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Thermal Paper Market Size, Share & Growth Report, 2030

Thermal Paper Market Size, Share & Trends Report

Thermal Paper Market Size, Share & Trends Analysis Report By Application (POS, Tags & Label, Lottery & Gaming), By Region (Asia Pacific, North America, Middle East & Africa, Europe), And Segment Forecasts, 2024 - 2030

Report ID: 978-1-68038-690-5
Number of Report Pages: 108
Format: PDF, Horizon Databook

Historical Range: 2018 - 2023
Forecast Period: 2023 - 2030
Industry: Advanced Materials

Thermal Paper Market Size & Trends

The global thermal paper market size was estimated at USD 4.16 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2030. The product demand is expected to be driven by the rising use of POS terminals in warehouses and retail stores. A favorable business environment due to improved government policies and rising domestic consumption for pharmaceutical and food and beverage products in South Asian countries is expected to boost market growth. The presence of paper manufacturers in countries, such as China, is also expected to have a positive effect on the growth of the market.

U.S. Thermal Paper Market size and growth rate, 2023 - 2030

The market is expected to grow at a reduced rate due to the increasing digitalization of the transaction process, decreasing the need for printing at POS terminals. In addition, innovation in terms of internal substitution is also expected to hamper the growth of the industry. However, rising e-commerce usage is expected to boost the demand for thermal paper in the form of labels and tags. Thermal paper is expected to remain a preferred choice among buyers, particularly in warehouses, which are more prone to contamination caused to the labeling of their finished products on account of exhibiting the aforementioned properties.

Thermal paper can also be used to manufacture durable, secure, and high-performance RFID tags on account of providing enhanced performance in terms of durability and high thermal stability. The rising demand for RFID tags and labels is likely to propel the use of thermal paper on account of exhibiting properties, such as high durability and good temperature resistance. Expanding retail stores and chains in developing economies, such as India and China, is expected to positively impact the use of POS terminals, augmenting the growth of the market. In addition, government initiatives to boost the food and pharmaceutical industry in emerging economies are expected to boost the use of thermal paper in packaging and labeling end-uses.

The market has a strong presence of various raw material suppliers engaged in offering base paper to thermal paper manufacturers. The growing use of recycled fibers in manufacturing the base product is also expected to boost market growth. In addition, a significant level of integration across the value chain exists among major players where they manufacture and supply the end product to consumers via direct sales channels. Industry participants are continuously trying to improve their procurement practices through responsible sourcing and are proactively making changes in the supply chains.

Procurement initiatives are reviewed and resolved by a dedicated team when the sourcing needs are specified, the contract is drafted, and during the tendering process. In addition, industry participants have started obtaining data, such as financial stability and carbon emission, from various suppliers for the pre-qualification process. Standards set by the FDA in terms of labeling and packaging food are expected to positively impact the use of thermal papers, especially in e-commerce supply chains. However, the rising use of electronic receipts in monetary transactions and purchases is expected to hamper the industry growth.

Market Concentration & Characteristics

Market growth stage is medium, and pace of the market growth is accelerating. The market is characterized by the presence of a large number of global and regional players indicating moderately fragmented market. The players are opting for various strategies to strengthen their market position and gain competitive edge over its competitors.

Thermal Paper Market Concentration & Characteristics

Thermal paper market exhibits high degree of innovation as the market has witnessed significant advancements in technology. It is because thermal paper is essential for the retail and e-commerce industries. Thermal paper enables efficient and cost-effective printing. As such, it is considered an ideal choice for printing receipts, labels, and tickets.

Thermal paper market is also characterized by a high level of merger and acquisition (M&A) activity by the leading players. The larger companies have adopted various growth strategies, such as acquisitions, mergers, contracts, and agreements, to increase their market shares and enhance their product and service portfolios.

The market is subject to regulatory scrutiny. Several jurisdictions in the U.S. introduced bills to regulate BPA in consumer products, including bill HB 2076 in the state of Illinois (Safeguard 22/19), such as thermal paper. Furthermore, the governor of Illinois signed the HB 2076 bill (Public Act 101-0457) into law to regulate bisphenol A (BPA) in thermal paper.

Growing preference for e-receipts for purchase transactions is expected to pose a credible threat to the thermal paper manufacturers. Furthermore, the recent increase in thermal paper is expected to drive the adoption of alternative printing technologies. Therefore, the threat of substitutes is expected to remain moderate over the forecast period.

The thermal paper finds application in POS, labels, games, lotteries, and office supplies. The expansion of supermarkets in India, Brazil, and the Middle East, in light of new product launches by FMCG, pharmaceutical, and food & beverage manufacturers, is expected to increase the end-user concentration in the market.

Width Insights

80mm thermal paper was the largest segment in 2023 owing to its growing application in cash registers, parking tickets, receipt printers, and ATMs. Along with that, 57 mm width thermal paper also accounted for a significant market share in 2023, as they are widely used in credit card terminals and mobile POS devices.

Technology Insights

In terms of technology, the market is segmented into direct transfer, thermal transfer, and others. Direct transfer technology led the market in 2023 as it is majorly used for labels with a minimum life expectancy of six months or less, such as shipping labels, receipt labels, ticket labels, and perishable labels. Moreover, thermal transfer technology is expected to grow at a substantial growth rate owing to its use of wax-based or resin-based ribbons that are melted onto the printing medium to produce a high quality and durable labels.

Application Insights

The POS application segment dominated the global thermal market in 2023 with a revenue share of 64.2%. The increasing use of consumer goods has led to the expansion of retail stores across the globe, leading to a rise in demand for thermal paper in POS terminal transactions.

