The global thermal paper market size is estimated at USD 4.56 billion in 2022 and is expected to register a growth of 5.55% during the forecast period.
Thermal paper is a type of specialty paper that transforms color when subordinated to heat, and prints information without the need for any conventional ink. The effect is fulfilled by coating a mixture of heat-sensitive dyes and color- inventors during the manufacturing process on the base paper. These composites include leuco dyes, organic acid inventors, and sensitizers. Lecco colour is made up of a colorless crystalline powder which melts under heat and mixes with an organic acid, also known as an inventor, to form an opaque color.
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Regional Analysis
Europe is expected to lead the market owing to the large retail sector in the region, consisting of a large number of POS outstations and digital billing equipment. Likewise, the demand for this paper for medical applications in the region is opening up a huge eventuality for the growth of the request. The market in North America will be governed by the growth of the retail sector in the US. On the other hand, the thermal paper market in Asia Pacific will be driven by the growth of the POS terminals and the number of card- grounded deals in the region. Also, the structure development in countries similar to India and China has increased the demand for marketing in travel and entertainment sectors, therefore performing in significant market growth.
The demand for tags and labels has significantly expanded in Latin America due to the demand from the beverage industry present in the region. This demand can be fulfilled by paper markers and therefore is expected to produce opulent growth opportunities for the request. The market in the Middle East & Africa will follow the growth of the logistics sector of the region, which is growing owing to the large shipping industry present in the region.
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Market Segmentation
The thermal paper market is segmented on the base of type, technology, thickness, width, application and end- user. The growth amongst these parts will help you dissect stingy growth parts in the industries and give the users with a precious market overview and market perceptivity to help them make strategic opinions for identifying core market operations.
Factors like the presence of well-established manufacturers and increasing sales in the retail industry support the thermal paper market growth. The performance of the thermal paper market has also been studied for the past and current years. Additionally, the thermal paper market report provides analysis of these segments. The thermal paper market segmental analysis provided in the report offers major details about the thermal paper market based on the data and forecasts till 2028.
Competitive Landscape
The thermal paper market is supported by the emergence of new hypermarkets . The population growth around the world and increasing demand of thermal paper market based services and products also support the market growth. However, the thermal paper market growth can be affected due to high manufacturing cost. The report covers all such details which will help companies in the thermal paper market to strengthen their business plan and improve their product portfolio. The thermal paper market research report also provides company profiles of major companies. The company profiles of many organizations operating in the thermal paper market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the thermal paper market. New companies and established businesses can plan their strategies based on this data provided in the thermal paper market research report.
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Key Market Players: Ricoh company ltd, Oji holdings corporation, Jujo thermal ltd, Mitsubishi paper mills ltd, Hansol paper co. Ltd, Thermal solutions international, inc, Appvion operations, inc, Koehler paper, Nakagawa manufacturing (usa), inc, Gold huasheng paper co. Ltd., Henan jianghe paper co., ltd, Rotolificio bergamasco srl
Industry News
Honeywell has announced the acquisition of Sine Group, a company headquartered in Adelaide, Australia, technology and software as a service (SaaS) that offers visitor control, workplace and supply chain solutions that are easily accessible via mobile devices. Sine’s technology would support Honeywell Forge’s cloud-based mobile app, Honeywell’s corporate success monitoring offering, and Sine’s applications would extend Honeywell’s Wired Buildings services with improved connectivity, security and enforcement functionality.
April 2022: Koehler Paper announces the introduction of the sustainable blue4est pro label and the expansion of its Sustainable Blue4est Thermal Paper Range: Blue4est Pro paper is available for labels, in addition to the environmentally friendly Blue4est POS till receipt.
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