Thermal Paper Market Size, Revenue Growth Trends, Company Strategy Analysis, 2021–2027

 


The global Thermal Paper market is forecast to reach USD 6.00 Billion by 2027, according to a new report by Reports and Data. The market is seeing an expanded interest from the billing operations, owing to its characteristic of faster and efficient printing. However, the rising prevalence of stringent regulations from the Occupational Safety and Health Administration (OSHA), which aims to limit Bisphenol-A (BPA) levels, as thermal paper base contains at least one coating of the highly toxic chemicals, may hamper the demand of Thermal Paper in the market.

Rapid urbanization has changed the way of life of individuals and, thus, has expanded the pervasiveness of the point of sale (POS) and billing operations over a broad aspect; therefore, augmenting the demand for the market product. Furthermore, increasing awareness regarding less utilization of paper for billing applications and rising online transactions for e-commerce applications have increased the use of digital receipts, which will be hindering the growth of the Thermal Paper market.

An extensive non-fading requirement, long shelf life, quality documents during transactional procedures involving insurance receipts, accounting, and public safety, contribute to the adoption of uncoated printing. The thermal paper's mobility enables lightweight, portable POS machines to be used to print tickets and receipts on the spot. Retail and consumer goods industries prefer POS systems, as it offers fast "tap and go" transactions, which makes it easier for shoppers to pay.

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Key Players Profiled in the Report are:

Koehler Paper Group, Oji Holdings Corporation, Mitsubishi Paper Mills (MPM), Ricoh Company Ltd., Siam Paper, Appvion Operations Inc., Nakagawa Manufacturing Inc., Jujo Limited, Hansol Paper, and Nakagawa Manufacturing Inc., among others.

Further key findings from the report suggest

  • Based on paper coating type, Non-Top coated thermal paper generated a revenue of USD 2.54 billion in 2019 and is expected to grow with a CAGR of 4.8% in the forecast period, owing to its superior fundamental characteristics It is utilized in many applications including accounts, operating logs, purchase order types, pricing quotations, contract documentation, incident information, and many others.
  • The POS receipts contributed to the largest market share in 2019. The market in the APAC region for POS receipts is the major shareholder of the Thermal Paper market and is likely to hold around 63.0% of the market the year 2027, as they are used in many sectors such as government facilities, production units, and retail centers for material management.
  • The Asia Pacific region dominated the market for Thermal Paper. The consistent focus on cost-effective and innovative procedures adopted in the area is driving the market. The Asia Pacific region holds approximately 35.0% of the Thermal Paper market, followed by North America, which contains around 28.0% market in the year 2019.

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For the purpose of this report, Reports and Data have segmented into the global Thermal Paper market on the basis of type, technology, application, and region:

Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • Top Coated
  • Non-Top Coated

Technology Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • Direct Thermal
  • Thermal Transfers
  • Others

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • POS Receipts
  • Lottery & Gaming Tickets
  • Labels & Tags
  • Others

The regional analysis covers:

·       North America (U.S., Canada)

·       Europe (U.K., Italy, Germany, France, Rest of EU)

·       Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

·       Latin America (Chile, Brazil, Argentina, Rest of Latin America)

·       Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

To know more about the report, visit @ https://www.reportsanddata.com/report-detail/thermal-paper-market

The Thermal Paper Market Report Offers:

·       Deep insights into the Thermal Paper market landscape

·       Key details about the regional segmentation of the Thermal Paper market

·       Analysis of the crucial market trends with regards to both current and emerging trends

·       Comprehensive impact analysis of COVID-19 pandemic on the Thermal Paper industry

·       Extensive overview of the key manufacturers and prominent players of the industry

·       Comprehensive study of the market segmentation and recent developments

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