U.S. Thermal Paper Market Size & Outlook, 2022-2030
U.S. thermal paper market, 2018-2030 (US$M)
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U.S. thermal paper market highlights
- The U.S. thermal paper market generated a revenue of USD 894.6 million in 2022 and is expected to reach USD 1,152.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.2% 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 894.6 million |
| Market revenue in 2030 | USD 1,152.3 million |
| Growth rate | 3.2% (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, U.S. accounted for 22.3% 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 North America, U.S. thermal paper market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 137.6 million by 2030.
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Thermal Paper Market Scope
Thermal Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. thermal paper market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to thermal paper market will help companies and investors design strategic landscapes.
Point-of-sale was the largest segment with a revenue share of 64.22% in 2022. Horizon Databook has segmented the U.S. thermal paper market based on point-of-sale, tags & label, lottery & gaming covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. thermal paper market has witnessed an ascending growth in the past few years and is anticipated to advance at a volume CAGR of 3.1% over the forecast period. The growing retail sector coupled with rising trend for instant billing in malls and shopping centers has driven the demand for thermal papers.
Moreover, tagging and labeling of produced goods in the country is likely to increase the demand for thermal papers over the forecast period. The U.S. EPA imposed numerous regulations aimed at reducing deforestation at the domestic level on account of rising concerns over air pollution.
This is expected to reduce the supply of base paper for thermal paper manufacturers. The high prevalence of cinema theatres in the U.S. is expected to promote the demand for POS terminals, thereby augmenting the growth of thermal paper market in the country in the near future.
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Target buyers of U.S. thermal paper market databook
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Our clientele includes a mix of thermal paper market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. thermal paper market , including forecasts for subscribers. This country databook contains high-level insights into U.S. thermal paper market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. thermal paper market size, by application, 2018-2030 (US$M)
U.S. Thermal Paper Market Outlook Share, 2022 & 2030 (US$M)
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