North America Thermal Paper Market is expected to grow with the CAGR of 6.7% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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North America thermal paper market is a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in North America thermal paper market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in May 2020, Domtar Corporation had decided to expand the Thermal POS Paper Market and for this the company has taken the thermal paper coater as well as related equipment in West Carrollton, Ohio. The business expansion helps in increasing the market share of the company in Thermal POS Paper which generate revenue in the future.
Mitsubishi HiTec Paper Europe GmbH (a subsidiary of MITSUBISHI PAPER MILLS LIMITED) is the dominating player in the North America thermal paper market. The other key players existing in the thermal paper market includes NIPPON PAPER INDUSTRIES CO., LTD., Appvion Operations, Inc., Kanzaki Specialty Papers Inc. (a subsidiary of Oji Holdings Corporation), Domtar Corporation, Ricoh Industrie France SAS (a subsidiary of Ricoh), Lecta Group Companies, Papierfabrik August Koehler SE, HANKUK PAPER MFG.CO.LTD., Thermal Solutions International, Inc., Rotolificio Bergamasco Srl, NAKAGAWA Manufacturing (USA), Inc. among others.
Mitsubishi HiTec Paper Europe GmbH (a subsidiary of MITSUBISHI PAPER MILLS LIMITED) is headquartered in Bielefeld, Germany and was founded in 1799. The company is engaged in production of coated inkjet papers, thermal papers, carbonless papers, label papers and barrier papers. The company have wide range of products under categories such as jetscript, thermoscript, giroform, supercote and barricote out of which thermoscript is the market focused category.
The company has wide global presence across the North America, Europe, Asia-Pacific, Middle East and Africa and South America.
NIPPON PAPER INDUSTRIES CO., LTD.:
NIPPON PAPER INDUSTRIES CO., LTD. is headquartered in Tokyo, Japan and was founded in 1949. The company focuses on various businesses such as paper, paper-pak, chemicals, energy, agriculture, cellulose nanofibre, forest products and leisure. The company deals in multiple business segments such as paper and paperboard, daily-life products, energy, wood products and construction related among which paper and paperboard is the market focused segment. The company offers wide range of products under categories such as paper products and others out of which paper products is the market focused category.
The company has wide global presence across Asia, Oceania, North and South America, Europe and Africa. The company generates revenue through various subsidiaries such as Nippon Paper Crecia (Japan), Australian Paper (Australia), NP Trading Co. Ltd (Japan), Nippon Paper Papylia Co. Ltd (Japan), Nippon Paper Chemicals Co. Ltd. (Japan) among others.
Appvion Operations, Inc.:
Appvion Operations, Inc. is headquartered in Wisconsin, U.S. and was founded in 1907. The company is engaged in the manufacturing of carbonless, thermal as well as security paper. The company has products under categories which are thermal, carbonless, security, colored papers, inkjet, converting papers, packaging & specialty coating and antimicrobial out of which thermal is the market focused category.
The company has wide presence in the U.S. and Canada.