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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