Thermal Paper Market Research Report - Global Forecast till 2030

Thermal Paper Market: Information by Technology (Direct Thermal, Thermal Transfer, and Others), Application (Point-Of-Sale (POS), Lottery & Gaming, Labels & Tags, and Others), and Region (North America, Europe, Asia-Pacific, and the Rest of the World)—Forecast till 2030

ID: MRFR/PNT/0378-CR | October 2020 | Region: Global | 118 pages

Impact of COVID-19 on the Global Thermal Paper Market
Thermal Paper Market


The COVID-19 pandemic has significantly impacted the majority of the industries across the world. The companies are focusing on diversifying their business to minimize risks in order to survive in the market during the pandemic. The novel Coronavirus has also impacted the paper industry. Due to the rapid spread of COVID-19 across various countries, partial or complete lockdowns have been imposed by governments across the globe, which has resulted in the closing of malls, shopping centers, and other businesses. The rising trend of instant billing in shopping centers and malls has propelled the growth of the thermal paper market, which has seen a decline during the COVID-19 pandemic. Additionally, the rising awareness regarding lowering the utilization of thermal paper for billing and increasing online transactions has promoted the use of digital receipts to maintain social distancing and curb the spread of the virus. This is hindering the growth of the thermal paper market.


The market is driven by the increasing use of thermal paper for printing transaction receipts paper due to its high durability. These receipts are widely adopted in the hospital billing application. However, in order to reduce the spread of the virus, online transactions are being preferred. The novel Coronavirus is significantly affecting the healthcare system and posing health risks to both workers as well as patients in the hospitals.


The POS segment holds the largest market share owing to the growth of the retail industry in growing economies such as India and China. Moreover, the increasing number of supermarkets in leading economies is expected to drive the growth of POS terminal applications and thus fuel the growth of the market. Due to COVID-19, many countries are still under lockdown, and retailers are finding new ways to meet the increasing e-commerce demands. The pandemic has positively impacted the e-commerce industry, as precautionary measures such as social distancing need to be implemented during the pandemic. These digital transactions negatively impact the growth of the thermal paper market.


Yearwise analysis of Thermal Paper Roll import to India (USD MILLION)

