Germany Thermal Paper Market Size & Outlook, 2022-2030
Germany thermal paper market, 2018-2030 (US$M)
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Germany thermal paper market highlights
- The Germany thermal paper market generated a revenue of USD 205.1 million in 2022 and is expected to reach USD 260.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 3% 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 205.1 million |
| Market revenue in 2030 | USD 260.7 million |
| Growth rate | 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 |
Other key industry trends
- In terms of revenue, Germany accounted for 5.1% 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 Europe, UK thermal paper market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 260.7 million by 2030.
Point-of-sale was the largest segment with a revenue share of 64.94% in 2022. Horizon Databook has segmented the Germany thermal paper market based on point-of-sale, tags & label, lottery & gaming covering the revenue growth of each sub-segment from 2018 to 2030.
German thermal paper market is likely to augment over the estimated timeframe owing to a rise in the demand for thermal paper from the retail, automotive, and transportation industries. Moreover, tags & label applications are anticipated to contribute significantly to the growth on account of increasing billing applications in the retail, transportation, and hospitality industries.
The presence of prominent automotive and chemical manufacturers including BMW, Volkswagen, Daimler, BASF, Bayer, and Henkel in the country is anticipated to promote the use of labels and tags. In 2013, the European Commission introduced “Guideline on the packaging information of medicinal products for human use authorized by the union”.
This regulation is anticipated to force Germany-based healthcare companies to increase their expenditure for the incorporation of good-quality labels & tags in drugs and vaccines. However, declining retail sales from PoS terminals in Germany on account of rising transactions through online media such as smartphones are expected to have a negative impact on the thermal paper market.
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Thermal Paper Market Scope
Thermal Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany thermal paper market size, by application, 2018-2030 (US$M)
Germany Thermal Paper Market Outlook Share, 2022 & 2030 (US$M)
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