Product Code: A17422
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.
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
- 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:INTRODUCTION
- 1.1.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