Thermal paper is used in various end uses such as retail stores, supermarkets, and warehouses, and in industrial and logistical end-uses such as packaging and labeling. In addition, the low cost of production due to factors such as inkless printing and easy maintenance of the printing equipment has augmented the end-user preference for thermal papers.

Thermal paper is preferred by users such as warehouses for labeling and tagging due to their preference for using RFID tags which are durable and secure compared to other tagging alternatives, which have propelled the use of thermal paper in tags and labels.

The expansion of leisure gaming activities, especially in economies where tourism plays an important role, is expected to boost the market for thermal paper. However, online ticketing platforms and services are expected to hamper the market growth for thermal paper in gaming in the forecast period. Thermal paper also finds application in printing lottery tickets, coinless slots, sportsbooks, and totes

Regional Insights

The Asia Pacific thermal paper market accounted for about 34.7% of the global revenue share in 2023 due to the expansion of retail chains in the region owing to the rising consumer preference for easily accessible consumer goods. Increasing consumer spending on apparel is further likely to offer growth opportunities to thermal paper market in India. Moreover, the increasing industrial activities in the region have led to a rise in demand for thermal paper labeling end-use.

The rising market for FMCG goods in developing economies has to lead an expansion in the production capacities for these goods. This has led to an increase in the number of transactions at retail stores. Such factors have led to a significant increase in demand for thermal paper for the production of labels, tags, and POS receipts, boosting the market for thermal paper.

Europe accounted for a significant share of the global market at 27.6% in 2023. The increasing adoption of thermal paper in the region in various end-uses such as supplement packaging and labeling and the gaming industry is expected to help the market growth in the region.

The rising focus on sustainable products in Europe is expected to affect the production and use of thermal paper in the region as manufacturers shift focus towards alternative production methods. In addition, the regulations set by governing bodies in Europe will help in the adoption of eco-friendly coatings such as powder and waterborne in the production of thermal paper.

Thermal Paper Market Trends by Region, 2023 - 2030

Central and South America are expected to witness significant growth over the forecast period due to the rising industrial activities in the region. In addition, increased industrial and manufacturing capacities in countries such as Chile and Peru will increase warehousing activities, thereby increasing the demand for thermal paper in labels and tags.

Key Companies & Market Share Insights

The industry exhibits a small number of players with an established global presence leading to high competitive rivalry in the industry. The key global thermal paper market players include Ricoh Company Ltd., Oji Holdings Corporation, Appvion Inc, Koehler Group, and Mitsubishi Paper Mills Limited, with strong localized production and distribution networks.

Key players are engaged in implementing various marketing strategies such as mergers & acquisitions and expansion of production capacities and product portfolios. For instance, Jujo Thermal Limited added new grades of products to its portfolio in 2019. This has benefitted the company in gaining a stronger market position, thereby, intensifying the market competition.

Major players have a strong local presence in the form of production units in various regions to support an efficient consumer supply chain. The high degree of forward and backward integration of dominant players persists in the global market, which has intensified the rivalry and competition, thus making an entry for new players difficult.

In March 2022, Oji Imaging Media Co. Ltd., a subsidiary of Oji Holdings Corporation announced its decision to expand the thermal paper production at KANZAN Spezialpapiere GmbH, in Germany. This would help them increase their production outputs and strengthen their position in the market.
In November 2022, Koehler Paper, a Germany based thermal paper manufacturer, increased its thermal papers prices by 8%. The increased price was applicable for the purchases held from 1^st February 2023. Furthermore, the reason given by the company for the raising thermal paper prices is the increasing development cost of chemicals, pulps, logistics and personnel.
In December 2021, Wynnchurch Capital, L.P. entered into an agreement to acquire majority of assets of Appvion Holding Corp. and its further subsidiaries. The agreement will ensure new investments in more resources and opportunity for further expansions.

Key Thermal Paper Companies:

Oji Holdings Corporation
Appvion Inc
Koehler Group
Mitsubishi Paper Mills Limited
Hansol Paper Co. Ltd.
Gold Huasheng Paper Co. Ltd.
Henan Province JiangHe Paper Co. Ltd.
Thermal Solutions International Inc.
Iconex LLC
Twin Rivers Paper Company
Rotolificio Bergamasco Srl
Jujo Thermal Limited

Thermal Paper Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 4.31 billion
Revenue forecast in 2030	USD 5.56 billion
Growth Rate	CAGR of 4.3% from 2024 to 2030
Historical data	2018 - 2023
Forecast period	2024 - 2030
Quantitative units	Volume in kilotons and revenue in USD billion and CAGR from 2024 to 2030
Report coverage	Volume & Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Width, Technology, Application, region
Regional scope	North America, Europe, Asia Pacific, Central & South America, MEA
Country scope	U.S.; Canada; Mexico; Germany; U.K.; France; Spain; Italy; Russia; China; India; Japan; South Korea; Australia; New Zealand; Brazil; Argentina; Saudi Arabia; UAE; Qatar; South Africa
Key companies profiled	Oji Holdings Corporation; Appvion Inc; Koehler Group; Mitsubishi Paper Mills Limited; Hansol Paper Co. Ltd.; Gold Huasheng Paper Co. Ltd.
Customization scope	Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options

Global Thermal Paper Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global thermal paper market report on the basis of width, technology, application, and region:

Global Thermal Paper Market Report Segmentation

Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
- 57mm
- 80mm
- Others
Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
- Direct Transfer
- Thermal Transfer
- Others
Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
- POS
- Tags & Label
- Lottery & Gaming
- Ticketing
- Medical
- Others
Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
- North America
  - U.S.
  - Canada
  - Mexico
- Europe
  - Germany
  - UK
  - France
  - Italy
  - Spain
  - Russia
- Asia Pacific
  - China
  - India
  - Japan
  - South Korea
  - Australia
  - New Zealand
- Central & South America
  - Brazil
  - Argentina
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - UAE
  - Qatar

Frequently Asked Questions About This Report

Who are the key players in the thermal paper market?

b. Some of the key players operating in the thermal paper market include Oji Holdings Corporation, Appvion Inc, Koehler Group, Mitsubishi Paper Mills Limited, Hansol Paper Co. Ltd., and Gold Huasheng Paper Co. Ltd.

