methods are evolving. Thermal papers are extensively used for thermal barcode printing, which enables the product to be monitored throughout transportation and thereafter. This aspect enables the product manufacturer to direct his operations based on geography and customer preferences. These characteristics present lucrative potential growth opportunities for the thermal paper market.
The thermal paper market is segmented on the basis of printing technology, application, and region. On the basis of printing technology, the market is categorized into direct thermal, thermal transfer and others. On the basis of application, the market is categorized into point of sale (POS), tags & label, lottery & gaming, ticketing, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global thermal paper market are 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 paper market are Avery Dennison, Ricoh Company, Ltd., and Siam Paper.
Thermal paper is a sort of specialized paper that changes color when heated and prints without the need for traditional ink. The effect is achieved by covering the base paper with a mixture of heat-sensitive dyes and color-developers during the production process. A Leuco dye consists of a colorless crystalline powder that, when heated, melts and combines with an organic acid, also known as a developer, to produce an opaque hue. Bisphenol-A (BPA) or Bisphenol-S (BPS) are the most often utilized developers. This paper is utilized largely in credit card terminals, point-of-sale (POS) terminals, labeling devices, and ATMs. The absence of traditional inks enables printing on this type of paper in remote areas, making it an exciting choice for e-commerce labeling and ticketing applications. The thermal paper offers the benefit of requiring essentially no maintenance; there is no need to frequently replace expensive ink or toner. The only required maintenance is routine cleaning of the printer head. Repairs are required infrequently, which further reduces the cost of upkeep. Compared to other types of printers, an inkless thermal paper printer has very few moving parts, making it exceedingly unlikely to clog. This leads to substantial cost reductions due to decreased maintenance expenses. Coreless thermal paper rolls, for example, offer substantial advantages to organizations. Due to the advantages thermal paper offers, including lower production and shipping costs and environmental friendliness, an increasing number of organizations are moving to use thermal paper.
The increasing usage of POS terminals in warehouses and retail outlets is anticipated to fuel the need for thermal paper. As a result of improved government policies and increased domestic demand for pharmaceutical and food and beverage products in South Asian nations, a favorable business climate is anticipated to drive market expansion. The presence of paper makers in nations, such as China is also anticipated to contribute positively to market expansion. However, due to the rising digitalization of the transaction process, the need for printing at POS terminals is predicted to decrease, resulting in a slower growth rate for the industry. In addition, innovation in terms of internal replacement is anticipated to hamper the industry expansion. However, the increasing use of e-commerce is anticipated to increase the demand for thermal paper in the form of labels and tags. The expansion of retail businesses and chains in developing economies such as India and China is anticipated to have a beneficial effect on the adoption of POS terminals, hence boosting market growth. In addition, government activities focused on bolstering the food and pharmaceutical industries in emerging economies are anticipated to increase the usage of thermal paper in packaging and labeling applications. In retail establishments and businesses, marketing methods are evolving. Thermal papers are extensively used for thermal barcode printing, which enables the product to be monitored throughout transportation and thereafter. This aspect enables the product manufacturer to direct his operations based on geography and customer preferences. These characteristics present lucrative potential growth opportunities for the thermal paper market.
The thermal paper market is segmented on the basis of printing technology, application, and region. On the basis of printing technology, the market is categorized into direct thermal, thermal transfer and others. On the basis of application, the market is categorized into point of sale (POS), tags & label, lottery & gaming, ticketing, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global thermal paper market are 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 paper market are Avery Dennison, Ricoh Company, Ltd., and Siam Paper.
IMPACT OF COVID-19 ON THE GLOBAL THERMAL PAPER MARKET
- Most global businesses have been adversely impacted by the COVID-19 pandemic. To reduce risks and remain competitive during the pandemic, corporations are concentrating on diversifying their company. The paper sector has also been damaged by COVID-19. Malls, shopping centers, and other businesses have to shut down as a result of partial or whole lockdowns imposed by governments globally as a result of the rapid spread of COVID-19, among various nations. The market for thermal paper has expanded as a result of the expanding instant billing trend in malls and shopping centers. Prior to the COVID-19 pandemic, this market had been on the decline.
- Nonetheless, demand in the pharmaceutical industries, healthcare sectors, and packaging sectors grew fast during the pandemic, resulting in an increase in the thermal paper market value.
