Market revenue in 2024 | USD 159.2 million |
Market revenue in 2030 | USD 253.2 million |
Growth rate | 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 62.31% in 2024. Horizon Databook has segmented the India 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.
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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