PUBLISHER: IMARC | PRODUCT CODE: 1378977
PUBLISHER: IMARC | PRODUCT CODE: 1378977
Thermal Paper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
The global thermal paper market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2022-2028. The increasing use of point-of-sale (POS) systems, the growing trends of ordering food online, and the bolstering growth of the e-commerce and healthcare industries represent some of the key factors driving the market.
Thermal paper, or audit roll, is a specialty paper that is coated with a mixture of bisphenol A (BPA) and developer chemicals that reacts to heat, causing the paper to darken on heat exposure. The printer heats tiny dots on the paper to create a sharp, clear image or text resistant to smudging and fading. Thermal paper is widely used in lightweight devices, such as point-of-sale (POS) systems, casinos, fax, credit card terminals, cash registers, kiosks, pay-at-the-pump, and mobile printers for printing receipts, tickets, and labels. It is marketed in a variety of sizes, colors, and thicknesses, depending on the application. Thermal paper is also available in water-resistant or fade-resistant variants, making it ideal for outdoor use or long-term storage.
Thermal Paper Market Trends:
The widespread adoption of point-of-sale (POS) systems across the thriving retail sector represents the primary factor driving the market growth. In line with this, increasing product utilization in grocery stores, shopping malls, gas stations, catering, gaming arenas, lottery systems, coffee shops, and bakery stores for printing labels, tickets, and receipts is creating a favorable outlook for the market. Moreover, the growing demand for online food-ordering services due to hectic lifestyles, changing dietary habits, and the inflating disposable income of individuals is strengthening the market growth. Concurrent with this, the large-scale product employment across the flourishing e-commerce industry for printing shipping labels and other thermal paper products used in the logistics sector is presenting remunerative growth opportunities for the market. Besides this, the surging product demand from the expanding healthcare industry for printing patient identification wristbands, prescription labels, and other medical records is contributing to the market growth. In addition to this, the implementation of favorable government regulations mandating the use of bisphenol A (BPA) free thermal paper is acting as another significant growth-inducing factor. Furthermore, innovative advancements in thermal printing technology, allowing printers to generate higher-quality prints at faster speeds, are fuelling the demand for thermal papers. Other factors, including the widespread product utilization in portable POS machines to issue parking tickets, significant growth in the e-commerce industry, and enhanced research and development (R&D) activities to develop advanced thermal printing technologies that use lower levels of heat, are supporting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global thermal paper market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology and application.
Technology Insights:
Direct Thermal
Thermal Transfer
The report has provided a detailed breakup and analysis of the thermal paper market based on the technology. This includes direct thermal and thermal transfer. According to the report, direct thermal represented the largest segment.
Application Insights:
Point of Sale (PoS)
Lottery and Gaming
Tags and Labels
Others
A detailed breakup and analysis of the thermal paper market based on the application has also been provided in the report. This includes point of sale (PoS), lottery and gaming, tags and labels, and others. According to the report, point of sale (PoS) accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for thermal paper. Some of the factors driving the Asia Pacific thermal paper market included the increasing adoption of point of sale (POS) systems across the retail sector, the bolstering growth of the e-commerce sector, and innovative technological advancements in the industry.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global thermal paper market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Appvion Operations Inc, Gold Huasheng Paper Co. Ltd., Hansol Paper Ltd., Henan JiangHE Paper Co. Ltd, Jujo Thermal Ltd. (Nippon Paper Industries Co. Ltd), Koehler Group, Lecta Group, Mitsubishi Paper Mills Limited, Nakagawa Manufacturing Inc., Oji Holdings Corporation, Ricoh Company Ltd. and Thermal Solutions International Inc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1. What was the size of the global thermal paper market in 2022?
- 2. What is the expected growth rate of the global thermal paper market during 2023-2028?
- 3. What are the key factors driving the global thermal paper market?
- 4. What has been the impact of COVID-19 on the global thermal paper market?
- 5. What is the breakup of the global thermal paper market based on the technology?
- 6. What is the breakup of the global thermal paper market based on the application?
- 7. What are the key regions in the global thermal paper market?
- 8. Who are the key players/companies in the global thermal paper market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Thermal Paper Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Technology
- 6.1 Direct Thermal
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Thermal Transfer
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Application
- 7.1 Point of Sale (PoS)
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Lottery and Gaming
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Tags and Labels
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Appvion Operations Inc
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Gold Huasheng Paper Co. Ltd.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Hansol Paper Ltd.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.4 Henan JiangHE Paper CO. LTD
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Jujo Thermal Ltd. (Nippon Paper Industries Co. Ltd)
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Koehler Group
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Lecta Group
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Mitsubishi Paper Mills Limited
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Nakagawa Manufacturing Inc.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 Oji Holdings Corporation
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.11 Ricoh Company Ltd.
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 Financials
- 13.3.11.4 SWOT Analysis
- 13.3.12 Thermal Solutions International Inc.
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.1 Appvion Operations Inc
List of Figures
- Figure 1: Global: Thermal Paper Market: Major Drivers and Challenges
- Figure 2: Global: Thermal Paper Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Thermal Paper Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Thermal Paper Market: Breakup by Technology (in %), 2022
- Figure 5: Global: Thermal Paper Market: Breakup by Application (in %), 2022
- Figure 6: Global: Thermal Paper Market: Breakup by Region (in %), 2022
- Figure 7: Global: Thermal Paper (Direct Thermal) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Thermal Paper (Direct Thermal) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Thermal Paper (Thermal Transfer) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Thermal Paper (Thermal Transfer) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Thermal Paper (Point of Sale (PoS)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Thermal Paper (Point of Sale (PoS)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Thermal Paper (Lottery and Gaming) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Thermal Paper (Lottery and Gaming) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Thermal Paper (Tags and Labels) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Thermal Paper (Tags and Labels) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Thermal Paper (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Thermal Paper (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: North America: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: North America: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: United States: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: United States: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Canada: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Canada: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Asia-Pacific: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Asia-Pacific: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: China: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: China: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Japan: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Japan: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: India: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: India: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: South Korea: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: South Korea: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Australia: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Australia: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Indonesia: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Indonesia: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Others: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Others: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Europe: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Europe: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Germany: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Germany: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: France: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: France: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: United Kingdom: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: United Kingdom: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Italy: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Italy: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Spain: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Spain: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Russia: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Russia: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Others: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Others: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Latin America: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Latin America: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Brazil: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Brazil: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Mexico: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Mexico: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Middle East and Africa: Thermal Paper Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Middle East and Africa: Thermal Paper Market: Breakup by Country (in %), 2022
- Figure 67: Middle East and Africa: Thermal Paper Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Global: Thermal Paper Industry: SWOT Analysis
- Figure 69: Global: Thermal Paper Industry: Value Chain Analysis
- Figure 70: Global: Thermal Paper Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Thermal Paper Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Thermal Paper Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 3: Global: Thermal Paper Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Thermal Paper Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Thermal Paper Market: Competitive Structure
- Table 6: Global: Thermal Paper Market: Key Players