- Due to the rise in emergency situations and COVID-19 cases globally, the demand for labels and tags for medical supplies and test samples increased.
- Throughout the pandemic, the quantity of laboratory test samples, which are necessary for discriminating between blood samples, grew, which in turn increased the demand for labelling. These attributes were considered to be the key market growth drivers for thermal paper.
- Due to the expansion of the retail sector in developing nations like China and India, the POS category has the biggest market share. In addition, the rising number of supermarkets in advanced economies is anticipated to accelerate the development of POS terminal applications. Many nations are still in lockdown as a result of COVID-19, and businesses are coming up with new strategies to accommodate the rising demand for e-commerce. The pandemic has benefited the e-commerce sector since it has necessitated the implementation of preventative measures like social segregation. The market expansion for thermal paper is hampered by these digital transactions.
- Due to its great durability, thermal paper is being used more frequently to print transaction receipts, which is driving the market. The hospital billing application makes extensive use of these receipts. Nevertheless, online transactions are preferable to prevent the virus from spreading.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the thermal paper market analysis from 2021 to 2031 to identify the prevailing thermal paper market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the thermal paper market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global thermal paper market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Point of Sale
- Tags and Label
- Lottery and Gaming
- Ticketing
- Others
By Printing Technology
- Direct Thermal
- Thermal Transfer
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- Hansol Paper Co. Ltd.
- Henan Province JiangHe Paper Co. Ltd.
- Jujo Thermal Ltd
- Kanzaki Specialty Papers Inc
- Koehler Paper
- Lecta
- Appvion, Domtar Corporation
- Mitsubishi Paper Mills Limited
- Nakagawa Manufacturing
- Oji Holdings Corporation
- Panda Paper Roll
- Rotolificio Bergamasco Srl
- Thermal Solutions International Inc.
- Twin Rivers Paper Company
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
3.8. Key Regulation Analysis
3.9. Patent Landscape
CHAPTER 4: THERMAL PAPER MARKET, BY PRINTING TECHNOLOGY
4.1 Overview
4.1.1 Market size and forecast
4.2 Direct Thermal
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Thermal Transfer
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Others
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: THERMAL PAPER MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Point of Sale
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Tags and Label
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Lottery and Gaming
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Ticketing
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
CHAPTER 6: THERMAL PAPER MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Printing Technology
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Printing Technology
6.2.4.1.2 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Printing Technology
6.2.4.2.2 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Printing Technology
6.2.4.3.2 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Printing Technology
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Printing Technology
6.3.4.1.2 Market size and forecast, by Application
6.3.4.2 France
6.3.4.2.1 Market size and forecast, by Printing Technology
6.3.4.2.2 Market size and forecast, by Application
6.3.4.3 UK
6.3.4.3.1 Market size and forecast, by Printing Technology
6.3.4.3.2 Market size and forecast, by Application
6.3.4.4 Spain
6.3.4.4.1 Market size and forecast, by Printing Technology
6.3.4.4.2 Market size and forecast, by Application
6.3.4.5 Italy
6.3.4.5.1 Market size and forecast, by Printing Technology
6.3.4.5.2 Market size and forecast, by Application
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Printing Technology
6.3.4.6.2 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Printing Technology
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Printing Technology
6.4.4.1.2 Market size and forecast, by Application
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Printing Technology
6.4.4.2.2 Market size and forecast, by Application
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Printing Technology
6.4.4.3.2 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Printing Technology
6.4.4.4.2 Market size and forecast, by Application
6.4.4.5 Rest of Asia-Pacific
6.4.4.5.1 Market size and forecast, by Printing Technology
6.4.4.5.2 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Printing Technology
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Printing Technology
6.5.4.1.2 Market size and forecast, by Application
6.5.4.2 Saudi Arabia
6.5.4.2.1 Market size and forecast, by Printing Technology
6.5.4.2.2 Market size and forecast, by Application
6.5.4.3 South Africa
6.5.4.3.1 Market size and forecast, by Printing Technology
6.5.4.3.2 Market size and forecast, by Application
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Market size and forecast, by Printing Technology
6.5.4.4.2 Market size and forecast, by Application
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Hansol Paper Co. Ltd.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Henan Province JiangHe Paper Co. Ltd.
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Jujo Thermal Ltd
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Kanzaki Specialty Papers Inc
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Koehler Paper
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Lecta
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Appvion, Domtar Corporation
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Mitsubishi Paper Mills Limited
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Nakagawa Manufacturing
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Oji Holdings Corporation
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 Panda Paper Roll
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments
8.12 Rotolificio Bergamasco Srl
8.12.1 Company overview
8.12.2 Company snapshot
8.12.3 Operating business segments
8.12.4 Product portfolio
8.12.5 Business performance
8.12.6 Key strategic moves and developments
8.13 Thermal Solutions International Inc.
8.13.1 Company overview
8.13.2 Company snapshot
8.13.3 Operating business segments
8.13.4 Product portfolio
8.13.5 Business performance
8.13.6 Key strategic moves and developments
8.14 Twin Rivers Paper Company
8.14.1 Company overview
8.14.2 Company snapshot
8.14.3 Operating business segments
8.14.4 Product portfolio
8.14.5 Business performance
8.14.6 Key strategic moves and developments
List of Tables
Table 1. Global Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 2. Thermal Paper Market, for Direct Thermal, by Region, 2021-2031 ($Million)
Table 3. Thermal Paper Market for Direct Thermal, by Country, 2021-2031 ($Million)
Table 4. Thermal Paper Market, for Thermal Transfer, by Region, 2021-2031 ($Million)
Table 5. Thermal Paper Market for Thermal Transfer, by Country, 2021-2031 ($Million)
Table 6. Thermal Paper Market, for Others, by Region, 2021-2031 ($Million)
Table 7. Thermal Paper Market for Others, by Country, 2021-2031 ($Million)
Table 8. Global Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 9. Thermal Paper Market, for Point of Sale, by Region, 2021-2031 ($Million)
Table 10. Thermal Paper Market for Point of Sale, by Country, 2021-2031 ($Million)
Table 11. Thermal Paper Market, for Tags and Label, by Region, 2021-2031 ($Million)
Table 12. Thermal Paper Market for Tags and Label, by Country, 2021-2031 ($Million)
Table 13. Thermal Paper Market, for Lottery and Gaming, by Region, 2021-2031 ($Million)
Table 14. Thermal Paper Market for Lottery and Gaming, by Country, 2021-2031 ($Million)
Table 15. Thermal Paper Market, for Ticketing, by Region, 2021-2031 ($Million)
Table 16. Thermal Paper Market for Ticketing, by Country, 2021-2031 ($Million)
Table 17. Thermal Paper Market, for Others, by Region, 2021-2031 ($Million)
Table 18. Thermal Paper Market for Others, by Country, 2021-2031 ($Million)
Table 19. Thermal Paper Market, by Region, 2021-2031 ($Million)
Table 20. North America Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 21. North America Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 22. North America Thermal Paper Market, by Country, 2021-2031 ($Million)
Table 23. U.S. Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 24. U.S. Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 25. Canada Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 26. Canada Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 27. Mexico Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 28. Mexico Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 29. Europe Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 30. Europe Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 31. Europe Thermal Paper Market, by Country, 2021-2031 ($Million)
Table 32. Germany Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 33. Germany Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 34. France Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 35. France Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 36. UK Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 37. UK Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 38. Spain Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 39. Spain Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 40. Italy Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 41. Italy Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 42. Rest of Europe Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 43. Rest of Europe Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 44. Asia-Pacific Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 45. Asia-Pacific Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 46. Asia-Pacific Thermal Paper Market, by Country, 2021-2031 ($Million)
