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Press Release:

Global Thermal Paper Market to Reach US$ 5.3 Billion by 2027, Bolstered by Increasing Product Utilization in Various Industries

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Thermal Paper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global thermal paper market reached a value of US$ 3.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.3 Billion by 2027, exhibiting a CAGR of 6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Thermal paper, also known as audit roll, is a recording media widely used to display information. It is coated with a mixture of dyes and chemicals that can change color when exposed to heat, unlike regular paper, which requires a ribbon or toner. It is widely used in lightweight devices, such as fax, casino, point-of-sale (POS) systems, cash registers, credit card terminals, kiosks, pay-at-the-pump, and mobile printers. These devices find application in retail, gaming, food and beverage (F&B), tourism and hospitality, and banking, financial services and insurance (BFSI) sectors worldwide.

 

 
 

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Due to its convenience and high reliability, thermal paper finds extensive usage in grocery stores, shopping malls, gas stations, catering, gaming houses, lottery systems, coffee shops, and bakery stores for printing labels, tickets, and receipts. This, along with the expanding retail sector, represents one of the critical factors fueling the demand for thermal paper to carry out POS transactions. Moreover, the increasing sales of passenger vehicles are positively influencing the utilization of portable POS machines to issue parking tickets. Additionally, the widespread adoption of mobile POS terminals in public utility spaces, along with the growing shift towards digital payment methods at offline stores, is strengthening the market growth. Apart from this, the rising need for detailed descriptions of ingredients in food and beverage products on account of stringent labeling regulations is also contributing to the market growth. Furthermore, the escalating adoption of Radio-Frequency Identification (RFID) tags is anticipated to drive the demand for thermal papers in the healthcare and pharmaceutical industries for maintaining charts and other medical items.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global thermal paper market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology and application.

Breakup by Technology:

 

 
 

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  • Direct Thermal
  • Thermal Transfer
     

Breakup by Application:

  • Point of Sale (PoS)
  • Lottery and Gaming
  • Tags and Labels
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Appvion Operations Inc, Gold Huasheng Paper Co. Ltd., Hansol Paper Ltd., Henan JiangHE Paper CO. LTD, Jujo Thermal Ltd. (Nippon Paper Industries Co. Ltd), Koehler Group, Lecta Group, Mitsubishi Paper Mills Limited, Nakagawa Manufacturing Inc., Oji Holdings Corporation, Ricoh Company Ltd. and Thermal Solutions International Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Technology, Application, Region
Region Covered North America, Asia Pacific, Europe, Latin America, Middle East and Africa
Countries Covered United States, Canada, China, Japan, India, South Korea, Australia, Indonesia, Germany, France, United Kingdom, Italy, Spain, Russia, Brazil, Mexico
Companies Covered Appvion Operations Inc, Gold Huasheng Paper Co. Ltd., Hansol Paper Ltd., Henan JiangHE Paper CO. LTD, Jujo Thermal Ltd. (Nippon Paper Industries Co. Ltd), Koehler Group, Lecta Group, Mitsubishi Paper Mills Limited, Nakagawa Manufacturing Inc., Oji Holdings Corporation, Ricoh Company Ltd. and Thermal Solutions International Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Thermal Paper Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Technology
    6.1    Direct Thermal
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Thermal Transfer
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Application
    7.1    Point of Sale (PoS)
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Lottery and Gaming
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Tags and Labels
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9   SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10  Value Chain Analysis
11  Porters Five Forces Analysis
    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12  Price Analysis
13  Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Appvion Operations Inc
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
        13.3.2    Gold Huasheng Paper Co. Ltd.
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
        13.3.3    Hansol Paper Ltd.
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 Financials
        13.3.4    Henan JiangHE Paper CO. LTD
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
        13.3.5    Jujo Thermal Ltd. (Nippon Paper Industries Co. Ltd)
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6    Koehler Group
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
        13.3.7    Lecta Group
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
        13.3.8    Mitsubishi Paper Mills Limited
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
           13.3.8.3 Financials
           13.3.8.4 SWOT Analysis
        13.3.9    Nakagawa Manufacturing Inc.
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
        13.3.10    Oji Holdings Corporation
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
           13.3.10.3 Financials
        13.3.11    Ricoh Company Ltd.
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio
           13.3.11.3 Financials
           13.3.11.4 SWOT Analysis
        13.3.12    Thermal Solutions International Inc.
           13.3.12.1 Company Overview
           13.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Thermal Paper Market: Major Drivers and Challenges
Figure 2: Global: Thermal Paper Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Thermal Paper Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Thermal Paper Market: Breakup by Technology (in %), 2021
Figure 5: Global: Thermal Paper Market: Breakup by Application (in %), 2021
Figure 6: Global: Thermal Paper Market: Breakup by Region (in %), 2021
Figure 7: Global: Thermal Paper (Direct Thermal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Thermal Paper (Direct Thermal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Thermal Paper (Thermal Transfer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Thermal Paper (Thermal Transfer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Thermal Paper (Point of Sale (PoS)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Thermal Paper (Point of Sale (PoS)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Thermal Paper (Lottery and Gaming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Thermal Paper (Lottery and Gaming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Thermal Paper (Tags and Labels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Thermal Paper (Tags and Labels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Thermal Paper (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Thermal Paper (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: North America: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: North America: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: United States: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: United States: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Canada: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Canada: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Asia-Pacific: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Asia-Pacific: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: China: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: China: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Japan: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Japan: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: India: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: India: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: South Korea: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: South Korea: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Australia: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Australia: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Indonesia: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Indonesia: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Others: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Others: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Europe: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Europe: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Germany: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Germany: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: France: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: France: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: United Kingdom: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: United Kingdom: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Italy: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Italy: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Spain: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Spain: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Russia: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Russia: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Latin America: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Latin America: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Brazil: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Brazil: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Mexico: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Mexico: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Middle East and Africa: Thermal Paper Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Middle East and Africa: Thermal Paper Market: Breakup by Country (in %), 2021
Figure 67: Middle East and Africa: Thermal Paper Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Global: Thermal Paper Industry: SWOT Analysis
Figure 69: Global: Thermal Paper Industry: Value Chain Analysis
Figure 70: Global: Thermal Paper Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Thermal Paper Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Thermal Paper Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: Global: Thermal Paper Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Thermal Paper Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Thermal Paper Market: Competitive Structure
Table 6: Global: Thermal Paper Market: Key Players


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Key Questions Answered in This Report

The global thermal paper market was valued at US$ 3.9 Billion in 2021.

We expect the global thermal paper market to exhibit a CAGR of 6% during 2022-2027.

The rising application of thermal paper across several retail and distribution channels for printing labels, tickets, receipts, etc., is primarily driving the global thermal paper market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations, resulting in the temporary closure of numerous end-
use industries of thermal paper.

Based on the technology, the global thermal paper market has been segmented into direct thermal
and thermal transfer. Currently, direct thermal represents the largest market share.

Based on the application, the global thermal paper market can be bifurcated into Point of Sale (POS),
lottery and gaming, tags and labels, and others. Among these, Point of Sale (POS) accounts for the
majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.

Some of the major players in the global thermal paper market include Appvion Operations Inc, Gold
Huasheng Paper Co. Ltd., Hansol Paper Ltd., Henan JiangHE Paper CO. LTD, Jujo Thermal Ltd. (Nippon
Paper Industries Co. Ltd), Koehler Group, Lecta Group, Mitsubishi Paper Mills Limited, Nakagawa
Manufacturing Inc., Oji Holdings Corporation, Ricoh Company Ltd., and Thermal Solutions
International Inc.

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