What are the factors driving the thermal paper market?

b. The key factors that are driving the thermal paper market increasing usage of POS terminals for monetary transactions due to the expansion of e-commerce and packaging industry.

How big is the thermal paper market?

b. The global thermal paper market size was estimated at USD 4.01 billion in 2022 and is expected to reach USD 4.15 billion in 2023.

What is the thermal paper market growth?

b. The thermal paper market is expected to grow at a compound annual growth rate of 4.2% from 2023 to 2030 to reach USD 5.56 billion by 2030.

Which segment accounted for the largest thermal paper market share?

b. POS dominated the thermal paper market with a share of 64.3% in 2022 due to the expansion of retail chain stores in countries, resulting in increased monetary transactions.

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Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
2.4. Market Snapshot
2.5. Segmental Insights
2.6. Competitive Insights
Chapter 3. Thermal paper Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Thermal Paper Market - Value Chain Analysis
3.3. Raw Material Trends
3.3.1. Paper
3.3.2. Leuco Dye
3.3.3. Procurement Best Practices
3.4. Manufacturing Trends
3.4.1. Technology Trends
3.4.2. Cost Structure Analysis
3.4.3. Profit Margin Analysis
3.5. . Sales Channel Analysis
3.6. Vendor Selection Criteria
3.7. Technology Overview
3.7.1. Timeline
3.8. Regulatory Framework
3.9. Market Dynamics
3.9.1. Market Driver Analysis
3.9.1.1. Expansion of PoS Terminal Network
3.9.1.2. Growing Demand for Labels
3.9.2. Market Restraint Analysis
3.9.2.1. Emergence of Alternative Transaction Methods
3.9.3. Industry Challenges
3.10. Business Environment Analysis: Thermal Paper Market
3.10.1. Industry Analysis - Porter’s
3.10.1.1. Supplier Power
3.10.1.2. Buyer Power
3.10.1.3. Threat of Substitution
3.10.1.4. Threat from New Entrants
3.10.1.5. Competitive Rivalry
3.10.2. PESTEL Analysis
3.10.2.1. Political Landscape
3.10.2.2. Environmental Landscape
3.10.2.3. Social Landscape
3.10.2.4. Technology Landscape
3.10.2.5. Economic Landscape
3.10.2.6. Legal Landscape
3.10.3. Market Entry Strategy
Chapter 4. Thermal paper Market: Width Estimates & Trend Analysis
4.1. Thermal paper Market: Width Movement Analysis, 2023 & 2030
4.2. 57mm
4.2.1. Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.3. 80mm
4.3.1. Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.4. Others
4.4.1. Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Thermal paper Market: Technology Estimates & Trend Analysis
5.1. Thermal paper Market: Product Movement Analysis, 2023 & 2030
5.2. Direct Transfer
5.2.1. Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3. Thermal Transfer
5.3.1. Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4. Others
5.4.1. Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Thermal paper Market: Application Estimates & Trend Analysis
6.1. Thermal paper Market: Product Movement Analysis, 2023 & 2030
6.2. Point-of-Sale(POS)
6.2.1. Thermal paper market estimates and forecasts, in POS Application, 2018 - 2030 (Kilotons) (USD Million)
6.3. Tags & Label
6.3.1. Thermal paper market estimates and forecasts, in Tags & Label Application, 2018 - 2030 (Kilotons) (USD Million)
6.4. Lottery & Gaming
6.4.1. Thermal paper market estimates and forecasts, in Lottery & Gaming Application, 2018 - 2030 (Kilotons) (USD Million)
6.5. Ticketing
6.5.1. Thermal paper market estimates and forecasts, in Lottery & Gaming Application, 2018 - 2030 (Kilotons) (USD Million)
6.6. Medical
6.6.1. Thermal paper market estimates and forecasts, in Lottery & Gaming Application, 2018 - 2030 (Kilotons) (USD Million)
6.7. Others
6.7.1. Thermal paper market estimates and forecasts, in Other Applications, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Thermal paper Market: Regional Estimates & Trend Analysis
7.1. Thermal paper Market: Regional Movement Analysis, 2023 & 2030
7.2. North America
7.2.1. North America thermal paper market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
7.2.2. North America thermal paper market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.2.3. North America thermal paper market estimates and forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.2.4. North America thermal paper market estimates and forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.2.5.2. U.S. thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.2.5.3. U.S. thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.2.5.4. U.S. thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.2.6. Canada
7.2.6.1. Canada thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.2.6.2. Canada thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.2.6.3. Canada thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.2.6.4. Canada thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.2.7. Mexico
7.2.7.1. Mexico thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.2.7.2. Mexico thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.2.7.3. Mexico thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.2.7.4. Mexico thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.3. Europe
7.3.1. Europe thermal paper market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
7.3.2. Europe thermal paper market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.3.3. Europe thermal paper market estimates and forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.3.4. Europe thermal paper market estimates and forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.3.5. Germany
7.3.5.1. Germany thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.3.5.2. Germany thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.3.5.3. Germany thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.3.5.4. Germany thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.3.6. UK
7.3.6.1. UK thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.3.6.2. UK thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.3.6.3. UK thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.3.6.4. UK thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.3.7. France
7.3.7.1. France thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.3.7.2. France thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.3.7.3. France thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.3.7.4. France thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.3.8. Italy
7.3.8.1. Italy thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.3.8.2. Italy thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.3.8.3. Italy thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.3.8.4. Italy thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.3.9. Spain
7.3.9.1. Spain thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.3.9.2. Spain thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.3.9.3. Spain thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.3.9.4. Spain thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.3.10. Russia
