North America Thermal Paper Market, By Width (57mm, 80mm, and Others), Technology (Direct Transfer, Thermal Transfer, and Others), Application (Thermal Label, Thermal Ticket and Tags, Thermal POS and Others), End-Use (Food, Industrial, Logistic, Pharmaceutical, Retail, Bank, Entrance, Lottery and Gaming, Parking, Transportation Tickets, Self-Service Kiosks, ATM, Cash Register, Coupon, Guarantee Receipts and Others) - Industry Trends and Forecast to 2031.
North America Thermal Paper Market Analysis and Size
The thermal paper market encompasses various applications including thermal labels, used extensively in logistics and shipping for barcode printing; thermal tickets and tags, prevalent in transportation for boarding passes and luggage tags; and thermal POS (point of sale) rolls, commonly found in retail environments for printing receipts. These applications leverage the heat-sensitive coating to produce high-quality, durable prints without the need for ink.
Data Bridge Market Research analyses that the North America thermal paper market which was USD 6,23,361.22 thousand in 2023, is expected to reach USD 10,47,261.50 thousand by 2031, growing at a CAGR of 6.7% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024-2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Width (57mm, 80mm, and Others), Technology (Direct Transfer, Thermal Transfer, and Others), Application (Thermal Label, Thermal Ticket and Tags, Thermal POS and Others), End-Use (Food, Industrial, Logistic, Pharmaceutical, Retail, Bank, Entrance, Lottery and Gaming, Parking, Transportation Tickets, Self-Service Kiosks, ATM, Cash Register, Coupon, Guarantee Receipts and Others)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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Mitsubishi HiTec Paper Europe GmbH (Germany), Nippon Paper Industries Co., Ltd. (Japan), Appvion Operations, Inc. (U.S.), Kanzaki Specialty Papers Inc. (Japan), Domtar Corporation (U.S.), Ricoh Industrie France SAS (France), Lecta Group Companies (Spain), Papierfabrik August Koehler SE (Germany), Hankuk Paper Mfg. Co. Ltd. (South Korea), Thermal Solutions International, Inc. (U.S.), Siam Nippon Industrial Paper Co., Ltd. (Thailand), Nakagawa Manufacturing (USA), Inc. (U.S.), Deli Group Co., Ltd. (China)
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Market Opportunities
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Market Definition
Thermal paper is a specialty paper coated with a chemical formulation that changes color when exposed to heat. It is commonly used in thermal printers, where heat from the printhead causes the coating to react, producing text or images without the need for ink or toner.
North America Thermal Paper Market Dynamics
Drivers
- Expansion of Online Food Delivery Services Globally
As more consumers opt for the convenience of ordering meals online, there is a corresponding increase in the demand for printed receipts to accompany these transactions. Thermal paper serves as a vital component in this process, as it enables quick and efficient printing of order details, ensuring seamless transactions for both customers and businesses. Thus, the expansion of online food delivery services globally fuels the growth of the thermal paper market.
- Advancements Driving Printing Technology Innovation and Efficiency
The innovations enhance the efficiency and quality of printing processes, leading to increased demand for thermal paper. Improved printing mechanisms enable sharper image reproduction and faster printing speeds, catering to the growing needs of various industries. Additionally, technological advancements contribute to the development of specialized thermal papers tailored to specific applications, further driving market growth. Thus, advancements driving printing technology innovation and efficiency serve as a key driver for the expansion of the thermal paper market.
Opportunities
- Partnerships with POS System Providers for Mutual Growth
Strategic partnerships enable thermal paper manufacturers to align products with evolving POS technology, ensuring seamless compatibility and optimal performance. These alliances foster mutual growth, leveraging strengths to enhance offerings and expand market reach. Closely working with POS system providers allows thermal paper suppliers to capitalize on emerging trends and technological advancements, driving innovation and market penetration. Thus, partnerships with POS system providers represent a promising opportunity for the thermal paper market to thrive.
- Growth Potential in Transportation and Logistics Sectors
The transportation and logistics industries heavily rely on documentation for tracking shipments, managing inventory, and processing orders. Thermal paper plays a crucial role in printing various documents such as shipping labels, receipts, and invoices efficiently. With the continued expansion of e-commerce and global trade, the demand for thermal paper in transportation and logistics is poised to increase. This presents a lucrative opportunity for thermal paper manufacturers to cater to the growing needs of these sectors.
