Thermal Paper Market Size Worth To Reach $5.52 Billion By 2025: Grand View Research, Inc.
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.
Full
Research Report On Global Thermal Paper Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/thermal-paper-market
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.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
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
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-thermal-paper-market
www.grandviewresearch.com/press-release/global-thermal-paper-market
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.
For More
Information: www.grandviewresearch.com
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