Thermal Paper Market Insights:
Market Research Future (MRFR) has revealed in its latest study that the thermal paper market will thrive saliently at 4.66% CAGR. MRFR has also revealed that the market is estimated to reach a valuation of USD 4,391 Mn by the end of 2023. The exponential growth of the retail sector has created opportunities for participants of the thermal paper market.
Thermal paper has many applications in the retail sector such as tags, labels, receipts, etc. which is likely to propel demand over the next couple of years. Additionally, the large-scale penetration of internet is anticipated to drive the thermal paper market proliferation during the assessment period. Other factors responsible for encouraging the market growth include increasing demand for consumer goods, changing consumer preferences, rising disposable income, adoption of Point of Sale (POS), etc.
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Some of the key players profiled by MRFR in its latest report are :
- Oji Paper Ltd. (Thailand)
- Ricoh Company Ltd (Japan)
- Koehler Paper Group (Germany)
- Mitsubishi Paper Mills Ltd. (Japan)
- Hansol Paper Co. Ltd (South Korea)
- Jujo Thermal Ltd. (Finland)
- Nakagawa Manufacturing, Inc. (U.S.)
The strategies devised by the market players for gaining control over the market include research & development, acquisitions & mergers, strategic alliances, product portfolio expansion, etc.
In August 2018, a Japanese multinational company, Canon, launched Zoemini that lets one print photographs directly from one’s phone. The product supports thermal paper only, and it comes with a pack of 10 thermal papers.
In July 2017, Koehler Paper Group, made an investment of USD 0.55 billion towards expanding flexible segment. The investment will increase the capacity of its facility as it is going to a leading technology in the form of a specialty paper machine with Yankee cylinder.
In 2016, Jujo Thermal announced an investment in a new coating machine that will increase the company’s annual production capacity of thermal papers by 30 000 tons.
In 2016, Jujo Thermal company bought the share capital of Ahlstrom Kauttua Oy. The aim was to expand its operations of thermal papers. The acquisition was expected to secure company’s future paper needs, which is expected to grow significantly in the long term.
In 2016, The Oji company entered into an agreement with Marubeni Corporation (Japan) to further expand its capacity in South East Asia.
By technology, the Global Thermal Paper Market is segmented into direct thermal, thermal transfer, and others. The thermal transfer segment is estimated to expand at the highest CAGR of 4.43%. The direct thermal segment commanded the most significant share of the market in 2016 which accounted for 49.37% share.
By application, the thermal paper market has been segmented into POS, lottery & gaming, labels & tags, and others. POS segment accounted for 58.9% share of the market in 2016 and is expected to exhibit 4.93% CAGR during the forecast period.
By region, the thermal paper market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the largest share of the market in 2016 and was valued at USD 1,197.4 Mn. It is likely to maintain its dominant position over the assessment period. Led by the U.S., the major factors favoring the growth of the region are an inclination towards POS application, increasing internet penetration, etc.
Europe was the second largest market for thermal paper in 2016 and was valued at USD 883.8 Mn. The region is anticipated to exhibit growth owing to factors such as the booming retail industry, the presence of developed economies, etc.
Asia Pacific is projected to be a highly lucrative market for thermal paper across the review period. It is estimated to exhibit the highest CAGR of 5.12%. Increasing disposable income coupled with changing consumer preferences has fueled the demand in the e-commerce sector. This, in turn, is likely to favor the thermal paper market growth and expansion.
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Scope Of Report
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 and volume, 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.
Major TOC :
1 Executive Summary
2.2 Scope Of The Study
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
List of Tables
Table 1 Market Synopsis
Table 2 U.s.: Usage of Banking Services, 2015 (%)
Table 3 Global Thermal Paper Market, by Technology, 2015-2023 (Usd Million)
Table 4 Global Thermal Paper Market, by Technology, 2015-2023 (Kt)
Table 5 Global Thermal Paper Market, by Application, 2015-2023 (Usd Million)
Table 6 Global Thermal Paper Market, by Application, 2015-2023 (Kt)
Table 7 Global Thermal Paper Market, by Region, 2015-2023 (Usd Million)
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Global Thermal Paper Market: Drivers, Restraints and Trends
Figure 4 Global Processed Food & Beverages Sales. By Region, 2000 and 2013, (Volume Sales, Kilotons)
Figure 5 Pharmaceutical Spending Per Capita, 2016 (Usd Million)
Figure 6 Global: Atms Per 100,000 Adults, 2010-2015
Figure 7 Global Thermal Paper Market: Drivers Impact Analysis
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About Market Research Future:
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 global, 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.
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