Thermal Paper Market to reach a market size of $5.5 billion by 2025- KBV Research

NEW YORK - Dec. 24, 2019 - PRLog -- According to a new report Global Thermal Paper Market, published by KBV Research, The Global Thermal Paper Market size is expected to reach $5.5 billion by 2025, rising at a market growth of 8.2% CAGR during the forecast period. The consumer's tendency towards cashless payment, along with its mass adoption by various end-use industries, including food and beverage, pharmaceuticals, etc., has substantially driven the need for thermal paper over the last few years. Furthermore, the need for cashless payment transactions without any linkage between the consumer's payment device and the point of sale terminal is perceived to propel demand for thermal paper during the forecast period. In addition, several government initiatives directed specifically towards enhancing the importance of the cashless economy are considered to strengthen the scope of the Point of Sales (POS) in the near future.

Direct thermal technology dominated the market in 2018 and during the forecast period, it is expected to strengthen at a significant growth rate. Rapidly increasing acceptance of technology is expected to contribute to growth as an ideal choice in the printing industry. The segment is predicted to emerge remarkably in the forecast period due to features like high mobility, noise reduction, and the full graphics capability of this technology. The Thermal Transfer market is expected to witness a CAGR of 8.8% during (2019-2025).

The segment of POS terminals recorded a dominant market share in 2018. Due to the growing retail industry in economies such as India and China, the segment is expected to see significant growth in the coming years. The Tags & Labels market is anticipated to witness a CAGR of 8.9% during (2019-2025). Additionally, The Gaming & Lottery market would witness highest CAGR of 10.1% during (2019-2025).

Structural Insights: https://www.kbvresearch.com/thermal-paper-market/

Global Thermal Paper Market Segmentation

By Technology

Direct Thermal

Thermal Transfer

Others

By Application

Point-of-Sales

Tags & Labels

Gaming & Lottery

Others

By Geography

North America

US

Canada

Mexico

Rest of North America

Europe

Germany

UK

France

Russia

Spain

Italy

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Singapore

Malaysia

Rest of Asia Pacific

LAMEA

Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA

Companies Profiled

Ricoh Company Limited

Oji Holdings Corporation (Mitsui Group)

Appvion, Inc.

Mitsubishi Paper Mills Ltd.

Gold Huasheng Paper Co., Ltd.

Henan Province JiangHe Paper Co., Ltd.

Thermal Solutions International, Inc.

Nippon Paper Industries Co., Ltd. (Jujo Thermal Ltd.)

Rotolificio Bergamasco S.r.l.

Koehler Paper SE