Europe Thermal Paper Market Size & Outlook, 2022-2030
Europe thermal paper market, 2018-2030 (US$M)
Related Markets
Europe thermal paper market highlights
- The Europe thermal paper market generated a revenue of USD 1,121.1 million in 2022.
- The market is expected to grow at a CAGR of 2.8% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 1,121.1 million |
| Market revenue in 2030 | USD 1,394.4 million |
| Growth rate | 2.8% (CAGR from 2022 to 2030) |
| Largest segment | Point-of-sale |
| Fastest growing segment | Tags & Label |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 27.9% of the global thermal paper market in 2022.
- 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 2,143.4 million by 2030.
Point-of-sale was the largest segment with a revenue share of 65.28% in 2022. Horizon Databook has segmented the Europe thermal paper market based on point-of-sale, tags & label, lottery & gaming 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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Thermal Paper Market Scope
Thermal Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe thermal paper market size, by country, 2018-2030 (US$M)
Europe Thermal Paper Market Outlook Share, 2022 & 2030 (US$M)
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