Market revenue in 2024 | USD 129.5 million |
Market revenue in 2030 | USD 163.1 million |
Growth rate | 3.9% (CAGR from 2025 to 2030) |
Largest segment | Point-of-sale (pos) |
Fastest growing segment | Tags & Label |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Point-of-Sale (POS), Tags & Label, Lottery & Gaming, Ticketing, Medical, Other Applications |
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 |
Point-of-sale (pos) was the largest segment with a revenue share of 63.32% in 2024. Horizon Databook has segmented the Canada thermal paper market based on point-of-sale (pos), tags & label, lottery & gaming, ticketing, medical, other applications 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.
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