Market Overview

The Global Thermal Paper Market was valued at USD 4,421.0 million in 2023 and is expected to reach USD 6,432.9 million by 2031 while growing at a CAGR of 4.8% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global thermal paper market growth. Thermal paper, coated with a special chemical formulation, changes color upon exposure to heat, eliminating the need for ink or toner. It's extensively utilized in applications needing swift and economical printing. By applying heat to designated areas, the printing process triggers the chemical coating's reaction, resulting in image or text production.

The thermal paper market is fueled by growing demand in retail and POS applications, as well as rising adoption in labeling and packaging. However, challenges such as health and safety concerns, along with regulatory compliance, could hinder market expansion.

Furthermore, the global thermal paper industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Technology Analysis

The Global Thermal Paper Market is segmented among Direct Transfer, Thermal Transfer, and Others, based on Technology. In 2023, Direct Transfer accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Width Analysis

The Global Thermal Paper Market is segmented among 57mm, 80mm, and Others, based on Width. In 2023, 80 mm accounted for the majority of the market share*.

Global Thermal Paper Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Ricoh Company, Ltd., Oji Holdings Corporation, Appvion Operations, Inc., Koehler Group, Mitsubishi Paper Mills (MPM) Limited, Hansol Paper Co. Ltd, Gold Huasheng Paper Co., Ltd, Henan Province JiangHe Paper Co., Ltd, Kanzaki Specialty Papers Inc. (KSP), Thermal Solutions International Inc, and Thermal Paper Plus, LLC.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Thermal Paper Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Thermal Paper Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Thermal Paper Market Segmentation, By End-user Industry

• Global Thermal Paper Market Share Analysis, By End-user Industry

• Global Thermal Paper Market Growth Analysis, By End-user Industry

• Global Thermal Paper Market Trends, By End-user Industry

o POS

o Labels

o Entertainment

o Medical & Pharmaceutical

o Other End-user Industries

6. Global Thermal Paper Market Segmentation, By Region

• Global Thermal Paper Market Share Analysis, By Region

• Global Thermal Paper Market Growth Analysis, By Region

• Global Thermal Paper Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

7. Competitive Landscape

• Ricoh Company, Ltd.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Oji Holdings Corporation

• Appvion Operations, Inc.

• Koehler Group

• Mitsubishi Paper Mills (MPM) Limited

• Hansol Paper Co. Ltd

• Gold Huasheng Paper Co., Ltd

• Henan Province JiangHe Paper Co., Ltd

• Kanzaki Specialty Papers Inc. (KSP)

• Thermal Solutions International Inc

• Thermal Paper Plus, LLC  

 *Similar analysis will be provided for each company listed above.