Thermal Paper Market: A Sizzling Sector Segmented for Growth
The thermal paper market was valued at USD 4,517.75 million in 2022 and is expected to reach USD 8,264.53 million in 2030, with a CAGR of 6.90% during the forecast period 2023-2030.
Rock Jhon
A recent report published by Infinium Global Research on the thermal paper market provides an in-depth analysis of segments and sub-segments in the global as well as regional thermal paper market.
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Thermal paper is a unique type of paper used for printing. Unlike regular paper which relies on ink cartridges, thermal paper uses heat to create images. This paper is coated with a special layer of heat-sensitive chemicals. When exposed to high temperatures from a thermal printer head, these chemicals react and change color, typically to black. You can even see this effect yourself - the friction from scratching the paper with your fingernail can generate enough heat to cause a mark!
Thermal printing is incredibly fast, taking just milliseconds. This makes it ideal for applications where speed is important, such as:
- Labeling and package printing in production lines
- Receipt printing for customers at stores and restaurants
Market Size and Growth:
- The thermal paper market was valued at a substantial USD 4,517.75 million in 2022.
- This figure is projected to reach an impressive USD 8,264.53 million by 2030, reflecting a healthy Compound Annual Growth Rate (CAGR) of 6.90% from 2023 to 2030.
Regional Dominance:
The Asia Pacific region currently holds the leading position in the thermal paper market. This dominance is expected to continue throughout the forecast period.
Report Depth:
For more insights on this report speak to our Analyst @ https://www.infiniumglobalresearch.com/market-reports/global-thermal-paper-market
Factors Driving Growth:
- The report identifies several key drivers propelling the thermal paper market forward:
- The booming retail industry is generating a surge in sales transactions, requiring more thermal paper for receipts and labels.
- The e-commerce explosion is further fueling market growth, as thermal paper remains essential for various aspects of online fulfillment.
Market Segmentation:
For a granular understanding, the report segments the market by:
Type: This categorizes different thermal paper variations based on their properties.
Application: This segment explores the diverse uses of thermal paper across various industries.
Geographic Scope:
On the basis of application, the sub-markets include point of sale, tags & labelling, entertainment & transit, ticketing, and lottery & gaming.
The report provides a comprehensive analysis of the thermal paper market across key regions, including:
North America
Europe
Asia Pacific
Rest of the World (RoW)
Market key players
The report provides profiles of the companies in the market such as Beam Suntory, Inc., Oji Holdings Corporation, Koehler Paper, Appvion, Ricoh, MITSUBISHI PAPER MILLS LIMITED., HANSOL, Jujo Thermal Ltd., NAKAGAWA Manufacturing (USA), Inc., and Others.
