Thermal Paper Market 2023 | Key Players, Growth Opportunities, Industry Growth | Ricoh Company Limited, Oji Holdings Corporation, Appvion Incorporated, Jujo Thermal Limited, Lecta Group

The Business Research Company’s Thermal Paper Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Thermal Paper Global Market Report 2023 evaluates thermal paper market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global thermal paper market is poised for substantial expansion, with projections indicating a robust trajectory. In 2022, the market exhibited a valuation of $4.03 billion, and this figure is expected to ascend to $4.37 billion by the close of 2023. This growth is underpinned by a noteworthy Compound Annual Growth Rate (CAGR) of 8.5%, reflecting a promising outlook for stakeholders.

Nevertheless, the global landscape has witnessed tumultuous disruptions, notably triggered by the Russia-Ukraine conflict. This geopolitical strife has cast a shadow over the prospects of global economic recuperation, particularly in the near term. As a consequence, economic sanctions have been imposed on various nations, precipitating a surge in commodity prices and precipitous supply chain disturbances.

These repercussions have ushered in a phase of inflationary pressures across the spectrum of goods and services, exerting a palpable influence on multiple markets across the globe. In light of these dynamics, the thermal paper market is projected to further burgeon and reach an estimated value of $5.92 billion by 2027, characterized by a steady CAGR of 7.9%. This resilient trajectory underscores the market’s ability to navigate and adapt to the ever-evolving global landscape.

The increasing emphasis on sustainable labeling practices is a driving force behind the expansion of the thermal paper market. Particularly, the e-commerce and logistics sectors are witnessing a surge in demand for sustainable direct thermal solutions. As the industry evolves, there is a notable shift towards adopting more environmentally friendly methods, including the utilization of recycled direct thermal papers. To illustrate, in February 2022, a survey conducted by Cargill Incorporated, a prominent US-based food corporation, revealed that 55% of global customers are inclined to purchase packaged food items featuring sustainability labels. Furthermore, 37% of the 550 surveyed Americans acknowledged that sustainability claims strongly influence their purchasing decisions, marking a notable six-point increase from 2019. Consequently, the demand for sustainable labeling practices is poised to drive substantial growth in the thermal paper market in the forthcoming years.

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The thermal paper market segments in the report are:

1) By  Type: Top Coated, Non-Top Coated

2) By Technology: Direct Thermal, Thermal Transfer, and 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

Top Major Players

Ricoh Company Limited

Oji Holdings Corporation

Appvion Incorporated

Jujo Thermal Limited

Lecta Group

The table of contents in TBRC’s thermal paper market report includes:

1. Executive Summary

2. Thermal Paper Market Characteristics

3. Thermal Paper Market Trends And Strategies

4. Thermal Paper Market – Macro Economic Scenario

5. Thermal Paper Market Size And Growth

…….

26. Africa Thermal Paper Market

27. Thermal Paper Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Thermal Paper Market

29. Thermal Paper Market Future Outlook and Potential Analysis

30. Appendix

List Of Tables

Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Thermal Paper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Thermal Paper Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Thermal Paper Market, Segmentation By Thickness, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

……..

Table 48: Ricoh Company Limited Financial Performance
Table 49: Oji Holdings Corporation Financial Performance
Table 50: Appvion Incorporated Financial Performance
Table 51: Jujo Thermal Limited Financial Performance
Table 52: Lecta Group Financial Performance

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