1 Executive Summary

2 Introduction

2.1 Definition 13

2.2 Scope of the Study 13

2.3 Assumptions 13

2.4 Market Structure 14

3 Research Methodology

3.1 Research Process 15

3.2 Primary Research 16

3.3 Secondary Research 16

3.4 Market Size Estimation 16

3.5 Forecast Model 18

4 Market Dynamics

4.1 Drivers 20

4.1.1 Growth in packaged food industries 20

4.1.2 Growth in pharmaceutical industry 21

4.1.3 Increase in the number of ATM machines 22

4.1.4 Growth in retail industry 22

4.2 Restraints 23

4.2.1 Fluctuating supply and prices of raw materials 23

4.2.2 Availability of skilled labor 23

4.3 Opportunities 24

4.3.1 Significant growth in Italy gaming industry and favourable government initiatives 24

5 Market Factor Analysis

5.1 Porter's Five Forces Analysis 25

5.1.1 Threat of New Entrants 26

5.1.2 Bargaining Power of Suppliers 26

5.1.3 Bargaining Power of Buyers 26

5.1.4 Threat of Substitutes 26

5.1.5 Rivalry 26

5.2 Value Chain Analysis 27

5.3 Economic Parameter and Trends 28

5.3.1 North America 28

5.3.2 Europe 31

5.3.3 Asia Pacific 33

6 Global Thermal Paper Market, By Technology

6.1 Overview 36

6.1.1 Direct Thermal 36

6.1.2 Thermal Transfer 36

7 Global Thermal Paper Market, By Application

7.1 Overview 39

7.1.1 POS 39

7.1.2 Lottery & Gaming 39

7.1.3 Labels & Tags 39

7.1.4 Others 40

8 Global Thermal Paper Market, By Region

8.1 Introduction 43

8.2 North America 46

8.2.1 U.S. 50

8.2.2 Canada 53

8.3 Europe 55

8.3.1 Germany 59

8.3.2 U.K. 61

8.3.3 France 62

8.3.4 Spain 64

8.3.5 Italy 66

8.3.6 Rest of Europe 68

8.4 Asia Pacific 70

8.4.1 China 73

8.4.2 Japan 75

8.4.3 India 77

8.4.4 Rest of Asia Pacific 79

8.5 Rest of the World 81

8.5.1 South America 84

8.5.2 Middle East & Africa 86

9 Competitive Scenario

9.1 Competitive Landscape 88

9.2 Competitive Benchmarking 89

9.3 Capacity Expansion 90

10 Company Profile

10.1 Ricoh Company Ltd. 91

10.1.1 Company Overview 91

10.1.2 Financial Overview 91

10.1.3 Product/Service Offering 92

10.1.4 Strategy 92

10.1.5 Key Developments 93

10.1.6 SWOT Analysis 93

10.2 Oji Paper (Thailand) Ltd. 94

10.2.1 Company Overview 94

10.2.2 Financial Overview 94

10.2.3 Product/Service Offering 95

10.2.4 Strategy 96

10.2.5 SWOT Analysis 97

10.3 Jujo Thermal Ltd. 98

10.3.1 Financial Overview 98

10.3.2 Product/Service Offering 99

10.3.3 Strategy 100

10.3.4 Key developments 100

10.3.5 SWOT Analysis 101

10.4 Mitsubishi Paper Mills Ltd. 102

10.4.1 Company Overview 102

10.4.2 Financial Overview 102

10.4.3 Product/Service Offering 103

10.4.4 Strategy 106

10.4.5 SWOT 107

10.5 Hansol paper Co. Ltd. 108

10.5.1 Company Overview 108

10.5.2 Financial Overview 108

10.5.3 Product/Service Offering 109

10.5.4 Strategy 110

10.5.5 SWOT 110

10.6 Appvion, Inc. 111

10.6.1 Company Overview 111

10.6.2 Financial Overview 111

10.6.3 Product/Service Offering 112

10.6.4 Strategy 112

10.6.5 Key Developments 113

10.7 Koehler Paper Group 114

10.7.1 Company Overview 114

10.7.2 Financial Overview 114

10.7.1 Product Offering 114

10.7.2 Strategy 115

10.8 Nakagawa Manufacturing (USA), Inc. 116

10.8.1 Company Overview 116

10.8.2 Financial Overview 116

10.8.3 Product Offering 116

10.8.4 Strategy 117

11 List of Tables

TABLE 1 MARKET SYNOPSIS 12

TABLE 2 U.S.: USAGE OF BANKING SERVICES, 2015 (%) 30

TABLE 3 GLOBAL THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 37

TABLE 4 GLOBAL THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 37

TABLE 5 GLOBAL THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 40

TABLE 6 GLOBAL THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (KT) 41

TABLE 7 GLOBAL THERMAL PAPER MARKET, BY REGION, 2020-2027 (USD MILLION) 45

TABLE 8 GLOBAL THERMAL PAPER MARKET, BY REGION, 2020-2027 (KT) 45

TABLE 9 NORTH AMERICA: INTERNET PENETRATION (%) 46

TABLE 10 NORTH AMERICA: SHARE OF E-COMMERCE IN GDP, 2015 (%) 46

TABLE 11 NORTH AMERICA: THERMAL PAPER MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 47

TABLE 12 NORTH AMERICA: THERMAL PAPER MARKET, BY COUNTRY, 2020-2027 (KT) 48

TABLE 13 NORTH AMERICA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 48

TABLE 14 NORTH AMERICA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 49

TABLE 15 NORTH AMERICA: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 49

TABLE 16 NORTH AMERICA: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027(KT) 50

TABLE 17 U.S.: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 51

TABLE 18 U.S.: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 51

TABLE 19 U.S.: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2020-2027 (USD MILLION) 52

