The global thermal paper market is expected to reach USD 5.52
billion by 2025, according to a new report conducted by Grand View Research,
Inc. The growing importance of POS, a primary tool of monetary transaction, in
retail outlets, supermarkets, and warehouses as a result of technological
advancement by CISCO is expected to drive market growth.
The emergence of supply chain
management in the manufacturing sector as a key planning parameter for
monitoring operational flow from raw material suppliers to buyers is expected
to increase spending on labeling. This factor in turn, will promote the usage
of thermal paper over the forecast period.
Lottery & gaming is projected
to foresee volume growth at a CAGR of 5.2% from 2016 to 2025. The rising number
of casinos and lottery machines in destinations including Macau, Singapore,
Vietnam, Malaysia, and Mauritius as a result of increasing tourism spending
amid the availability of attractive packages through e-commerce portals is
expected to increase the requirement of thermal paper in the near future.
Browse full research report on Thermal Paper Market: http://www.grandviewresearch.com/industry-analysis/thermal-paper-market
Further key findings from
the report suggest:
- MEA is projected to foresee revenue growth at a CAGR
of 7.8% from 2016 to 2025. Population growth and rising disposable income
in Saudi Arabia and UAE is expected to play a significant role in
increasing the number of new supermarkets and consumer goods retail
outlets. As a result, the above-mentioned favorable factors are projected
to increase the demand for POS which, in turn, will have a significant
impact.
- Thermal transfer technology generated a revenue of
USD 1.11 billion in 2015. Manufacturers use the technology for
manufacturing labels, tags, and tickets to provide multi-color images in
the paper.
- Europe accounted for 28% of the global volume in
2015. The emergence of Europe as manufacturing hub for the production of
dietary supplements and nutritional products in light of rising
expenditure by prebiotics manufacturers such as Beneo (Belgium) and
FrieslandCampina Domo (Netherlands) is expected to promote the use of
labels and tags.
- Major manufacturers include Appvion, Oji Holdings
Corporation, Ricoh Company, Ltd., Koehler Paper, PM Company, Siam Paper,
Jujo, Mitsubishi Paper Mills (MPM) Limited, and Nakagawa.
- In April 2015, Jujo Thermal announced an investment
of USD 7.7 million for enhancing the productivity and incorporating
technology at its Kauttua Mill, Finland.
Grand View Research has segmented the global thermal paper
market on the basis of technology, application, and region:
Technology Outlook (Volume, Kilo Tons; Revenue, USD
Million; 2014 - 2025)
- Direct
Thermal
- Thermal
Transfer
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD
Million; 2014 - 2025)
- POS
- Lottery
& Gaming
- Tags
& Label
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million;
2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- Asia
Pacific
- China
- Japan
- Central
& South America
- Brazil
- MEA
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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