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PUBLISHER: Grand View Research | PRODUCT CODE: 1268774

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PUBLISHER: Grand View Research | PRODUCT CODE: 1268774

Thermal Paper Market Size, Share & Trends Analysis Report By Application (POS, Tags & Label, Lottery & Gaming), By Region (Asia Pacific, North America, Middle East & Africa, Europe), And Segment Forecasts, 2023 - 2030

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Thermal Paper Market Growth & Trends:

The global thermal paper market size is expected to reach USD 5.56 billion by 2030, registering a CAGR of 4.2% over the forecast years, as per a new report by Grand View Research Inc. This growth is attributed to the rising usage of POS terminals for monetary transactions in applications such as warehouses, supermarkets, and retail outlets.

Thermal papers are majorly used in printing receipts at POS terminals and in the production of tags used by industries such as pharmaceuticals and food and beverages to package and label their end-use products. Thermal papers are preferred over other modes of printing due to the lower cost of production, and maintenance of the printing set-up due to the lack of use of ribbons and ink in the printing process.

The increasing use of retail outlets and supermarkets in developing economies such as China, Brazil, and India are expected to augment the growth of the market during the forecast period. The rising demand for specialty paper in packaging by e-commerce and logistics market players is also expected to help in the market growth. However, rising digitalization and increasing substitute products are expected to restrict the market growth.

Growing demand for food & beverage, FMCG, and electronics goods in the Middle East and African countries considering population growth and urbanization in major markets of Saudi Arabia, UAE, and Qatar is expected to increase the use of POS terminals, tags, and labels. In addition, favorable support for promoting investments at the domestic level is expected to have a positive impact on the market growth in the region.

The market is anticipated to witness strong competition during the forecast period on account of the growing demand for thermal paper from the end-use industries such as ATMs, e-commerce industries, retail, and others. Public and private companies operating in the market are increasingly investing in the development of new products and new manufacturing technologies to optimize the production process. They are also focusing on expanding their production facilities to maintain their supply chain for thermal paper.

Major players in the industry have established production units in different regions to cater to specific geographical locations. They also use other distribution channels in local regions such as agreements with roll-converters to ensure continuous product supply. Manufacturers also engage in direct supply to end-users such as POS and label manufacturers.

Thermal Paper Market Report Highlights:

  • POS application segment dominated the market with a market share of 64.3% in terms of revenue in 2022 due to expansions in retail outlets in emerging economies in the Asia Pacific region.
  • The tags and labels application segment is expected to show significant growth during the forecast period due to the rising e-commerce sector which has led to a rise in the use of thermal papers for labels and packaging.
  • The Asia Pacific dominated the market with a market share of about 34.2% in terms of volume due to the increased investment in the region in manufacturing industries leading to a rise in demand for thermal paper.
  • Central and South America are expected to show significant growth during the forecast period due to the rising manufacturing and industrial activities in the region leading to a rise in the use of thermal paper in labeling.
  • The market is expected to show slow growth due to the increase in digitalization and reduced use of printing across end-uses such as monetary transactions. The presence of internal substitutes is also expected to hamper market growth.
  • The market consists of limited players who control most of the global market. Strategies followed by key players include vertical integration, localized production units, and product innovation to gain a competitive edge in the market.
Product Code: 978-1-68038-690-5

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Research Methodology
  • 1.3. Research Scope & Assumption
  • 1.4. Information Procurement
    • 1.4.1. Purchased Database
    • 1.4.2. GVR's Internal Database
    • 1.4.3. Secondary Sources & Third-Party Perspectives
    • 1.4.4. Primary Research
  • 1.5. Information Analysis
    • 1.5.1. Data Analysis Models
  • 1.6. Market Formulation & Data Visualization
  • 1.7. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segmental Outlook
  • 2.3. Competitive Insights

Chapter 3. Thermal paper Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
    • 3.1.1. Parent Market Outlook: Global Paper Market
  • 3.2. Thermal Paper Market - Value Chain Analysis
  • 3.3. Raw Material Trends
    • 3.3.1. Paper
    • 3.3.2. Leuco Dye
    • 3.3.3. Procurement Best Practices
  • 3.4. Manufacturing Trends
    • 3.4.1. Technology Trends
    • 3.4.2. Cost Structure Analysis
    • 3.4.3. Profit Margin Analysis
  • 3.5. . Sales Channel Analysis
  • 3.6. Vendor Selection Criteria
  • 3.7. Technology Overview
    • 3.7.1. Timeline
  • 3.8. Regulatory Framework
  • 3.9. Market Dynamics
    • 3.9.1. Market Driver Analysis
      • 3.9.1.1. Expansion of PoS Terminal Network
      • 3.9.1.2. Growing Demand for Labels
    • 3.9.2. Market Restraint Analysis
      • 3.9.2.1. Emergence of Alternative Transaction Methods
    • 3.9.3. Industry Challenges
  • 3.10. Business Environment Analysis: Thermal Paper Market
    • 3.10.1. Industry Analysis - Porter's
      • 3.10.1.1. Supplier Power
      • 3.10.1.2. Buyer Power
      • 3.10.1.3. Threat of Substitution
      • 3.10.1.4. Threat from New Entrants
      • 3.10.1.5. Competitive Rivalry
  • 3.11. Industry Analysis - PESTLE by SWOT
  • 3.12. Market Disruption Analysis

