“Thermal Paper Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on thermal paper market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for thermal paper? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The thermal paper market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Top Coated; Non-Top Coated
- 2) By Technology: Direct Thermal; Thermal Transfer; Other Technologies
- 3) By Thickness: 60-80 Microns; 80-90 Microns
- 4) By Application: POS Receipts; Lottery and Gaming Tickets; Labels and Tags; Other Apllications
- 5) By End User: Retail Industry; Healthcare; Packaging and Labelling; Printing and Publishing; Entertainment and Transit; Other End Users
- Companies Mentioned: Ricoh Company Limited; Oji Holdings Corporation; Appvion Incorporated; Jujo Thermal Limited; Lecta Group
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the thermal paper market are: Ricoh Company Limited, Oji Holdings Corporation, Appvion Incorporated, Jujo Thermal Limited, Lecta Group, Koehler Paper Group, Mitsubishi HiTec Paper Europe GmbH, Hansol Europe BV, Gold HuaSheng Paper Company Limited, Hansol Paper Company Limited, MPM Limited, Papierfabrik Wattens GmbH & Co KG, Henan Province JiangHe Paper Company Limited, Thermal Solutions International Inc., Rotolificio Bergamasco Srl, NAKAGAWA Manufacturing Inc., and Twin Rivers Paper Company.
The global thermal paper market is expected to grow from $4.03 billion in 2022 to $4.37 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The thermal paper market is expected to grow to $5.92 billion in 2027 at a CAGR of 7.9%.
The thermal paper market consists of sales of conventional thermal paper, and synthetic-base thermal papers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The thermal paper refer to one of the most cost-effective printing processes due to its low energy usage and minimal maintenance costs. Thermal paper is a particular type of paper that has a specific coating that allows for inkless printing. Thermal paper is a crucial component of thermal paper printing. It is used in thermal printers, or lightweight devices such as adding machines, cash registers, and credit card terminals.
Asia-Pacific was the largest region in the thermal paper market in 2022. The regions covered in the thermal paper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of thermal paper are top coated and non-top coated. The top coated thermal paper refers to the direct thermal labels with a protective coating. The various technologies include direct thermal, thermal transfer, and other technologies that have thickness of 60-80 microns and 80-90 microns and used for POS receipts, lottery and gaming tickets, labels and tags, and other applications for retail, healthcare, packaging, and labeling, printing and publishing, entertainment and transit, and other end-users.
The demand for sustainable labeling practices is driving the growth of the thermal paper market. Sustainable direct thermal solutions are in high demand in the e-commerce and logistics industries. The industry is projected to move toward more renewing methods with recycled direct thermal papers as demand for sustainable labeling standards grows. For instance, in February 2022, according to FATitudes survey conducted in 2021, among approximately 6,000 primary grocery shoppers in 11 countries by Cargill Incorporated, a US-based food corporation, in 2021, more than half (55%) of customers worldwide are more likely to buy a packaged food item that is labeled with a sustainability label promise. 37 percent of the 550 Americans who took part in the survey claimed that a sustainability claim will affect their purchasing decisions, which is a six-point rise from 2019. Therefore, the demand for sustainable labeling practices is expected to propel the growth of the thermal paper market over the coming years.
Technological advancement is a key trend gaining popularity in the thermal paper market. Major companies operating in thermal paper market are focused on developing technologically advanced products to sustain their market position. For instance, in August 2022, VFP Ink Technologies, a Germany-based company engaged in developing and manufacturing high-tech industrial inks and varnishes launched 1470579 blue clean 70 g/m2, a new chemical-free thermal paper. The product is suited as a food-contact adhesive material. The new material can be printed on commonly used direct thermal printers and is developer-free. It features a four-layer structure made up of plain paper, a layer of black pigment, an opaque functional layer that gives the paper its blue coloration, and a layer of protection against mechanical harm. The opaque layer turns translucent when heated, revealing the black layer behind, and this is how the printed picture is physically produced.
In April 2020, Domtar Corporation a US-based company engaged in wood fiber-based paper and pulp manufacturing acquired the POS paper business from Appvion Operations Inc for an undisclosed amount. With this acquisition, Domtar integrated POS paper portfolio and will offer new opportunities for future growth. Appvion Operations Inc is a US-based company offering thermal, carbonless, security, digital, and colored paper products.
The countries covered in the thermal paper market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The thermal paper market research report is one of a series of new reports from The Business Research Company that provides thermal paper market statistics, including thermal paper industry global market size, regional shares, competitors with a thermal paper market share, detailed thermal paper market segments, market trends and opportunities, and any further data you may need to thrive in the thermal paper industry. This thermal paper market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Thermal Paper Market Characteristics
3. Thermal Paper Market Trends And Strategies
4. Thermal Paper Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Thermal Paper Market
- 4.2. Ukraine-Russia War Impact On Thermal Paper Market
- 4.3. Impact Of High Inflation On Thermal Paper Market
5. Thermal Paper Market Size And Growth
- 5.1. Global Thermal Paper Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Thermal Paper Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Thermal Paper Market Segmentation
- 6.1. Global Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Top Coated
- Non-Top Coated
- 6.2. Global Thermal Paper Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Direct Thermal
- Thermal Transfer
- Other Technologies
- 6.3. Global Thermal Paper Market, Segmentation By Thickness, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 60-80 Microns
- 80-90 Microns
- 6.4. Global Thermal Paper Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- POS (Point Of Sale) Receipts
- Lottery And Gaming Tickets
- Labels And Tags
- Other Apllications
- 6.5. Global Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Retail
- Healthcare
- Packaging And Labelling
- Printing And Publishing
- Entertainment And Transit
- Other End Users
7. Thermal Paper Market Regional And Country Analysis
- 7.1. Global Thermal Paper Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Thermal Paper Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Thermal Paper Market
- 8.1. Asia-Pacific Thermal Paper Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Thermal Paper Market
- 9.1. China Thermal Paper Market Overview
- 9.2. China Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Thermal Paper Market
- 10.1. India Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Thermal Paper Market
- 11.1. Japan Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Thermal Paper Market
- 12.1. Australia Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Thermal Paper Market
- 13.1. Indonesia Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Thermal Paper Market
- 14.1. South Korea Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Thermal Paper Market
- 15.1. Western Europe Thermal Paper Market Overview
- 15.2. Western Europe Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Thermal Paper Market
- 16.1. UK Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Thermal Paper Market
- 17.1. Germany Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Thermal Paper Market
- 18.1. France Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Thermal Paper Market
- 19.1. Eastern Europe Thermal Paper Market Overview
- 19.2. Eastern Europe Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Thermal Paper Market
- 20.1. Russia Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Thermal Paper Market
- 21.1. North America Thermal Paper Market Overview
- 21.2. North America Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Thermal Paper Market
- 22.1. USA Thermal Paper Market Overview
- 22.2. USA Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Thermal Paper Market
- 23.1. South America Thermal Paper Market Overview
- 23.2. South America Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Thermal Paper Market
- 24.1. Brazil Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Thermal Paper Market
- 25.1. Middle East Thermal Paper Market Overview
- 25.2. Middle East Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Thermal Paper Market
- 26.1. Africa Thermal Paper Market Overview
- 26.2. Africa Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Thermal Paper Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Thermal Paper Market Competitive Landscape And Company Profiles
- 27.1. Thermal Paper Market Competitive Landscape
- 27.2. Thermal Paper Market Company Profiles
- 27.2.1. Ricoh Company Limited
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Oji Holdings Corporation
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Appvion Incorporated
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Jujo Thermal Limited
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Lecta Group
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Thermal Paper Market
29. Thermal Paper Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer