August 03, 2023 07:13 ET | Source: Research and Markets Research and Markets
Dublin, Aug. 03, 2023 (GLOBE NEWSWIRE) -- The "Thermal Paper Market Size, Share & Trends Analysis Report By Application (POS, Tags & Label, Lottery & Gaming), By Region (Asia Pacific, North America, Middle East & Africa, Europe), And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering. The global thermal paper market size is expected to reach USD 5.56 billion by 2030, registering a CAGR of 4.2% over the forecast years. This growth is attributed to the rising usage of POS terminals for monetary transactions in applications such as warehouses, supermarkets, and retail outlets. Thermal papers are majorly used in printing receipts at POS terminals and in the production of tags used by industries such as pharmaceuticals and food and beverages to package and label their end-use products. Thermal papers are preferred over other modes of printing due to the lower cost of production, and maintenance of the printing set-up due to the lack of use of ribbons and ink in the printing process. The increasing use of retail outlets and supermarkets in developing economies such as China, Brazil, and India are expected to augment the growth of the market during the forecast period. The rising demand for specialty paper in packaging by e-commerce and logistics market players is also expected to help in the market growth. However, rising digitalization and increasing substitute products are expected to restrict the market growth. Growing demand for food & beverage, FMCG, and electronics goods in the Middle East and African countries considering population growth and urbanization in major markets of Saudi Arabia, UAE, and Qatar is expected to increase the use of POS terminals, tags, and labels. In addition, favorable support for promoting investments at the domestic level is expected to have a positive impact on the market growth in the region. The market is anticipated to witness strong competition during the forecast period on account of the growing demand for thermal paper from the end-use industries such as ATMs, e-commerce industries, retail, and others. Public and private companies operating in the market are increasingly investing in the development of new products and new manufacturing technologies to optimize the production process. They are also focusing on expanding their production facilities to maintain their supply chain for thermal paper. Major players in the industry have established production units in different regions to cater to specific geographical locations. They also use other distribution channels in local regions such as agreements with roll-converters to ensure continuous product supply. Manufacturers also engage in direct supply to end-users such as POS and label manufacturers. Ecg Roll Paper Prize
Thermal Paper Market Report Highlights
Key Topics Covered: Chapter 1. Methodology and Scope
Chapter 2. Executive Summary Chapter 3. Thermal paper Market Variables, Trends & Scope 3.1. Market Lineage Outlook 3.1.1. Parent Market Outlook: Global Paper Market 3.2. Thermal Paper Market - Value Chain Analysis 3.3. Raw Material Trends 3.4. Manufacturing Trends 3.5. . Sales Channel Analysis 3.6. Vendor Selection Criteria 3.7. Technology Overview 3.7.1. Timeline 3.8. Regulatory Framework 3.9. Market Dynamics 3.9.1. Market Driver Analysis 3.9.1.1. Expansion of PoS Terminal Network 3.9.1.2. Growing Demand for Labels 3.9.2. Market Restraint Analysis 3.9.2.1. Emergence of Alternative Transaction Methods 3.9.3. Industry Challenges 3.10. Business Environment Analysis: Thermal Paper Market 3.12. Market Disruption Analysis Chapter 4. Thermal paper Market: Application Estimates & Trend Analysis 4.1. Key Takeaways 4.2. Application Movement Analysis & Market Share, 2022 & 2030 4.3. Thermal Paper Market Estimates & Forecasts, By Application (Kilotons) (USD Million), 2018 - 2030 4.4. Point-of-Sale (POS) 4.5. Tags & Label 4.6. Lottery & Gaming 4.7. Others Chapter 5. Thermal paper Market: Regional Estimates & Trend Analysis Chapter 6. Competitive Landscape
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