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Thermal Paper Market Size by Global Major Companies Profile, Competitive Landscape and Key Regions 2027

Nitesh VHAVAL Nitesh VHAVAL
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The global thermal paper market forecast

is projected to reach USD 5.85 billion by the end of

2027. Increasing applications of the product across diverse industry verticals

will aid the growth of the overall market in the coming years. According to a

report published by Fortune Business Insights, titled “Thermal Paper Market Size, Share & Industry Analysis, By Width

(2.25”, 3.125”, and Others), By Printing Technology (Direct Thermal, Thermal

Transfer, and Others), By Application (Point-of-Sale, Tags & Labels,

Ticketing, Lottery & Gaming, Medical, and Others), and Regional Forecast,

2020-2027


,



The

thermal paper market segmentation


was worth USD 3.45 billion in 2019 and

will exhibit a CAGR of 6.9% during the forecast period, 2020-2027.



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Thermal paper is a specialty paper that is usually coated with a

material that helps the paper transform its colour when subjected to heat. The

increasing applications of thermal paper are attributable to the favourable

properties of the product. It is widely used in applications that require quick

and short print slips including ATMs and other places that print out receipts.

The growing product applications, coupled with the massive investment in the

development of efficient products, will ultimately emerge in favor of the

growth of the market in the coming years. The product is inclusive of easily

derivable compounds as well as material available in abundance. The increasing

investment in the research and development of efficient thermal paper will

contribute to the growth of the overall market in the coming years. The

presence of several large scale companies will emerge in favor of market

growth.



 



Company

Mergers Are Proving Beneficial for Existing Businesses



The report encompasses several factors that have

contributed to the growth of the overall market in recent years. Due to healthy

market competition, several companies are looking to adopt strategies that will

help them establish a strong position in the global market. It is observed that

company mergers and collaborations are a growing trend among major businesses

across the world. In February 2020, Koehler Paper Group announced that it has

completed the acquisition of Beaver Paper and graphic Media Inc. The company is

manufacturer of sublimation media; a product that is used widely in the digital

printing industry. Through this acquisition, the company will look to combine

the portfolio of both the companies and improve the overall sales and

distribution of sublimation media across the world. Koehler’s acquisition of

Beaver will help the company establish a formidable position in the global

market. Additionally, this acquisition will have a huge impact on the growth of

the overall market in the coming years.



Browse summary:



https://www.fortunebusinessinsights.com/thermal-paper-market-102811



 



Market in Europe Held the Highest Share;

Increasing Number of POS Terminals Will Emerge in Favor of Market Growth



The report analyzes the ongoing market trends across

North

America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Among these regions, the market in Europe currently holds the largest market

share. The increasing number of POS terminals will emerge in favor of market

growth. The increasing number of ATM transactions will also lead to a wider

product adoption in numerous countries across this region. As of 2019, the

market in Europe was worth USD 1.57 billion and this value is projected to

increase further in the coming years.



List of

companies profiled in the report:



·      

Lecta (Spain)



·      

Hansol Paper (Korea)



·      

Appvion Operations, Inc. (USA)



·      

Domtar Corporation (USA)



·      

Ricoh Industrie France SAS (France)



·      

Mitsubishi Hi-Tech Paper (Germany)



·      

Koehler Paper Group (Germany)



·      

Kanzaki Specialty Papers, Inc. (USA)



·      

Jujo Thermal Ltd. (Finland)



·      

Oji Paper Co., Ltd. (Japan)



·      

KanzanSpezialpapiere GmbH (Germany)



·      

Iconex LLC (UK)



·      

Telemark Diversified Graphics (USA)



·      

Panda Paper Roll (China)



·      

Nakagawa Manufacturing (USA), Inc. (USA)



·      

Suzhou Xiandai Paper Production Co., Ltd.

(China)



·      

PG Paper Company Ltd. (UK).



·      

Thermal Paper China (China)



·      

Chenming Group (China)



·      

Guangdong Guanhao High-Tech Co., Ltd. (China)



·      

Other Key Players



Request a sample PDF:



https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/thermal-paper-market-102811



Industry

Developments:



March

2019:

Ricoh Industries France announced

that it will be expanding its production of thermal paper line. The company

will be building a new coating machine to double its production capacity.



 



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