China Thermal Paper Market Size & Outlook, 2022-2030
China thermal paper market, 2018-2030 (US$M)
Related Markets
China thermal paper market highlights
- The China thermal paper market generated a revenue of USD 623.7 million in 2022 and is expected to reach USD 956.7 million by 2030.
- The China market is expected to grow at a CAGR of 5.5% 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 623.7 million |
| Market revenue in 2030 | USD 956.7 million |
| Growth rate | 5.5% (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, China accounted for 15.5% 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 Asia Pacific, China thermal paper market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 299.5 million by 2030.
Point-of-sale was the largest segment with a revenue share of 58.39% in 2022. Horizon Databook has segmented the China 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 2020, China accounted for the largest consumer base for thermal paper in the region owing to a large establishment of point-of-sale terminals in the country. Convenience of providing easy billing mechanism and easy & light printing applications is anticipated to ascend the demand for thermal papers for ticketing, labeling, and tag applications.
Increasing importance of China as a manufacturing base in automotive, chemicals, food & beverage, and pharmaceutical products in light of low production cost as compared to Europe and North America and growing domestic consumption of the same are expected to increase the use of labels and tags.
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Thermal Paper Market Scope
Thermal Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
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China thermal paper market size, by application, 2018-2030 (US$M)
China Thermal Paper Market Outlook Share, 2022 & 2030 (US$M)
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