Thermal Paper Market: Industry Overview, Trends and Growth OpportunitiesPosted by Kishor on December 24th, 2019 Global Thermal Paper Market: Overview Thermal paper changes colour upon exposure to heat & light owing to the presence of a coating pigment. In addition, these papers are highly durable and have high sensitivity towards external adulteration. As a substitute for cash registers, thermal papers are generally used in POS terminals to serve banking, retail, medical and entertainment industries owing to their compatibility with several types of printing machines. Thermal papers provide a clear print for an extended period as compared to traditional print paper. Nowadays, the demand for BPA-free or Phenol-free thermal paper has witnessed significant growth for linerless applications. Global Thermal Paper Market: Dynamics Advancements in thermal transfer technology is estimated to drive potential growth opportunities during the forecast period owing to its capability to deliver multi-colour paper. Moreover, the rising demand for thermal paper for asset tagging as well as certification labels for cold storage products & laboratory specimens is also expected to drive the market over the forecast period. However, a substantial increase in online POS (or mobile-POS), especially in developed countries, is expected to hamper the growth of conventional paper tags & labels, which is, in turn, expected to hamper the demand for thermal paper in the coming years. Global Thermal Paper Market: Company Developments and Industry-Level Trends Key market participants are focusing on improvements in terms of thermal paper design as well as advancements in manufacturing equipment/applicators across the globe.
Are you a start-up willing to make it big in the business? Request PDF Sample to Access Market Data @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24863 Global Thermal Paper Market: Segmentation The global thermal paper market can be segmented on the basis of printing technology and applications. The global thermal paper market can be segmented on the basis of printing technology type into:
The global thermal paper market can be segmented on the basis of applications into:
Global Thermal Paper Market: Regional Outlook The global thermal paper market is segmented into seven regions, namely Latin America, North America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific Excluding Japan (APEJ) and Japan. The market for paper-based packaging is largely established in developed economies like USA, Germany and Japan owing to the highly developed manufacturing & service industries in this regions. Advanced manufacturing equipment, coupled with strong research & development, has contributed to market growth in these countries. However, China has a competitive advantage due to low manufacturing cost as compared to the other countries, and this is expected to sharply improve its share in the international market. At present, China is the one of the largest consumers of thermal paper, however, it has lagged in quality, and this has led to the production of low-end thermal papers. Global Thermal Paper Market: Key Players Some of the key players currently operating in the global thermal paper market are:
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