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The global thermal paper market attained a value of USD 3.87 billion in 2021. The thermal paper market is further expected to grow in the forecast period of 2023-2028 at a CAGR of around 5.8% to reach USD 5.43 billion by 2027.
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Traditionally, thermal paper used BPA as a developer to facilitate the printing of images using heat. However, with latest pharmacological studies outlining negative health effects of BPA through skin absorption, such as disruption of endocrine systems and lowered fertility rates, BPS usage is slowly being replaced in the thermal paper industry.
Guided by regulations on BPA usage by the United States EPA and the European Union, BPA is being phased out. Based on the thermal paper market analysis, alternatives include BPS, BPS-MAE, d-8, Pergafast-201, d-90, and TGSA are growing in usage as they are considered safer for handling.
Over the past years, usage of ATMs has increased, driven by growing disposable incomes of people worldwide. Thermal paper is commonly used to print receipts for ATM transactions, and with the continued rise of ATM usage, the thermal paper market growth is likely to be bolstered by increased demands from ATMs.
Direct thermal printing technology holds a leading segment in the thermal paper market share due to the small size of direct thermal printers which support their mobility. Market reports on paper industry highlight that the direct thermal printing process is low cost, making it suitable for usage in the retail and logistics industries.
In the forecast period the thermal transfer printing technology segment is projected to expand globally. This is due to the ability of thermal transfer printers to produce higher quality and more durable prints on varying paper qualities. The thermal paper market report identifies that the versatility of thermal transfer printers and their long lasting printheads, have resulted in a preference for their usage to produce tags and printing labels that are attractive and durable.
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The thermal paper refers to a special paper that transforms the colour without the use of conventional ink when exposed to heat. This effect is achieved by covering the paper in the production process in heat-sensitive dyes and developers.
Based on technology, the thermal papers market is divided into:
The thermal papers market can be broadly categorised based on its applications into:
The EMR report looks into the regional thermal paper markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Across emerging regions, such as India, the advent of digitalisation has fuelled the need for POS systems and consequently increased the demand for thermal paper in the market. The thermal paper market in US is dominated by the use of thermal papers in POS terminals in retail stores and in warehousing and logistics applications.
According to the thermal paper industry analysis, the increasing significance of product labelling has had a positive effect on the market for thermal paper. The thermal paper also provides excellent colouring at high speeds and an extremely durable finish, which does not fade easily. This feature enables the use of printed bar codes for POS food labelling and other applications, which have increased the demand worldwide for the thermal paper during manufacture and shipping.
Many distributors, use digital receipt software to work with existing POS systems and only print customer receipts on demand which may restrict the growth of the market for thermal paper.
The thermal paper industry report presents a detailed analysis of the following key players in the global thermal paper market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the thermal paper market by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Application||
|Breakup by Technology||
|Breakup by Region||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Thermal Paper Market Analysis
8.1 Key Industry Highlights
8.2 Global Thermal Paper Historical Market (2018-2022)
8.3 Global Thermal Paper Market Forecast (2023-2028)
8.4 Global Thermal Paper Market by Application
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2018-2022)
188.8.131.52 Forecast Trend (2023-2028)
8.4.2 Tags and Label
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2018-2022)
18.104.22.168 Forecast Trend (2023-2028)
8.4.3 Lottery and Gaming
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2018-2022)
188.8.131.52 Forecast Trend (2023-2028)
8.5 Global Thermal Paper Market by Technology
8.5.1 Direct Thermal
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2018-2022)
18.104.22.168 Forecast Trend (2023-2028)
8.5.2 Thermal Transfer
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2018-2022)
188.8.131.52 Forecast Trend (2023-2028)
8.6 Global Thermal Paper Market by Region
8.6.1 Market Share
184.108.40.206 North America
220.127.116.11 Asia Pacific
18.104.22.168 Latin America
22.214.171.124 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
126.96.36.199 United States of America
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
188.8.131.52 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Manufacturing Process
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Ricoh Company Ltd.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13.2.2 Oji Holdings Corporation
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13.2.3 Appvion Operations, Inc.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13.2.4 Koehler Paper
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13.2.5 Mitsubishi Paper Mills Limited
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13.2.6 Hansol Paper Co. Ltd
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Thermal Paper Market: Key Industry Highlights, 2018 and 2028
2. Global Thermal Paper Historical Market: Breakup by Application (USD Billion), 2018-2022
3. Global Thermal Paper Market Forecast: Breakup by Application (USD Billion), 2023-2028
4. Global Thermal Paper Historical Market: Breakup by Technology (USD Billion), 2018-2022
5. Global Thermal Paper Market Forecast: Breakup by Technology (USD Billion), 2023-2028
6. Global Thermal Paper Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Thermal Paper Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Thermal Paper Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Thermal Paper Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Thermal Paper Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Thermal Paper Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Thermal Paper Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Thermal Paper Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Thermal Paper Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Thermal Paper Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Thermal Paper Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Thermal Paper Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Thermal Paper Market Structure
In 2021, the global thermal paper market attained a value of nearly USD 3.87 billion.
The market is projected to grow at a CAGR of 5.8% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 5.43 billion by 2027.
The major drivers of the industry, such as the rapidly rising food and beverage market, increasing need for POS systems with the advent of digitalisation, and the increasing significance of product labelling, are expected to aid the market growth.
The key market trend guiding the industry growth includes the increasing demand worldwide for the product for manufacturing and shipping.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of the product in the industry are POS terminals, tags and labels, and lotteries and gaming, among others.
The significant technologies in the industry are direct thermal and thermal transfer, among others.
The major players in the industry are Ricoh Company, Ltd., Oji Holdings Corporation, Appvion Incorporated, Koehler Paper, Mitsubishi Paper Mills (MPM) Limited, Hansol Paper Co. Ltd, and Siam Paper, among others.
The global thermal paper market attained a value of USD 3.87 billion in 2021, driven by the increasing need for POS systems with the advent of digitalisation. Aided by the rising demand in the manufacturing and shipping, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.8%. The thermal paper market is projected to reach USD 5.43 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the industry can be segmented into POS, tags and label, lottery and gaming, and others. On the basis of technologies, the industry can be divided into direct thermal, thermal transfer, and others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Ricoh Company, Ltd., Oji Holdings Corporation, Appvion Incorporated, Koehler Paper, Mitsubishi Paper Mills (MPM) Limited, Hansol Paper Co. Ltd, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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