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Jun 30, 2020 3:07 AM ET

Thermal Paper Market 2020 Updates Related to Growth and Revenue Changes Created by COVID-19 | Finds Fortune Business Insights™




iCrowd Newswire - Jun 30, 2020

Thermal Paper Market Size, Share & Industry Analysis, By Width (2.25”, 3.125”, and Others), By Printing Technology (Direct Thermal, Thermal Transfer, and Others), By Application (Point-of-Sale, Tags & Labels, Ticketing, Lottery & Gaming, Medical, and Others), and Regional Forecast, 2020-2027

The globalthermal paper marketsize is projected to reachUSD 5.85 billion by the end of 2027.Increasing applications of the product across diverse industry verticals will aid the growth of the overall market in the coming years. According to a report published by Fortune Business Insights, titled“Thermal Paper Market Size, Share and Industry Analysis, By Width (2.25”, 3.125”, and Others), By Printing Technology (Direct Thermal, Thermal Transfer, and Others), By Application (Point-of-Sale, Tags and Labels, Ticketing, Lottery and Gaming, Medical, and Others), and Regional Forecast, 2020-2027,”the market was worthUSD 3.45 billion in 2019and will exhibit aCAGR of 6.9%during the forecast period, 2020-2027.

 

COVID-19 Impact Analysis:

 

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

 

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

 

Get Sample PDF Brochure with “Short-Term and Long-Term Impact of COVID-19” onThermal Paper Market,

 

Please Visit:https://www.fortunebusinessinsights.com/enquiry/covid19-impact/thermal-paper-market-102811

 

Thermal paper is a specialty paper that is usually coated with a material that helps the paper transform its color when subjected to heat. The increasing applications of thermal paper are attributable to the favourable properties of the product. It is widely used in applications that require quick and short print slips including ATMs and other places that print out receipts. The growing product applications, coupled with the massive investment in the development of efficient products, will ultimately emerge in favor of the growth of the market in the coming years. The product is inclusive of easily derivable compounds as well as material available in abundance. The increasing investment in the research and development of efficient thermal paper will contribute to the growth of the overall market in the coming years. The presence of several large scale companies will emerge in favor of market growth.

 

Company Mergers Are Proving Beneficial for Existing Businesses

 

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Due to healthy market competition, several companies are looking to adopt strategies that will help them establish a strong position in the global market. It is observed that company mergers and collaborations are a growing trend among major businesses across the world.

 

In February 2020, Koehler Paper Group announced that it has completed the acquisition of Beaver Paper and Graphic Media Inc. The company is a manufacturer of sublimation media; a product that is used widely in the digital printing industry. Through this acquisition, the company will look to combine the portfolio of both the companies and improve the overall sales and distribution of sublimation media across the world. Koehler’s acquisition of Beaver will help the company establish a formidable position in the global market. Additionally, this acquisition will have a huge impact on the growth of the overall market in the coming years.

 

Browse Summary of This Research Report with Detailed Table of Content:

 

https://www.fortunebusinessinsights.com/thermal-paper-market-102811

 

Market in Europe Held the Highest Share; Increasing Number of POS Terminals Will Emerge in Favor of Market Growth

 

The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these regions, the market in Europe currently holds the largest market share. The increasing number of POS terminals will emerge in favor of market growth. The increasing number of ATM transactions will also lead to a wider product adoption in numerous countries across this region. As of 2019, the market in Europe was worth USD 1.57 billion and this value is projected to increase further in the coming years.

 

List of key companies profiled in the Thermal Paper Market Research Report are:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industry Developments:

 

March 2019:Ricoh Industries France announced that it will be expanding its production of thermal paper line. The company will be building a new coating machine to double its production capacity.Quick Buy Thermal Paper MarketResearch Report:https://www.fortunebusinessinsights.com/checkout-page/102811

 

About Us:

 

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

 

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Press Release Distributed by The Express Wire

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