7.3.10.1. Russia thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.3.10.2. Russia thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.3.10.3. Russia thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.3.10.4. Russia thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.4. Asia Pacific
7.4.1. Asia Pacific thermal paper market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
7.4.2. Asia Pacific thermal paper market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.4.3. Asia Pacific thermal paper market estimates and forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.4.4. Asia Pacific thermal paper market estimates and forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.4.5. China
7.4.5.1. China thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.4.5.2. China thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.4.5.3. China thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.4.5.4. China thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.4.6. India
7.4.6.1. India thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.4.6.2. India thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.4.6.3. India thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.4.6.4. India thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.4.7. Japan
7.4.7.1. Japan thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.4.7.2. Japan thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.4.7.3. Japan thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.4.7.4. Japan thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.4.8. South Korea
7.4.8.1. South Korea thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.4.8.2. South Korea thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.4.8.3. South Korea thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.4.8.4. South Korea thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.4.9. Australia
7.4.9.1. Australia thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.4.9.2. Australia thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.4.9.3. Australia thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.4.9.4. Australia thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.4.10. New Zealand
7.4.10.1. New Zealand thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.4.10.2. New Zealand thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.4.10.3. New Zealand thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.4.10.4. New Zealand thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.5. Central & South America
7.5.1. Central & South America thermal paper market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
7.5.2. Central & South America thermal paper market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.5.3. Central & South America thermal paper market estimates and forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.5.4. Central & South America thermal paper market estimates and forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.5.5. Brazil
7.5.5.1. Brazil thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.5.5.2. Brazil thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.5.5.3. Brazil thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.5.5.4. Brazil thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.5.6. Argentina
7.5.6.1. Argentina thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.5.6.2. Argentina thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.5.6.3. Argentina thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.5.6.4. Argentina thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.6. Middle East & Africa
7.6.1. Middle East & Africa thermal paper market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
7.6.2. Middle East & Africa thermal paper market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.6.3. Middle East & Africa thermal paper market estimates and forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.6.4. Middle East & Africa thermal paper market estimates and forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.6.5. Saudi Arabia
7.6.5.1. Saudi Arabia thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.6.5.2. Saudi Arabia thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.6.5.3. Saudi Arabia thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.6.5.4. Saudi Arabia thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.6.6. UAE
7.6.6.1. UAE thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.6.6.2. UAE thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.6.6.3. UAE thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.6.6.4. UAE thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.6.7. Qatar
7.6.7.1. Qatar thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.6.7.2. Qatar thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.6.7.3. Qatar thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.6.7.4. Qatar thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
7.6.8. South Africa
7.6.8.1. South Africa thermal paper market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
7.6.8.2. South Africa thermal paper market estimates & forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
7.6.8.3. South Africa thermal paper market estimates & forecast, by width, 2018 - 2030 (Kilotons) (USD Million)
7.6.8.4. South Africa thermal paper market estimates & forecast, by technology, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8. Competitive Landscape
8.1. Key Global Players & Recent Developments & Their Impact on the Industry
8.2. Key Innovators, Market Leaders, and Emerging Players
8.3. Vendor Landscape
8.3.1. List of Key Distributors & Channel Partners
8.3.2. Key End-users & Converters
8.4. Public Companies
8.4.1. Company Market Positioning Analysis
8.4.2. Company Ranking Analysis
8.4.3. Competitive Dashboard Analysis
8.4.4. Market Differentiators
8.4.5. Synergy Analysis
8.4.6. SWOT Analysis
8.5. Private Companies
8.5.1. List of Key Emerging Players and Their Geographical Presence
8.5.2. Company Market Position Analysis
Chapter 9. Company Profiles
9.1. Ricoh Company Ltd.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.2. Oji Holdings Corporation
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Appvion Inc
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.4. Koehler Group
9.4.1. Company Overview
9.4.2. Product Benchmarking
9.5. Mitsubishi Paper Mills (MPM) Limited
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.6. Hansol Paper Co. Ltd.
9.6.1. Company Overview
9.6.2. Product Benchmarking
9.6.3. Strategic Initiatives
9.7. Gold Huasheng Paper Co. Ltd.
9.7.1. Company Overview
9.7.2. Product Benchmarking
9.8. Henan Province JiangHe Paper Co. Ltd.
9.8.1. Company Overview
9.8.2. Product Benchmarking
9.9. Thermal Solutions International Inc. (TSI)
9.9.1. Company Overview
9.9.2. Product Benchmarking
9.10. Jujo Thermal Limited
9.10.1. Company Overview
9.10.2. Product Benchmarking
9.10.3. Strategic Initiatives
9.11. Rotolificio Bergamasco Srl
9.11.1. Company Overview
9.11.2. Product Benchmarking
9.12. NAKAGAWA Manufacturing (USA), Inc
9.12.1. Company Overview
9.12.2. Product Benchmarking
9.13. Twin Rivers Paper Company
9.13.1. Company Overview
9.13.2. Product Benchmarking
9.14. Iconex LLC
9.14.1. Company Overview
9.14.2. Product Benchmarking
9.14.3. Strategic Initiatives