Chapter 4. Thermal paper Market: Application Estimates & Trend Analysis

  • 4.1. Key Takeaways
  • 4.2. Application Movement Analysis & Market Share, 2022 & 2030
  • 4.3. Thermal Paper Market Estimates & Forecasts, By Application (Kilotons) (USD Million), 2018 - 2030
  • 4.4. Point-of-Sale (POS)
  • 4.5. Tags & Label
  • 4.6. Lottery & Gaming
  • 4.7. Others

Chapter 5. Thermal paper Market: Regional Estimates & Trend Analysis

  • 5.1. Thermal Paper Market: Regional Key Takeaways
  • 5.2. Thermal Paper Market: Regional Outlook
  • 5.3. North America
    • 5.3.1. North America thermal paper market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.3.2. U.S.
      • 5.3.2.1. U.S. thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.3.3. Canada
      • 5.3.3.1. Canada thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.3.4. Mexico
      • 5.3.4.1. Mexico thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
  • 5.4. Europe
    • 5.4.1. Europe thermal paper market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.2. Germany
      • 5.4.2.1. Germany thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.3. U.K.
      • 5.4.3.1. U.K. thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.4. France
      • 5.4.4.1. France thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
  • 5.5. Asia Pacific
    • 5.5.1. Asia Pacific thermal paper market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.5.2. China
      • 5.5.2.1. China thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.5.3. India
      • 5.5.3.1. India thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.5.4. Japan
      • 5.5.4.1. Japan thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
  • 5.6. Central & South America
    • 5.6.1. Central & South America thermal paper market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.6.2. Brazil
      • 5.6.2.1. Brazil thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
  • 5.7. Middle East & Africa
    • 5.7.1. Middle East & Africa thermal paper market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.7.2. Saudi Arabia
      • 5.7.2.1. Saudi Arabia thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)

Chapter 6. Competitive Landscape

  • 6.1. Key Global Players & Recent Developments & Their Impact on the Industry
  • 6.2. Key Innovators, Market Leaders, and Emerging Players
  • 6.3. Vendor Landscape
    • 6.3.1. List of Key Distributors & Channel Partners
    • 6.3.2. Key End-users & Converters
  • 6.4. Public Companies
    • 6.4.1. Company Market Positioning Analysis
    • 6.4.2. Company Ranking Analysis
    • 6.4.3. Competitive Dashboard Analysis
    • 6.4.4. Market Differentiators
    • 6.4.5. Synergy Analysis
    • 6.4.6. SWOT Analysis
  • 6.5. Private Companies
    • 6.5.1. List of Key Emerging Players and Their Geographical Presence
    • 6.5.2. Company Market Position Analysis
  • 6.6. Company Listing
    • 6.6.1. Ricoh Company Ltd.
    • 6.6.2. Oji Holdings Corporation
    • 6.6.3. Appvion Inc
    • 6.6.4. Koehler Group
    • 6.6.5. Mitsubishi Paper Mills (MPM) Limited
    • 6.6.6. Hansol Paper Co. Ltd.
    • 6.6.7. Gold Huasheng Paper Co. Ltd.
    • 6.6.8. Henan Province JiangHe Paper Co. Ltd.
    • 6.6.9. Thermal Solutions International Inc. (TSI)
    • 6.6.10. Jujo Thermal Limited
    • 6.6.11. Rotolificio Bergamasco Srl
    • 6.6.12. NAKAGAWA Manufacturing (USA), Inc
    • 6.6.13. Twin Rivers Paper Company
    • 6.6.14. Iconex LLC
Product Code: 978-1-68038-690-5

