Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Thermal Paper Market Research 2017 | Page 3

Global In-flight Advertising Market Research Report: Forecast to 2023
Global Thermal Paper Market Information Report, By Technology (Direct Thermal,
Thermal Transfer, and Others), By Application (POS, Lottery & Gaming, Labels & Tags,
and Others) and By Region - Global Forecast To 2023
Market Scenario
On the basis of region, North America accounted for the largest market share of 37.27%
in 2016, with a market value of USD 1,197.4 Million. The region has witnessed increased
demand of thermal paper, from POS application, mainly due to the high internet
penetration in countries such as U.S. and Canada. The POS applications demand thermal
paper for receipts, acknowledgements, and bills. The U.S. is the major market in North
America. The country houses one of the biggest international retail chains such as
Walmart and Amazon. This makes it an important market for thermal paper. Europe was
the second-largest market in 2016, valued at USD 883.8 Million in 2016. The region
accounts for increasing sales of retail industry, from both brick and mortar and online
stores. The retail industry is seen pacing significantly, especially in the countries of
Netherlands, U.K., and Germany. Hence, Europe is projected to grow at a CAGR of 4.38%.
Asia Pacific region is expected to grow at the highest CAGR of 5.12% during the forecast
period. The region is regarded as one of the fastest growing regions, in terms of sales
from both retail and online stores. With increasing disposable income and changing
consumer preferences, there has been an inclination towards purchasing from online
platforms, especially the international ones such as Amazon. China is the major market in
Asia Pacific region, owing to the increasing population and increasing demand for
consumer goods.
Hence, global thermal paper market is expected to reach a market size of USD 4,391.0
million by the end of the forecast period at CAGR of 4.66%.
The key players of global thermal paper market are Appvion, Inc. (U.S.), Oji Paper
(Thailand) Ltd. (Thailand), Koehler Paper Group (Germany), Ricoh Company Ltd (Japan),
Jujo Thermal Ltd. (Finland), Mitsubishi Paper Mills Ltd. (Japan), Hansol Paper Co., Ltd
(South Korea), and Nakagawa Manufacturing , Inc. (U.S.).
Page | 3
Copyright © 2017 Market Research Future.