DUBAI, UAE. 19th
February 2018: Thermal Paper Market latest
research report by size, share, application, Growth Analysis, geography, Outlook,
Segmentation, Production Capacity, Competitive Strategies and Regional Outlook
to 2019-2028
Global thermal paper market is anticipated to witness an
exponential growth in the forecast period. Thermal paper changes color upon
introduction to heat & light due to the presence of a coating pigment.
Furthermore, these papers are highly sensitive toward exterior adulteration.
Thermal papers offer a clear print for a prolonged period as compared to
traditional print paper.
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The factors that propel the growth of the market include
increasing awareness about the benefits of POS terminals, technological
progression such as mobile wallets, online banking demand, and developments in
thermal transfer technology. On the other hand, there are factors that may
hamper the growth of the market including fluctuating prices and supply of raw
materials and lack of skilled and trained workers. Thermal paper market is
anticipated to expand at a significant CAGR in the upcoming period as the
scope, product types, and its applications are increasing across the globe.
The market could be explored by technology, application, and
geography. Market could be explored by technology as Thermal Transfer and Direct
Thermal. The “Direct Thermal” segment led the thermal paper market in 2017 and
will continue to lead in the forecast period. In thermal paper no ribbon is
used in printing. It produces the image directly on the printed material.
Direct thermal printing uses chemically treated, heat-sensitive media that goes
black when it permits under the thermal print head.
The key applications that could be explored in the market
include Thermal paper for Lottery & Gaming Applications, Thermal paper for
Fax & Point of Sale Applications, Thermal paper for Packaging Labels &
Tags Applications, Thermal paper for Medicinal Applications, Thermal paper for
Transport Applications (Parking Ticket, Train Ticket, Boarding Pass and
Others), Thermal paper for Financial Services, Banking and Insurance (BFSI)
Applications and Other applications such as Security paper. The “POS (Point of
Sale)” segment led the market in 2017 and will continue to lead in the forecast
period. POS (Point of Sale) is followed by Lottery & Gaming applications.
Some of the key players that fuel the growth of the thermal
paper market comprise Appvion Incorporated, Koehler Paper Group, Oji Holdings
Corporation, Siam Paper Public Company Limited, Nakagawa Manufacturing (USA),
Inc., Ricoh Company, Ltd., Jujo Thermal Ltd., Henan Province JiangHe Paper Co.,
Ltd., Mitsubishi Paper Mills Limited, Shandong Chenming Paper Holdings Ltd,
Guangdong Guanhao High-Tech Co., Ltd., PM Company L.L.C., Jiangsu Wampolet
Paper Co., Ltd, and Hansol Paper Co Ltd. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
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Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
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