Thermal Paper Market Size, Share & Industry Analysis and Foreseen by 2027
The global thermal
paper market size 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 market 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.
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
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.
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 color 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.
Browse
Summary of This Research:
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.
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™ offers expert corporate analysis and accurate data, helping
organizations of all sizes make timely decisions. We tailor innovative
solutions for our clients, assisting them to address challenges distinct to
their businesses. Our goal is to empower our clients with holistic market
intelligence, giving 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:
Facebook:https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter:https://twitter.com/FBInsightPvtLtd?s=20
LinkedIn:https://www.linkedin.com/company/fortune-business-insights/
Comments
Post a Comment