Middle East & Africa Thermal Paper Market Size & Outlook
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MEA thermal paper market highlights
- The MEA thermal paper market generated a revenue of USD 188.1 million in 2024.
- The market is expected to grow at a CAGR of 4.1% from 2025 to 2030.
- In terms of segment, 80mm was the largest revenue generating width in 2024.
- Other Widths is the most lucrative width segment registering the fastest growth during the forecast period.
- Country-wise, Qatar is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 188.1 million |
| Market revenue in 2030 | USD 238.5 million |
| Growth rate | 4.1% (CAGR from 2025 to 2030) |
| Largest segment | 80mm |
| Fastest growing segment | Other Widths |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 57mm, 80mm, Other Widths |
| 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, MEA region accounted for 4.6% of the global thermal paper market in 2024.
- 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 1,871.2 million by 2030.
80mm was the largest segment with a revenue share of 49.34% in 2024. Horizon Databook has segmented the Middle East & Africa thermal paper market based on 57mm, 80mm, other widths covering the revenue growth of each sub-segment from 2018 to 2030.
Growing demand for food & beverage, FMCG and electronics goods in Middle East and African countries in light of population growth and urbanization in major markets of Saudi Arabia, UAE and Qatar is expected to increase the use of POS terminals, tags and labels.
Governments operating in Middle East & Africa are planning to shift reliance from upstream oil & gas sector to other industries such as pharmaceuticals, food & beverage, chemicals and automotive. As a result, they have framed favorable policies for promoting investments at domestic level.
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Thermal Paper Market Scope
Thermal Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Twin Rivers Paper Company | View profile | 1001-5000 | Madawaska, Maine, United States, North America | http://twinriverspaper.com |
| Iconex | View profile | 501-1000 | Duluth, Georgia, United States, North America | http://iconex.com |
| Thermal Solutions International | View profile | 11-50 | Jacksonville, Florida, United States, North America | https://www.tsipaper.com |
| Henan Jianghe Paper Co. | View profile | 11-50 | Jiaozuo, Henan, China, Asia | http://www.jianghe.com |
| Hansol Paper | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.hansolpaper.co.kr/ |
| Mitsubishi Paper Mills | View profile | 1001-5000 | Sumida, Tokyo, Japan, Asia | https://www.mpm.co.jp/eng/ |
| Oji Holdings Corp | View profile | 37845 | 7-5, Ginza 4-chome, Chuo-ku, Tokyo, Japan, 104-0061 | http://www.ojiholdings.co.jp |
| Nippon Paper Industries Co Ltd | View profile | 15959 | 4-6, Kanda-Surugadai, Chiyoda-ku, Tokyo, Japan, 101-0062 | http://www.nipponpapergroup.com |
MEA thermal paper market size, by country, 2018-2030 (US$M)
Middle East & Africa Thermal Paper Market Outlook Share, 2024 & 2030 (US$M)
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