Canada Thermal Paper Market Size & Outlook, 2022-2030
Canada thermal paper market, 2018-2030 (US$M)
Related Markets
Canada thermal paper market highlights
- The Canada thermal paper market generated a revenue of USD 128.6 million in 2022 and is expected to reach USD 167.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.3% from 2023 to 2030.
- In terms of segment, point-of-sale was the largest revenue generating application in 2022.
- Tags & Label is the most lucrative application segment registering the fastest growth during the forecast period.
Thermal paper market data book summary
| Market revenue in 2022 | USD 128.6 million |
| Market revenue in 2030 | USD 167.1 million |
| Growth rate | 3.3% (CAGR from 2022 to 2030) |
| Largest segment | Point-of-sale |
| Fastest growing segment | Tags & Label |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Point-of-Sale, Tags & Label, Lottery & Gaming |
| Key market players worldwide | Oji Holdings Corp, Nippon Paper Industries Co Ltd, Mitsubishi Paper Mills, Hansol Paper, Henan Jianghe Paper Co., Thermal Solutions International, Iconex, Twin Rivers Paper Company |
Other key industry trends
- In terms of revenue, Canada accounted for 3.2% of the global thermal paper market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. thermal paper market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 137.6 million by 2030.
Point-of-sale was the largest segment with a revenue share of 67.26% in 2022. Horizon Databook has segmented the Canada thermal paper market based on point-of-sale, tags & label, lottery & gaming covering the revenue growth of each sub-segment from 2018 to 2030.
Thermal paper market in Canada is anticipated to accelerate owing to growth in application industries including retail, food & beverage, and transportation. Printing of receipts, tokens, and coupons have resulted in the high demand for thermal papers in the country.
Moreover, an increasing number of public events in the country coupled with a rise in the adoption of light printing technologies is likely to propel the market in the coming years. The e-commerce industry in Canada is anticipated to witness growth over the forecast period owing to a rise in the trend of online shopping.
In 2019, retail e-commerce reached USD 49.80 billion and is likely to continue this trend in the coming years. Increasing online shopping activities is likely to augment the billing operations, thereby fueling the demand for thermal papers in the country.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Thermal Paper Market Scope
Thermal Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada thermal paper market size, by application, 2018-2030 (US$M)
Canada Thermal Paper Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
