October 17, 2019 by Amanpreet
The thermal papers market report also features other key players operating in the global space. The profiled players include Koehler Paper Group, Nakagawa Manufacturing (USA), Inc., Siam Paper Public Company Limited, Jujo Thermal Ltd., Ricoh Company, Ltd., and Shandong Chenming Paper Holdings Ltd.
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Key Players Hold a Significant Revenue Share in Thermal Papers Market
Prominent players are actively engaged in improving their product portfolio by introducing innovative and durable products. With their strong global presence and an effective distribution network, these players hold a significant share in thermal papers market.
Other players in the thermal papers market are regional operators, predominantly Chinese companies. These players fill the demand gaps of domestic supply chain wherein they fulfil the requirement of low cost and temporary solutions of local industries.
Increasing Cost of Raw Materials Leads to Thermal Papers Price Hike
The thermal papers marketplace is witnessing increase in prices of thermal papers owing to the rising cost of pulp and other raw materials used in the manufacturing. In addition, global shortage in the leuco dye supply chain, the highly utilized dye in the thermal paper industry, has led to an unprecedented rise in the cost of thermal papers. On the back of these developments, thermal paper manufacturers have increased the prices of thermal paper.
Point-of-Sale Commerce Remains a Prominent User of Thermal Papers
The expansion of the retail industry in the form of an increasing network of supermarket and hypermarkets as well as the growth of the hospitality industry are major factors driving the point-of-sale commerce. While grocery and retail are significant end-users, the point-of-sale also finds application in transportation payments such as parking and taxi industry.
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Although e-commerce is penetrating the retail industry, point-of-sale commerce continues to remain a prime means of billing information transfer across industries. And these industries show significant reliance on thermal papers for their point-of-sale billing. As long as the point-of-sale commerce continue to remain a preferred mode of billing transactions, demand for thermal papers will remain consistent in the coming years.
Increasing Demand for Tailor-Made Thermal Products
Thermal papers have been highly embraced for the application of labeling and packaging wherein multiple end-use industries such as food, logistics and production management. These end-users show significant demand for thermal papers and other thermal products such as thermal transfer ribbons.
Well aware of the demand trends, manufacturers in the thermal papers market are introducing tailored solution specific to different applications. For instance, the thermal labels used in the food industry are manufactured with different features such as heat resistance, metal detection and durability.
Increasing Preference for Digital Transactions Weakens Thermal Paper Sales
Digital payment platforms are highly embraced across businesses as well as customers. Rising penetration of e-commerce has further encouraged the growth of digital payments. Further, digital payments are gaining popularity as a safer, convenient and smarter way of transactions.
As digital transactions are entirely taken care digitally and do not involve an exchange of billing receipt – majorly printed on thermal papers, rapid adoption of digital payment methods are likely to impact the application of thermal papers.
Thermal Papers Market – Definition
Thermal paper is a type of specialty paper which contains coating of a composite formulation. The property of formulation is a mixture of a heat-sensitive dye and a suitable matrix. When temperature crosses melting point of the mixture, the color of the dye changes. The precoat below the thermal coat absorbs the dye mixture and prevents thermal ink carry in the print head.
Thermal Papers Market – About the Report
Fact.MR has published a study in the thermal papers market and published a report titled, “Thermal Papers Market: Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2027.” The thermal papers market report covers in-depth analysis of market driver, restraints, trends and opportunities in the thermal papers market. The report also covers associated industry analysis and a thorough assessment of competitive landscape. An extensive analysis as such delivers the most comprehensive and credible performance of the thermal papers market for the period of 2018-2027.
Thermal Papers Market Structure
The thermal papers market is studied thoroughly to derive the market segmentation. The thermal papers market is segmented based on thickness, by end-use industry, by application and by technology. The global thermal papers market study also covers market analysis in key regions.
Based on thickness, thermal papers market is segmented into 60-80 microns and 80-90 microns thicknesses. Based on end-use industry, the thermal papers market is segmented in retail industry, healthcare, packaging & labelling, printing & publishing, entertainment & transit and other end-use industries.
By application, the thermal papers market is segmented in point of sale, lottery & gaming, labels & tickets and other applications. By technology, the thermal papers market is segmented in direct thermal and thermal transfer categories.
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Regional analysis of the thermal papers market covers study of thermal papers market in key regions including North America, Latin America, Europe, APEJ, Japan and MEA. The regional analysis of the thermal papers market also covers country-wise assessment for all the regions.
Thermal Papers Market – Research methodology
A robust research methodology used during the course of the thermal papers market study is thoroughly discussed in this section. The research methodology includes multipronged approaches to study thermal papers market. In addition, the section thoroughly discusses primary and secondary research approaches used to derive the thermal papers market performance.
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