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The global thermal paper market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. 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 on different end use industries. 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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global thermal paper market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, technology and application.
Breakup by Technology:
Breakup by Application:
Breakup by Region:
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.
According to the estimates by IMARC Group, the global thermal paper market is expected to witness a CAGR of 5% during 2021-2026.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries of thermal paper.
The rising application of thermal paper across several retail and distribution channels for printing labels, tickets, receipts, etc., represents one of the key drivers for the global thermal paper market.
The expanding utilization of Radio-Frequency Identification (RFID) tags in the healthcare and pharmaceutical sectors for maintaining charts and other medical items represents one of the key trends in the global thermal paper market.
On the basis of the technology, the market has been bifurcated into direct thermal and thermal transfer. Currently, direct thermal holds the majority of the total market share.
On the basis of the application, the market has been divided into point of sale (POS), lottery and gaming, tags and labels and others. Among these, point of sale (POS) represents the largest segment.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global thermal paper market are 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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