Table 47. China Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 48. China Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 49. Japan Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 50. Japan Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 51. India Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 52. India Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 53. South Korea Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 54. South Korea Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 55. Rest of Asia-Pacific Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 56. Rest of Asia-Pacific Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 57. LAMEA Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 58. LAMEA Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 59. LAMEA Thermal Paper Market, by Country, 2021-2031 ($Million)
Table 60. Brazil Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 61. Brazil Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 62. Saudi Arabia Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 63. Saudi Arabia Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 64. South Africa Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 65. South Africa Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 66. Rest of LAMEA Thermal Paper Market, by Printing Technology, 2021-2031 ($Million)
Table 67. Rest of LAMEA Thermal Paper Market, by Application, 2021-2031 ($Million)
Table 68. Hansol Paper Co. Ltd.: Company Snapshot
Table 69. Hansol Paper Co. Ltd.: Operating Segments
Table 70. Hansol Paper Co. Ltd.: Product Portfolio
Table 71. Hansol Paper Co. Ltd.: Net Sales
Table 72. Hansol Paper Co. Ltd.: Key Strategies
Table 73. Henan Province Jianghe Paper Co. Ltd.: Company Snapshot
Table 74. Henan Province Jianghe Paper Co. Ltd.: Operating Segments
Table 75. Henan Province Jianghe Paper Co. Ltd.: Product Portfolio
Table 76. Henan Province Jianghe Paper Co. Ltd.: Net Sales
Table 77. Henan Province Jianghe Paper Co. Ltd.: Key Strategies
Table 78. Jujo Thermal Ltd.: Company Snapshot
Table 79. Jujo Thermal Ltd.: Operating Segments
Table 80. Jujo Thermal Ltd.: Product Portfolio
Table 81. Jujo Thermal Ltd.: Net Sales
Table 82. Jujo Thermal Ltd.: Key Strategies
Table 83. Kanzaki Specialty Papers Inc.: Company Snapshot
Table 84. Kanzaki Specialty Papers Inc.: Operating Segments
Table 85. Kanzaki Specialty Papers Inc.: Product Portfolio
Table 86. Kanzaki Specialty Papers Inc.: Net Sales
Table 87. Kanzaki Specialty Papers Inc.: Key Strategies
Table 88. Koehler Paper: Company Snapshot
Table 89. Koehler Paper: Operating Segments
Table 90. Koehler Paper: Product Portfolio
Table 91. Koehler Paper: Net Sales
Table 92. Koehler Paper: Key Strategies
Table 93. Lecta: Company Snapshot
Table 94. Lecta: Operating Segments
Table 95. Lecta: Product Portfolio
Table 96. Lecta: Net Sales
Table 97. Lecta: Key Strategies
Table 98. Appvion, Domtar Corporation: Company Snapshot
Table 99. Appvion, Domtar Corporation: Operating Segments
Table 100. Appvion, Domtar Corporation: Product Portfolio
Table 101. Appvion, Domtar Corporation: Net Sales
Table 102. Appvion, Domtar Corporation: Key Strategies
Table 103. Mitsubishi Paper Mills Limited: Company Snapshot
Table 104. Mitsubishi Paper Mills Limited: Operating Segments
Table 105. Mitsubishi Paper Mills Limited: Product Portfolio
Table 106. Mitsubishi Paper Mills Limited: Net Sales
Table 107. Mitsubishi Paper Mills Limited: Key Strategies
Table 108. Nakagawa Manufacturing: Company Snapshot
Table 109. Nakagawa Manufacturing: Operating Segments
Table 110. Nakagawa Manufacturing: Product Portfolio
Table 111. Nakagawa Manufacturing: Net Sales
Table 112. Nakagawa Manufacturing: Key Strategies
Table 113. Oji Holdings Corporation: Company Snapshot
Table 114. Oji Holdings Corporation: Operating Segments
Table 115. Oji Holdings Corporation: Product Portfolio
Table 116. Oji Holdings Corporation: Net Sales
Table 117. Oji Holdings Corporation: Key Strategies
Table 118. Panda Paper Roll: Company Snapshot
Table 119. Panda Paper Roll: Operating Segments
Table 120. Panda Paper Roll: Product Portfolio
Table 121. Panda Paper Roll: Net Sales
Table 122. Panda Paper Roll: Key Strategies
Table 123. Rotolificio Bergamasco Srl: Company Snapshot
Table 124. Rotolificio Bergamasco Srl: Operating Segments
Table 125. Rotolificio Bergamasco Srl: Product Portfolio
Table 126. Rotolificio Bergamasco Srl: Net Sales
Table 127. Rotolificio Bergamasco Srl: Key Strategies
Table 128. Thermal Solutions International Inc.: Company Snapshot
Table 129. Thermal Solutions International Inc.: Operating Segments
Table 130. Thermal Solutions International Inc.: Product Portfolio
Table 131. Thermal Solutions International Inc.: Net Sales
Table 132. Thermal Solutions International Inc.: Key Strategies
Table 133. Twin Rivers Paper Company: Company Snapshot
Table 134. Twin Rivers Paper Company: Operating Segments
Table 135. Twin Rivers Paper Company: Product Portfolio
Table 136. Twin Rivers Paper Company: Net Sales
Table 137. Twin Rivers Paper Company: Key Strategies
List of Figures
Figure 1. Thermal Paper Market Segmentation
Figure 2. Thermal Paper Market, 2021-2031
Figure 3. Thermal Paper Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Thermal Paper Mark.:Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 13. Key Regulation Analysis
Figure 14. Patent Analysis by Company
Figure 15. Patent Analysis by Country
Figure 16. Thermal Paper Market, By Printing Technology, 2021(%)
Figure 17. Comparative Share Analysis of Direct Thermal Thermal Paper Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Thermal Transfer Thermal Paper Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Others Thermal Paper Market, 2021-2031(%)
Figure 20. Thermal Paper Market, By Application, 2021(%)
Figure 21. Comparative Share Analysis of Point of Sale Thermal Paper Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Tags and Label Thermal Paper Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Lottery and Gaming Thermal Paper Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Ticketing Thermal Paper Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Others Thermal Paper Market, 2021-2031(%)
Figure 26. Thermal Paper Market by Region, 2021
Figure 27. U.S. Thermal Paper Market, 2021-2031($Million)
Figure 28. Canada Thermal Paper Market, 2021-2031($Million)
Figure 29. Mexico Thermal Paper Market, 2021-2031($Million)
Figure 30. Germany Thermal Paper Market, 2021-2031($Million)
Figure 31. France Thermal Paper Market, 2021-2031($Million)
Figure 32. Uk Thermal Paper Market, 2021-2031($Million)
Figure 33. Spain Thermal Paper Market, 2021-2031($Million)
Figure 34. Italy Thermal Paper Market, 2021-2031($Million)
Figure 35. Rest of Europe Thermal Paper Market, 2021-2031($Million)
Figure 36. China Thermal Paper Market, 2021-2031($Million)
Figure 37. Japan Thermal Paper Market, 2021-2031($Million)
Figure 38. India Thermal Paper Market, 2021-2031($Million)
Figure 39. South Korea Thermal Paper Market, 2021-2031($Million)
Figure 40. Rest of Asia-Pacific Thermal Paper Market, 2021-2031($Million)
Figure 41. Brazil Thermal Paper Market, 2021-2031($Million)
Figure 42. Saudi Arabia Thermal Paper Market, 2021-2031($Million)
Figure 43. South Africa Thermal Paper Market, 2021-2031($Million)
Figure 44. Rest of LAMEA Thermal Paper Market, 2021-2031($Million)
Figure 45. Top Winning Strategies, by Year
Figure 46. Top Winning Strategies, by Development
Figure 47. Top Winning Strategies, by Company
Figure 48. Product Mapping of Top 10 Players
Figure 49. Competitive Dashboard
Figure 50. Competitive Heatmap of Top 10 Key Players
Figure 51. Hansol Paper Co. Ltd.: Net Sales, ($Million)
Figure 52. Henan Province Jianghe Paper Co. Ltd.: Net Sales, ($Million)
Figure 53. Jujo Thermal Lt.: Net Sales, ($Million)
Figure 54. Kanzaki Specialty Papers In.: Net Sales, ($Million)
Figure 55. Koehler Pape.: Net Sales, ($Million)
Figure 56. Lect.: Net Sales, ($Million)
Figure 57. Appvion, Domtar Corporatio.: Net Sales, ($Million)
Figure 58. Mitsubishi Paper Mills Limite.: Net Sales, ($Million)
Figure 59. Nakagawa Manufacturin.: Net Sales, ($Million)
Figure 60. Oji Holdings Corporatio.: Net Sales, ($Million)
Figure 61. Panda Paper Rol.: Net Sales, ($Million)
Figure 62. Rotolificio Bergamasco Sr.: Net Sales, ($Million)
Figure 63. Thermal Solutions International Inc.: Net Sales, ($Million)
Figure 64. Twin Rivers Paper Compan.: Net Sales, ($Million)
Executive Summary
According to the report, “Thermal Paper Market," the thermal paper market was valued at $3.4 billion in 2021 and is estimated to reach $5.7 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.Thermal paper is a form of specialty paper that is made with a chemically active coating on one or both sides to facilitate printing without ink. This coating is a chemical mixture that produces an image when exposed to high temperatures mostly used in direct thermal printers, which include collections of tiny heating elements that heat and cool in alternating cycles while printing. As the thermal paper passes between the print head and the platen roll, the print head's heating and cooling elements alternate to create images on the surface material. Thermal paper is a recording media that may be printed by a thermal printer utilizing heat. This paper is imprinted by transferring thermal energy directly. The utilization of thermal papers in the production of lottery and gaming tickets is expected to enhance the demand for thermal papers.
