Thermal Paper Market Research Report - Global Forecast till 2025

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Thermal Paper Market Research Report By Forecast
To 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Thermal Paper Market Forecast To 2023
Global Thermal Paper Market Information Report,
By Technology (Direct Thermal, Thermal Transfer,
and Others), By Application (POS, Lottery
Gaming, Labels Tags, and Others) and By Region
- Global Forecast To 2023
On the basis of region, North America accounted
for the largest market share of 37.27 in 2016,
with a market value of USD 1,197.4 Million. The
region has witnessed increased demand of thermal
paper, from POS application, mainly due to the
high internet penetration in countries such as
U.S. and Canada. The POS applications demand
thermal paper for receipts, acknowledgements, and
bills. The U.S. is the major market in North
America. The country houses one of the biggest
international retail chains such as Walmart and
Amazon. This makes it an important market for
thermal paper. Europe was the second-largest
market in 2016, valued at USD 883.8 Million in
2016. The region accounts for increasing sales of
retail industry, from both brick and mortar and
online stores. The retail industry is seen pacing
significantly, especially in the countries of
Netherlands, U.K., and Germany. Hence, Europe is
projected to grow at a CAGR of 4.38. Asia
Pacific region is expected to grow at the highest
CAGR of 5.12 during the forecast period. The
region is regarded as one of the fastest growing
regions, in terms of sales from both retail and
online stores. With increasing disposable income
and changing consumer preferences, there has been
an inclination towards purchasing from online
platforms, especially the international ones such
as Amazon. China is the major market in Asia
Pacific region, owing to the increasing
population and increasing demand for consumer
goods.
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Thermal Paper Market Forecast To 2023
Based on technology, the market has been
segmented as direct thermal, thermal transfer,
and others. The direct thermal segment accounted
for the largest market share of 49.37 in 2016,
with a market value of USD 1,586.1 Million. In
direct thermal technology, no ribbon is used in
printing. It creates the image directly on the
printed material. Direct thermal printing uses
chemically treated, heat-sensitive media that
turns black when it passes under the thermal
print head. Thermal transfer technology is
projected to grow at the highest CAGR of 4.43.
Thermal transfer printing uses a heated ribbon to
produce durable, long-lasting images on a wide
variety of materials. Thermal transfer printers
can create highly durable wristbands, asset tags,
and certification labels, in addition to common
labels, tags, and tickets. On the basis of
application, the market has been segmented as,
POS, lottery gaming, labels tags, and others.
POS accounted for the largest market share of
58.90 in 2016. POS (Point of Sale) application
includes receipts and tags at the retails stores,
online purchases, and ATMs. The paper is
generally compatible with most transaction-style
printers and cash registers, and multiple rolls
come in a pack. POS paper ensures customers get a
clear, legible, smudge-free receipt each time.
The thermal paper for receipts come in various
dimensions to suit the end-use. The segment is
expected to grow at 4.93 CAGR during the
forecast period. Lottery Gaming was the
second-largest market that was valued at USD
421.5 Million in 2016. Labels tags is also
another major application. Thermal papers are
used extensively for barcodes and tags and
similar applications. Such labels and barcodes
come handy across the supply chain of FMCG goods,
for theft and security reasons. Hence, global
thermal paper market is expected to reach a
market size of USD 4,391.0 million by the end of
the forecast period at CAGR of 4.66.
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Thermal Paper Market Forecast To 2023
Segmentation
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Thermal Paper Market Forecast To 2023
Major Players
The key players of global thermal paper market
are Appvion, Inc. (U.S.), Oji Paper (Thailand)
Ltd. (Thailand), Koehler Paper Group (Germany),
Ricoh Company Ltd (Japan), Jujo Thermal Ltd.
(Finland), Mitsubishi Paper Mills Ltd. (Japan),
Hansol Paper Co., Ltd (South Korea), and Nakagawa
Manufacturing , Inc. (U.S.).
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