Market revenue in 2024 | USD 136.1 million |
Market revenue in 2030 | USD 189.7 million |
Growth rate | 5.7% (CAGR from 2025 to 2030) |
Largest segment | Point-of-sale (pos) |
Fastest growing segment | Point-of-Sale (POS) |
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 61.35% in 2024. Horizon Databook has segmented the Japan 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 billing activities in retail industry, on account of improvements in consumer buying behavior, are anticipated to augment the adoption of thermal papers. Increasing online shopping activities in Japan coupled with the presence of prominent online retail players are likely to have a positive impact on the demand for thermal paper in tags & labels and PoS applications.
Declining volumes in traditional office and consumer printing markets in Japan, owing to the shifting preference toward compiling information in network systems, along with increasing preference for ecommerce and mobile portals, which generate online receipts for purchase and sales, are anticipated to have a negative impact on the market.
Rising adoption of mobile POS terminals in retail and pharmaceutical industries of Japan is expected to reduce the application of traditional counterpart terminals. This, in turn, is likely to restrain the market growth in the country.
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