Global Thermal Paper Market Report and Forecast 2023-2028
Market Report I 2023-10-02 I 165 Pages I EMR Inc.
Global Thermal Paper Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global thermal paper market is projected to grow at a CAGR of 5.8% between 2023 and 2028. Aided by the increasing demand for efficient labelling solutions in various industries, such as retail, healthcare, and logistics, the market is expected to grow significantly by 2028.
Thermal paper is a special type of paper that is coated with a material formulated to change colour when exposed to heat. It is used extensively in point-of-sale (POS) terminals, which include checkout counters in retail stores, as well as other devices such as ATM machines and thermal printers. In addition to its primary role in these sectors, thermal paper is also finding increasing applications in ticketing, lottery, and gaming industries.
The increasing adoption of POS systems and the burgeoning e-commerce sector are driving the global thermal paper market growth. As retail industries continue to adopt digitisation, the demand for efficient and quick billing and labelling solutions is surging. Thermal papers, which enable instant printing with clear and durable images, are thus becoming increasingly popular in various sectors.
The rising demand for convenient and portable printing solutions in healthcare and logistics sectors is further contributing to the thermal paper market demand. For instance, in the healthcare sector, thermal paper is used for printing patient records, prescriptions, and diagnostic results, ensuring high-quality printouts that are resistant to factors such as oil, water, and heat.
The growing environmental concerns and stringent regulations regarding paper sustainability are encouraging manufacturers to innovate. As a result, the sector is witnessing the development of BPA-free and phenol-free thermal papers. These products, besides being environment-friendly, are also safer for human health, addressing growing consumer and regulatory concerns about potential risks associated with traditional thermal paper products.
The Asia Pacific region, led by China, Japan, and India, is expected to be a significant contributor to the global thermal paper market size due to the rapid expansion of the retail and logistics sectors in these countries. North America and Europe continue to be strong markets for thermal paper due to the high adoption rate of advanced POS systems and automated transaction systems in these regions.
Looking ahead, the growing trend towards digitisation and automation in retail, logistics, and healthcare sectors is likely to continue driving demand for thermal paper. Additionally, the development of more sustainable and health-friendly thermal paper options is expected to open new avenues for growth in the market.
Furthermore, with the integration of technologies like RFID and NFC in thermal paper products, the thermal paper market outlook is set to witness the emergence of 'smart' thermal paper solutions. These solutions are expected to offer features such as real-time tracking and enhanced data storage capabilities, thereby providing additional value to end-users and potentially opening up new, lucrative segments for the thermal paper market.
Market Segmentation
The market can be divided based on application, technology, and region.
Market Breakup by Application
- POS
- Tags and Label
- Lottery and Gaming
- Others
Market Breakup by Technology
- Direct Thermal
- Thermal Transfer
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global thermal paper market. Some of the major players explored in the report by Expert Market Research are as follows:
- Ricoh Company Ltd.
- Oji Holdings Corporation
- Appvion Operations, Inc.
- Koehler Paper
- Mitsubishi Paper Mills Limited
- Hansol Paper Co. Ltd
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
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
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
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
8.4.1 POS
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Tags and Label
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Lottery and Gaming
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Thermal Paper Market by Technology
8.5.1 Direct Thermal
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Thermal Transfer
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Thermal Paper Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Thermal Paper Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Thermal Paper Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Thermal Paper Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Thermal Paper Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Thermal Paper Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Manufacturing Process
16.1 Overview
16.2 Detailed Process Flow
16.3 Operation Involved
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Ricoh Company Ltd.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Oji Holdings Corporation
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Appvion Operations, Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Koehler Paper
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Mitsubishi Paper Mills Limited
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Hansol Paper Co. Ltd
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
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
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