PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388048
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388048
Thermal Paper Market Share, Size, Trends, Industry Analysis Report, By Application (POS, Tags & Label, Lottery & Gaming), By Region, And Segment Forecasts, 2023 - 2032
The global thermal paper market size is expected to reach USD 6,161.81 million by 2032, according to a new study by Polaris market research. The report "Thermal Paper Market Share, Size, Trends, Industry Analysis Report, By Application (POS, Tags & Label, Lottery & Gaming), By Region, And Segment Forecasts, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Market expansion is due to the increasing utilization of POS terminals for monetary transactions across various settings, such as warehouses, retail outlets, and supermarkets. Thermal papers play a pivotal role in this context, primarily employed for printing receipts at the POS terminals and to create tags utilized by industries like pharmaceuticals and food and beverages for packaging and labeling their final products. The preference for thermal papers stems from their economical production costs and ease of maintenance, as they don't require ribbons and ink in the printing process, setting them apart from alternative printing methods.
Growth is fueled by the expanding utilization of retail outlets and supermarkets in emerging economies like China, Brazil, and India. Additionally, the growing requirement for specialty paper for packaging purposes within the e-commerce and logistics sectors will contribute to the market's expansion. Nonetheless, the ascent of digitalization and the emergence of substitute products will constrain the market's growth trajectory.
The Middle East and African region are witnessing an increasing demand for food and beverage, FMCG, and electronics products, driven by population growth and urbanization, particularly in key markets like Saudi Arabia, UAE, and Qatar. This surge in demand is projected to lead to higher utilization of POS terminals, tags, and labels. Additionally, the region's supportive initiatives to encourage domestic investments are anticipated to contribute positively to the market growth in this area.
Escalating the need for thermal paper across diverse end-use sectors, including ATMs, e-commerce, and retail. Companies, both public and private, active in this sector are progressively channeling investments into novel product innovation and advanced manufacturing techniques to enhance production efficiency. Furthermore, there is a concerted effort to expand production facilities, ensuring a robust supply chain for thermal paper.
Prominent industry participants have strategically positioned production facilities across various regions to cater to distinct geographical markets. Additionally, they employ diverse distribution channels at local levels, including collaborations with roll-converters, to ensure uninterrupted product availability. Manufacturers also directly engage with end-users, such as POS and label manufacturers, to facilitate direct supply relationships.
Thermal Paper Market Report Highlights
POS application segment held the largest share, due to surge in establishment of retail chains in the emerging nations
Tags & labels ganing traction, owing to the emergence of e-coomerce channels, and millennials usually prefer online mediums to purchase goods
APAC will grow at rapid pace, on account of favorable government investments in the manufacturing sector, rinsing urbanization, and rising income levels of middle class
The global players include: Oji Holdings Corp., Thermal Solutions International, Iconex, Twin Rivers Paper, Appvion, Koehler Group, Mitsubishi Paper Mills, Hansol Paper, Gold Huasheng Paper, and Henan Province JiangHe Paper
Polaris market research has segmented the thermal paper market report based on application, and regions:
Thermal Paper, Application Outlook (Revenue - USD Million, 2019 - 2032)
- POS
- Tags & Label
- Lottery & Gaming
- Others
Thermal Paper, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Thermal Paper Market Insights
- 4.1. Thermal Paper Market - Industry Snapshot
- 4.2. Thermal Paper Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Expanding digitalization of transaction processes
- 4.2.1.2. Rising emphasis on environmental consciousness
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Emergence of Alternative Transaction Methods
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Value Chain Analysis
- 4.6. Thermal Paper Industry trends
- 4.7. COVID-19 Impact Analysis
5. Global Thermal Paper Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 5.3. POS
- 5.3.1. Global Thermal Paper Market, by POS, by Region, 2019-2032 (USD Million)
- 5.4. Tags & Label
- 5.4.1. Global Thermal Paper Market, by Tags & Label, by Region, 2019-2032 (USD Million)
- 5.5. Lottery & Gaming
- 5.5.1. Global Thermal Paper Market, by Lottery & Gaming, by Region, 2019-2032 (USD Million)
- 5.6. Others
- 5.6.1. Global Thermal Paper Market, by Others, by Region, 2019-2032 (USD Million)
6. Global Thermal Paper Market, by Geography
- 6.1. Key findings
- 6.2. Introduction
- 6.2.1. Thermal Paper Market Assessment, By Geography, 2019-2032 (USD Million)
- 6.3. Thermal Paper Market - North America
- 6.3.1. North America: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.3.2. Thermal Paper Market - U.S.