TABLE 20 U.S.: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2020-2027 (KT) 52

TABLE 21 CANADA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 53

TABLE 22 CANADA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 53

TABLE 23 CANADA: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2020-2027 (USD MILLION) 54

TABLE 24 CANADA: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2020-2027 (KT) 54

TABLE 25 EUROPE: THERMAL PAPER MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 55

TABLE 26 EUROPE: THERMAL PAPER MARKET, BY COUNTRY, 2020-2027 (KT) 56

TABLE 27 EUROPE: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 56

TABLE 28 EUROPE: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 57

TABLE 29 EUROPE: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 57

TABLE 30 EUROPE: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (KT) 58

TABLE 31 GERMANY: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 59

TABLE 32 GERMANY: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 59

TABLE 33 GERMANY: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 60

TABLE 34 GERMANY: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (KT) 60

TABLE 35 U.K.: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 61

TABLE 36 U.K.: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 61

TABLE 37 FRANCE: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 62

TABLE 38 FRANCE: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 62

TABLE 39 FRANCE: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (KT) 63

TABLE 40 FRANCE: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (KT) 63

TABLE 41 SPAIN: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 64

TABLE 42 SPAIN: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 64

TABLE 43 SPAIN: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2020-2027 (USD MILLION) 65

TABLE 44 SPAIN: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2020-2027 (KT) 65

TABLE 45 ITALY: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 66

TABLE 46 ITALY: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 66

TABLE 47 ITALY: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2020-2027 (USD MILLION) 66

TABLE 48 ITALY: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2020-2027 (KT) 67

TABLE 49 REST OF EUROPE: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 68

TABLE 50 REST OF EUROPE: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 68

TABLE 51 REST OF EUROPE: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 69

TABLE 52 REST OF EUROPE: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027(KT) 69

TABLE 53 ASIA PACIFIC: THERMAL PAPER MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 70

TABLE 54 ASIA PACIFIC: THERMAL PAPER MARKET, BY COUNTRY, 2020-2027 (KT) 70

TABLE 55 ASIA PACIFIC: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 71

TABLE 56 ASIA PACIFIC: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 71

TABLE 57 ASIA PACIFIC: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 72

TABLE 58 ASIA PACIFIC: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (KT) 72

TABLE 59 CHINA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 73

TABLE 60 CHINA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 73

TABLE 61 CHINA: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 74

TABLE 62 CHINA: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (KT) 74

TABLE 63 JAPAN: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 75

TABLE 64 JAPAN: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 75

TABLE 65 JAPAN: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 76

TABLE 66 JAPAN: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (KT) 76

TABLE 67 INDIA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 77

TABLE 68 INDIA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 77

TABLE 69 INDIA: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 78

TABLE 70 INDIA: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (KT) 78

TABLE 71 REST OF ASIA PACIFIC: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 79

TABLE 72 REST OF ASIA PACIFIC: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 79

TABLE 73 REST OF ASIA PACIFIC: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 80

TABLE 74 REST OF ASIA PACIFIC: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (KT) 80

TABLE 75 ROW: THERMAL PAPER MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 81

TABLE 76 ROW: THERMAL PAPER MARKET, BY COUNTRY, 2020-2027 (KT) 81

TABLE 77 ROW: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 82

TABLE 78 ROW: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 82

TABLE 79 ROW: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 83

TABLE 80 ROW: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (KT) 83

TABLE 81 SOUTH AMERICA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 84

TABLE 82 SOUTH AMERICA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 84

TABLE 83 SOUTH AMERICA: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 85

TABLE 84 SOUTH AMERICA: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027(KT) 85

TABLE 85 MIDDLE EAST & AFRICA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 86

TABLE 86 MIDDLE EAST & AFRICA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2020-2027 (KT) 86

TABLE 87 MIDDLE EAST & AFRICA: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 87

