Thermal papers are heat sensitive specialty papers which change color when the temperature crosses the melting point of the coated composite formulation. These papers provide a clear print and thus are used for printing at the point of sale terminals, labeling & ticketing, and other similar applications. Adoption of direct thermal papers has seen a sharp increase in different end-use industries. Labeling & packaging has exhibited an increased demand for direct thermal papers; manufacturers are also providing custom solutions to cater to these applications. Moreover, additional features such as durability and heat resistance are being incorporated into the conventional paper to make them apt for a more extensive array of applications.
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Direct Thermal Paper Market: Dynamics
The growth in the retail industry is expected to be the key driver for the global direct thermal paper market. With the intensifying network of supermarkets and retail chains in both developed & developing regions, point of sale receipts have seen a massive hike in demand. Also, tickets for different transports and lottery are expected to create a remunerative potential for the direct thermal paper market during the period of forecast.
The direct thermal paper market seems to be fairly fragmented. Tier 1 players are employing inorganic growth strategies to benefit the most, while tier 2 players are expanding their product offerings to survive in this competitive landscape. Thus, it can be concluded that the market completion is intensifying and level of innovation & customization will determine the player’s position in the market.
However, increasing penetration of e-commerce might hamper the growth of the direct thermal paper, as it eliminates the need for point of sale receipts. When it comes to point-of-sale trade, receipts remain the preferred mode of recording billing transactions. This preference is expected to bolster the demand for direct thermal papers in the foreseeable future.
Direct Thermal Paper Market: Segmentation
Globally the direct thermal paper market is segmented by product type, thickness, application and end-uses.
By product type, the global direct thermal paper market has been segmented as follows
- Top-coated
- Non top-coated
By thickness, the global direct thermal paper market has been segmented as follows
- Up to 70 gsm
- 71 to 100 gsm
- 101 gsm and above
By application, the global direct thermal paper market has been segmented as follows
- Point of Sale Receipts
- Lottery & Gaming
- Labels & Tickets
- Others
By end-use, the global direct thermal paper market has been segmented as follows
- Packaging & Labelling
- Printing & Publishing
- Retail
- Others
Direct Thermal Paper Market: Regional Outlook
Geographically, the U.S. and Europe direct thermal paper market are expected to be driven by the growing entertainment industry. This growth has surged the demand for tickets, coupons, and entry slips significantly. Direct thermal paper is used for these applications as it is economical and can be printed quickly. Furthermore, the countries of Asia Pacific are projected to register high growth, attributing to the growth recorded by the organized retail sector. Also, the application of direct thermal paper for tickets is expected to pose remunerative opportunities for the direct thermal printer as well as paper manufacturers. The Middle East and Latin America direct thermal paper markets are expected to have moderate growth during the forecast period.
Direct thermal Paper Market: Key Developments
Key players operating in the global market are engaging in joint ventures and collaborations to expand their product offerings as well as clientele. For instance,
- In February 2018, Oji Holdings Corporation and Mitsubishi Paper Mills deepened their alliance as Oji Holdings raised its stake to 33% in Mitsubishi Paper Mills. The two leading Asian players aim to boost their operating profit with this synergy.
- In August 2017, Tele-Paper (M) Sdn Bhd announced a joint venture with Oji Holdings Corporation. The companies expect to develop new products and gain a more extensive consumer base with the joint venture.
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Direct Thermal Paper Market: Key Players
Some of the key players operating in the global direct thermal paper market are UPM Raflatac Inc., NAKAGAWA Manufacturing (USA), Inc., Appvion Operations, Inc., Oji Holdings Corporation, Jujo Thermal Ltd. (Nippon Paper Industries), Mitsubishi HiTec Paper, Ricoh Company, Ltd., Tele-Paper Malaysia Sdn Bhd, Domtar Corporation and more.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global direct thermal paper market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with direct thermal paper market attractiveness as per segments. The report also maps the qualitative impact of various factors on direct thermal paper market segments and geographies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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