The Global Thermal Paper Market size is expected to reach $5.5 billion by 2025, rising at a market growth of 8.2% CAGR during the forecast period. Thermal paper is a special type of paper produced with special coating that enables to print without ink. A clear image is created on the paper with no need for ribbons or inks when heat is applied to the coating. Normally the coating turns black on the heating, which transfers the image to the paper in turn. Thermal paper is the key component of thermal paper printing, which due to its low energy consumption and low maintenance costs, is considered one of the most economical printing technologies.
Global Thermal Paper Market Size
Positive application outlook across industries such as packaging, printing and logistics would generate lucrative opportunities for market participants to increase their sales. Transactional documents include graphics and logos for service records, financial documents, contract documents, and product order forms, history of customer orders, accident reports, and price quotes. Even in unfavorable environmental and rough handling situations, transactional documents need to be durable, legible and have a professional appearance. Due to the rapid adoption of top-coated thermal papers, the images created remain readable under proper storage conditions even throughout 20 to 25 years.
Based on Technology, the market is segmented into Direct Thermal, Thermal Transfer and Others. Based on Application, the market is segmented into Point-of-Sales, Tags & Labels, Gaming & Lottery and Others. A higher importance of labeling is driving the market in industries such as pharmaceutical and food and beverage to provide detailed information without adulteration. In addition, growing use of RFID tags in the medical and healthcare industry is driving thermal paper demand. POS terminals are extensively used in transactions in hospital, retail, warehouse, and entertainment industries due to improved paper durability compared to others. Therefore, the growth of the POS terminal industry is expected to drive thermal paper market. The demand is also being fueled by the launch of advanced POS with reliability and durability. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
Global Thermal Paper Market Share
Free Valuable Insights: Global Thermal Paper Market to reach a market size of $5.5 billion by 2025
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ricoh Company Limited, Oji Holdings Corporation (Mitsui Group), Appvion, Inc., Mitsubishi Paper Mills Ltd., Gold Huasheng Paper Co., Ltd., Henan Province JiangHe Paper Co., Ltd., Thermal Solutions International, Inc., Nippon Paper Industries Co., Ltd. (Jujo Thermal Ltd.), Rotolificio Bergamasco S.r.l. and Koehler Paper SE.
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Companies Profiled
According to a new report published by KBV Research, The Thermal Paper market is projected to reach USD 5.5 billion by 2025.
The major factors that are anticipated to drive the Thermal Paper industry include accuracy and quality, increased print speed, low maintenance costs, and durable and saves time.
The segment of POS terminals recorded a dominant market share in 2018.
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