India Thermal Paper Market Size & Outlook, 2022-2030
India thermal paper market, 2018-2030 (US$M)
Related Markets
India thermal paper market highlights
- The India thermal paper market generated a revenue of USD 165.0 million in 2022 and is expected to reach USD 299.5 million by 2030.
- The India market is expected to grow at a CAGR of 7.7% 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 165.0 million |
| Market revenue in 2030 | USD 299.5 million |
| Growth rate | 7.7% (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, India accounted for 4.1% 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 Asia Pacific, China thermal paper market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 299.5 million by 2030.
Point-of-sale was the largest segment with a revenue share of 66.18% in 2022. Horizon Databook has segmented the India thermal paper market based on point-of-sale, tags & label, lottery & gaming covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing point-of-sale applications for thermal papers are likely to fuel the market growth over the forecast period. PoS terminals are widely accepted for billing in retail stores, convenience shops, entertainment centers, fuel stations, tickets in public transport, and others.
Retail industry in the country is anticipated to witness significant growth owing to improvement in living standards, high spending capacity, and wide acceptance of online retail shopping. Consumption of tags & labels used in retail packaging and bill printing is likely to support the demand for thermal papers over the forecast period.
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Thermal Paper Market Scope
Thermal Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
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India thermal paper market size, by application, 2018-2030 (US$M)
India Thermal Paper Market Outlook Share, 2022 & 2030 (US$M)
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