Global Thermal Paper Market research report provides in-depth analysis on industry outlook, opportunities, growth, duture trends. In that Asia-Pacific region projected to rise at 11.5% CAGR during 2018-2025, according to Adroit Market Research.

— Global Thermal Paper Market 2018-2025:

The global thermal paper market is anticipated to expand over a CAGR of 10.6% over the forecast period from 2018 to 2025. This is majorly due to the increasing use of thermal paper in POS terminals since they provide high-temperature stability, barcode scan ability, and moisture resistance. Specialized fields such as healthcare sectors require high-quality images produced by thermal printing for technical printouts such as electrocardiograms (ECGs), and prescription labels where accuracy is necessary. Therefore, rising usage of POS terminals for billing and high volume printouts in retail, food & beverage, and pharmaceutical sectors is a key factor expected to drive the demand for thermal paper over the forecast period.

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Rising awareness about the benefits of POS terminals, owing to the technological advancement such as mobile wallets, online banking demand have secure ways for making transactions. Budding use of thermal paper for transactions among retailers, and recent government initiatives to encourage cashless transactions are some of the other factors driving the thermal paper demand. Surging demand for point of sale (POS) terminals as a substitute to cash registers in the hospitality, warehouse and medical sectors is expected to be a favorable factor for the overall revenue in the years to come.

North America dominated the global thermal paper market and is expected to maintain its leading position over the next seven years. On the other hand, Asia Pacific is projected to rise rapidly and is projected to witness revenue growth at a CAGR of 11.5% from 2018 to 2025. Rising per capita income, purchasing power of the middle-income population, developing food & beverage, and tourism sectors is driving the need for POS and labelling applications in this region. Also, certain governmental initiatives mandating the labelling of fresh and processed foods is another factor supplementing the global thermal paper market growth.

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In 2013, the Consumer Affairs department of Japan mandated the labelling of fresh and processed foods. This strategy by Japanese government is a favorable development towards the use of thermal paper in the end-use sectors.

Key players in the global thermal paper market are consolidating to maintain its competitive edge over the other manufacturers. For instance, in 2017, Appvion Inc., announced plans to consolidate its carbonless paper coating and rewinding operations in Appleton, Wisconsin, USA. This strategy by Appvion is likely to serve the current and future demand for carbonless products and will help improve its position by increasing its manufacturing capacity and logistics operations. Global leaders such as Ricoh Company Ltd, Koehler Paper, and Hansol Paper are under the process of maintaining existing clients and venturing into new markets to increase revenue profits and maintain company growth.

Key segments of the global thermal paper market

Technology Overview, 2015 – 2025 (Kilo tons) (USD Million)

Direct thermal

Thermal transfer

Others

Application Overview, 2015 – 2025 (Kilo tons) (USD Million)

Point of Sale (POS)

Lottery and Gaming

Tags and Labels

Others

Region/Country Overview, 2015 – 2025 (Kilo tons) (USD Million)

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Table of Content

1. Research Methodology

Research approach

Scope, definition, and assumptions

Data sources

2. Executive Summary

3. Market Outlook

Introduction

Key trends

Market drivers

Market restraints

Market opportunities

Value chain analysis

Porter’s Five Forces’ analysis

4. Type Overview

Global thermal paper market share, by technology, 2017 & 2025

Direct Thermal

Market size and projections, 2015 – 2025

Thermal Transfer

Market size and projections, 2015 – 2025

5. Application Overview

Global thermal paper market share, by application, 2017 & 2025

POS

Market size and projections, 2015 – 2025

Lottery and Gaming

Market size and projections, 2015 – 2025

Tags & Labels

Market size and projections, 2015 – 2025

Others

Market size and projections, 2015 – 2025

6. Regional OverviewGlobal thermal paper market share, by region, 2017 & 2025North AmericaU.S.

7. Industry Structure

Company market share, 2017

Competitive strategies

8. Company ProfilesOji Holdings Corporation

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About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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Website: https://www.adroitmarketresearch.com/industry-reports/thermal-paper-market

Source URL: https://marketersmedia.com/global-thermal-paper-market-2018-2025-industry-set-to-grow-at-10-6-cagr-top-companies-ricohkoehler-paperhansol-paper-consumption-analysis/407382

Source: MarketersMedia

Release ID: 407382