List of Tables

Table 1 Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 2 Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 3 Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 4 Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 5 Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
Table 6 Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 7 North America Thermal paper market estimates and forecasts, 2018 - 2030 (USD Million)
Table 8 North America Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 9 North America Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 10 North America Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 11 North America Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 12 North America Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 13 North America Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 14 U.S. Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 15 U.S. Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 16 U.S. Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 17 U.S. Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 18 U.S. Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 19 U.S. Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 20 U.S. Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 21 Canada. Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 22 Canada Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 23 Canada Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 24 Canada Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 25 Canada Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 26 Canada Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 27 Canada Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 28 Mexico. Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 29 Mexico Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 30 Mexico Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 31 Mexico Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 32 Mexico Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 33 Mexico Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 34 Mexico Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 35 Europe Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 36 Europe Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 37 Europe Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 38 Europe Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 39 Europe Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 40 Europe Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 41 Europe Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 42 Germany Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 43 Germany Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 44 Germany Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 45 Germany Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 46 Germany Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 47 Germany Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 48 Germany Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 49 UK Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 50 UK Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 51 UK Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 52 UK Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 53 UK Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 54 UK Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 55 UK Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 56 France Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 57 France Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 58 France Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 59 France Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 60 France Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 61 France Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 62 France Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 63 Italy Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 64 Italy Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 65 Italy Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 66 Italy Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 67 Italy Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 68 Italy Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 69 Italy Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 70 Spain Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 71 Spain Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 72 Spain Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 73 Spain Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 74 Spain Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 75 Spain Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 76 Spain Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 77 Russia Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 78 Russia Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 79 Russia Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 80 Russia Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 81 Russia Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 82 Russia Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 83 Russia Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 84 Asia Pacific Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 85 Asia Pacific Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 86 Asia Pacific Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 87 Asia Pacific Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 88 Asia Pacific Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 89 Asia Pacific Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 90 Asia Pacific Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 91 China Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 92 China Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 93 China Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 94 China Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 95 China Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 96 China Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 97 China Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 98 India Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 99 India Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 100 India Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 101 India Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 102 India Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 103 India Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 104 India Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 105 Japan Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 106 Japan Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 107 Japan Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 108 Japan Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 109 Japan Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 110 Japan Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 111 Japan Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 112 South Korea Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 113 South Korea Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 114 South Korea Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 115 South Korea Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 116 South Korea Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 117 South Korea Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 118 South Korea Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 119 Australia Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 120 Australia Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 121 Australia Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 122 Australia Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 123 Australia Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 124 Australia Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 125 Australia Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 126 New Zealand Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 127 New Zealand Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 128 New Zealand Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 129 New Zealand Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 130 New Zealand Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 131 New Zealand Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 132 New Zealand Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 133 Central & South America Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 134 Central & South America Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 135 Central & South America Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 136 Central & South America Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 137 Central & South America Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 138 Central & South America Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 139 Central & South America Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 140 Brazil Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 141 Brazil Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 142 Brazil Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 143 Brazil Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 144 Brazil Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 145 Brazil Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 146 Brazil Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 147 Argentina Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 148 Argentina Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 149 Argentina Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 150 Argentina Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 151 Argentina Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 152 Argentina Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 153 Argentina Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 154 Middle East & Africa Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 155 Middle East & Africa Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 156 Middle East & Africa Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 157 Middle East & Africa Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 158 Middle East & Africa Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 159 Middle East & Africa Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 160 Middle East & Africa
Table 161 Saudi Arabia Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 162 Saudi Arabia Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 163 Saudi Arabia Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 164 Saudi Arabia Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 165 Saudi Arabia Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 166 Saudi Arabia Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 167 Saudi Arabia Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 168 UAE Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 169 UAE Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 170 UAE Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 171 UAE Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 172 UAE Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 173 UAE Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 174 UAE Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 175 Qatar Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 176 Qatar Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 177 Qatar Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 178 Qatar Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 179 Qatar Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 180 Qatar Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 181 Qatar Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
Table 182 South Africa Thermal paper market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 183 South Africa Thermal paper market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 184 South Africa Thermal paper market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 185 South Africa Thermal paper market estimates and forecasts, by width, 2018 - 2030 (Kilotons)
Table 186 South Africa Thermal paper market estimates and forecasts, by width, 2018 - 2030 (USD Million)
Table 187 South Africa Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (Kilotons)
Table 188 South Africa Thermal paper market estimates and forecasts, by technology, 2018 - 2030 (USD Million)

List of Figures

Fig. 1 Information Procurement
Fig. 2 Primary Research Pattern
Fig. 3 Primary Research Process
Fig. 4 Market Research Approaches - Bottom-Up Approach
Fig. 5 Market Research Approaches - Top Down Approach
Fig. 6 Market Research Approaches - Combined Approach
Fig. 7 Market Snapshot
Fig. 8 Segment Insights
Fig. 9 Competitive Insights
Fig. 10 Penetration and Growth Prospect Mapping
Fig. 11 Thermal paper Market: Value Chain Analysis
Fig. 12 Supplier Selection Criteria: Lean and Agile Strategy
Fig. 13 Thermal paper Market: Market Dynamics
Fig. 14.Thermal paper Market: market driver impact analysis
Fig. 15.Thermal paper Market: market restraint impact analysis
Fig. 16 Thermal paper Market: Application Movement Analysis, 2023 & 2030
Fig. 17 Thermal paper Market: Regional Movement Analysis, 2023 & 2030
Fig. 18 Thermal paper Market: Competitive Dashboard Analysis
Fig. 19 SWOT Analysis

