Japan Thermal Paper Market Size & Outlook, 2022-2030
Japan thermal paper market, 2018-2030 (US$M)
Related Markets
Japan thermal paper market highlights
- The Japan thermal paper market generated a revenue of USD 128.5 million in 2022 and is expected to reach USD 197.9 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.5% from 2023 to 2030.
- In terms of segment, point-of-sale was the largest revenue generating application in 2022.
- Point-of-Sale 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 128.5 million |
| Market revenue in 2030 | USD 197.9 million |
| Growth rate | 5.5% (CAGR from 2022 to 2030) |
| Largest segment | Point-of-sale |
| Fastest growing segment | Point-of-Sale |
| 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, Japan accounted for 3.2% 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 62.02% in 2022. Horizon Databook has segmented the Japan 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 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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Thermal Paper Market Scope
Thermal Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan thermal paper market size, by application, 2018-2030 (US$M)
Japan Thermal Paper Market Outlook Share, 2022 & 2030 (US$M)
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