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Thermal Papers Market

Thermal Papers Market

Thermal Papers Market By Thickness Type (60-80 microns, 80-90 microns), By Technology (Direct thermal, Thermal transfer), By Application (Lottery & Gaming, Labels & Tickets) - Regional Forecast 2021-2031

Thermal Papers Market
FACT2487MR

Thermal Papers Market Outlook

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.

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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

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%.

An Adaptive Approach to Modern-day Research Needs

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.

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.

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Country-wise Analysis

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.

Category-wise Insights

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.

Competitive Landscape

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.

Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Countries Covered

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • GCC
  • South Africa

Key Market Segments Covered

  • Thickness Type
  • End User
  • Application
  • Technology
  • Region

Key Companies Profiled

  • Koehler Paper Group
  • Nakagawa Manufacturing (USA), Inc.
  • Siam Paper Public Company Limited,
  • Jujo Thermal Ltd.
  • Ricoh Company, Ltd.
  • Shandong Chenming Paper Holdings Ltd.

Pricing

Available upon Request

Key Segments Covered

  • Thickness Type

    • 60-80 microns
    • 80-90 microns
  • End User

    • Retail Industry
    • Healthcare
    • Packaging & Labelling
    • Printing & Publishing
    • Entertainment & Transit
    • Other End Uses
  • Application

    • Lottery & Gaming
    • Labels & Tickets
    • Other Applications
  • Technology

    • Direct thermal
    • Thermal transfer

- 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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