Market revenue in 2024 | USD 92.2 million |
Market revenue in 2030 | USD 120.2 million |
Growth rate | 4.5% (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 59.11% in 2024. Horizon Databook has segmented the Mexico 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.
The Mexico thermal paper market is anticipated to expand at the highest CAGR in the region owing to the increasing POS activities. Growth in the utilization of POS terminals for ticketing, labeling, and tagging in the country is likely to augment the demand for thermal papers.
Moreover, increasing use of tags and labels, owing to the growth in retail industry, is likely to drive the market growth over the forecast period. Improvement in living standards, high spending capacity, and rising demand for high-end products from the consumers in the country have supported the growth of retail industry.
As a result, industry players have set up multinational franchises and modern-format retail stores across the country. Major players expanding their reach in the country include Starbucks and Walmart. Increase in the number of billing activities in Mexico is likely to have a positive impact on the demand for thermal papers.
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