North America Thermal Paper Market Size & Outlook
North America thermal paper market, 2018-2030 (US$M)
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North America thermal paper market highlights
- The North America thermal paper market generated a revenue of USD 1,120.0 million in 2022.
- The market is expected to grow at a CAGR of 3.3% 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, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,120.0 million |
| Market revenue in 2030 | USD 1,457.1 million |
| Growth rate | 3.3% (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, North America region accounted for 27.9% 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 64.43% in 2022. Horizon Databook has segmented the North 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.
In addition, growing domestic consumption of food & beverages and pharmaceuticals along with favorable government policies to promote investments at the domestic level in Mexico is expected to increase the number of retail outlets in the region, thereby opening new market opportunities for thermal paper.
Increasing adoption of mobile POS in the U.S. is anticipated to reduce the demand for thermal paper over the forecast period, hampering the market growth. Positive outlook toward oil & gas sector in the U.S. and Canada, on account of rising production of unconventional energy sources such as shale gas, is likely to ensure the supply of petrochemicals to raw material suppliers including coating manufacturers.
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Thermal Paper Market Scope
Thermal Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America thermal paper market size, by country, 2018-2030 (US$M)
North America Thermal Paper Market Outlook Share, 2022 & 2030 (US$M)
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