With a CAGR of 6.9%, the thermal paper market will reach $6.2 billion
Dallas, Texas, Oct. 21, 2022 (GLOBE NEWSWIRE) — The world thermal paper market has seen substantial growth due to its extensive use in labels, tags, tickets and receipts. The growing number of outlets and supermarkets in countries like India and China is increasing its demand in the market. Thermal paper is widely used by retailers, especially to print sales receipts. Thermal paper is widely used to print sales receipts in wholesale and retail stores such as grocery stores, ATMs and other businesses such as airports for faster and more accurate printing.
By 2030, the global thermal paper market is forecast to grow at an annualized rate of 6.9%, approaching $6.2 billion.
Other areas of application for thermal paper are ticketing agencies and lottery systems. Thermal paper provides accurate, high volume/image quality prints that are primarily required in healthcare industries like electrocardiograms (ECGs), ultrasound prints, and prescription labels.
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Scope of the Global Thermal Paper Market:
|Market size in 2030||$6.2 billion|
|Segment covered||by Application, Technology, BY Region,|
|per application covered||Point of sale (POS), Lottery and games, Labels and labels, Other|
|Technology Covered||Direct Thermal, Thermal Transfer, Others|
|Regions covered||North America, Europe, Asia-Pacific, South America, Middle East and Africa|
|Profiled Key Players||Ricoh Company, Ltd., Appvion Incorporated, Koehler Paper, Hansol Paper, Mitsubishi Paper Mills (MPM) Limited, Siam Paper, Gold Huasheng Paper Co., Ltd., Henan Province JiangHe Paper Co., Ltd. and Jujo Thermal Limited|
Thermal paper has several advantages over other types of printing materials. It provides inkless printing, faster printing, which reduces waiting time at the checkout, higher quality and clearer images, the ability to print high quality barcode scans and facilitate complex transactions, prevention of forged receipts, stability and heat resistance. . This is leading to the growing demand for thermal paper, driving the skyrocketing growth of the global thermal paper market.
However, current research indicates that using heated paper may lead to skin absorption of BPA (bisphenol A). Thermal paper is a major source of BPA exposure, researchers say. As a result, thermal paper has been largely ignored by regulators as a key component of consumer products. Despite the use of thermal paper, studies have shown that exposure to BPA can have negative effects on people and the environment. This should have a negative effect on the market situation.
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The global thermal paper market is categorized into wholesale, retail, BFSI, medical and other sectors. Among these, the retail store application segment garnered the largest share of the global thermal paper market.
The thermal paper industry is globally dominated by the APAC region. Countries like China and India are major contributors to such a significant growth in the global thermal paper market. The growing number of medical and banking institutions, grocery stores and other outlets have increased its demand. Moreover, favorable regulatory policies, permitted use of thermal paper in various sectors, increasing promotion of urban population and more investments are the major drivers for the growth of APAC in the global thermal paper market.
Here are the most innovative and forward-thinking trends in the thermal paper market:
• In March 2022, Epson certified Koehler Blue4est® thermal paper from Koehler for use with the Epson TM-T88VII POS and TM-T88VI receipt printers. Koehler Paper is a leading thermal paper manufacturer and a Koehler Group company. Blue4est® receipts are environmentally friendly as they can be disposed of like waste paper. More importantly, Blue4est® is the first thermal paper that has been approved for use in direct contact with food.
• Mactac Americas, an industry leader in pressure-sensitive adhesive solutions, introduced its latest thinner substrates. The newest product has the highest performance, is durable and cost-effective. Additionally, the company has introduced new topcoats that use lower coat weights and provide universal primers for multiple printing technologies.
Table of Contents Highlights:
2. Research methodology
3. Market Outlook
4. Global thermal paper market by applications, 2019-2029 (USD billion)
5. Global thermal paper market by region, 2019-2029 (USD Billion)
8.1. North America
8.1.1. United States
8.2.1. Great Britain
8.2.4. The rest of Europe
8.3. Asia Pacific
8.3.4. Rest of Asia-Pacific
8.4. South America
8.4.3. Rest of South America
8.5. The Middle East and Africa
9. Competitive landscape
10. Company Profiles
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