Market Size in 2022 | Market Forecast in 2030 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 671.44 million | USD 1203.65 million | CAGR at 7.71% | 2022 |
According to the report published by Zion Market Research, the global Direct Thermal Ticket Paper market size was valued at USD 671.44 million in 2022 and is predicted to reach USD 1203.65 million by the end of 2030. The market is expected to grow with a CAGR of 7.71% during the forecast period. The report analyzes the global Direct Thermal Ticket Paper market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Direct Thermal Ticket Paper industry.
Direct thermal ticket paper is a type of specialty paper that changes color when comes in contact with heat without the use of any traditional ink. These papers are specially made for use with the thermal printing method. In the direct thermal heating process, the machine heats the paper while passing through the thermal head results in the appearance of special thermal images. Due to the presence of a coating pigment the direct thermal ticket paper is likely to change the color when exposed to light or heat. This thermal ticket paper is very durable and possesses high sensitivity to external adulteration.
The global direct thermal ticket paper market is growing at a significant rate. Factors that are contributing to the healthy growth of the market include the growing demand for thermal ticket papers for lottery & gaming, admission, and transport tickets. The requirements for papers for lottery and betting tickets are high. There are few areas in which it is more important to ensure that the paper used features top protection against environmental impacts and that validity & readability are not affected irrespective of the pressures to which the papers are exposed to.
Moreover, while visiting a cinema, concert, sporting event, or visiting an amusement park the admission in the premise is granted based upon the printed ticket. Similarly, in the traveling industry adoption of thermal tickets is rapidly increasing. Traveling through train, plane, ferry, or car requires printed tickets whether it is as a boarding pass, a travel ticket for the train, the bus or a ferry, ATB or baggage tag, or as a pay & display parking ticket. Thus, the demand for thermal ticket paper is increasing in these areas which in turn are boosting the growth of the global direct thermal ticket paper market.
Furthermore, the expanding use of direct thermal ticket paper in almost every sector and heavy investments by the major players to meet the growing demand may lead to ample opportunities for the growth of the global direct thermal ticket paper market over the forecast period. However, the manufacturing and processing of the thermal ticket paper require high initial costs that may hinder the growth of the global direct thermal ticket paper market. In addition to this, the boom in digitalization may also limit the growth of the market.
The sudden emergence of the outbreak of the Covid-19 has adversely affected the global thermal ticket paper market. The prime reason is the decline in the demand for direct thermal ticket paper. Most of the governments across the world had to impose complete lockdown and restrictions on movement to control the spread of the infection. Due to such rules, the transportation sector is been adversely affected. All the domestic and international flights were canceled. Also, the working of public transport was completely ceased. In addition to this, entertainment and sports activities were also been halted. These factors altogether hampered the demand for the direct thermal ticket paper, thereby affecting the overall market growth during the pandemic.
The global direct thermal ticket paper market is fragmented based on thickness, application, and region. Based on the thickness, the global direct thermal ticket paper market is bifurcated into Up to 70 GSM, 70 GSM-90 GSM, 90 GSM-120 GSM, and above 120 GSM. The application segment is classified into admission/event tickets, transport tickets, barcode tickets, tote & gaming tickets, lottery tickets, custom tickets, baggage counter tickets, barcode tickets, valet parking, bill tickets, and others.
Report Attributes | Report Details |
---|---|
Report Name | Direct Thermal Ticket Paper Market Research Report |
Market Size in 2022 | USD 671.44 million |
Market Forecast in 2030 | USD 1203.65 million |
Growth Rate | CAGR of 7.71% |
Number of Pages | 198 |
Key Companies Covered | Henan Province JiangHe Paper Co., Ltd., Hansol Paper Co. Ltd., AhlstromMunksjö Oyj, Nippon Paper Industries Co., Koehler paper, Ricoh Company, Ltd., UPM-Kymmene Oyj, Hansol Paper Co. Ltd., AhlstromMunksjö Oyj, and Domtar Corporation |
Segments Covered | By Thickness, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Among the regions, in terms of revenue, North America is predicted to hold the largest share in the global direct thermal ticket paper market. This is attributable to the rapidly growing entertainment industry and growing demand for direct thermal ticket paper for cash coupons, lottery tickets, & baggage counter tickets. The market in the Asia Pacific region is estimated to grow at a faster rate and offers several growth opportunities during the forecast period. The rise in public transportation and growing usage of bill receipts & ATM rolls are the key features that are propelling the growth of the market in this region.
The Global Thermal Ticket Paper Market is segmented as follows:
By Thickness
By Application
What Reports Provides
FrequentlyAsked Questions
The global direct thermal ticket paper market is growing at a significant rate. Factors that are contributing to the healthy growth of the market include the growing demand for thermal ticket papers for lottery and gaming, admission, and transport tickets. Furthermore, the expanding use of direct thermal ticket paper in almost every sector and heavy investments by the major players to meet the growing demand may lead to ample opportunities for the growth of the global direct thermal ticket paper market over the forecast period.
Henan Province JiangHe Paper Co., Ltd., Hansol Paper Co. Ltd., AhlstromMunksjö Oyj, Nippon Paper Industries Co., Koehler paper, Ricoh Company, Ltd., UPM-Kymmene Oyj, Hansol Paper Co. Ltd., AhlstromMunksjö Oyj, and Domtar Corporation are the major players in the global direct thermal ticket paper market.
Among the regions, in terms of revenue, North America is predicted to hold the largest share in the global direct thermal ticket paper market. This is attributable to the rapidly growing entertainment industry and growing demand for direct thermal ticket paper for cash coupons, lottery tickets & baggage counter tickets.
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