Thermal Paper Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, Segmented By Application (POS, Tags & Label, Lottery & Gaming, Others), By Region, Competition, 2020-2030F

Description

The Global Thermal Paper Market, valued at USD 4.26 Billion in 2024, is projected to experience a CAGR of 5.83% to reach USD 5.98 Billion by 2030. Thermal paper is a specialized paper coated with a chemical layer that reacts to heat, producing printed images without the need for ink or toner, commonly utilized in point-of-sale systems, labels, and ticketing applications. The market's growth is primarily driven by the expansion of e-commerce, increasing adoption of point-of-sale (POS) terminals across retail and hospitality sectors, and the rising demand for efficient logistics and labeling solutions.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 4.26 Billion
Market Size 2030	USD 5.98 Billion
CAGR 2025-2030	5.83%
Fastest Growing Segment	POS
Largest Market	Asia Pacific

Key Market Drivers

The rising adoption of Point-of-Sale POS systems represents a fundamental driver for the global thermal paper market. Modern retail and hospitality sectors increasingly rely on efficient transaction processing, receipt generation, and inventory management, all of which are seamlessly supported by thermal printing technology. These systems facilitate rapid and silent printing without the need for ink or toner, making them ideal for high-volume environments such as supermarkets, restaurants, and various service outlets. The continuous upgrade and expansion of these infrastructures directly translates to a sustained demand for thermal paper rolls. According to NCR Voyix, in December 2023, in its press release "NCR Voyix tops in new POS installations", there were more than 390,000 new POS software installations from January to June 2023. This indicates significant investment in new POS solutions which invariably incorporate thermal printing capabilities.

Key Market Challenges

The ongoing volatility in raw material prices poses a substantial challenge to the global thermal paper market. This unpredictability, particularly concerning the specialty chemicals and coatings essential for thermal paper production, directly escalates manufacturing costs. Such fluctuating input prices impede stable production planning and consequently diminish profitability for industry participants. The unpredictable nature of these costs obliges manufacturers to either absorb higher expenses or transfer them to consumers, which can negatively affect market competitiveness and pricing strategies.

Key Market Trends

The global thermal paper market is significantly influenced by the increasing adoption of eco-conscious thermal paper formulations. This trend is driven by heightened environmental awareness, evolving regulatory landscapes regarding chemical substances like BPA or phenols, and strong consumer preferences for sustainable products. Manufacturers are investing in research and development to create thermal papers that are recyclable, compostable, or made from alternative, renewable raw materials to reduce environmental impact. This shift enables brands to align with sustainability goals and meet consumer demand for greener packaging and receipts.

Key Market Players

Oji Holdings Corp.
Appvion Inc.
Koehler Group
Mitsubishi Paper Mills Ltd.
Hansol Paper Co. Ltd.
Gold Huasheng Paper Co. Ltd.
Henan Province JiangHe Paper Co. Ltd.
Thermal Solutions International Inc.
Iconex LLC
Twin Rivers Paper Company

Report Scope:

In this report, the Global Thermal Paper Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Thermal Paper Market, By Application:

POS
Tags & Label
Lottery & Gaming
Others

Thermal Paper Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Thermal Paper Market.

Available Customizations:

Global Thermal Paper Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Thermal Paper Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Application (POS, Tags & Label, Lottery & Gaming, Others)
- 5.2.2. By Region
- 5.2.3. By Company (2024)
5.3. Market Map

6. North America Thermal Paper Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Application
- 6.2.2. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Thermal Paper Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Application
- 6.3.2. Canada Thermal Paper Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Application
- 6.3.3. Mexico Thermal Paper Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Application

7. Europe Thermal Paper Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Application
- 7.2.2. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Thermal Paper Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Application
- 7.3.2. France Thermal Paper Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Application
- 7.3.3. United Kingdom Thermal Paper Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Application
- 7.3.4. Italy Thermal Paper Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Application
- 7.3.5. Spain Thermal Paper Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Application

8. Asia Pacific Thermal Paper Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Application
- 8.2.2. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Thermal Paper Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Application
- 8.3.2. India Thermal Paper Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Application
- 8.3.3. Japan Thermal Paper Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Application
- 8.3.4. South Korea Thermal Paper Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Application
- 8.3.5. Australia Thermal Paper Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Application

9. Middle East & Africa Thermal Paper Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Application
- 9.2.2. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Thermal Paper Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Application
- 9.3.2. UAE Thermal Paper Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Application
- 9.3.3. South Africa Thermal Paper Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Application

10. South America Thermal Paper Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Application
- 10.2.2. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Thermal Paper Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Application
- 10.3.2. Colombia Thermal Paper Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Application
- 10.3.3. Argentina Thermal Paper Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Application

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Thermal Paper Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Oji Holdings Corp.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Appvion Inc.
15.3. Koehler Group
15.4. Mitsubishi Paper Mills Ltd.
15.5. Hansol Paper Co. Ltd.
15.6. Gold Huasheng Paper Co. Ltd.
15.7. Henan Province JiangHe Paper Co. Ltd.
15.8. Thermal Solutions International Inc.
15.9. Iconex LLC
15.10. Twin Rivers Paper Company