Market revenue in 2024 | USD 1,204.7 million |
Market revenue in 2030 | USD 1,442.4 million |
Growth rate | 3% (CAGR from 2025 to 2030) |
Largest segment | Point-of-sale (pos) |
Fastest growing segment | Tags & Label |
Historical data covered | 2018 - 2023 |
Base year for estimation | 2024 |
Forecast period covered | 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 62.69% in 2024. Horizon Databook has segmented the Europe 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.
The rising importance of eco-friendly coatings in Europe on account of growing concerns regarding greenhouse gas emissions (GHS) is anticipated to force thermal paper manufacturers to increase the incorporation of powder as well as waterborne coatings in their finished products.
However, increasing use of mobile PoS in European countries such as Germany, the UK, France, and Spain owing to new product launches by smartphone manufacturers at the domestic level is likely to reduce thermal paper demand in the near future.
The emergence of Europe as a manufacturing hub for the production of dietary supplements and nutritional products owing to rising expenditure by prebiotic manufacturers such as Friesland Campina Domo (Netherlands) and Beneo (Belgium) is likely to promote the use of labels and tags.
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