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    Thermal Paper Market

    ID: 378
    118 Pages
    Research Team
    03/2023

    Thermal Paper Market Research Report Information by Technology Type (Direct Thermal and Thermal Transfer), By Application (POS, Lottery & Gaming, Labels & Tags, and Others), By End Use Industry (Packaging & Labelling, Printing, Retail, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) - Forecast Till 2032

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    Market Summary

    Research Methodology on the Thermal Paper Market


    Abstract


    This study on the market research into the Thermal Paper Market is designed to gain an in-depth understanding of the trends existing in the market and forecast from 2023 to 2030. Thermal paper is coated by a substance that changes colour after it is exposed to heat. Currently, thermal paper is used more in applications such as Point-of-Sale, banking, and tickets amongst others. This research is conducted to analyze the current trends in the market, assess the influence of the various factors on it, as well as, provide an insight into the various opportunities and threats present in the market.


    In order to generate an accurate and in-depth picture, the research was conducted through both primary and secondary sources. Primary sources mainly included interviews and surveys, while secondary sources mainly included industry participants, white papers, articles, journals, and databases.


    Introduction


    Thermal paper, also known as thermal receipt paper, is a kind of paper which is coated by a material that changes colour when exposed to heat. It is usually used in retail thermal formats for printing receipts, tickets, and for banking applications. Thermal paper provides clear and legible prints with less wear and tear when it is compared to other types of paper and has a wider range of applications and usage.


    The global market of Thermal Paper is new compared to other paper markets and is expected to remain positive during the forecast period. Currently, the market value of Thermal Paper is going through a rapid transformation due to the technological advancements which have resulted in the increasing demand for Thermal Paper in various application sectors such as point-of-sale checkout systems, tickets, and banking applications, among others. Furthermore, the increasing demand for convenient payment systems, advancements in technology and cross-sectional use of Thermal Paper has been driving the consumption of the Thermal Paper market. The rising awareness of businesses and customers alike in terms of savings and sustenance is driving the production and consumption of thermal paper.


    Research Methodology


    Research Design


    The research design for this study follows the exploratory approach to collect data from the subject experts and analyze it to obtain meaningful insights. The research used primary and secondary data to craft the report. The primary research was conducted with the help of industry participants, market players, and white paper studies.


    Data Collection


    The data collection is done through a combination of primary and secondary research. Primary research is mainly conducted through interviews and online surveys. The secondary research is mainly conducted through the study of published material, including reports and data from white paper studies and industry databases. All the data was gathered and organized in an organized manner.


    Data Analysis


    The data obtained is then systematically analyzed. Each section was carefully considered to obtain accurate insights. On completion of the analysis, a report was compiled to help make various decisions regarding the Thermal Paper Market.


    Conclusion


    The Global Thermal Paper Market is projected to witness steady growth during the forecast period. The growth in this market can be attributed to the increasing demand for thermal paper for banking applications and point-of-sale transactions. Increased awareness regarding the use of thermal papers resulting in their high adoption across various industries is also driving their growth.


    In addition, technological advancements, as well as convenience offered by the medium of payment are expected to drive the market forward. Companies present in this market need to focus on strengthening their offerings such as branding, pricing and quality to capture a larger market share.

    Market Size & Forecast

    Attribute/Metric Details
    Market Size 2023 USD 4.78 billion
    Market Size 2024 USD 5.01 billion
    Market Size 2032 USD 7.63 billion
    Compound Annual Growth Rate (CAGR) 5.4% (2024-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2018 & 2020
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Technology, Application, End use industry and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Ricoh company ltd, Oji holdings corporation, Jujo thermal ltd, Mitsubishi paper mills ltd, Hansol paper co. Ltd, Thermal solutions international, inc, Appvion operations, inc, Koehler paper, Nakagawa manufacturing (usa), inc, Gold huasheng paper co. Ltd., Henan jianghe paper co., ltd, Rotolificio bergamasco srl
    Key Market Opportunities Increase in use of thermal label paper
    Key Market Dynamics Growth in packaged food & retail industries Rising demand for labeling

    Major Players

    Global Thermal Paper Market Segmentation

    Global Thermal Paper Market Technology Outlook (USD Million, 2019-2030)

