U.S Likely to Expand at a CAGR of 4% with Respect to Non-BPS Laden Thermal Papers Demand through 2031

A newly published Fact.MR study projects the global demand for thermal papers to reach nearly US$ 7 Bn, expanding at a CAGR exceeding 5% throughout the 2021-2031 forecast period. Increasing deployment across key industries such as packaging & labelling and the retail industry is likely to spur future growth prospects.

From 2016 to 2020, sales of thermal papers expanded at 2% CAGR, reaching over US$ 4 Bn. With the onset of the novel coronavirus pandemic, the online retail sector has accrued impressive gains, as consumers rely on e-commerce websites to make their purchases. This reliance on virtual platforms has significantly impelled thermal papers demand, as retailers adopt them to send invoices for the items dispatched.

Point-of-sale (PoS) systems are becoming increasingly popular among food chains, restaurants, and food stores since they are increasingly switching to inventory systems and time clocks. Fast-paced lifestyles often mandate the use of thermal paper for tickets, parking tickets, and admission tickets, which is increasing the demand for eco-friendly paper, a trend which is likely to prevail throughout the thermal papers industry for a lifetime.

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“As health concerns regarding BPA impact on humans, consumers are choosing organic BPA-free products in thermal papers to reduce the levels of chemicals in the manufacturing process,” says the Fact.MR analyst.

Key Points Addressed in Thermal Papers Industry Analysis

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Thermal Papers and How to Navigate
  • Recommendation on Key Winning Strategies

Key Takeaway from the Market Study

  • Global market for thermal papers to add nearly 2x the market value by 2031
  • Packaging & labeling to be primary end user, expanding at a CAGR of 4% until 2031
  • By application, point-of-sale terminals to generate nearly 70% of global thermal papers demand
  • 60-80 microns thermal papers to flourish, accounting for nearly 3 out of 5 sales
  • Demand for direct thermal papers to soar, expanding at a CAGR of nearly 5%
  • U.S likely to expand at a CAGR of 4% with respect to thermal papers demand through 2031
  • Asia to emerge as the most opportunistic market, yielding over 1/3rd of the total revenue

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Key Segments Covered

  • Thickness Type

    • 60-80 microns
    • 80-90 microns
  • End User

    • Retail Industry
    • Healthcare
    • Packaging & Labelling
    • Printing & Publishing
    • Entertainment & Transit
    • Other End Uses
  • Application

    • Lottery & Gaming
    • Labels & Tickets
    • Other Applications
  • Technology

    • Direct thermal
    • Thermal transfer

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Competitive Landscape

Major players seeking to expand their customer base are hoping to gain a dominant position in the market.

  • On 19th January 2021, Avery Dennison launched its first uncoated recycled direct thermal (rDT) paper label material that is commercially available on the market, which contains recycled post-consumer waste.
  • Under the brand name Pergafast, Solenis produces a color developer for thermal papers. A versatile color developer, Pergafast 201 is used in all grades of top and non-top coated thermal papers. This development offers papermakers a safer alternative to bisphenol A (BPA), a chemical that disrupts hormone function.
  • Koehler Paper Group
  • Nakagawa Manufacturing (USA), Inc.
  • Siam Paper Public Company Limited,
  • Jujo Thermal Ltd.
  • Ricoh Company, Ltd.
  • Shandong Chenming Paper Holdings Ltd.

For comprehensive insights on this market adoption, ask an analyst here- https://www.factmr.com/connectus/sample?flag=AE&rep_id=2487

More Insights Available

Fact.MR’s, in its new offering, presents an unbiased analysis of the thermal papers market, presenting historical demand data (2016-2020) and forecast statistics from 2021 to 2031.

The study divulges essential insights on the market based on thickness type (60-80 microns and 80-90 microns), end user (retail industry, healthcare, packaging & labeling, printing & publishing, entertainment & transit and other end users), application (lottery & gaming, label & tickets and other applications) and technology (direct thermal and thermal transfer), across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

For More Insights: http://www.globenewswire.com/en/news-release/2019/07/30/1893676/0/en/Mill-Availability-Safety-Emerge-Imperative-for-Mill-Liner-Market-Players-Faster-Replacement-to-Remain-Key-Competition-Determinant-Fact-MR.html

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