According to a report, “Thermal Paper Market Analysis By Technology (Direct Thermal, Thermal Transfer), By Application (POS, Lottery & Gaming, Tags & Label), By Region (North America, Europe, Asia Pacific, Central & South America), And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., The global thermal paper market is expected to reach USD 5.52 billion by 2025, The growing importance of POS, a primary tool of monetary transaction, in retail outlets, supermarkets, and warehouses as a result of technological advancement by CISCO is expected to drive market growth. The emergence of supply chain management in the manufacturing sector as a key planning parameter for monitoring operational flow from raw material suppliers to buyers is expected to increase spending on labeling.
Key Takeaways from the report:
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MEA is projected to foresee revenue growth at a CAGR of 7.8% from 2016 to 2025. Population growth and rising disposable income in Saudi Arabia and UAE is expected to play a significant role in increasing the number of new supermarkets and consumer goods retail outlets. As a result, the above-mentioned favorable factors are projected to increase the demand for POS which, in turn, will have a significant impact.
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Thermal transfer technology generated a revenue of USD 1.11 billion in 2015. Manufacturers use the technology for manufacturing labels, tags, and tickets to provide multi-color images in the paper.
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Europe accounted for 28% of the global volume in 2015. The emergence of Europe as manufacturing hub for the production of dietary supplements and nutritional products in light of rising expenditure by prebiotics manufacturers such as Beneo (Belgium) and FrieslandCampina Domo (Netherlands) is expected to promote the use of labels and tags.
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Major manufacturers include Appvion, Oji Holdings Corporation, Ricoh Company, Ltd., Koehler Paper, PM Company, Siam Paper, Jujo, Mitsubishi Paper Mills (MPM) Limited, and Nakagawa.
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In April 2015, Jujo Thermal announced an investment of USD 7.7 million for enhancing the productivity and incorporating technology at its Kauttua Mill, Finland.
Germany thermal paper market, by technology, 2014 – 2025 (Kilo Tons)
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Global thermal paper market volume, by application, 2015 (%)
The emergence of supply chain management in the manufacturing sector as a key planning parameter for monitoring operational flow from raw material suppliers to buyers is expected to increase spending on labeling. This factor in turn, will promote the usage of thermal paper over the forecast period.
Lottery & gaming is projected to foresee volume growth at a CAGR of 5.2% from 2016 to 2025.
Grand View Research has segmented the global thermal paper market on the basis of technology, application, and region:
Technology Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
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Direct Thermal
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Thermal Transfer
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Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
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POS
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Lottery & Gaming
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Tags & Label
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Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
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North America
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U.S.
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Europe
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Germany
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Asia Pacific
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China
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Japan
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Central & South America
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Brazil
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MEA
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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