    • Direct Thermal

    • Thermal Transfer

    Global Thermal Paper Market Application Outlook (USD Million, 2019-2030)

    • POS

    • Lottery & Gaming

    • Labels & Tags

    • Others

    Global Thermal Paper Market End-Use Industry Outlook (USD Million, 2019-2030)

    • Packaging & Labelling

    • Printing

    • Retail

    • Others

    Global Thermal Paper Market Regional Outlook (USD Million, 2019-2030)

    • North America Outlook (USD Million, 2019-2030)

      • North America Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • North America Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • North America Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • US Outlook (USD Million, 2019-2030)

      • US Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • US Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • US Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Canada Outlook (USD Million, 2019-2030)

      • Canada Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Canada Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Canada Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Mexico Outlook (USD Million, 2019-2030)

      • Mexico Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Mexico Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Mexico Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

    • Europe Outlook (USD Million, 2019-2030)

      • Europe Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Europe Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Europe Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Germany Outlook (USD Million, 2019-2030)

      • Germany Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Germany Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Germany Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • France Outlook (USD Million, 2019-2030)

      • France Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • France Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • France Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • UK Outlook (USD Million, 2019-2030)

      • UK Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • UK Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • UK Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Italy Outlook (USD Million, 2019-2030)

      • Italy Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Italy Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Italy Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Spain Outlook (USD Million, 2019-2030)

      • Spain Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Spain Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Spain Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Rest Of Europe Outlook (USD Million, 2019-2030)

      • Rest Of Europe Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Rest of Europe Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Rest of Europe Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

    • Asia-Pacific Outlook (USD Million, 2019-2030)

      • Asia-Pacific Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Asia-Pacific Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Asia-Pacific Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • China Outlook (USD Million, 2019-2030)

      • China Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • China Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • China Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Japan Outlook (USD Million, 2019-2030)

      • Japan Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Japan Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Japan Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • India Outlook (USD Million, 2019-2030)

      • India Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • India Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • India Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Indonesia Outlook (USD Million, 2019-2030)

      • Indonesia Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Indonesia Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Indonesia Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Thailand Outlook (USD Million, 2019-2030)

      • Thailand Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Thailand Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Thailand Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Rest of Asia-Pacific Outlook (USD Million, 2019-2030)

      • Rest of Asia-Pacific Global Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Rest of Asia-Pacific Global Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Rest of Asia-Pacific Global Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

    • Middle East & Africa Outlook (USD Million, 2019-2030)

      • Middle East & Africa Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Middle East & Africa Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Middle East & Africa Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Saudi Arabia Outlook (USD Million, 2019-2030)

      • Saudi Arabia Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Saudi Arabia Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Saudi Arabia Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • South Africa Outlook (USD Million, 2019-2030)

      • South Africa Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • South Africa Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • South Africa Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • UAE Outlook (USD Million, 2019-2030)

      • UAE Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • UAE Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • UAE Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Rest of Middle East & Africa Outlook (USD Million, 2019-2030)

      • Rest of Middle East & Africa Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Rest of Middle East & Africa Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Rest of Middle East & Africa Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Latin South America Outlook (USD Million, 2019-2030)

      • South America Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • South America Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • South America Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Brazil Outlook (USD Million, 2019-2030)

      • Brazil Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Brazil Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Brazil Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Argentina Outlook (USD Million, 2019-2030)

      • Argentina Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Argentina Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Argentina Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

      • Rest of South America Outlook (USD Million, 2019-2030)

      • Rest of South America Thermal Paper Market by Technology

        • Direct Thermal

        • Thermal Transfer

      • Rest of South America Thermal Paper Market by Application

        • POS

        • Lottery & Gaming

        • Labels & Tags

        • Others

      • Rest of South America Thermal Paper Market by End-Use Industry

        • Packaging & Labelling

        • Printing

        • Retail

        • Others

    Market Trends

    Global Thermal Paper Market Overview

    Thermal Paper Market Size was valued at USD 4.78 billion in 2023. The Thermal Paper industry is projected to grow from USD 5.01 Billion in 2024 to USD 7.63 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.4% during the forecast period (2024 - 2032). Growth in packaged food & retail industries and rising demand for labelling are driving the market growth.

    Thermal Paper Market Overview

    Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

    Thermal Paper Market Trends

      • Increasing demand for labelling and the Growth in packaged food & retail industries across the globe foster the market growth.

