Thermal Paper Market: Industry Analysis and Outlook Report, 2027A Chapter by Markets InsightsThe global thermal paper market size was valued at USD 3.9 billion in 2019 and is expected to grow at a CAGR of 4.8% from 2020 to 2027.The global Thermal Paper Market size is expected to reach USD 5.7 billion by 2027, expanding at a CAGR of 4.8%, according to a new report by Grand View Research Inc. Increasing utilization of POS terminals for billing and labeling applications is likely to drive the market. High quality and less time-consuming printing processes on thermal paper have increased the popularity of instant printing applications. Barcode scan ability, high-temperature stability and moisture resistance offered by audit rolls are the factors for its high traction in hospitality, retail, and warehouse applications. Moreover, commercial availability of the paper in different size and roll formats provide convenience for its use in mobile POS terminals, thus are likely to penetrate in the market. However, the recent demand-supply gap and unavailability of leuco dye have hampered the pricing of the product. North America accounted for the largest market share in 2019 on account of large scale consumption of the paper for billing and labeling operations. Strong growth in the food and beverage and retail industry in U.S. and Canada coupled with the presence of prominent thermal paper manufacturers in the region are anticipated to support industry growth. Request a free sample copy or view report summary: Thermal Paper Market Report Thermal Paper Market Report Highlights
© 2020 Markets Insights |
StatsAuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
|