Thermal Paper Market SIze, Share Expands Rapidly, Emerging Trends and Innovations Driving Growth, Forecast, 2031
PORTLAND, OR, UNITED STATES, September 12, 2024 /EINPresswire.com/ -- According to a new research report published by Allied Market Research, titled, “The thermal paper market size was valued at $3.4 billion in 2021 and is expected to reach $5.7 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.
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Increasing demand for thermal papers at the point of sale is primarily driving the demand for the thermal paper market. In addition, Improved government policies and increased domestic consumption of pharmaceutical, food & beverage products in the South Asian region are predicted to create a favorable business environment for thermal paper market growth. However, fluctuating prices of raw materials and the growth of paperless transactions are hindering the thermal paper market growth. Increasing demand from the printing and packaging industry will provide a lucrative opportunity for the thermal paper market.
On the other hand, the use of BPA in the thermal paper has a harmful effect on human health, which may hinder the growth of the market for thermal paper rolls in the near future. As a result, numerous businesses are implementing digital receipt software applications that are compatible with their existing POS systems, and they only print customer receipts upon request to reduce their thermal paper consumption. The introduction of breakthroughs in thermal transfer technology and other industries presents significant opportunities for expansion for the thermal paper business. In addition, a recent estimate from the U.S. Census Bureau indicates that supermarket and grocery store sales in 2019 exceeded $ 650 billion, which is more than three times the amount recorded a decade earlier. Such reports are viewed as the primary growth potential for the thermal paper sector as a whole.
The thermal paper market is segmented on the basis of printing technology, application and region. On the basis of printing technology, the market is categorized into direct thermal, thermal transfer and others. On the basis of application, the market is categorized into point of sale (POS), tags & labels, lottery & gaming, ticketing, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
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Major players operating in the global thermal paper market:
1. Appvion
2. Domtar Corporation
3. Hansol Paper Co. Ltd.
4. Henan Province JiangHe Paper Co. Ltd.
5. Jujo Thermal Ltd
6. Kanzaki Specialty Papers Inc
7. Koehler Paper
8. Lecta, Mitsubishi Paper Mills Limited
9. Nakagawa Manufacturing (USA), Inc
10. Oji Holdings Corporation
11. Panda Paper Roll
12. Rotolificio Bergamasco Srl
13. Thermal Solutions International Inc.
15. Twin Rivers Paper Company.
Other players operating in the thermal paper market are Avery Dennison, Ricoh Company, Ltd., and Siam Paper.
By Application
Point of Sale
Tags and Label
Lottery and Gaming
Ticketing
Others
icon_6
By Printing Technology
Direct Thermal
Thermal Transfer
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Others.
Get PDF Brochure Now: https://www.alliedmarketresearch.com/request-sample/A17422
Increasing demand for thermal papers at the point of sale is primarily driving the demand for the thermal paper market. In addition, Improved government policies and increased domestic consumption of pharmaceutical, food & beverage products in the South Asian region are predicted to create a favorable business environment for thermal paper market growth. However, fluctuating prices of raw materials and the growth of paperless transactions are hindering the thermal paper market growth. Increasing demand from the printing and packaging industry will provide a lucrative opportunity for the thermal paper market.
On the other hand, the use of BPA in the thermal paper has a harmful effect on human health, which may hinder the growth of the market for thermal paper rolls in the near future. As a result, numerous businesses are implementing digital receipt software applications that are compatible with their existing POS systems, and they only print customer receipts upon request to reduce their thermal paper consumption. The introduction of breakthroughs in thermal transfer technology and other industries presents significant opportunities for expansion for the thermal paper business. In addition, a recent estimate from the U.S. Census Bureau indicates that supermarket and grocery store sales in 2019 exceeded $ 650 billion, which is more than three times the amount recorded a decade earlier. Such reports are viewed as the primary growth potential for the thermal paper sector as a whole.
The thermal paper market is segmented on the basis of printing technology, application and region. On the basis of printing technology, the market is categorized into direct thermal, thermal transfer and others. On the basis of application, the market is categorized into point of sale (POS), tags & labels, lottery & gaming, ticketing, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Inquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A17422
Major players operating in the global thermal paper market:
1. Appvion
2. Domtar Corporation
3. Hansol Paper Co. Ltd.
4. Henan Province JiangHe Paper Co. Ltd.
5. Jujo Thermal Ltd
6. Kanzaki Specialty Papers Inc
7. Koehler Paper
8. Lecta, Mitsubishi Paper Mills Limited
9. Nakagawa Manufacturing (USA), Inc
10. Oji Holdings Corporation
11. Panda Paper Roll
12. Rotolificio Bergamasco Srl
13. Thermal Solutions International Inc.
15. Twin Rivers Paper Company.
Other players operating in the thermal paper market are Avery Dennison, Ricoh Company, Ltd., and Siam Paper.
By Application
Point of Sale
Tags and Label
Lottery and Gaming
Ticketing
Others
icon_6
By Printing Technology
Direct Thermal
Thermal Transfer
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Others.
David Correa
Allied Market Research
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