TABLE 88 MIDDLE EAST & AFRICA: THERMAL PAPER MARKET, BY APPLICATION, 2020-2027 (KT) 87

TABLE 89 RAK CERAMICS: KEY DEVELOPMENTS, 2020-2027 100

12 List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR 15

FIGURE 2 TOP DOWN & BOTTOM-UP APPROACH 17

FIGURE 3 GLOBAL THERMAL PAPER MARKET: DRIVERS, RESTRAINTS AND TRENDS 19

FIGURE 4 GLOBAL PROCESSED FOOD & BEVERAGES SALES. BY REGION, 2000 AND 2013, (VOLUME SALES, KILOTONS) 20

FIGURE 5 PHARMACEUTICAL SPENDING PER CAPITA, 2020 (USD MILLION) 21

FIGURE 6 GLOBAL: ATMS PER 100,000 ADULTS, 2020-2027 22

FIGURE 7 GLOBAL THERMAL PAPER MARKET: DRIVERS IMPACT ANALYSIS 23

FIGURE 8 GLOBAL THERMAL PAPER MARKET: BARRIERS IMPACT ANALYSIS 24

FIGURE 9 PORTER'S 5 FORCES ANALYSIS OF GLOBAL THERMAL PAPER MARKET 25

FIGURE 10 VALUE CHAIN ANALYSIS OF GLOBAL THERMAL PAPER MARKET 27

FIGURE 11 NORTH AMERICA: E-COMMERCE TURNOVER, 2020-2027 (USD BILLION) 29

FIGURE 12 ESTIMATED ANNUAL U.S. RETAIL TRADE SALES, 2020-2027 (USD MILLION) 29

FIGURE 13 EU: RETAIL SECTOR SHARE, 2020 (%) 32

FIGURE 14 GLOBAL THERMAL PAPER MARKET, BY TECHNOLOGY, 2020 (IN %) 36

FIGURE 15 GLOBAL THERMAL PAPER MARKET, BY APPLICATION, 2020 (IN %) 40

FIGURE 16 GLOBAL RETAIL SALES SHARE, BY COUNTRY, 2020 (%) 43

FIGURE 17 THERMAL PAPER MARKET SHARE, BY REGION, 2020 (IN %) 44

FIGURE 18 NORTH AMERICA THERMAL PAPER MARKET SHARE, BY COUNTRY, 2020 (%) 47

FIGURE 19 U.S. ESTIMATED E-COMMERCE SALES, 2020-2027 (USD MILLION) 50

FIGURE 20 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL THERMAL PAPER MARKET, 2020-2027, (%) 88

FIGURE 21 GLOBAL THERMAL PAPER MARKET: COMPETITIVE BENCHMARKING 89

FIGURE 22 RICOH COMPANY: TOTAL REVENUE VS SEGMENTAL REVENUE, 2020-2027 (USD MILLION) 91

FIGURE 23 RICOH COMPANY: GEOGRAPHIC REVENUE MIX, 2020 (%) 92

FIGURE 24 RICOH COMPANY: KEY DEVELOPMENTS, 2020-2027 (%) 93

FIGURE 25 OJI PAPER (THAILAND) LTD.: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 94

FIGURE 26 OJI PAPER (THAILAND) LTD.: GEOGRAPHICAL REVENUE MIX, 2020 (%) 95

FIGURE 27 NIPPON PAPER GROUP: TOTAL REVENUE VS SEGMENTAL REVENUE, 2020-2027 (USD BILLION) 98

FIGURE 28 MITSUBISHI PAPER MILLS LTD.: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 102

FIGURE 29 MITSUBISHI PAPER MILLS LTD.: GEOGRAPHIC REVENUE MIX, 2020 (%) 103

FIGURE 30 HANSOL PAPER CO. LTD.: TOTAL REVENUE, 2020-2027 (USD MILLION) 108

FIGURE 31 APPVION, INC.: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 111

FIGURE 32 APPVION, INC.: KEY DEVELOPMENTS, 2020-2027 (%) 113