Market revenue in 2024 | USD 221.8 million |
Market revenue in 2030 | USD 278.0 million |
Growth rate | 3.8% (CAGR from 2025 to 2030) |
Largest segment | Point-of-sale (pos) |
Fastest growing segment | Tags & Label |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 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 62.26% in 2024. Horizon Databook has segmented the Germany 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.
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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