According to Fact.MR’s market research, Koehler Paper Group, Nakagawa Manufacturing (USA), Inc., Siam Paper Public Company Limited, Jujo Thermal Ltd., Ricoh Company, Ltd., and Shandong Chenming Paper Holdings Ltd. are identified as key players in the thermal papers market, account for nearly 60% revenue share.
Key Points Addressed in Thermal Papers Industry Analysis
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand Share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Thermal Papers and How to Navigate
- Recommendation on Key Winning Strategies
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Consumption Analysis of Thermal Papers 2016-2020 Vs Market Outlook 2021-2031
Fact.MR- a market research and competitive intelligence provider- reports that from 2016 to 2020, the global market for thermal paper has expanded at just under 2% CAGR, reaching US$ 4 Bn as of 2020.
The market for thermal papers is expected to grow due to their demand for instant digital payments, supermarkets, and hypermarkets. In the ongoing COVID-19 crisis demand for digital payments is impelling the market to grow at a faster pace.
Growing demand for printing packages in a variety of applications will create a potential market for thermal paper from 2021 to 2031, with an anticipated CAGR exceeding 5%.
How is the Printing & Packaging Industry Spurring Thermal Papers Demand?
Logistics and e-commerce spaces are exhibiting robust demand for sustainable direct thermal solutions. The demand for sustainable labeling practices is driving the labeling industry toward more regenerative practices with recycled direct thermal papers.
POS systems are becoming increasingly popular among food chains, restaurants, and food stores since they are increasingly switching to inventory systems and time clocks. Fast-paced lifestyles often mandate the use of thermal paper for tickets, parking tickets, and admission tickets, which is increasing the demand for eco-friendly paper.
Globally, the market for thermal paper in retail is fueled by increasing numbers of supermarkets and hypermarkets in various regions. Thermal papers will continue to be in demand in the coming years if point-of-sale commerce remains a favorable way to transact businesses.
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Which Region Offers the Maximum Opportunity for Thermal Papers Suppliers?
The global market for thermal papers is expected to be dominated by North America due to the presence of major manufacturers, the increased adoption of advanced technologies, and increased research and development activities.
Developing markets in North America have paved the path for new opportunities.
In North America, the market for thermal papers is primarily driven by the growth of digital payments throughout the world. Furthermore, the growth in the retail sector is expected to drive the market in the future as it contributes to the demand for thermal papers.
How are Concerns Regarding BPA Exposure Spurring Thermal Papers Sales in the U.S?
U.S. residents suffer from widespread exposure to bisphenol A (BPA) and bisphenol S (BPS). After clocking out, cashiers who handle thermal papers containing BPS have significantly higher levels in their urine, indicating that thermal paper is a significant source of BPS exposure.
Nevertheless, there is no federal law that prohibits BPA from being used in receipts in the U.S. Until thermal paper is banned, Americans will likely be exposed to BPA and BPS. However, manufacturers are developing non-BPS laden thermal papers, which will sustain sales across the forecast period, expected to grow at nearly 4% CAGR.
Why is Asia an Attractive Investment Destination for Manufacturers?
As of 2020, demand for thermal papers across Asia accounted for more than 1/3rd of the global revenue. Rapid expansion of the retail industry coupled with rising demand for healthcare and pharmaceutical products has spurred demand for thermal papers for billing operations.
Emerging economies such as India, China, Japan and South Korea are expected to emerge as the frontrunners in the Asian market for thermal papers. Besides the aforementioned industries, manufacturing operations are also surging, especially across the packaging and food & beverage sectors, stimulating demand.
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Why is Thermal Paper Usage Surging across the Printing & Labeling Industry?
Thermal printing has a wide range of applications for companies trying to improve the quality of their packaging. A CAGR worth 4% has been anticipated for this segment by Fact.MR until 2031.
The use of thermal printing for numerous sectors such as shopping malls, grocery stores, catering, lottery systems, and shopping centers has raised the demand for thermal papers in the printing industry due to its accuracy and quality as well as its low maintenance cost, faster printing, reduced printing costs, and time-saving attributes.
How are Point-of-Sale Applications Generating Demand for Thermal Papers?
The point-of-sale (PoS) segment is anticipated to lead the global demand for thermal papers, registering a market share of nearly 70% throughout the 2021-2031 forecast period. Ease of printing is attributed as the major growth influencer.
The wide ranging usage of mobile PoS terminals in public utility spaces, transportation and retail markets has been credited with bolstering thermal papers demand. Growing preference for cashless transactions across emerging economies is spurring usage of PoS transactions, thus propelling demand.
Major players seeking to expand their customer base are hoping to gain a dominant position in the market.
- On 19th January 2021, Avery Dennison launched its first uncoated recycled direct thermal (rDT) paper label material that is commercially available on the market, which contains recycled post-consumer waste.
- Under the brand name Pergafast, Solenis produces a color developer for thermal papers. A versatile color developer, Pergafast 201 is used in all grades of top and non-top coated thermal papers. This development offers papermakers a safer alternative to bisphenol A (BPA), a chemical that disrupts hormone function.
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Historical Data Available for
|US$ Mn for Value & ‘000 Units for Volume|
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Available upon Request
Key Segments Covered
- 60-80 microns
- 80-90 microns
- Retail Industry
- Packaging & Labelling
- Printing & Publishing
- Entertainment & Transit
- Other End Uses
- Lottery & Gaming
- Labels & Tickets
- Other Applications
- Direct thermal
- Thermal transfer
Thermal Papers Market- Scope of Report
A recent study by Fact.MR on the thermal papers market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering thermal papers.
The study also provides the dynamics responsible for influencing the future status of the thermal papers market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies operating in the thermal papers market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of thermal paper market across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of thermal papers market during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative thermal papers markets?
- Which factors will impact the growth of thermal papers?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the thermal papers industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Estimates at global and regional levels for thermal papers are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global thermal paper market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the thermal papers market during the forecast period.
Country-specific valuation on demand for thermal paper market has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
In-depth Analysis on Competition Analysis
The report sheds light on leading manufacturers of thermal papers market, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering thermal paper market has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the thermal papers domain.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the thermal paper market industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
- FAQs -
As of 2020, sales of thermal papers reach US$ 4 Bn, according to Fact.MR’s recent report
Demand for thermal papers surged at over 2% CAGR from 2016 to 2020
According to Fact.MR, thermal papers sales are expected to register a CAGR exceeding 5% from 2021 to 2031
By 2031, the global market for thermal papers is expected to reach nearly US$ 7 Bn
Increasing popularity of point-of-sale (PoS) terminals to facilitate swift business transactions is augmenting demand for thermal papers
The U.S is likely to experience a growth rate of 4% in value CAGR terms with respect to thermal papers sales
Asia is likely to emerge as the dominant market for thermal papers, expected to account for over 1/3rd of global sales
Thermal paper usage is expected to surge in the packaging & labeling industry, expected to grow at a CAGR of 4%
Use of thermal papers in point-of-sale (PoS) kiosks is expected to remain high, registering a market share of almost 70%
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.