Global Thermal Paper Market 2018-2025:
Key players in the global thermal paper market are consolidating to maintain its competitive edge over the other manufacturers. For instance, in 2017, Appvion Inc., announced plans to consolidate its carbonless paper coating and rewinding operations in Appleton, Wisconsin, USA. This strategy by Appvion is likely to serve the current and future demand for carbonless products and will help improve its position by increasing its manufacturing capacity and logistics operations. Global leaders such as Ricoh Company Ltd, Koehler Paper, and Hansol Paper are under the process of maintaining existing clients and venturing into new markets to increase revenue profits and maintain company growth.
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The global thermal paper market is anticipated to expand over a CAGR of 10.6% over the forecast period from 2018 to 2025. This is majorly due to the increasing use of thermal paper in POS terminals since they provide high-temperature stability, barcode scan ability, and moisture resistance. Specialized fields such as healthcare sectors require high-quality images produced by thermal printing for technical printouts such as electrocardiograms (ECGs), and prescription labels where accuracy is necessary. Therefore, rising usage of POS terminals for billing and high volume printouts in retail, food & beverage, and pharmaceutical sectors is a key factor expected to drive the demand for thermal paper over the forecast period.
Rising awareness about the benefits of POS terminals, owing to the technological advancement such as mobile wallets, online banking demand have secure ways for making transactions. Budding use of thermal paper for transactions among retailers, and recent government initiatives to encourage cashless transactions are some of the other factors driving the thermal paper demand. Surging demand for point of sale (POS) terminals as a substitute to cash registers in the hospitality, warehouse and medical sectors is expected to be a favorable factor for the overall revenue in the years to come.
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North America dominated the global thermal paper market and is expected to maintain its leading position over the next seven years. On the other hand, Asia Pacific is projected to rise rapidly and is projected to witness revenue growth at a CAGR of 11.5% from 2018 to 2025. Rising per capita income, purchasing power of the middle-income population, developing food & beverage, and tourism sectors is driving the need for POS and labelling applications in this region. Also, certain governmental initiatives mandating the labelling of fresh and processed foods is another factor supplementing the global thermal paper market growth.
In 2013, the Consumer Affairs department of Japan mandated the labelling of fresh and processed foods. This strategy by Japanese government is a favorable development towards the use of thermal paper in the end-use sectors.
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Key segments of the global thermal paper market
Technology Overview, 2015 – 2025 (Kilo tons) (USD Million)
Direct thermal
Thermal transfer
Others
Application Overview, 2015 – 2025 (Kilo tons) (USD Million)
Point of Sale (POS)
Lottery and Gaming
Tags and Labels
Others
Region/Country Overview, 2015 – 2025 (Kilo tons) (USD Million)
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Table of Content
1. Research Methodology
Research approach
Scope, definition, and assumptions
Data sources
2. Executive Summary
3. Market Outlook
Introduction
Key trends
Market drivers
Market restraints
Market opportunities
Value chain analysis
Porter’s Five Forces’ analysis
4. Type Overview
Global thermal paper market share, by technology, 2017 & 2025
Direct Thermal
Market size and projections, 2015 – 2025
Thermal Transfer
Market size and projections, 2015 – 2025
5. Application Overview
Global thermal paper market share, by application, 2017 & 2025
POS
Market size and projections, 2015 – 2025
Lottery and Gaming
Market size and projections, 2015 – 2025
Tags & Labels
Market size and projections, 2015 – 2025
Others
Market size and projections, 2015 – 2025
6. Regional OverviewGlobal thermal paper market share, by region, 2017 & 2025North AmericaU.S.
7. Industry Structure
Company market share, 2017
Competitive strategies
8. Company ProfilesOji Holdings Corporation
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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