How big is the Thermal Paper Market?

The Thermal Paper Market size is expected to reach USD 4.30 billion in 2024 and grow at a CAGR of 9.60% to reach USD 6.80 billion by 2029. Read More

What is the current Thermal Paper Market size?

In 2024, the Thermal Paper Market size is expected to reach USD 4.30 billion. Read More

Who are the key players in Thermal Paper Market?

Ricoh Company, Ltd., Appvion, LLC., Koehler Paper SE, Hansol Paper Co., Ltd and Thermal Solutions International, Inc. are the major companies operating in the Thermal Paper Market. Read More

Which is the fastest growing region in Thermal Paper Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Thermal Paper Market?

In 2024, the North America accounts for the largest market share in Thermal Paper Market. Read More

What years does this Thermal Paper Market cover, and what was the market size in 2023?

In 2023, the Thermal Paper Market size was estimated at USD 3.89 billion. The report covers the Thermal Paper Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thermal Paper Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Thermal Paper Market - Size, Share & Growth Trends

Thermal Paper Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Thermal Paper Market Report is Segmented by End-User Industry (POS, Labels, Entertainment, Medical and Pharmaceutical, and Other End-User Industries) and Geography (North America, Latin America, Europe, Asia, and Middle East and Africa). The Market Sizes and Forecasts are Provided Regarding Value (USD) for all the Above Segments.

Thermal Paper Industry Overview

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.