Authored By: Sarah
29 Oct 2024

growing preference for cashless transactions is driving the Thermal Paper Market

Latest News:- Thermal Paper Market: PoS is expected to lead the Application segment during 2024-2028

Technavio analyzes that the Thermal Paper Market is expected to grow at a CAGR of 3.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 909.2 million.There are various factors that contribute to the growth of the market. The Thermal Paper Market is experiencing significant growth due to the increasing trend towards cashless transactions. As more businesses adopt digital payment systems, the demand for thermal paper for receipt printing is on the rise. This shift towards electronic transactions is driven by convenience, security, and contactless payment options, making thermal paper an essential component in the retail and financial sectors. The preference for cashless transactions is expected to continue, further boosting the market growth for thermal paper.

In the business realm, Point of Sale (PoS) systems are essential for recording transactions and generating receipts in various industries, including grocery chains, restaurants, and retail outlets. These PoS receipts are primarily produced using thermal paper, which enables direct heat transfer, ensuring high-quality printing with excellent color retention and a durable surface. Thermal paper receipts offer versatile features such as imaging on both sides, graphics, barcodes, and logo imprints, catering to the needs of flexographic and ultraviolet (UV) lithography printing. Renowned vendors provide eco-friendly thermal paper options, including recycled and renewable processes, to meet the growing demand for sustainability in business operations. PoS receipts, encompassing grocery receipts, restaurant receipts, and parking receipts, are generated through PoS systems upon completion of transactions using debit cards, credit cards, gift cards, e-wallets, and other payment methods. 

Know which region is leading the market growth by requesting a sample report

Thermal Paper Market Segmentation

  • Application
    • PoS
    • Tags and labels
    • Lottery and gaming
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • Middle East and Africa

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

  • Appvion Operations Inc.
  • Domtar Corp.
  • Guangdong Guanhao High-tech Co., Ltd.
  • Hansol Paper Ltd.
  • Henan JiangHE Paper Co. Ltd.
  • Iconex LLC
  • Kanzaki Specialty Papers Inc.
  • Koehler Paper SE
  • Mitsubishi Paper Mills Ltd.
  • Nakagawa Manufacturing (USA), Inc
  • Nippon Paper Industries Co. Ltd.
  • Oji Holdings Corp.
  • PG Paper Co. Ltd.
  • Ricoh Co. Ltd.
  • Rotolificio Bergamasco Srl
  • Shandong Chenming Paper Group Co., Ltd.
  • Shandong Ultra Paper Co. Ltd.
  • Telemark Corp
  • Thermal Solutions International Inc.
  • Torraspapel S.A.

Find out what is trending in the market by accessing the free PDF report

Research Analysis Overview

The Thermal Paper Market encompasses the production and sale of thermal paper for various applications, including Point of Sale (POS) terminals in retail stores, warehouses, and logistics, as well as in e-commerce for labels and tags, RFID tags, and direct heat solutions. Paper manufacturers produce thermal paper for labeling processes in retail chains, grocery chains, and inventory systems. Applications include tickets, healthcare, educational materials, packaged food, retail industries, and thermal printing for cash register receipts, using both direct thermal and thermal transfer methods. Eco-friendly and renewable processes, as well as recycled thermal paper, are gaining popularity in response to environmental concerns.

Market Research Overview

In the expansive global paper products market, key players include manufacturers of thermal paper for various applications such as POS terminals, warehouses, retail stores, and e-commerce platforms. The market's size is determined by Technavio based on the consolidated revenue generated by these manufacturers. Factors fueling market growth include the increasing demand for thermal paper in labeling and tagging, RFID tags, and e-receipts. Retail chains are a significant consumer base, with thermal stability ensuring product durability. Additionally, the adoption of recycled fibers in paper production aligns with sustainability initiatives. E-commerce platforms provide new opportunities for paper manufacturers, enabling them to cater to a broader clientele, including publishers, authors, and agents, who are increasingly utilizing digital channels for orders.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Reasons to Consider Purchasing Technavio Market Research Report

  • Current Market Insights: Our reports offer valuable information on the latest market intelligence, competitor strategies, trends, industry changes, customer preferences, and forecasted market opportunities to aid in informed business decisions.

  • Extensive Experience: With over 20 years in market research, Technavio is a trusted name, having published more than 21,000 reports across various industries and regions.

  • High ROI Through In-Depth Research: Technavio specializes in tailored market research reports to meet specific business needs, exploring particular markets, product segments, and demographics. We are also recognized for delivering significant returns on investment through our comprehensive data collection at affordable prices.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.