Market Segmentation

Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
- 57mm
- 80mm
- Others
Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
- Direct Transfer
- Thermal Transfer
- Others
Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
- POS
- Tags & Label
- Lottery & Gaming
- Ticketing
- Medical
- Others
Thermal paper Market Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
- North America
  - North America Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    - 57mm
    - 80mm
    - Others
  - North America Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    - Direct Transfer
    - Thermal Transfer
    - Others
  - North America Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    - POS
    - Tags & Label
    - Lottery & Gaming
    - Ticketing
    - Medical
    - Others
  - U.S.
    - U.S. Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - U.S. Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - U.S. Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - Canada
    - Canada Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - Canada Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - Canada Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - Mexico
    - Mexico Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - Mexico Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - Mexico Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
- Europe
  - Europe Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    - 57mm
    - 80mm
    - Others
  - Europe Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    - Direct Transfer
    - Thermal Transfer
    - Others
  - Europe Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    - POS
    - Tags & Label
    - Lottery & Gaming
    - Ticketing
    - Medical
    - Others
  - Germany
    - Germany Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - Germany Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - Germany Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - UK
    - UK Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - UK Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - UK Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - France
    - France Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - France Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - France Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - Italy
    - Italy Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - Italy Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - Italy Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - Spain
    - Spain Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - Spain Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - Spain Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - Russia
    - Russia Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - Russia Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - Russia Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
- Asia Pacific
  - Asia Pacific Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    - 57mm
    - 80mm
    - Others
  - Asia Pacific Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    - Direct Transfer
    - Thermal Transfer
    - Others
  - Asia Pacific Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    - POS
    - Tags & Label
    - Lottery & Gaming
    - Ticketing
    - Medical
    - Others
  - China
    - China Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - China Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - China Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - India
    - India Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - India Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - India Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - Japan
    - Japan Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - Japan Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - Japan Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - South Korea
    - South Korea Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - South Korea Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - South Korea Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - Australia
    - Australia Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - Australia Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - Australia Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - New Zealand
    - New Zealand Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - New Zealand Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - New Zealand Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
- Central & South America
  - Central & South America Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    - 57mm
    - 80mm
    - Others
  - Central & South America Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    - Direct Transfer
    - Thermal Transfer
    - Others
  - Central & South America Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    - POS
    - Tags & Label
    - Lottery & Gaming
    - Ticketing
    - Medical
    - Others
  - Brazil
    - Brazil Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - Brazil Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - Brazil Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - Argentina
    - Argentina Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - Argentina Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - Argentina Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
- Middle East & Africa
  - Middle East & Africa Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    - 57mm
    - 80mm
    - Others
  - Middle East & Africa Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    - Direct Transfer
    - Thermal Transfer
    - Others
  - Middle East & Africa Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    - POS
    - Tags & Label
    - Lottery & Gaming
    - Ticketing
    - Medical
    - Others
  - Saudi Arabia
    - Saudi Arabia Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - Saudi Arabia Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - Saudi Arabia Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - UAE
    - UAE Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - UAE Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - UAE Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - Qatar
    - Qatar Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - Qatar Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - Qatar Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others
  - South Africa
    - South Africa Thermal Paper Market Width Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - 57mm
      - 80mm
      - Others
    - South Africa Thermal Paper Market Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - Direct Transfer
      - Thermal Transfer
      - Others
    - South Africa Thermal Paper Market Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
      - POS
      - Tags & Label
      - Lottery & Gaming
      - Ticketing
      - Medical
      - Others

Thermal Paper Market Dynamics

Drivers: Expansion Of Pos Terminal Network

Thermal paper is commonly used in POS (Point of Sale) terminals because it provides excellent barcode scanning, moisture resistance, and high-temperature stability. POS terminals utilize thermal paper for transactions in various industries, including retail, hospital, entertainment, and warehouse, owing to its ability to last longer than conventional printed paper. The expansion of the POS terminals market is expected to play a crucial role in driving thermal paper demand shortly. Global PoS market revenue was USD 60.3 billion in 2019. The market has witnessed considerable growth in recent years owing to the ease of use and improved returns on investment offered by these systems. Advanced PoS systems provide higher durability and reliability than their traditional counterparts, such as cash registers. This has significantly reduced the total cost of ownership (TCO), increasing PoS terminal market demand in small and medium-sized businesses (SMBs). The introduction of chip-embedded payment cards and personal identification numbers (PINs) has minimized security concerns pertaining to sensitive data theft, which is expected to augment PoS terminal's market growth. A positive market outlook towards PoS terminals on a global level is expected to fuel the demand for thermal paper in retail, healthcare, pharmaceutical, and warehouse applications shortly.

Growing Demand For Labels

Thermal paper is commonly used to label barcodes in various industries such as food and beverage, pharmaceutical, automotive, and aerospace. The main objective of using thermal paper for label manufacturing is to provide reliable thermal stability and high-quality barcode contrast at high printing speeds. Moreover, thermal paper reduces the fading of tags and labels during exposure to ultraviolet light, water, grease, and other external contaminants.

Thermal paper is expected to remain a favorable choice among buyers, particularly in warehouses, which are more prone to the contamination caused by labeling their finished products because they exhibit the properties above. Thermal paper can also be used to manufacture durable, secure, high-performance RFID tags for enhanced durability and high thermal stability. Rising demand for RFID tags and labels is likely to propel the use of thermal paper on account of exhibiting properties such as high durability and good temperature resistance.

