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 |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to thermal paper market will help companies and investors design strategic landscapes.
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.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada thermal paper market , including forecasts for subscribers. This country databook contains high-level insights into Canada thermal paper market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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