Mexico Thermal Paper Market Size & Outlook, 2025-2030
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Mexico thermal paper market highlights
- The Mexico thermal paper market generated a revenue of USD 92.2 million in 2024 and is expected to reach USD 120.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.6% 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.
Thermal paper market data book summary
| Market revenue in 2024 | USD 92.2 million |
| Market revenue in 2030 | USD 120.2 million |
| Growth rate | 4.6% (CAGR from 2025 to 2030) |
| Largest segment | 80mm |
| Fastest growing segment | Other Widths |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, Mexico accounted for 2.3% of the global thermal paper market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. thermal paper market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 120.2 million by 2030.
80mm was the largest segment with a revenue share of 47.07% in 2024. Horizon Databook has segmented the Mexico thermal paper market based on 57mm, 80mm, other widths 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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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 |
Mexico thermal paper market size, by width, 2018-2030 (US$M)
Mexico Thermal Paper Market Outlook Share, 2024 & 2030 (US$M)
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