The emergence of digitization in growing regions, such as India has increased the demand for point-of-sale (POS) systems and, consequently, the market demand for thermal paper rolls. In addition, the increasing significance of product labeling against counterfeiting has had a favorable effect on the market for thermal paper rolls. In addition, the thermal paper offers outstanding coloring capabilities at fast rates and a highly durable surface that is resistant to fading. This capability enables the use of printed bar codes in point-of-sale food labeling and other applications throughout their manufacturing and transportation, which has increased the global need for thermal paper rolls.
On the other hand, the use of BPA in the thermal paper has a harmful effect on human health, which may hinder the growth of the market for thermal paper rolls in the near future. As a result, numerous businesses are implementing digital receipt software applications that are compatible with their existing POS systems, and they only print customer receipts upon request to reduce their thermal paper consumption. The introduction of breakthroughs in thermal transfer technology and other industries presents significant opportunities for expansion for the thermal paper business. In addition, a recent estimate from the U.S. Census Bureau indicates that supermarket and grocery store sales in 2019 exceeded $ 650 billion, which is more than three times the amount recorded a decade earlier. Such reports are viewed as the primary growth potential for the thermal paper sector as a whole.
The thermal paper market is segmented on the basis of printing technology, application and region. On the basis of printing technology, the market is categorized into direct thermal, thermal transfer and others. On the basis of application, the market is categorized into point of sale (POS), tags & labels, lottery & gaming, ticketing, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global thermal paper market are 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 paper market are Avery Dennison, Ricoh Company, Ltd., and Siam Paper.
Key Findings of the Study
- By printing technology, the thermal transfer segment is expected to grow at a CAGR of 5.9%, in terms of revenue, during the forecast period.
- By application of thermal paper market, the tags and label segment is expected to grow at a CAGR of 6.7%, in terms of revenue, during the forecast period.
- Region-wise, Asia-Pacific garnered a share of $ 1697.1million in 2021 in terms of revenue.
IMPACT OF COVID-19 ON THE GLOBAL THERMAL PAPER MARKET
Due to the rise in emergency situations and COVID-19 cases globally, the demand for labels and tags for medical supplies and test samples increased. Throughout the pandemic, the quantity of laboratory test samples, which are necessary for discriminating between blood samples, grew, which in turn increased the demand for labelling. These attributes were considered to be the key market growth drivers for thermal paper.Due to the expansion of the retail sector in developing nations like China and India, the POS category has the biggest market share. In addition, the rising number of supermarkets in advanced economies is anticipated to accelerate the development of POS terminal applications. Many nations are still in lockdown as a result of COVID-19, and businesses are coming up with new strategies to accommodate the rising demand for e-commerce. The pandemic has benefited the e-commerce sector since it has necessitated the implementation of preventative measures like social segregation. The market expansion for thermal paper is hampered by these digital transactions.
Companies Mentioned
- Hansol Paper Co. Ltd.
- Henan Province JiangHe Paper Co. Ltd.
- Jujo Thermal Ltd
- Kanzaki Specialty Papers Inc
- Koehler Paper
- Lecta
- Appvion, Domtar Corporation
- Mitsubishi Paper Mills Limited
- Nakagawa Manufacturing
- Oji Holdings Corporation
- Panda Paper Roll
- Rotolificio Bergamasco Srl
- Thermal Solutions International Inc.
- Twin Rivers Paper Company
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 285 |
| Published | September 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 3.4 billion |
| Forecasted Market Value ( USD | $ 5.7 billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
