Pune, India, Nov. 23, 2021 (GLOBE NEWSWIRE) -- The global thermal paper market size is projected to reach USD 5.85 billion by the end of 2027. Increasing applications of the product across diverse industry verticals will aid the growth of the overall market in the coming years. According to a report published by Fortune Business Insights, the market was worth USD 3.45 billion in 2019 and will exhibit a CAGR of 6.9% during the forecast period, 2020-2027.
Thermal paper is a specialty paper that is usually coated with a material that helps the paper transform its color when subjected to heat. The increasing applications of thermal paper are attributable to the favorable properties of the product. It is widely used in applications that require quick and short print slips including ATMs and other places that print out receipts.
The growing product applications, coupled with the massive investment in the development of efficient products, will ultimately emerge in favor of the growth of the market in the coming years. The product is inclusive of easily derivable compounds as well as the material available in abundance. The increasing investment in the research and development of efficient thermal paper will contribute to the growth of the overall market in the coming years. The presence of several large-scale companies will emerge in favor of market growth.
Companies Profiled in the Global Thermal Paper Market are:
- Lecta (Spain)
- Hansol Paper (Korea)
- Appvion Operations, Inc. (USA)
- Domtar Corporation (USA)
- Ricoh Industrie France SAS (France)
- Mitsubishi Hi-Tech Paper (Germany)
- Koehler Paper Group (Germany)
- Kanzaki Specialty Papers, Inc. (USA)
- Jujo Thermal Ltd. (Finland)
- Oji Paper Co., Ltd. (Japan)
- Kanzan Spezialpapiere GmbH (Germany)
- Iconex LLC (UK)
- Telemark Diversified Graphics (USA)
- Panda Paper Roll (China)
- Nakagawa Manufacturing (USA), Inc. (USA)
- Suzhou Xiandai Paper Production Co., Ltd. (China)
- PG Paper Company Ltd. (UK).
- Thermal Paper China (China)
- Chenming Group (China)
- Guangdong Guanhao High-Tech Co., Ltd. (China)
- Other Key Players
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Company Mergers Are Proving Beneficial for Existing Businesses
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Due to healthy market competition, several companies are looking to adopt strategies that will help them establish a strong position in the global market. It is observed that company mergers and collaborations are a growing trend among major businesses across the world. In February 2020, Koehler Paper Group announced that it has completed the acquisition of Beaver Paper and graphic Media Inc. The company is a manufacturer of sublimation media; a product that is used widely in the digital printing industry. Through this acquisition, the company will look to combine the portfolio of both the companies and improve the overall sales and distribution of sublimation media across the world. Koehler’s acquisition of Beaver will help the company establish a formidable position in the global market. Additionally, this acquisition will have a huge impact on the growth of the overall market in the coming years.
Report Aim & Scope:
- An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
- The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
- The various parameters accelerating the growth of the market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the market during the forecast period.
Market in Europe Held the Highest Share; Increasing Number of POS Terminals Will Emerge in Favor of Market Growth
The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in Europe currently holds the largest market share. The increasing number of POS terminals will emerge in favor of market growth. The increasing number of ATM transactions will also lead to a wider product adoption in numerous countries across this region. As of 2019, the market in Europe was worth USD 1.57 billion and this value is projected to increase further in the coming years.
Key information from the Research Report:
- Extensive information on factors estimated to affect the market growth and share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects of market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter's Five Force analysis.
- The in-depth analysis provides an insight into the market, underlining the growth rate and opportunities offered in the business.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/thermal-paper-market-102811
Major Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
TOC Continued…!
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