List of Tables

  • Table 1 Thermal paper market estimates and forecasts, in POS application, 2018 - 2030 (Kilotons) (USD Million)
  • Table 2 Thermal paper market estimates and forecasts, in tags and label application, 2018 - 2030 (Kilotons) (USD Million)
  • Table 3 Thermal paper market estimates and forecasts, in lottery and gaming application, 2018 - 2030 (Kilotons) (USD Million)
  • Table 4 Thermal paper market estimates and forecasts, in other applications, 2018 - 2030 (Kilotons) (USD Million)
  • Table 5 North America Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 6 North America Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 7 North America Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
  • Table 8 U.S. Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 9 U.S. Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 10 U.S. Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
  • Table 11 Canada. Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 12 Canada Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 13 Canada Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
  • Table 14 Mexico. Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 15 Mexico Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 16 Mexico Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
  • Table 17 Europe Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 18 Europe Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 19 Europe Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
  • Table 20 Germany Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 21 Germany Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 22 Germany Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
  • Table 23 U.K. Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 24 U.K. Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 25 U.K. Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
  • Table 26 France Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 27 France Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 28 France Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
  • Table 29 Asia Pacific Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 30 Asia Pacific Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 31 Asia Pacific Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
  • Table 32 China Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 33 China Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 34 China Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
  • Table 35 India Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 36 India Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 37 India Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
  • Table 38 Japan Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 39 Japan Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 40 Japan Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
  • Table 41 Central & South America Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 42 Central & South America Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 43 Central & South America Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
  • Table 44 Brazil Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 45 Brazil Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 46 Brazil Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
  • Table 47 Middle East & Africa Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 48 Middle East & Africa Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 49 Middle East & Africa Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
  • Table 50 Saudi Arabia Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Table 51 Saudi Arabia Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
  • Table 52 Saudi Arabia Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)

List of Figures

  • Fig. 1 Information Procurement
  • Fig. 2 Primary Research Pattern
  • Fig. 3 Primary Research Process
  • Fig. 4 Market Research Approaches - Bottom-Up Approach
  • Fig. 5 Market Research Approaches - Top Down Approach
  • Fig. 6 Market Research Approaches - Combined Approach
  • Fig. 7 Market Snapshot
  • Fig. 8 Segment Insights
  • Fig. 9 Competitive Insights
  • Fig. 10 Penetration and Growth Prospect Mapping
  • Fig. 11 Thermal paper Market: Value Chain Analysis
  • Fig. 12 Supplier Selection Criteria: Lean and Agile Strategy
  • Fig. 13 Thermal paper Market: Market Dynamics
  • Fig. 14.Thermal paper Market: Market Driver Impact Analysis
  • Fig. 15.Thermal paper Market: Market Restraint Impact Analysis
  • Fig. 16 Thermal paper Market, by Application, Key takeaways, 2022 & 2030
  • Fig. 17 Thermal paper Market, by Application, Market Share, 2022 & 2030
  • Fig. 18 Thermal paper Market, Regional Outlook, 2022 & 2030
  • Fig. 19 Thermal paper Market, by region, Key Takeaways, 2022 & 2030
  • Fig. 20 North America thermal paper market estimates & forecasts, 2018 - 2030 (USD Million)
  • Fig. 21 U.S. thermal paper market estimates & forecasts, 2018 - 2030 (USD Million)
  • Fig. 22 Canada thermal paper market estimates & forecasts, 2018 - 2030 (USD Million)
  • Fig. 23 Mexico thermal paper market estimates & forecasts, 2018 - 2030 (USD Million)
  • Fig. 24 Europe thermal paper market estimates & forecasts, 2018 - 2030 (USD Million)
  • Fig. 25 Germany thermal paper market estimates & forecasts, 2018 - 2030 (USD Million)
  • Fig. 26 France thermal paper market estimates & forecasts, 2018 - 2030 (USD Million)
  • Fig. 27 U.K. thermal paper market estimates & forecasts, 2018 - 2030 (USD Million)
  • Fig. 28 Asia Pacific thermal paper market estimates & forecasts, 2018 - 2030 (USD Million)
  • Fig. 29 China thermal paper market estimates & forecasts, 2018 - 2030 (USD Million)
  • Fig. 30 Japan thermal paper market estimates & forecasts, 2018 - 2030 (USD Million)
  • Fig. 31 India thermal paper market estimates & forecasts, 2018 - 2030 (USD Million)
  • Fig. 32 Central & South America thermal paper market estimates & forecasts, 2018 - 2030 (USD Million)
  • Fig. 33 Brazil thermal paper market estimates & forecasts, 2018 - 2030 (USD Million)
  • Fig. 34 Middle East & Africa thermal paper market estimates & forecasts, 2018 - 2030 (USD Million)
  • Fig 35 Competitive Environment
  • Fig 36 Company Market Position Analysis
  • Fig 37 Company Heat Map Analysis
  • Fig. 38 Thermal paper Market: Competitive Dashboard Analysis
  • Fig. 39 SWOT Analysis
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