Fact.MR report tracks the thermal papers market for the period 2019-2027. According to the report, the thermal papers market is projected to grow at 2.7% CAGR through 2027.
According to Fact.MR, demand for thermal papers remains consolidated in North America. The estimates find that North America accounted for nearly one third of the global thermal papers consumption in 2018. Europe and APEJ followed suit in and generated comparable demand for thermal papers in 2018. Buoyancy in the end-use industries and a strong distribution network of prominent thermal paper provides in these regions are factors driving the sales of thermal papers.
Request Free Sample Report Here:
According to Fact.MR’s study, thermal papers market is likely to be complemented by steady demand from packaging and healthcare sectors.
In 2018, over 3.1 million tons of thermal papers were sold globally and the consumption is likely to grow at a subdued rate of 2.7% in 2019, according to Fact.MR’s latest study. Retail industry continues to be the largest end-user, accounting for over half of global demand in 2018. Macro trends impacting the retail industry are also rubbing off on thermal papers demand, according to Fact.MR’s latest study. Growing adoption of digital payment methods in retail stores is likely to result in declining demand.
Browse Full report with TOC:
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.
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.
Thermal transfer technology is highly sought after in applications that demand a high level of product differentiation such as marketing, brand image, compact and detailed barcodes and certification labels.
Have Any Query?? Ask Our Industry Expert:
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Rockville, MD 20852
Read Full PR Here: