Europe Thermal Paper Market Size & Outlook, 2024-2030

The thermal paper market in Europe is expected to reach a projected revenue of US$ 1,442.4 million by 2030. A compound annual growth rate of 3% is expected of Europe thermal paper market from 2025 to 2030.
Revenue, 2024 (US$M)
$1,204.7
Forecast, 2030 (US$M)
$1,442.4
CAGR, 2025 - 2030
3%
Report Coverage
Europe

Europe thermal paper market highlights

  • The Europe thermal paper market generated a revenue of USD 1,204.7 million in 2024.
  • The market is expected to grow at a CAGR of 3% from 2025 to 2030.
  • In terms of segment, point-of-sale (pos) was the largest revenue generating application in 2024.
  • Tags & Label is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, Germany is expected to register the highest CAGR from 2025 to 2030.

Europe data book summary

Market revenue in 2024USD 1,204.7 million
Market revenue in 2030USD 1,442.4 million
Growth rate3% (CAGR from 2025 to 2030)
Largest segmentPoint-of-sale (pos)
Fastest growing segmentTags & Label
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPoint-of-Sale (POS), Tags & Label, Lottery & Gaming, Ticketing, Medical, Other Applications
Key market players worldwideOji 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, Europe region accounted for 29.6% of the global thermal paper market in 2024.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 1,871.2 million by 2030.

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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Europe thermal paper market size, by country, 2018-2030 (US$M)

Europe Thermal Paper Market Outlook Share, 2024 & 2030 (US$M)

Europe thermal paper market size, by country, 2018-2030 (US$M)

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