Thermal papers are used in thermal printers and are formulated with a coating that changes its color when exposed to heat. The product is used extensively in lightweight devices, such as credit card terminals, cash registers, etc. According to this observation offered by Market Research Future (MRFR), the global thermal paper market is set to project a steady growth at 4.86% CAGR across the prognosis period.
The support extended to the growth of cashless transactions worldwide is anticipated to drive the expansion of the thermal paper market in the years to come. Increasing use of POS is likely to boost the demand for the product over the next couple of years. The innovation of next-gen thermal printers is also expected to catapult the thermal paper market on upward trajectory. Some of the advantages that are poised to lead the proliferation of the market are noise reduction, mobility, high graphics capability, etc. However, the presence of BPA in some thermal papers contaminates the recycled paper. It is anticipated to impede the growth of the market in the coming years.
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Ricoh (Japan), Appvion Operations, Inc. (the US), Oji Holdings Corporation (Japan), KOEHLER GROUP (Germany), Hansol (South Korea), MITSUBISHI PAPER MILLS LIMITED (Japan), NAKAGAWA Manufacturing (USA), Inc. (US), Gold Huasheng Paper (Suzhou Industrial Park) CO., Ltd Inc. (China), Jujo Thermal Ltd. (Finland), and Rotolificio Bergamasco SRL (Italy) are some of the prominent players of the global thermal paper market. These players are focused on the expansion of their global footprints. It is anticipated to accelerate competition among the market players. In addition, some of the growth strategies projected to be employed by these players in the foreseeable future are – merger & acquisitions, product launches, portfolio developments, collaborations, strategic alliances, etc.
In August 2019, a Chinese electronics company, Xiaomi, has announced the launch of a pocket thermal printer, Memobird G4, on the Youpin platform.
In May 2019, a premier provider of mobile and desktop printers, Brother Mobile Solutions, Inc. (BMC), has announced the launch of its latest TD 4 Desktop Thermal Printer Series. The product is designed functionality that is ‘supply-chain-ready.’
The technology-based segmentation of the Thermal Paper Market includes thermal transfer, direct thermal, and others. Among these, the direct thermal segment has been leading the dominant position of the market owing to its advantages such as mobility, high graphics capacity, etc.
On the basis of application, the thermal paper market has been segmented into POS, labels & tags, lottery & gaming, and others. The POS segment is anticipated to drive the growth of the market over the next couple of years. The rising demand for the product across hypermarkets and supermarkets is poised to impact the growth of the segment favorably.
This analysis covers a detailed segmental assessment of the global thermal paper market on the basis of region. The regional segments covered in the analysis are – North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). These segments are then further analyzed on the basis of countries. North America is one of the leading regional segments. Increasing use of thermal paper for POS application in the region is anticipated to drive the growth of the market. Also, the region benefits from the presence of key manufacturers of the global thermal paper market. It is expected to support the growth trajectory of the regional market in the forthcoming years. Europe is the second-leading region in the global market place. It is anticipated to maintain its prominent position through the forecast period on account of the rising sales in the retail industry.
Key Questions Addressed by the Report
- What was the historic market size (2017 and 2018)?
- Which segmentation (Technology/Application) is driving market growth?
- What will be the growth rate from 2019 to 2025?
- Who are the key players in this market?
- What are the strategies adopted by key players?
Table of Contents
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
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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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