    The thermal paper market is growing rapidly, thanks to the increasing demand for labeling in verticals such as automotive, healthcare, and pharmaceuticals. Another factor driving the market is the use of thermal paper as a medium for printing educational and training materials, which is gaining popularity in various educational institutions. Furthermore, there is an increase in demand for thermal paper across various industries, especially in the healthcare vertical. Also, the market for the thermal paper market is driven by the growth in

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Thermal Paper Market

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Smartphone Sensors Market

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Thermal Paper Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD 4.78 billion
    Market Size 2024 USD 5.01 billion
    Market Size 2032 USD 7.63 billion
    Compound Annual Growth Rate (CAGR) 5.4% (2024-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2018 & 2020
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Technology, Application, End use industry and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Ricoh company ltd, Oji holdings corporation, Jujo thermal ltd, Mitsubishi paper mills ltd, Hansol paper co. Ltd, Thermal solutions international, inc, Appvion operations, inc, Koehler paper, Nakagawa manufacturing (usa), inc, Gold huasheng paper co. Ltd., Henan jianghe paper co., ltd, Rotolificio bergamasco srl
    Key Market Opportunities Increase in use of thermal label paper
    Key Market Dynamics Growth in packaged food & retail industries Rising demand for labeling

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    Latest Comments

    John Doe
    john@example.com

    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
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    jane@domain.com

    Thanks for sharing this. I’ve bookmarked it for later reference.

    Posted on July 22, 2025, 7:45 PM
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    FAQs

    What is expected to be the growth rate of the thermal paper market?

    The thermal paper market is supposed to expand at 4.87% CAGR.

    What is poised to drive market growth?

    Increasing demand for POS application is anticipated to lead the augmentation of the thermal paper market.

    By technology, which segments of the thermal paper market are profiled?

    The segments of the market based on technology are thermal transfer, direct thermal, and others.

    Which technology segment is expected to dominate the market?

    The direct thermal segment is anticipated to dominate the market.

    What are the application segments of the thermal paper market?

    The application segments are POS, labels & tags, lottery & gaming, and others.

    Which application segment is anticipated to dominate the thermal paper market?

    The thermal paper market is set to be dominated by the POS segment.

    Who are the major players of the thermal paper market?

    The major players are Ricoh (Japan), Appvion Operations, Inc. (the US), Oji Holdings Corporation (Japan), KOEHLER GROUP (Germany), Hansol (South Korea), MITSUBISHI PAPER MILLS LIMITED (Japan), NAKAGAWA Manufacturing (USA), Inc. (US), Gold Huasheng Paper (Suzhou Industrial Park) CO., Ltd Inc. (China), Jujo Thermal Ltd. (Finland), and Rotolificio Bergamasco SRL (Italy).

    1. to 2030 (USD Million)</p>\r\n<p><strong>FIGURE 16</strong>&nbsp;&nbsp;&nbsp;&nbsp;
    2. to 2030 (USD Million)</p>\r\n<p><strong>FIGURE 18</strong>&nbsp;&nbsp;&nbsp;&nbsp;
    3. to 2030 (USD Million)</p>\r\n<p><strong>FIGURE 20</strong>&nbsp;&nbsp;&nbsp;&nbsp;
    4. (% Share)</p>\r\n<p><strong>FIGURE 24</strong>&nbsp;&nbsp;&nbsp;&nbsp; Asia

    Global Thermal Paper Market Segmentation

    Global Thermal Paper Market Technology Outlook (USD Million, 2019-2030)

    • Direct Thermal
    • Thermal Transfer

    Global Thermal Paper Market Application Outlook (USD Million, 2019-2030)

    • POS
    • Lottery & Gaming
    • Labels & Tags
    • Others

    Global Thermal Paper Market End-Use Industry Outlook (USD Million, 2019-2030)

    • Packaging & Labelling
    • Printing
    • Retail
    • Others

    Global Thermal Paper Market Regional Outlook (USD Million, 2019-2030)

    • North America Outlook (USD Million, 2019-2030)

      • North America Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • North America Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • North America Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • US Outlook (USD Million, 2019-2030)

      • US Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • US Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • US Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Canada Outlook (USD Million, 2019-2030)

      • Canada Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • Canada Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • Canada Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Mexico Outlook (USD Million, 2019-2030)

