Pune, India -- (SBWIRE) -- 04/24/2018 -- MarketResearchFuture.com added New Report Named "Thermal Paper Market 2018: Global Industry Analysis, Market Growth and Opportunity Assessment, Segmentation By Technology (Direct Thermal, Thermal Transfer, and Others), By Application (POS, Lottery & Gaming, Labels & Tags, and Others) and By Region | Outlook to 2023" to its Database.

Thermal Paper is manufactured with specialty coating which enables inkless printing. This coating blackens when exposed to heat, and in turn transfers the image on the paper. The thermal paper has applications across gaming, lottery, retail, e-commerce, packaging & labelling, and others. The market is driven by various factors such as increased importance of labels and barcodes in the packaging of consumer goods. Additionally, growth in packaged food industries, also fuels the growth of the market. The rise in population in many countries, has led to an increase in food & beverage consumption, which ultimately increases the demand of packaging products. Also, the increase in consumer income in countries such as China, India, and Brazil, have led to the growth in demand for good-quality packaged food. However, fluctuating supply and prices of raw materials, may hamper the growth of the market.

Global thermal paper market is expected to reach a market size of USD 4,391.0 million by the end of the forecast period at CAGR of 4.66%.

Get Report Sample@ https://www.marketresearchfuture.com/sample_request/880

Key Players

The key players of global thermal paper market are Appvion, Inc. (U.S.), Oji Paper (Thailand) Ltd. (Thailand), Koehler Paper Group (Germany), Ricoh Company Ltd (Japan), Jujo Thermal Ltd. (Finland), Mitsubishi Paper Mills Ltd. (Japan), Hansol Paper Co., Ltd (South Korea), and Nakagawa Manufacturing (USA), Inc. (U.S.).

Segmentation

Global Thermal Paper Market, By Technology

Direct Thermal
Thermal Transfer
Others
Global Thermal Paper Market, By Application

POS
Lottery & Gaming
Labels & Tags
Others
Based on technology, the market has been segmented as direct thermal, thermal transfer, and others. The direct thermal segment accounted for the largest market share of 49.37% in 2016, with a market value of USD 1,586.1 Million. In direct thermal technology, no ribbon is used in printing. It creates the image directly on the printed material. Direct thermal printing uses chemically treated, heat-sensitive media that turns black when it passes under the thermal print head. Thermal transfer technology is projected to grow at the highest CAGR of 4.43%. Thermal transfer printing uses a heated ribbon to produce durable, long-lasting images on a wide variety of materials. Thermal transfer printers can create highly durable wristbands, asset tags, and certification labels, in addition to common labels, tags, and tickets.

On the basis of application, the market has been segmented as, POS, lottery & gaming, labels & tags, and others. POS accounted for the largest market share of 58.90% in 2016. POS (Point of Sale) application includes receipts and tags at the retails stores, online purchases, and ATMs. The paper is generally compatible with most transaction-style printers and cash registers, and multiple rolls come in a pack. POS paper ensures customers get a clear, legible, smudge-free receipt each time. The thermal paper for receipts come in various dimensions to suit the end-use. The segment is expected to grow at 4.93% CAGR during the forecast period. Lottery & Gaming was the second-largest market that was valued at USD 421.5 Million in 2016. Labels & tags is also another major application. Thermal papers are used extensively for barcodes and tags and similar applications. Such labels and barcodes come handy across the supply chain of FMCG goods, for theft and security reasons.

Browse Full Report@ https://www.marketresearchfuture.com/reports/thermal-paper-market-880

Regional Analysis

On the basis of region, the market has been segmented as North America, Europe, Asia Pacific and Rest of the World (ROW). North America accounted for the largest market share of 37.27% in 2016, with a market value of USD 1,197.4 Million. The region has witnessed increased demand of thermal paper from POS application mainly due to the high internet penetration in the countries such as U.S. and Canada. The POS applications demand thermal paper for receipts, acknowledgements, and bills. The U.S. is the major market in North America. The country houses one of the biggest international retail chains such as Walmart and Amazon. This makes it an important market for thermal paper. Europe was the second-largest market in 2016, valued at USD 883.8 Million. The region accounts for increasing sales of retail industry, from both brick and mortar and online stores. The retail industry is seen pacing significantly, especially in the countries of Netherlands, U.K., and Germany. Hence, Europe is projected to grow at a CAGR of 4.38%.

Asia Pacific region is expected to grow at the highest CAGR of 5.12% during the forecast period. The region is regarded as one of the fastest growing regions, in terms of sales from both retail and online stores. With increasing disposable income and changing consumer preferences, there has been an inclination towards purchasing from online platforms, especially the international ones such as Amazon. China is the major market in Asia Pacific region, owing to the increasing population and increasing demand for consumer goods.

Rest of the World includes the South America, and Middle East & Africa regions. This region is expected to grow from market size of USD 453.3 million in 2016 to USD 599.4 million by 2023. The region is expected to grow at 4.01% CAGR during the forecast period.

This research report provides insights, on various levels of analysis such as industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Thermal Paper market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Sustainable Packaging and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.