Market Share of Thermal Paper Industry
The thermal paper market is fragmented, with several global and regional players, such as Ricoh Company Ltd, Appvion LLC, Koehler Paper SE, and Hansol Paper Co., vying for attention in a contested market space. This market is characterized by low product differentiation, growing levels of product penetration, and high levels of competition.
- May 2024 - Appvion launched EarthChem, a portfolio of sustainable direct thermal products designed to transform the paper industry. The EarthChem range includes various paper and film direct thermal products, reflecting the company's dedication to sustainability and environmental responsibility.
- September 2023 - Hansol broadened its direct thermal facestock range by introducing products with bisphenol S (BPS)-free and phenol-free developers. The company also developed new offerings, including thermal transfer paper for facestock, clay-coated kraft (CCK) paper, and supercalendered kraft (SCK) paper for a release liner.
- June 2023 - Appvion expanded its next-generation technology product line by introducing CleanSlate, a direct thermal film that improves traditional direct thermal performance by enhancing environmental durability. Appvion's CleanSlate film is compatible with standard direct thermal printers for pressure-sensitive labels. The distinctive color of CleanSlate makes it easily identifiable as a direct thermal film that does not contain phenolic developers.
Thermal Paper Market Leaders
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Ricoh Company, Ltd.
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Appvion, LLC.
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Koehler Paper SE
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Hansol Paper Co., Ltd
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Thermal Solutions International, Inc.
*Disclaimer: Major Players sorted in no particular order
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