Global Thermal Paper Market Size & Outlook, 2022-2030
Global thermal paper market, 2018-2030 (US$M)
Related Markets
Global thermal paper market highlights
- The global thermal paper market generated a revenue of USD 4,013.7 million in 2022 and is expected to reach USD 5,562.1 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 4.2% by 2030.
- In terms of segment, point-of-sale accounted for a revenue of USD 2,581.6 million in 2022.
- Tags & Label is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 4,013.7 million |
| Market revenue in 2030 | USD 5,562.1 million |
| Growth rate | 4.2% (CAGR from 2022 to 2030) |
| Largest segment | Point-of-sale |
| Fastest growing segment | Tags & Label |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Point-of-Sale, Tags & Label, Lottery & Gaming |
Other key industry trends
- In terms of revenue, the North America accounted for 27.9% of the global thermal paper market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 281.4 million by 2030.
Point-of-sale was the largest segment with a revenue share of 64.32% in 2022. Horizon Databook has segmented the Global thermal paper market based on point-of-sale, tags & label, lottery & gaming covering the revenue growth of each sub-segment from 2018 to 2030.
In addition, growing domestic consumption of food & beverages and pharmaceuticals along with favorable government policies to promote investments at the domestic level in Mexico is expected to increase the number of retail outlets in the region, thereby opening new market opportunities for thermal paper.
Increasing adoption of mobile POS in the U.S. is anticipated to reduce the demand for thermal paper over the forecast period, hampering the market growth. Positive outlook toward oil & gas sector in the U.S. and Canada, on account of rising production of unconventional energy sources such as shale gas, is likely to ensure the supply of petrochemicals to raw material suppliers including coating manufacturers.
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Thermal Paper Market Scope
Thermal Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global thermal paper market size, by regions, 2018-2030 (US$M)
Top 10 countries: Thermal paper market size, 2022 (US$M)
Global thermal paper market share, by application, 2022 & 2030 (%, US$M)
Thermal paper market: Opportunity assessment by country
Global thermal paper market, by region, 2022 (US$M)
Related regional statistics
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