Restraints: Emergence Of Alternative Transaction Methods

E-commerce can be defined as electronically conducted commercial transactions through the Internet about the buying and selling of goods and services. Data exchange, informational and monetary related, is also included as a part of e-commerce. E-commerce includes online goods and services (software, e-books, media streaming), retail services (ordering food, travel, mail deliveries), marketplace services (e-wallet, comparison shopping) and customer support (help desks, live support). It can also be classified on the nature of the dealing parties: B2B, B2C, C2B and C2C or their distribution channels: pure click, brick-&-click or click-to-brick. Financial services, digital content, travel and leisure, e-tailing, and other online services constitute various e-commerce options available to the internet-accessing customer base that are gathering momentum with increased internet use. The e-commerce platform is preferred by companies to conduct business without having a physical presence, thus reducing infrastructure, communication, and other related overhead costs and speeding up transactions by eliminating many unnecessary intermediaries. Increasing Smartphone and internet use is expected to serve as a critical driver for the e-commerce market. In addition, the emergence of cloud computing has also positively impacted market growth. Cloud platform offers the required operational agility and scalability for B2B integration, and there exist many types of public and private cloud computing options, including Network as a Service (NaaS), Data as a Service (Daas), Storage as a Service (STaas), and Back-end as a Service (BaaS). Therefore, the emergence of e-commerce platforms for monetary transactions is expected to reduce the use of retail selling through PoS terminals, which is scheduled to play a crucial role in restraining thermal paper market growth shortly.

What Does This Report Include?

This section will provide insights into the contents included in this thermal paper market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Thermal paper market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Thermal paper market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

Research Methodology

A three-pronged approach was followed for deducing the thermal paper market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for thermal paper market to gather the most reliable and current information possible.

We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of thermal paper market data depending on the type of information we’re trying to uncover in our research.

Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Thermal Paper Market Categorization:

The thermal paper market was categorized into two segments, namely application (POS, Tags & Label, Lottery & Gaming), and region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The thermal paper market was segmented into application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The thermal paper market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eleven countries, namely, the U.S.; Canada; Mexico; Germany; the UK.; France; China; India; Japan; Brazil; Saudi Arabia.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Thermal paper market companies & financials:

The thermal paper market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

Ricoh Company, Ltd. , Ricoh Company, Ltd. was established in 1936 and is headquartered in Tokyo, Japan. The company is engaged in business domains such as office printing, office service, commercial printing, industrial printing, thermal media, and others such as optical equipment, electronic components, digital & industrial cameras, and 3D printing. It operates globally with 220 consolidated companies and regional headquarters in Malvern, U.S.; London, UK; and Singapore. In the U.S., the company caters to several application industries including healthcare, financial services, higher education, manufacturing, legal, retail, insurance, life science & pharmaceuticals, energy & utilities, and commercial printing & graphic communication as well as the federal, state, and local governments. Whereas, in Germany, it offers its products and services to healthcare, financial services, higher education, and the government. In addition to the above-mentioned application industries, it also caters to manufacturing applications in Italy.
Oji Holdings Corporation ,Oji Holdings Corporation was established in 1949 and is headquartered in Tokyo, Japan. The company operates in pulp & paper industry. Major business lines of the company include industrial materials, household & consumer products, functional materials, forest resources, and environment marketing, printing & communications media, and others such as engineering, real estate, logistics, and trading. As of 2018, the company had over 36,000 employees. It began its overseas operations in 1970 and catered its products and services to Asia, Oceania, the Americas, and Europe. Industrial materials offered by the company include corrugated containers, containerboards, boxboards & folding cartons, paper bags, and packaging papers. Household and consumer products offered by the company consist of toilet tissue, wet wipes, paper diapers, and tissue papers. It provides functional materials such as specialty paper, adhesive products, films, and thermal paper. Moreover, the company offers services related to pulp, energy, lumber, and plantation. For printing & communication applications, it offers printing and publication papers and newsprints. The company utilizes renewable energy sources, including hydropower, solar power, and biomass, for its production process.
Appvion, Inc. , Appvion, Inc. was founded in 1907 and is headquartered in Wisconsin, U.S. The company is engaged in the production and supply of high-quality papers and films. It has coating and converting facilities in Wisconsin and Ohio and operates an integrated pulp and paper mill located in Pennsylvania, U.S. The company began the production of thermal paper in 1963 and achieved the ISO 9002 certification for the production in 1992. In 2006, it started manufacturing thermal paper without bisphenol A (BPA) and has been using vitamin C since 2014. Major brands associated with the company include Appleton Coated, Appleton, Appleton Papers Inc., Appleton Papers. The company produces thermal papers for labels, films, gaming, ticket & tag, medical, point of sale, clean slate, and Triumph digital thermal media. In addition, it offers a range of water-based specialty coatings and application technologies. Moreover, Appvion, Inc. also offers an extensive line of FDA coatings. The company is also engaged in the production of carbonless, thermal, inkjet, digital specialty, security, and colored papers. It offers direct thermal label products used for barcode applications requiring chemical, resistance, and environmental properties. Appvion, Inc., formerly known as Appleton Papers, changed its name in 2013. Appvion, Inc. reflects the company’s heritage of innovation in applying chemistry to paper and microencapsulation.
Koehler Group , Koehler Group was established in 1807 and is headquartered in Oberkirch, Germany. The company is engaged in the production and supply of paper products. It operates through four manufacturing facilities: Greiz, Weisenbach, Oberkirch, and Kehl. The company’s subsidiaries are Papierfabrik August Koehler SE, Koehler Kehl GmbH, Koehler Greiz GmbH & Co. KG, and Katz GmbH & Co. KG. It consists of three entities Koehler Energy Group, Koehler Innovative Solutions, and the KATZ Group. The annual production capacity of the company is more than 500,000 tons. It offers its products in various regions including Europe, the Americas, Africa, and Asia & Australia. The facility located at Kehl is installed with ultra-modern machinery that produces thermal paper and décor paper. Two dedicated pieces of machinery are engaged in the production of thermal paper in this facility.
Mitsubishi Paper Mills (MPM) Limited ,Mitsubishi Paper Mills (MPM) Limited was established in 1898 and is headquartered in Tokyo, Japan. The company processes, produces, and sells products, including photosensitive materials, pulp, and paper. It manufactures and develops printing plate materials, paper, and printing systems supporting offset and other printing processes. The company's primary production facilities and R&D centers are located in Japan and Germany. The company's sales network covers regions such as the U.S., Japan, and Germany. The production facilities in Japan are in Takasago, Kyoto, Hachinohe, Shirakawa, Kitakami, and Shizuoka. The production facilities in Germany are located in Bielefeld and Flensburg. Moreover, it has facilities in China and Mexico that produce paper products. It supplies recording format media, including thermal, pressure-sensitive, electrographic, magnetic, inkjet, and silver halide photography papers. The products and services offered by the company include graphic art materials, photographic materials, inkjet media, thermos memory, thermos rewrite, battery separator, air filters, production inkjet paper, electronics-related products, sign & display units, and healthcare & amenity services. It offers thermal recording papers that can be rewritten several times and are used with magnetic media. These papers are applied to tapes, sheets, and labels and find major applications in the creation of identity cards, access control cards, loyalty cards, and industrial uses.
Hansol Paper Co., Ltd. , Hansol Paper Co., Ltd. was established in 1965 as Saehan Paper Co., Ltd and changed its name to Hansol Paper Co., Ltd. in 1992. It operates as a subsidiary of Hansol Holdings and has associated subsidiaries such as Hansol Denmark ApS, Schades A/S, Hansol Artone Paper, and R+S Group GmbH. The company produces and supplies high-quality paper products, including carton board, writing, specialty, and thermal papers. It has a sales network in the UK, France, the Netherlands, Finland, Sweden, Belgium, China, South Korea, and the U.S. The business portfolio of the company includes printing & writing paper, carton board, specialty paper, and thermal paper. The thermal papers offered by the company are widely used in applications such as POS, labels, gaming, and tickets and tags.
Gold Huasheng Paper Co., Ltd. , Gold Huasheng Paper Co., Ltd. was established in 1996 and is headquartered in Shanghai, China. The company produces and supplies papers across major North America, Asia, Oceania, and Europe economies. The company's annual production capacity is more than 1 million tons, and it produces office papers, carbonless papers, and coated & uncoated wood-free papers adhering to international standards. The product portfolio offered by the company includes thermal paper, carbonless papers, and coated & uncoated papers. Thermal papers the company offers under Thermatec are used in applications such as POS, fax, printing operations, and labeling.
Henan Province JiangHe Paper Co., Ltd. , Henan Province JiangHe Paper Co., Ltd. was founded in 2002 and is headquartered in Henan, China. The company is engaged in producing and supplying carbonless and thermal papers. It mainly exports paper products to overseas markets. The annual production capacity of the company is over 450,000 million tons. Major brands associated with the company include JHE Carbonless, NBNCR Carbonless, JHE plus Carbonless, JH-Image, and JHT Paper. It produces thermal and carbonless paper from 100% wood pulp under a certified system (ISO 9000:2000). Subsidiaries associated with the company include Henan Nanbei Paper, Henan DaZhi Paper Machinery, JiangHE Bio-Energy Company, and Wuzhi Guangyuan Paper. The company's product portfolio includes hi-bulk publishing paper, carbonless paper, highquality thermal paper for fax, POS, ATM & printed thermal paper rolls, security papers, release line base paper, glassine base paper, thin printing paper, and bond papers.
Thermal Solutions International, Inc. (TSI) , Thermal Solutions International, Inc. (TSI) was established in 2001 and is headquartered in Jacksonville, Florida, U.S. The company is engaged in producing and supplying imaging and labeling products. Major applications served by the company include manufacturing, distribution, retail, airlines, industrial, and healthcare. The company's paper products are used in commercial and industrial applications in over 25 countries across the globe. Its distribution centers and sales offices are located across North America. It offers services such as account management, inventory management, warehousing and distribution, and consulting. The company's product portfolio includes labels, paper rolls and thermal tickets, and printer inks. The company's label products are point-of-sale labels, GHS labels, inkjet labels, variable data labels, thermal labels, and sheeted laser and inkjet labels. Paper rolls offered by the company include small thermal, bond & carbonless rolls, recycled thermal paper, jumbo thermal paper rolls, and thermal tickets. It provides printer inks such as inkjet cartridges, thermal transfer ribbons, dot matrix printer ribbons, and laser toner cartridges.
Jujo Thermal Limited , Jujo Thermal Limited was established in 1992 and is headquartered in Kauttua, Finland. The company is a Nippon Paper Industries Co., Ltd. subsidiary and manufactures one-side coated and self-adhesive label face stock. In addition, it operates as a supplier of thermal papers used in tags and tickets, labels, medical charts, and point-of-sales. The company offers a range of thermal papers, including non-phenol and non-BPA thermal papers. It provides various services such as chemical analysis, process analysis, study of paper converting, related issues, and research on printability. The company's technical service is linked with the central research facilities of Nippon Paper Industries, located in Tokyo, Japan. Every phase of the paper-making and converting process is simulated in Nippon Paper Industries before it is performed in Jujo Thermal Limited.

Value chain-based sizing & forecasting

Supply Side Estimates

Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
revenue/volume
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis

Thermal Paper Market Report Objectives:

Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Thermal Paper Market Report Assumptions:

The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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