Latin America Thermal Paper Market Size & Outlook
Latin America thermal paper market, 2018-2030 (US$M)
Related Markets
Latin America thermal paper market highlights
- The Latin America thermal paper market generated a revenue of USD 242.7 million in 2022.
- The market is expected to grow at a CAGR of 4.7% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 242.7 million |
| Market revenue in 2030 | USD 351.1 million |
| Growth rate | 4.7% (CAGR from 2022 to 2030) |
| Largest segment | Point-of-sale |
| Fastest growing segment | Tags & Label |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 6.0% of the global thermal paper market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,143.4 million by 2030.
Point-of-sale was the largest segment with a revenue share of 67.82% in 2022. Horizon Databook has segmented the Latin America 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 investments by retail companies in the Europe and North America in light of rising consumption of food & beverage and pharmaceutical products is anticipated to augment POS terminals market growth.
Emergence of Peru and Chile as metal production base in light of investments by companies such as BHP Billiton is expected to promote the application of warehouse which will increase thermal paper demand in labels and tags in the near future.
Consumption of thermal paper in Central & South America is projected to witness strong growth on account of the rising demand for POS and logistics systems across the region. Thermal paper is majorly used by the POS and logistic systems which are expected to increase in number, in turn driving the demand for thermal paper in applications including ATMs, retail outlets, and malls, among others.
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Thermal Paper Market Scope
Thermal Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America thermal paper market size, by country, 2018-2030 (US$M)
Latin America Thermal Paper Market Outlook Share, 2022 & 2030 (US$M)
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