The Thermal Paper Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Thermal Paper Market?
The thermal paper market has seen significant expansion in the past few years. The market size is projected to increase from $4.74 billion in 2024 to $5.16 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Thermal Paper Industry?
The thermal paper market is anticipated to expand significantly over the coming years, reaching a size of $7.3 billion in 2029. The growth rate during this period is projected to be 9.1% CAGR.
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What are the Key Growth Drivers Fueling the Thermal Paper Market?
The key drivers in the thermal paper market are:
• Expansion of smart packaging initiatives
• Rise of contactless payment systems
• Demand for thermal paper in emerging economies
• Shift towards more sustainable thermal paper options and customization needs for branding
Global Market Segmentation: Identifying Major Thermal Paper Industry Segments
The thermal paper market covered in this report is segmented –
1) By Type: Top Coated, Non-Top Coated
2) By Technology: Direct Thermal, Thermal Transfer, Other Technologies
3) By Thickness: 60-80 Microns, 80-90 Microns
4) By Application: POS Receipts, Lottery And Gaming Tickets, Labels And Tags, Other Applications
5) By End User: Retail Industry, Healthcare, Packaging And Labelling, Printing And Publishing, Entertainment And Transit, Other End Users
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What are the Emerging Trends Shaping the Future of the Thermal Paper Market?
The key trends in the thermal paper market are:
• Advancements in printing technologies are emerging as a key trend in the thermal paper market.
• There's an increasing trend towards the use of BPA-free thermal papers.
• Customization and specialty thermal papers are rising in popularity.
• Collaborations and partnerships in the industry are gaining traction.
Who Are the Top Competitors & Leading Players in the Thermal Paper Market?
Major companies in the thermal paper market are:
• Ricoh Corporation
• Oji Holdings Corporation
• Appvion Incorporated
• Jujo Thermal Limited
• Lecta Group
• Koehler Paper Group
• Mitsubishi HiTec Paper Europe GmbH
• Hansol Europe BV
• Gold HuaSheng Paper Company Limited
• Papierfabrik Wattens GmbH & Co. KG
• Henan Province JiangHe Paper Company Limited
• Thermal Solutions International Inc.
• Rotolificio BergamasCo. Srl
• PM Company LLC
• Nakagawa Manufacturing Co. Ltd.
• Siam Paper Co. Ltd.
• Nantong Xiujun Imp.& Exp.Co. Ltd.
• Zhejiang Youcheng New Materials Co. Ltd.
• Shanxi Oceano Paper Co. Ltd.
• Tianjin Jinlida Paper Co. Ltd.
• Jiangsu Guoli Science & Technology Co. Ltd.
• Xiandai Paper Co. Ltd.
• PapiCo. Ltd.
• Guofeng Fine Paper Co. Ltd.
• RP Paper Impex Pvt. Ltd.
• Apex Paper International Inc.
• Stellar Paper Products Private Limited
• Daio Paper Corporation
• TOPPAN PRINTING COMPANY Ltd.
• Canon Inc.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the thermal paper market in 2024
