The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.
The report offers actionable and valuable market insights of Thermal Papers. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Thermal Papers Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Thermal Papers market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Thermal Papers
This newly published and insightful report sheds light on Market Insights of Thermal Papers, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Thermal Papers Market.
According to Fact.MR’s market research, Koehler Paper Group, Nakagawa Manufacturing (USA), Inc., Siam Paper Public Company Limited, Jujo Thermal Ltd., Ricoh Company, Ltd., and Shandong Chenming Paper Holdings Ltd. are identified as key players in the thermal papers market, account for nearly 60% revenue share.
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Key Segments Covered
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Competitive Landscape
Major players seeking to expand their customer base are hoping to gain a dominant position in the market.
Application in Point of Sale (POS) Receipts Accounts for Hefty Demand
Application in point of sale (POS) receipts continues to account for a significant share in the thermal papers market. Fact.MR shows that use of thermal papers in the point of sale receipt application accounted for nearly 71% of the global demand in 2018. Point-of-sale commerce is the prime platform of bill exchange in multiple industries where cash and sometimes card-based transactions are involved.
While estimating the future prospects of thermal papers market, Fact.MR has considered increasing penetration of e-commerce platform and digital payment methods in the retail industry leading to decreasing demand for point of sale commerce in the future.
The thermal paper industry has witnessed a number of skirmishes in the past decade. Bisphenols used in thermal paper manufacturing and associated harmful effects have been in limelight. While a handful of manufacturers have introduced bisphenol-free thermal papers, the industry witnessed a significant shift from bisphenol A to bisphenol S. And the use of bisphenol S continues to bemuse governments as its impact remain unanalyzed.
Thermal Papers with 60-80 Microns Thickness Remain Preferred among End-users
The study evaluates that demand for 60-80 micron thick thermal papers remains higher among end-users. In 2018, over 70% of the thermal papers consumed were of the thickness range 60-80 microns.
As 60-80 micron of thickness falls in the optimum range of end-user requirement of durability and more paper on each roll, Fact.MR finds its considerable consumption across end-users. Rest of the volume consumption was on account of demand for thermal papers with 80-90 microns thickness whose application remain restricted to specific uses.
Fact.MR finds that technology-wise, direct thermal technology as well as thermal transfer technology witness equal penetration, however, higher demand for direct thermal printing has resulted in greater volume share of thermal papers made for direct thermal printing. Affordability and convenience of use are prime factors that favored the greater share of direct thermal printing papers.
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.
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.
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.
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More Valuable Insights on Thermal Papers Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Thermal Papers, Sales and Demand of Thermal Papers, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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