Global Thermal Paper Markets, 2021-2028 – Growing Use of Products in Labels and Labels in Food & Beverage and Pharmaceutical Industries –

DUBLIN – (COMMERCIAL THREAD) – The “Global Thermal Paper Market Size, Share and Trend Analysis Report by Application (PoS, Tags & Tags, Lottery & Gaming), by Regions (Asia-Pacific, North America, MEA) ) and segment forecast, 2021-2028 “report has been added to offer.

Global thermal paper market size expected to reach USD 6.03 billion by 2028, registering a CAGR of 5.2%

The increasing use of the products in labels and tags in the food and beverage and pharmaceutical industries is expected to drive the market growth during the forecast period.

The rapid growth of the retail industry in India, China, Indonesia, Brazil, United Arab Emirates and Saudi Arabia is driving the use of retail transactions through PoS terminals. In addition, strict labeling standards in the food and pharmaceutical industries are expected to further stimulate product demand.

The growing popularity of the gaming industry and casinos across the globe is also expected to dramatically boost the global market. Las Vegas, Singapore, and Macau are some of the most popular destinations that have grown in importance due to their gaming and casino industries.

Increasing footfall to these locations is expected to prove beneficial for the growth of the market. Companies in the Asia-Pacific region, particularly in Japan, have established their production units as well as strategic business channels in Europe and the United States to cater to buyers at the national level.

Some manufacturers have formed partnerships with local roll processors to ensure product supply to their consumers.

Highlights of Thermal Paper Market Report

  • In China, the labels and tags segment is expected to grow at a CAGR of 6.9% during the forecast period owing to the increasing adoption of the products in labels and tags in the food and beverage industries. beverage and retail nationwide

  • In 2020, the revenue of the PoS application segment in the North America region was $ 709.6 million due to the wide use of PoS machines in supermarkets, cafeterias, gas stations and retail stores.

  • In Germany, the market is expected to reach USD 264.7 million by 2028 owing to the increasing use of the products in labels and tags for inventory management purposes in the regional manufacturing industry.

  • The PoS application segment in India is expected to register a CAGR of 11.4% over forecast due to the continued efforts of the Indian government to promote various types of cashless transaction modes.

  • With increasing restrictions on bisphenol A products, manufacturers are gradually launching phenol-free thermal paper products in key markets

Companies mentioned

  • Ricoh Company, Ltd.

  • Oji Holdings Corporation

  • Incorporated Appvion

  • Koehler Group

  • Mitsubishi Paper Mills (MPM) Ltd.

  • Hansol Paper Co. Ltd.

  • Gold Huasheng Paper Co., Ltd.

  • Henan Province JiangHe Paper Co., Ltd.

  • International Thermal Solutions, Inc. (TSI)

  • Jujo Thermal Limited

  • Rotolificio Bergamasco Srl

  • Nakagawa Manufacturing (USA), Inc.

  • Twin Rivers Paper Company

  • Iconex SARL

  • Lecta Group

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