Thermal Paper Market 2021 Overview, Opportunities And Challenges Forecast To 2027

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 forecast was worth USD 3.45 billion in 2019 and will exhibit a CAGR of 6.9% during the forecast period, 2020-2027.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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.

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Connect us via Social Media Channels:

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Twitter: https://twitter.com/FBInsightPvtLtd

Leave a Reply

Your email address will not be published. Required fields are marked *