Growth Of Thermal Paper Market Attributed To Packaging Sector Expansion | USD 4,391.0 Mn Market Value To be Reached By the end of 2023

Global Thermal Paper Market Information Report, By Technology (Direct Thermal, Thermal Transfer, and Others), By Application (POS, Lottery & Gaming, Labels & Tags, and Others) and By Region - Global Forecast To 2023

Market Highlights:

Thermal Paper is manufactured with specialty coating which enables inkless printing. This coating blackens when exposed to heat, and in turn transfers the image on the paper. The thermal paper has applications across gaming, lottery, retail, e-commerce, packaging & labelling, and others. The market is driven by various factors such as increased importance of labels and barcodes in the packaging of consumer goods. Additionally, growth in packaged food industries, also fuels the growth of the market. The rise in population in many countries, has led to an increase in food & beverage consumption, which ultimately increases the demand of packaging products. Also, the increase in consumer income in countries such as China, India, and Brazil, have led to the growth in demand for good-quality packaged food. However, fluctuating supply and prices of raw materials, may hamper the growth of the market.

Hence, global thermal paper market is expected to reach a market size of USD 4,391.0 million by the end of the forecast period at CAGR of 4.66%.

Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/880

Key Players

The key players of global thermal paper market are –

• Appvion Inc. (U.S.)
• Oji Paper (Thailand) Ltd. (Thailand)
• Koehler Paper Group (Germany)
• Ricoh Company Ltd (Japan)
• Jujo Thermal Ltd. (Finland)
• Mitsubishi Paper Mills Ltd. (Japan)
• Hansol Paper Co. Ltd (South Korea)
• Nakagawa Manufacturing Inc. (U.S.)

Thermal Paper Market : Segmentation & Regional Analysis

On the basis of region, North America accounted for the largest market share of 37.27% in 2016, with a market value of USD 1,197.4 Million. The region has witnessed increased demand of thermal paper, from POS application, mainly due to the high internet penetration in countries such as U.S. and Canada. The POS applications demand thermal paper for receipts, acknowledgements, and bills. The U.S. is the major market in North America. The country houses one of the biggest international retail chains such as Walmart and Amazon. This makes it an important market for thermal paper. Europe was the second-largest market in 2016, valued at USD 883.8 Million in 2016. The region accounts for increasing sales of retail industry, from both brick and mortar and online stores. The retail industry is seen pacing significantly, especially in the countries of Netherlands, U.K., and Germany. Hence, Europe is projected to grow at a CAGR of 4.38%.

Asia Pacific region is expected to grow at the highest CAGR of 5.12% during the forecast period. The region is regarded as one of the fastest growing regions, in terms of sales from both retail and online stores. With increasing disposable income and changing consumer preferences, there has been an inclination towards purchasing from online platforms, especially the international ones such as Amazon. China is the major market in Asia Pacific region, owing to the increasing population and increasing demand for consumer goods.

Based on technology, the market has been segmented as direct thermal, thermal transfer, and others. The direct thermal segment accounted for the largest market share of 49.37% in 2016, with a market value of USD 1,586.1 Million. In direct thermal technology, no ribbon is used in printing. It creates the image directly on the printed material. Direct thermal printing uses chemically treated, heat-sensitive media that turns black when it passes under the thermal print head. Thermal transfer technology is projected to grow at the highest CAGR of 4.43%. Thermal transfer printing uses a heated ribbon to produce durable, long-lasting images on a wide variety of materials. Thermal transfer printers can create highly durable wristbands, asset tags, and certification labels, in addition to common labels, tags, and tickets.

On the basis of application, the market has been segmented as, POS, lottery & gaming, labels & tags, and others. POS accounted for the largest market share of 58.90% in 2016. POS (Point of Sale) application includes receipts and tags at the retails stores, online purchases, and ATMs. The paper is generally compatible with most transaction-style printers and cash registers, and multiple rolls come in a pack. POS paper ensures customers get a clear, legible, smudge-free receipt each time. The thermal paper for receipts come in various dimensions to suit the end-use. The segment is expected to grow at 4.93% CAGR during the forecast period. Lottery & Gaming was the second-largest market that was valued at USD 421.5 Million in 2016. Labels & tags is also another major application. Thermal papers are used extensively for barcodes and tags and similar applications. Such labels and barcodes come handy across the supply chain of FMCG goods, for theft and security reasons.

Access Full Report @ https://www.marketresearchfuture.com/reports/thermal-paper-market-880

Scope of the Report:

This study provides an overview of the global thermal paper market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and ROW. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global thermal paper market by its technology, application, and region.

Global Thermal Paper Market, By Technology
• Direct Thermal
• Thermal Transfer
• Others

Global Thermal Paper Market, By Application
• POS
• Lottery & Gaming
• Labels & Tags
• Others

The report for Global Thermal Paper market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Brief Toc:

1. Executive Summary
2. Research Methodology
3. Market Dynamics
4. Global Market, By Packaging Type
5. Global Market, By Technology
6. Global Market, By Application
7. Global Market, By End-user
8. Regional Market Analysis
9. Competitive Analysis
10. Conclusion
11. List Of Tables
12. List Of Figures

Ask for your specific company profile and country level customization on reports.

About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for , regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Market Research Future
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com