Mexico Thermal Paper Market Size & Outlook, 2022-2030
Mexico thermal paper market, 2018-2030 (US$M)
Related Markets
Mexico thermal paper market highlights
- The Mexico thermal paper market generated a revenue of USD 97.0 million in 2022 and is expected to reach USD 137.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.5% 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.
Thermal paper market data book summary
| Market revenue in 2022 | USD 97.0 million |
| Market revenue in 2030 | USD 137.6 million |
| Growth rate | 4.5% (CAGR from 2022 to 2030) |
| Largest segment | Point-of-sale |
| Fastest growing segment | Tags & Label |
| 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, Mexico accounted for 2.4% 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 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 137.6 million by 2030.
Point-of-sale was the largest segment with a revenue share of 62.58% in 2022. Horizon Databook has segmented the Mexico thermal paper market based on point-of-sale, tags & label, lottery & gaming 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 |
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Mexico thermal paper market size, by application, 2018-2030 (US$M)
Mexico Thermal Paper Market Outlook Share, 2022 & 2030 (US$M)
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