Saudi Arabia Thermal Paper Market Size & Outlook
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Saudi Arabia thermal paper market highlights
- The Saudi Arabia thermal paper market generated a revenue of USD 42.8 million in 2024 and is expected to reach USD 53.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.8% 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 42.8 million |
| Market revenue in 2030 | USD 53.2 million |
| Growth rate | 3.8% (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, Saudi Arabia accounted for 1.0% 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 Middle East & Africa, Saudi Arabia thermal paper market is projected to lead the regional market in terms of revenue in 2030.
- Qatar is the fastest growing regional market in Middle East & Africa and is projected to reach USD 8.1 million by 2030.
80mm was the largest segment with a revenue share of 49.07% in 2024. Horizon Databook has segmented the Saudi Arabia thermal paper market based on 57mm, 80mm, other widths 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 |
|---|---|---|---|---|
| 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 |
Saudi Arabia thermal paper market size, by width, 2018-2030 (US$M)
Saudi Arabia Thermal Paper Market Outlook Share, 2024 & 2030 (US$M)
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