UK Thermal Paper Market Size & Outlook, 2022-2030
UK thermal paper market, 2018-2030 (US$M)
Related Markets
UK thermal paper market highlights
- The UK thermal paper market generated a revenue of USD 230.6 million in 2022 and is expected to reach USD 281.4 million by 2030.
- The UK market is expected to grow at a CAGR of 2.5% 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 230.6 million |
| Market revenue in 2030 | USD 281.4 million |
| Growth rate | 2.5% (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, UK accounted for 5.7% 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 Europe, UK thermal paper market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 260.7 million by 2030.
Point-of-sale was the largest segment with a revenue share of 64.4% in 2022. Horizon Databook has segmented the UK thermal paper market based on point-of-sale, tags & label, lottery & gaming covering the revenue growth of each sub-segment from 2018 to 2030.
Thermal paper market in the UK is anticipated to register moderate growth owing to the acceptance of thermal papers for their use in the retail and manufacturing industry applications. Point-of-sale and tag & label applications have contributed significantly to the growing thermal paper market.
Stringent regulations concerning the use of tags & labels to provide accurate product information have increased the penetration of thermal papers for specialized labels & tags. Food & beverage industry accounted for the largest consumption of labels & tags in the country in 2020.
Moreover, increasing use of tags & labels and growing manufacturing output in the country are expected to offer growth opportunities for the thermal paper market in the near future. The presence of leading manufacturers in the country has led to the development of advanced quality thermal papers in the form of rolls and sheets.
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Thermal Paper Market Scope
Thermal Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK thermal paper market size, by application, 2018-2030 (US$M)
UK Thermal Paper Market Outlook Share, 2022 & 2030 (US$M)
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