The latest report by IMARC Group, titled "Thermal Paper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global thermal paper market share. The global market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.

Thermal paper refers to a type of specialty paper that is used as a recording medium in inkless printing. It consists of three layers of regular paper that act as a substrate; a base layer made with alkaline salts, gelatin and starch; and a top layer with a chemical coating of Bisphenol A (BPA) as a developer. Thermal paper is highly durable, has high sensitivity toward external adulteration, and changes color when exposed to heat and light. Due to its high reliability and convenience, thermal paper is also used in various applications such as labels, tickets, POS receipts, and medical charts.

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Thermal Paper Market Trends and Drivers:

The global thermal paper market is primarily driven by its utilization across the banking, medical, and entertainment industries as thermal paper has the ability to provide a clear print for an extended period compared to traditional print paper. Furthermore, the expansion of the retail sector and increasing network of hypermarkets have increased point-of-sale (POS) billing operations, which is positively influencing the market growth. Moreover, with technological advancements, manufacturers are able to deliver multi-colored paper for asset tagging and certification labels for cold storage products and laboratory specimens. These factors are expected to exhibit a positive outlook for the market in the coming years.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Technology:

  • Direct Thermal
  • Thermal Transfer

Breakup by Application:

  • Point of Sale (PoS)
  • Lottery and Gaming
  • Tags and Labels
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Appvion Operations Inc
  • Gold Huasheng Paper Co. Ltd.
  • Hansol Paper Ltd.
  • Henan JiangHE Paper CO. LTD
  • Jujo Thermal Ltd. (Nippon Paper Industries Co. Ltd)
  • Koehler Group
  • Lecta Group
  • Mitsubishi Paper Mills Limited
  • Nakagawa Manufacturing Inc.
  • Oji Holdings Corporation
  • Ricoh Company Ltd.
  • Thermal Solutions International Inc.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

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