- 6.3.2.1. U.S.: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.3.3. Thermal Paper Market - Canada
- 6.3.3.1. Canada: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.4. Thermal Paper Market - Europe
- 6.4.1. Europe: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.4.2. Thermal Paper Market - UK
- 6.4.2.1. UK: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.4.3. Thermal Paper Market - France
- 6.4.3.1. France: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.4.4. Thermal Paper Market - Germany
- 6.4.4.1. Germany: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.4.5. Thermal Paper Market - Italy
- 6.4.5.1. Italy: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.4.6. Thermal Paper Market - Spain
- 6.4.6.1. Spain: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.4.7. Thermal Paper Market - Netherlands
- 6.4.7.1. Netherlands: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.4.8. Thermal Paper Market - Austria
- 6.4.8.1. Austria: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.5. Thermal Paper Market - Asia Pacific
- 6.5.1. Asia Pacific: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.5.2. Thermal Paper Market - China
- 6.5.2.1. China: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.5.3. Thermal Paper Market - India
- 6.5.3.1. India: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.5.4. Thermal Paper Market - Malaysia
- 6.5.4.1. Malaysia: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.5.5. Thermal Paper Market - Japan
- 6.5.5.1. Japan: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.5.6. Thermal Paper Market - Indonesia
- 6.5.6.1. Indonesia: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.5.7. Thermal Paper Market - South Korea
- 6.5.7.1. South Korea: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.6. Thermal Paper Market - Middle East & Africa
- 6.6.1. Middle East & Africa: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.6.2. Thermal Paper Market - Saudi Arabia
- 6.6.2.1. Saudi Arabia: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.6.3. Thermal Paper Market - UAE
- 6.6.3.1. UAE: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.6.4. Thermal Paper Market - Israel
- 6.6.4.1. Israel: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.6.5. Thermal Paper Market - South Africa
- 6.6.5.1. South Africa: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.7. Thermal Paper Market - Latin America
- 6.7.1. Latin America: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.7.2. Thermal Paper Market - Mexico
- 6.7.2.1. Mexico: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.7.3. Thermal Paper Market - Brazil
- 6.7.3.1. Brazil: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- 6.7.4. Thermal Paper Market - Argentina
- 6.7.4.1. Argentina: Thermal Paper Market, by Application, 2019-2032 (USD Million)
7. Competitive Landscape
- 7.1. Expansion and Acquisition Analysis
- 7.1.1. Expansion
- 7.1.2. Acquisitions
- 7.2. Partnerships/Collaborations/Agreements/Exhibitions
8. Company Profiles
- 8.1. Appvion
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Recent Development
- 8.2. Gold Huasheng Paper
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Recent Development
- 8.3. Hansol Paper
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Recent Development
- 8.4. Henan Province JiangHe Paper
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Recent Development
- 8.5. Iconex
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Development
- 8.6. Jujo Thermal
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Development
- 8.7. Koehler Group
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Recent Development
- 8.8. Mitsubishi Paper Mills
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Recent Development
- 8.9. Oji Holdings Corp.
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Recent Development
- 8.10. Rotolificio Bergamasco
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Recent Development
- 8.11. Thermal Solutions International
- 8.11.1. Company Overview
- 8.11.2. Financial Performance
- 8.11.3. Product Benchmarking
- 8.11.4. Recent Development
- 8.12. Twin Rivers Paper
- 8.12.1. Company Overview
- 8.12.2. Financial Performance
- 8.12.3. Product Benchmarking
- 8.12.4. Recent Development
List of Tables
- Table 1 Global Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 2 Thermal Paper Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 3 North America: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 4 U.S.: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 5 Canada: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 6 Canada: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 7 Europe: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 8 Spain: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 9 Netherlands: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 10 Austria: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 11 Germany: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 12 Italy: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 13 France: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 14 Asia Pacific: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 15 China: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 16 Japan: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 17 India: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 18 Indonesia: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 19 South Korea: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 20 Malaysia: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 21 Latin America: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 22 Brazil: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 23 Mexico: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 24 Argentina: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 25 Middle East & Africa: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 26 South Africa: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 27 Israel: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 28 Saudi Arabia: Thermal Paper Market, by Application, 2019-2032 (USD Million)
- Table 29 UAE: Thermal Paper Market, by Application, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Thermal Paper Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Thermal Paper Market, by Application, 2022 & 2032 (USD Million)
- Figure 8 Thermal Paper Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 9 Strategic Analysis - Thermal Paper Market
