Thermal Paper Market to hit USD 4,391.0 Million by 2025
The thermal paper market will touch the figure USD 4,391.0 million at a 4.87% CAGR between the
forecast period 2016- 2023, states the recent Market Research Future (MRFR) analysis. Thermal paper
is made with a specialty coating that allows inkless printing. This coating will blacken when it is
exposed to heat and in turn, will transfer the image on paper.
Various factors are propelling the global thermal paper market share. According to the recent MRFR
report, such factors include the growing point of sale terminal utility in services for labeling and billing,
increasing product utilization in the food and beverage industry, need for POS supply solutions,
product utilization, increasing acceptance in billing operations as this offers the ability of printing
efficiently and fast, use in paper receipts, print precision and durability offered by thermal papers
make it simple to read the barcode, and advances in thermal transfer technology.
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On the contrary, price increase, concerns about BPA toxic levels, and the on-going COVID-19 impact
may limit the global thermal paper market growth over the forecast period.
By technology, the thermal paper market is segmented into thermal transfer, direct thermal, and
others. Of these, the direct thermal segment will lead the market over the forecast period for the
different features such as high graphics capability, noise reduction, and good mobility.
By application, the global thermal paper market is segmented into labels and tags, lottery and gaming,
POS, and others. Of these, the POS segment will dominate the market over the forecast period. The
growing retail industry in China and India, coupled with the emergence of new supermarkets and
hypermarkets, are adding to the growth of the segment.
By region, the thermal paper market covers the growth opportunity a