Ricoh Electronics, Inc., UPM, AVERY DENNISON CORPORATION Dominated the Indonesia Direct Thermal Paper Market in 2021

The Indonesia Direct Thermal Paper Market is expected to grow with a CAGR of 5.7% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below.

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The Indonesia direct thermal paper is a highly consolidated market, including a specific number of key players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in the Indonesia direct thermal paper market are introducing a strong range of products providers, launching new products, and adopting strategic initiatives such as acquisition, agreement, business expansion, award, and recognition. This helped companies to maximize sales with an enhanced product portfolio.

For instance,

  • In November 2019, UPM Raflatac announced its European product portfolio of thermal label papers and films is now BPA-free as Bisphenol A (BPA) will no longer be allowed to make thermal paper in the European Union. This has helped the company to attract more customer base who are looking for BPA free products

Ricoh Electronics, Inc. is the dominating player in the Indonesia direct thermal paper market. The other key players in the market are Honeywell International Inc., MITSUBISHI PAPER MILLS LTD, UPM, Appvion Operations, Inc., AVERY DENNISON CORPORATION, LINTEC Corporation., Asia Pulp & Paper (APP) Sinar Mas., and Panda Paper Roll, among others.

 Indonesia Direct Thermal Paper Market Ricoh Electronics, Inc.

Ricoh Electronics, Inc. is headquartered in Pennsylvania, U.S., and was established in 1973. It has private ownership. The company focuses on high-quality toner, thermal media products and solutions, inkjet and production printer products, and recycled toner cartridges. The business segments are Office Printing, Office Service, Commercial Printing, Industrial Printing, Thermal, and Others. In which Thermal is the market-focused segment. The company has several product categories, including Direct Thermal Media, Surplus Rolls, Toner Equipment and Supplies, Digital Imaging System, Anajet, and Thermal Transfer Ribbons. Direct Thermal Media is the market-focused category.

For instance,

  • In September 2021, Ricoh Electronics, Inc., expanded its decade-long partnership with the Philadelphia Eagles to digitize the team's information management processes using DocuWare. This partnership has helped the company to attract employees

The company has a wide presence across the U.S.

UPM

UPM was founded in the year 1970, headquartered in Helsinki, Finland. It has private ownership. The company focuses on creating high-performing labeling materials for branding and promotion, informational labels, and labels with functionality. The company has product categories such as Paper labels, Film labels, and Liners under which Paper labels are the market-focused category.

For instance,

  • In January 2021, UPM Raflatac developed Linerless OptiCut with adhesive technology for the primary direct thermal linerless end-use environments. It prevents paper jamming and provides excellent adhesion with minimal adhesive build-up in a wide variety of applications. This product launch has helped the company to widen its product portfolio

The company has a presence across Asia-Pacific, Europe, Middle East and Africa, South America, North America.

AVERY DENNISON CORPORATION

AVERY DENNISON CORPORATION was founded in the year 1935, headquartered in Ohio, United States. It has public ownership. The company specializes in the design and manufacture of a wide variety of labeling and functional materials. The company operates its business via several business categories, including Label and Graphic Materials, Retail Branding and Information Solutions, Industrial and Healthcare Materials. In which Label and Graphic Materials is the market-focused segment.

The company has product categories such as Paper Labeling Solutions, Thermal Printing, Sustainable Solutions, Premium Decorative Solutions, Hot Melt Adhesives, in which Thermal Printing is the market-focused category.

For instance,

  • In January 2021, AVERY DENNISON CORPORATION introduced rDT, the first commercially available direct thermal paper labels to contain recycled post-consumer waste. rDT is a BPA-free, FSC certified direct thermal uncoated paper that contains post-consumer recycled waste. This product launch has helped the company to widen its product portfolio

The company has a presence across Asia-Pacific, Europe, Middle East and Africa, South America, North America. The company also has various subsidiaries, including Avery Corp. (U.S.), AVERY DENNISON COLOMBIA S. A. (U.S.), AVERY DENNISON POLSKA SP. Z O.O.(Poland), AVERY DENNISON HUNGARY ltd (Hungary), MACtac Deutschland GmbH (Germany).