Saudi Arabia Thermal Paper Market Size & Outlook
Saudi Arabia thermal paper market, 2018-2030 (US$M)
Related Markets
Saudi Arabia thermal paper market highlights
- The Saudi Arabia thermal paper market generated a revenue of USD 35.8 million in 2022 and is expected to reach USD 47.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.7% 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 35.8 million |
| Market revenue in 2030 | USD 47.7 million |
| Growth rate | 3.7% (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, Saudi Arabia accounted for 0.9% 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 Middle East & Africa, Saudi Arabia thermal paper market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 47.7 million by 2030.
Point-of-sale was the largest segment with a revenue share of 67.04% in 2022. Horizon Databook has segmented the Saudi Arabia thermal paper market based on point-of-sale, tags & label, lottery & gaming covering the revenue growth of each sub-segment from 2018 to 2030.
Rapidly increase in the number of retail outlets, shopping malls, and ATMs across the country is likely to stimulate the demand for thermal paper. Most of the thermal paper in Saudi Arabia is imported from economies such as China, UAE, India, Malaysia, and Indonesia.
The requirement of a number of custom release documents including Certificate of Origin, Chamber Certificated Invoice and others is projected to restrict the thermal paper import. The government operating in the country has imposed such strict regulations to limit the import of thermal paper from the overseas market and promote the production in the country.
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Thermal Paper Market Scope
Thermal Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia thermal paper market size, by application, 2018-2030 (US$M)
Saudi Arabia Thermal Paper Market Outlook Share, 2022 & 2030 (US$M)
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