Global Thermal Paper Market: Dynamics
Advancements in thermal transfer technology is estimated to drive potential growth opportunities during the forecast period owing to its capability to deliver multi-colour paper. Moreover, the rising demand for thermal paper for asset tagging as well as certification labels for cold storage products & laboratory specimens is also expected to drive the market over the forecast period.
However, a substantial increase in online POS (or mobile-POS), especially in developed countries, is expected to hamper the growth of conventional paper tags & labels, which is, in turn, expected to hamper the demand for thermal paper in the coming years.
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Global Thermal Paper Market: Company Developments and Industry-Level Trends
Key market participants are focusing on improvements in terms of thermal paper design as well as advancements in manufacturing equipment/applicators across the globe.
In 2017, Mitsubishi HiTec Paper launched THERMOSCRIPT LL 77 series of thermal papers at Labelexpo Europe 2017 in
Global Thermal Paper Market: Segmentation
The global thermal paper market can be segmented on the basis of printing technology and applications.
The global thermal paper market can be segmented on the basis of printing technology type into:
The global thermal paper market can be segmented on the basis of applications into:
Thermal paper for Point of Sale & Fax Applications
Thermal paper for Lottery & Gaming Applications
Thermal paper for Transport Applications
Thermal paper for Medicinal Applications
Thermal paper for Banking, Financial Services and Insurance (BFSI) Applications
Thermal paper for Packaging Labels & Tags Applications
Other Thermal paper Applications (Security paper, etc.)
Global Thermal Paper Market: Regional Outlook
The global thermal paper market is segmented into seven regions, namely
The market for paper-based packaging is largely established in developed economies like
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Global Thermal Paper Market: Key Players
Some of the key players currently operating in the global thermal paper market are:
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