Market revenue in 2024 | USD 42.8 million |
Market revenue in 2030 | USD 53.2 million |
Growth rate | 3.7% (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 64.72% in 2024. Horizon Databook has segmented the Saudi Arabia 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.
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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