Thermal Paper Market Research Report - Global Forecast till 2030

Impact of COVID-19 on the Global 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)