Market Research Future added New Report Named "Global Thermal Paper Market Research Report- Forecast 2023" to its Database. Global Thermal Paper Market is expected to reach a market size of USD 4,391.0 million by the end of the forecast period (2018-2023) at CAGR of 4.66%.

Pune, India -- (SBWire) -- 05/23/2018 --

Global Thermal Paper Market Information Report, By Technology (Direct Thermal, Thermal Transfer, and Others), By Application (POS, Lottery & Gaming, Labels & Tags, and Others) and By Region - Global Forecast To 2023

Key Players

Oji Paper (Thailand) Ltd. (Thailand), Appvion, Inc. (U.S.), Koehler Paper Group (Germany), Jujo Thermal Ltd. (Finland), Ricoh Company Ltd (Japan), Mitsubishi Paper Mills Ltd. (Japan), Nakagawa Manufacturing , Inc. (US) and Hansol Paper Co., Ltd (South Korea) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Thermal Paper  Global Market.

Worldwide Thermal Paper Market – Competitive Analysis

The competitive market of Thermal Paper appears to be fragmented with the matured & small key players along with the new entrants forming a competitive landscape. Through acquisition, strategic partnership, expansion, product/technology launch &collaboration, these players try to gain competitive advantage. Heavy investments are transpired in the R&D to develop a completely different technology compared to their competition.

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Global Thermal Paper Market – Overview

Thermal Paper, a type of paper with a specialty coating enables inkless printing. It is a counterpart of a thermal printer that applies heat to the coatings applied on the paper, which further results in a clear printing.  Usages of Thermal Printer ensures speedy, reliable and high-definition Printing. 

This technology is used across the industries worldwide, mainly healthcare sector quite relies on the thermal printing for HD images & report printouts where accuracy is integral like EKGs (electrocardiograms), report printouts for scanning, ultrasound, and prescription labels etc. Similarly in the retail sector the thermal paper is used point-of-sale applications, like receipts & tags at the retails stores, online purchases, and ATMs receipts where itemized receipts are essential. Also, travel & ticketing agencies, lottery & gaming business also extensively use thermal paper.

Thermal printing technology is faster, quieter without the need for ink or ribbons. Besides, the Thermal Paper is reliable & durable, hence not easily tear-able and most importantly doesn't get jam in the printer. This prompts lower maintenance costs & savings. Growing industrialization & businesses coupled with the burgeoning healthcare & retails sectors worldwide define the wide uptake of the Thermal Paper & the increasing market growth.

Taking a note from the current market progress; Market Research Future (MRFR) has recently published a study report giving out the complete market insight up till 2023. According to MRFR, the booming market of Thermal paper, further accruing exponentially will register a growth of USD 4,391.0 million by 2023 & a CAGR of 4.66% during the review period (2017-2023).

In addition, another feature that propels the market growth is long-lasting images on a wide variety of materials. Besides, the technologies getting introduced in the market such as Thermal Transfer Printing Technology, which can create highly durable wristbands, asset tags, and certification labels, in addition to common labels, tags, and tickets is another factor contributing to the market growth.

On the other hand, there are some health and environmental concerns associated with the Thermal Paper.  For instance; a chemical - BPA (bisphenol A) is used for coatings to offer the thermal paper with stability and heat-resistance.  BPA, is considered to be an endocrine disruptor. Which means BPA can contaminate recycled paper and can easily get transferred to the skin in small amounts.

Industry/Innovation/Related News:

April 16, 2018 – Polaroid (US - PLR Ecommerce, LLC.) a company well known for its instant Camera, announced that it has upgraded its Camera with the Thermal Printer & Raspberry Pi, making it an instant camera that prints onto thermal paper.

Thermal Paper Market – Segmentation

For the convenience of the report and enhanced understanding; MRFR Analysis – Global Thermal Paper Market is been segmented into 4 key dynamics: -

By Technologies      : Comprises Direct Thermal, and Thermal Transfer among others. 

By Applications      : POS (Point of Sale includes receipts, tags at the retails stores, online purchases, and ATMs), Labels & Tags, and Lottery & Gaming, among others

By Regions              :  Europe, North America, APAC and Rest of the World. 

Segment - Direct Thermal by Technologies acquired 49.37% of market share in 2016, Valuing USD 1,586.1 Million.

While Segment - Thermal transfer by Technologies is projected to grow at 4.43% of a CAGR

Segment - POS by Applications acquired largest as in 58.90% of market share in 2016, the segment is further expected to grow with a CAGR of 4.93% during the forecast period.

On the other hand, Segment - Lottery & Gaming by Applications accounted for the second-largest market, valuing USD 421.5 Million in 2016. 

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Worldwide Thermal Paper Market – Regional Analysis

The North America market led the global Thermal Paper market with the largest as in 37.27% of market share accounting for USD 1,197.4 Million in 2016. Increased demand of thermal paper, from POS application backed by the high internet penetration in countries such as U.S. and Canada defines the regional market growth.  Besides, The US among the other North American counties accounts for the major market for Thermal Paper owing to the presence of the biggest international retail chains such as Walmart and Amazon backed by the augmented demand for the POS applications. The region is expected to retain its dominance during the forecast period.

While the Europe market stands the second largest market for Thermal Paper, valuing at USD 883.8 Million in 2016.  Attributing to the increasing sales of retail industry, from both, brick and mortar and online stores, especially in the countries like the Netherlands, UK, and Germany the regional market will register 4.38% of a CAGR in the next five years.

Whereas the Asia-Pacific market for Thermal Paper, emerging as the fastest growing market will account for a substantial market share in the next six years. The regional market growth attributes to the inclination towards purchasing from online platforms backed by the increasing disposable income and changing consumer preferences in the region. China among the other APAC countries, accounts for the largest market for Thermal Paper owing to the increasing demand for consumer goods influenced by the increasing populace. Asia Pacific region is projected to register 5.12% of CAGR during the forecast period.

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