      • Mexico Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • Mexico Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • Mexico Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

    • Europe Outlook (USD Million, 2019-2030)

      • Europe Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • Europe Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • Europe Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Germany Outlook (USD Million, 2019-2030)

      • Germany Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • Germany Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • Germany Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • France Outlook (USD Million, 2019-2030)

      • France Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • France Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • France Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • UK Outlook (USD Million, 2019-2030)

      • UK Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • UK Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • UK Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Italy Outlook (USD Million, 2019-2030)

      • Italy Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • Italy Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • Italy Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Spain Outlook (USD Million, 2019-2030)

      • Spain Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • Spain Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • Spain Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Rest Of Europe Outlook (USD Million, 2019-2030)

      • Rest Of Europe Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • Rest of Europe Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • Rest of Europe Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

    • Asia-Pacific Outlook (USD Million, 2019-2030)

      • Asia-Pacific Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • Asia-Pacific Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • Asia-Pacific Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • China Outlook (USD Million, 2019-2030)

      • China Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • China Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • China Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Japan Outlook (USD Million, 2019-2030)

      • Japan Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • Japan Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • Japan Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • India Outlook (USD Million, 2019-2030)

      • India Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • India Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • India Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Indonesia Outlook (USD Million, 2019-2030)

      • Indonesia Thermal Paper Market by Technology

        • Direct Thermal
        • Thermal Transfer

      • Indonesia Thermal Paper Market by Application

        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others

      • Indonesia Thermal Paper Market by End-Use Industry

        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Thailand Outlook (USD Million, 2019-2030)

      • Thailand Thermal Paper Market by Technology

        • Direct Thermal
        • Thermal Transfer

      • Thailand Thermal Paper Market by Application

        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others

      • Thailand Thermal Paper Market by End-Use Industry

        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Rest of Asia-Pacific Outlook (USD Million, 2019-2030)

      • Rest of Asia-Pacific Global Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • Rest of Asia-Pacific Global Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • Rest of Asia-Pacific Global Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

    • Middle East & Africa Outlook (USD Million, 2019-2030)

      • Middle East & Africa Thermal Paper Market by Technology

        • Direct Thermal
        • Thermal Transfer

      • Middle East & Africa Thermal Paper Market by Application

        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others

      • Middle East & Africa Thermal Paper Market by End-Use Industry

        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Saudi Arabia Outlook (USD Million, 2019-2030)

      • Saudi Arabia Thermal Paper Market by Technology

        • Direct Thermal
        • Thermal Transfer

      • Saudi Arabia Thermal Paper Market by Application

        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others

      • Saudi Arabia Thermal Paper Market by End-Use Industry

        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • South Africa Outlook (USD Million, 2019-2030)

      • South Africa Thermal Paper Market by Technology

        • Direct Thermal
        • Thermal Transfer

      • South Africa Thermal Paper Market by Application

        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others

      • South Africa Thermal Paper Market by End-Use Industry

        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • UAE Outlook (USD Million, 2019-2030)

      • UAE Thermal Paper Market by Technology

        • Direct Thermal
        • Thermal Transfer

      • UAE Thermal Paper Market by Application

        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others

      • UAE Thermal Paper Market by End-Use Industry

        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Rest of Middle East & Africa Outlook (USD Million, 2019-2030)

      • Rest of Middle East & Africa Thermal Paper Market by Technology

        • Direct Thermal
        • Thermal Transfer

      • Rest of Middle East & Africa Thermal Paper Market by Application

        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others

      • Rest of Middle East & Africa Thermal Paper Market by End-Use Industry

        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Latin South America Outlook (USD Million, 2019-2030)

      • South America Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • South America Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • South America Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Brazil Outlook (USD Million, 2019-2030)

      • Brazil Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • Brazil Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • Brazil Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Argentina Outlook (USD Million, 2019-2030)

      • Argentina Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • Argentina Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • Argentina Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

      • Rest of South America Outlook (USD Million, 2019-2030)

      • Rest of South America Thermal Paper Market by Technology
        • Direct Thermal
        • Thermal Transfer
      • Rest of South America Thermal Paper Market by Application
        • POS
        • Lottery & Gaming
        • Labels & Tags
        • Others
      • Rest of South America Thermal Paper Market by End-Use Industry
        • Packaging & Labelling
        • Printing
        • Retail
        • Others

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