Restraints/Challenges
- Price Volatility of Raw Materials Impacting Production Costs
Fluctuations in material prices, such as chemicals and coatings used in thermal paper production, directly affect manufacturing expenses. As production costs rise due to unstable raw material prices, companies may face challenges in maintaining competitive pricing and profit margins. This restraint limits the ability of thermal paper manufacturers to forecast costs accurately and can hinder investment in research and development for innovation within the market.
- Vulnerability to Heat and Sunlight Affecting Print Quality
Exposure to elevated temperatures or prolonged sunlight diminishes print readability and durability over time. This limitation impairs the effectiveness of thermal paper in applications requiring prolonged document preservation or outdoor use. Consequently, industries reliant on thermal paper solutions may encounter issues with print legibility and overall quality, impacting their operational efficiency and customer satisfaction.
This North America thermal paper market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the North America thermal paper market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In November 2022, Koehler Paper, a German thermal paper manufacturer, raised prices by 8% effective from February 1, 2023, citing escalating development costs of chemicals, pulps, logistics, and personnel. This price hike reflects the impact of rising operational expenses on the thermal paper market, potentially influencing industry dynamics and customer purchasing behavior
- In March 2022, Oji Imaging Media Co. Ltd. disclosed plans to enhance thermal paper production at KANZAN Spezialpapiere GmbH, Germany. The expansion aims to boost output capacity, reinforcing their market presence and competitiveness in meeting growing demands within the thermal paper market
- In December 2021, Wynnchurch Capital, L.P. finalized an acquisition of a majority of assets belonging to Appvion Holding Corp. and its subsidiaries. This agreement is poised to inject new resources into the thermal paper market, fostering opportunities for expansion and innovation within the industry, potentially shaping its competitive landscape
- In October 2020, Mitsubishi HiTec Paper Europe GmbH received recognition from the Chamber of Industry and Commerce for exceptional training in paper machine technology. This accolade enhances the company's reputation, fostering customer trust and loyalty, ultimately contributing to increased revenue in the competitive thermal paper market
North America Thermal Paper Market Scope
The North America thermal paper market is segmented on the basis of into width, technology, application and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Width
- 57mm
- 80mm
- Others
Technology
- Direct Transfer
- Thermal Transfer
- Others
Application
- Thermal Label
- Thermal Ticket and Tags
- Thermal POS
- Others
End-Use
- Food
- Industrial
- Logistic
- Pharmaceutical
- Retail
- Bank
- Entrance
- Lottery and Gaming
- Parking
- Transportation Tickets
- Self-Service Kiosks
- ATM
- Cash Register
- Coupon
- Guarantee Receipts
- Others
North America Thermal Paper Market Regional Analysis/Insights
The North America thermal paper market is analysed and market size insights and trends are provided by into width, technology, application and end-use as referenced above.
The countries covered in the North America thermal paper market report are U.S., Canada and Mexico in North America.
The U.S. leads the North America thermal paper market with the highest market share, driven by extensive manufacturing and consumption of thermal paper products. Significant innovations and developmental efforts in manufacturing contribute to the country's growth, solidifying its position as a key player in the market.
Canada holds a prominent position in the North America thermal paper market with the second-highest market share. The increasing demand for POS thermal receipts drives application expansion, contributing to Canada's market dominance. This growth underscores the country's significance in the regional thermal paper market, highlighting its role in driving industry dynamics.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Thermal Paper Market Share Analysis
The North America thermal paper market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to North America thermal paper market.
Some of the major players operating in the North America thermal paper market are:
- Mitsubishi HiTec Paper Europe GmbH (Germany)
- Nippon Paper Industries Co., Ltd. (Japan)
- Appvion Operations, Inc. (U.S.)
- Kanzaki Specialty Papers Inc. (Japan)
- Domtar Corporation (U.S.)
- Ricoh Industrie France SAS (France)
- Lecta Group Companies (Spain)
- Papierfabrik August Koehler SE (Germany)
- Hankuk Paper Mfg. Co. Ltd. (South Korea)
- Thermal Solutions International, Inc. (U.S.)
- Siam Nippon Industrial Paper Co., Ltd. (Thailand)
- Nakagawa Manufacturing (USA), Inc. (U.S.)
- Deli Group Co., Ltd. (China)
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