According to the latest report by IMARC Group “Thermal Paper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global thermal paper market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during the forecast period (2021-2026).
Thermal paper refers to a type of specialty paper that is used as a recording medium in inkless printing. It consists of three layers of regular paper that act as a substrate; a base layer made with alkaline salts, gelatin and starch; and a top layer with a chemical coating of Bisphenol A (BPA) as a developer. Thermalpaper is highly durable, has high sensitivity toward external adulteration, and changes color when exposed to heat and light. Due to its high reliability and convenience,thermal paperis also used in various applications such as labels, tickets, POS receipts, and medical charts.
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The global thermal paper market is primarily driven by its utilization across the banking, medical, and entertainment industriesas thermal paper has the ability to provide a clear print for an extended period compared to traditional print paper.Furthermore, the expansion of the retail sector and increasing network of hypermarkets have increased point-of-sale (POS) billing operations, which is positively influencing the market growth. Moreover, with technological advancements, manufacturers are able to deliverthe multi-colored paperfor asset tagging and certification labels for cold storage products and laboratory specimens. These factors are expected to exhibit a positive outlook for the market in the coming years.
Breakup by Technology:
Breakup by Application:
Point of Sale (PoS)
Lottery and Gaming
Tags and Labels
Breakup by Region:
Middle East and Africa
Competitive Landscape with Key Player:
Appvion Operations Inc
Gold Huasheng Paper Co. Ltd.
Hansol Paper Ltd.
Henan JiangHE Paper CO. LTD
Jujo Thermal Ltd. (Nippon Paper Industries Co. Ltd)
Mitsubishi Paper Mills Limited
Nakagawa Manufacturing Inc.
Oji Holdings Corporation
Ricoh Company Ltd.
Thermal Solutions International Inc.
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