Canada Thermal Paper Market Size & Outlook, 2025-2030
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Canada thermal paper market highlights
- The Canada thermal paper market generated a revenue of USD 129.5 million in 2024 and is expected to reach USD 163.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 4% from 2025 to 2030.
- In terms of segment, 80mm was the largest revenue generating width in 2024.
- Other Widths is the most lucrative width segment registering the fastest growth during the forecast period.
Thermal paper market data book summary
| Market revenue in 2024 | USD 129.5 million |
| Market revenue in 2030 | USD 163.1 million |
| Growth rate | 4% (CAGR from 2025 to 2030) |
| Largest segment | 80mm |
| Fastest growing segment | Other Widths |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 57mm, 80mm, Other Widths |
| 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 2024.
- 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 120.2 million by 2030.
80mm was the largest segment with a revenue share of 48.8% in 2024. Horizon Databook has segmented the Canada thermal paper market based on 57mm, 80mm, other widths 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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Thermal Paper Market Scope
Thermal Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Twin Rivers Paper Company | View profile | 1001-5000 | Madawaska, Maine, United States, North America | http://twinriverspaper.com |
| Iconex | View profile | 501-1000 | Duluth, Georgia, United States, North America | http://iconex.com |
| Thermal Solutions International | View profile | 11-50 | Jacksonville, Florida, United States, North America | https://www.tsipaper.com |
| Henan Jianghe Paper Co. | View profile | 11-50 | Jiaozuo, Henan, China, Asia | http://www.jianghe.com |
| Hansol Paper | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.hansolpaper.co.kr/ |
| Mitsubishi Paper Mills | View profile | 1001-5000 | Sumida, Tokyo, Japan, Asia | https://www.mpm.co.jp/eng/ |
| Oji Holdings Corp | View profile | 37845 | 7-5, Ginza 4-chome, Chuo-ku, Tokyo, Japan, 104-0061 | http://www.ojiholdings.co.jp |
| Nippon Paper Industries Co Ltd | View profile | 15959 | 4-6, Kanda-Surugadai, Chiyoda-ku, Tokyo, Japan, 101-0062 | http://www.nipponpapergroup.com |
Canada thermal paper market size, by width, 2018-2030 (US$M)
Canada Thermal Paper Market Outlook Share, 2024 & 2030 (US$M)
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