Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3700 million | USD 5400 million | 4.3% | 2021 |
FrequentlyAsked Questions
The increasing demand for labelling to provide a complete and detailed description of products, especially in the food & beverage sector is the major factor fueling the demand for the global thermal paper market.
According to the report, the global thermal paper market size was worth around USD 3.7 billion in 2021 and is predicted to grow to around USD 5.4 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.3% between 2022 and 2030.
The global thermal paper market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market owing to the rapid expansion of retail chains owing to the increasing consumer preference for easily accessible consumer goods.
The global thermal paper market is dominated by players like Jiangsu Wampolet Paper Co., Ltd., Hansol Paper Co Ltd, Guangdong Guanhao High-Tech Co., Ltd., PM Company L.L.C., Henan Province JiangHe Paper Co., Ltd., Shandong Chenming Paper Holdings Ltd, Ricoh Company, Ltd., Jujo Thermal Ltd., Siam Paper Public Company Limited, Nakagawa Manufacturing (USA), Inc., Koehler Paper Group, Oji Holdings Corporation, Mitsubishi Paper Mills Limited, Appvion Incorporated, Kanzaki Specialty Papers Inc., Domtar Corporation, Lecta Group, SIAM EXPORT LTD PARTNERSHIP, Iconex LLC, Twin Rivers Paper Company, Rotolificio Bergamasco Srl, Thermal Solutions International, Inc., GOLD HUASHENG PAPER CO., Papierfabrik August Koehler SE, and Ricoh Company Ltd., among others.
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