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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
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