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Thermal Paper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Thermal Paper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • November 2021
  • 141 pages
  • ID: 6185605
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global thermal paper market exhibited moderate growth during 2015-2020.

Looking forward, the analyst expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Thermal paper, also known as audit roll, is a recording media widely used to display information. It is coated with a mixture of dyes and chemicals that can change color when exposed to heat, unlike regular paper, which requires a ribbon or toner. It is widely used in lightweight devices, such as fax, casino, point-of-sale (POS) systems, cash registers, credit card terminals, kiosks, pay-at-the-pump, and mobile printers. These devices find application in retail, gaming, food and beverage (F&B), tourism and hospitality, and banking, financial services and insurance (BFSI) sectors worldwide.

Due to its convenience and high reliability, thermal paper finds extensive usage in grocery stores, shopping malls, gas stations, catering, gaming houses, lottery systems, coffee shops, and bakery stores for printing labels, tickets, and receipts. This, along with the expanding retail sector, represents one of the critical factors fueling the demand for thermal paper to carry out POS transactions. Moreover, the increasing sales of passenger vehicles are positively influencing the utilization of portable POS machines to issue parking tickets. Additionally, the widespread adoption of mobile POS terminals in public utility spaces, along with the growing shift towards digital payment methods at offline stores, is strengthening the market growth. Apart from this, the rising need for detailed descriptions of ingredients in food and beverage products on account of stringent labeling regulations is also contributing to the market growth. Furthermore, the escalating adoption of Radio-Frequency Identification (RFID) tags is anticipated to drive the demand for thermal papers in the healthcare and pharmaceutical industries for maintaining charts and other medical items.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global thermal paper market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, technology and application.

Breakup by Technology:
Direct Thermal
Thermal Transfer

Breakup by Application:
Point of Sale (PoS)
Lottery and Gaming
Tags and Labels
Others

Breakup by Region:
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

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

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