Global Thermal Paper Market – Trends & Forecast, 2017-2023

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Report Description

Introduction
Thermal Paper is manufactured with specialty coating with enables inkless printing. This coating blackens when exposed to heat, and in turn transfers the image on the paper. The paper has applications across gaming, lottery, retail, e-commerce, packaging & labelling, and others. The market is driven by various factors such as increasing consumption of processed and packaged foods, growth in pharmaceutical industry, and increase in the number of ATMs. However the market growth is hampered by fluctuating supply & prices of raw materials, and non-availability of skilled labor.

The global thermal paper market has been segmented based on technology, and application. Based on technology, the market has been segmented as direct thermal, thermal transfer, and others. The study indicates, direct thermal accounted for the largest market share. In direct thermal technology, no ribbon is used in printing. It creates the image directly on the printed material. Direct thermal printing uses chemically treated, heat-sensitive media that turns black when it passes under the thermal print head. Thermal Transfer is expected to be fastest growing capacity type in the market. On the basis of application, the market has been segmented as, POS, lottery & gaming, labels & tags, and others. The study indicates, POS segment accounted for the largest market share and is expected to be fastest growing product in the market. POS (Point of Sale) application includes receipts and tags at the retails stores, online purchases, and ATMs. The paper is generally compatible with most transaction-style printers and cash registers, and multiple rolls come in a pack. POS paper ensures customers get a clear, legible, smudge-free receipt each time. The thermal paper for receipts come in various dimensions to suit the end-use.
The global thermal paper market was valued at USD 3,212.7 million in the year 2016, which is expected to reach USD 4,391.0 million by the end of the forecast period growing at 4.66% CAGR.

Key Players
The prominent players in the Thermal Paper include Appvion, Inc., Oji Paper (Thailand) Ltd., Koehler Paper Group, Ricoh Company, Jujo Thermal Ltd., Mitsubishi Paper Mills Ltd., Hansol, and Nakagawa Manufacturing (USA), Inc.
Objective of Global Thermal Paper Market Analysis & Forecast, from 2016 to 2022

Region-level demand analysis and forecast of the study market

Study of the effect of exogenous & endogenous factors viz. demographic, economics, and political factors, which affect the global thermal paper market

Porters five forces market analysis to determine competitive scenario

Segment and sub-segment level analysis of the market over the historical as well as forecast period

Identification of key factors instrumental in the changing market scenario, such as tapping new market opportunities, and gaining competitive edge

Target Audience
Supplier companies
End Users
Consultants And Investment Bankers
Research Institute / Education Institute

Key Findings
The global Thermal Paper market is expected to reach USD 4,391.0 million by 2023.

By technology, direct thermal segment in thermal paper market accounts for the largest market share and is growing with approximately ~4.89% CAGR during forecast period.

By application, POS segment in thermal paper market accounts for the largest market share and is growing with approximately ~4.93% CAGR during forecast period.

Geographically, North America accounted for the largest share in global thermal paper market followed by Europe.

Regional and Country Analysis of global Thermal Paper market estimation and forecast
The global Thermal Paper market is expected to grow at a promising rate during the forecast period. North America region dominates the global thermal paper market. 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.
Asia Pacific region is expected to grow at the highest CAGR of during the forecast period. The region is regarded as one of the fastest growing regions, in terms of retail sales both from stationary and online format. 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.

The reports also cover country level analysis:
North America
o US
o Canada
Europe
o Germany
o UK
o France
o Spain
o Italy
o Rest of the Europe
Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
Rest of the World
o South America
o Middle East & Africa
Table of Contents

1 Executive Summary 11
2 Introduction 13
2.1 Definition 13
2.2 Scope of the Study 13
2.3 Assumptions 13
2.4 Market Structure 14
3 Research Methodology 15
3.1 Research Process 15
3.2 Primary Research 16
3.3 Secondary Research 16
3.4 Market Size Estimation 16
3.5 Forecast Model 18
4 Market Dynamics 19
4.1 Drivers 20
4.1.1 Growth in packaged food industries 20
4.1.2 Growth in pharmaceutical industry 21
4.1.3 Increase in the number of ATM machines 22
4.1.4 Growth in retail industry 22
4.2 Restraints 23
4.2.1 Fluctuating supply and prices of raw materials 23
4.2.2 Availability of skilled labor 23
4.3 Opportunities 24
4.3.1 Significant growth in Italy gaming industry and favourable government initiatives 24
5 Market Factor Analysis 25
5.1 Porters Five Forces Analysis 25
5.1.1 Threat of New Entrants 26
5.1.2 Bargaining Power of Suppliers 26
5.1.3 Bargaining Power of Buyers 26
5.1.4 Threat of Substitutes 26
5.1.5 Rivalry 26
5.2 Value Chain Analysis 27
5.3 Economic Parameter and Trends 28
5.3.1 North America 28
5.3.2 Europe 31
5.3.3 Asia-Pacific 33
6 Global Thermal Paper Market, By Technology 35
6.1 Overview 36
6.1.1 Direct Thermal 36
6.1.2 Thermal Transfer 36
7 Global Thermal Paper Market, By Application 38
7.1 Overview 39
7.1.1 POS 39
7.1.2 Lottery & Gaming 39
7.1.3 Labels & Tags 39
7.1.4 Others 40
8 Global Thermal Paper Market, By Region 42
8.1 Introduction 43
8.2 North America 46
8.2.1 U.S. 50
8.2.2 Canada 53
8.3 Europe 55
8.3.1 Germany 59
8.3.2 U.K. 61
8.3.3 France 62
8.3.4 Spain 64
8.3.5 Italy 66
8.3.6 Rest of Europe 68
8.4 Asia-Pacific 70
8.4.1 China 73
8.4.2 Japan 75
8.4.3 India 77
8.4.4 Rest of Asia-Pacific 79
8.5 Rest of the World 81
8.5.1 South America 84
8.5.2 Middle East & Africa 86
9 Competitive Scenario 88
9.1 Competitive Landscape 88
9.2 Competitive Benchmarking 89
9.3 Capacity Expansion 90
10 Company Profile 91
10.1 Ricoh Company Ltd. 91
10.1.1 Company Overview 91
10.1.2 Financial Overview 91
10.1.3 Product/Service Offering 92
10.1.4 Strategy 92
10.1.5 Key Developments 93
10.1.6 SWOT Analysis 93
10.2 Oji Paper (Thailand) Ltd. 94
10.2.1 Company Overview 94
10.2.2 Financial Overview 94
10.2.3 Product/Service Offering 95
10.2.4 Strategy 96
10.2.5 SWOT Analysis 97
10.3 Jujo Thermal Ltd. 98
10.3.1 Financial Overview 98
10.3.2 Product/Service Offering 99
10.3.3 Strategy 100
10.3.4 Key developments 100
10.3.5 SWOT Analysis 101
10.4 Mitsubishi Paper Mills Ltd. 102
10.4.1 Company Overview 102
10.4.2 Financial Overview 102
10.4.3 Product/Service Offering 103
10.4.4 Strategy 106
10.4.5 SWOT 107
10.5 Hansol paper Co. Ltd. 108
10.5.1 Company Overview 108
10.5.2 Financial Overview 108
10.5.3 Product/Service Offering 109
10.5.4 Strategy 110
10.5.5 SWOT 110
10.6 Appvion, Inc. 111
10.6.1 Company Overview 111
10.6.2 Financial Overview 111
10.6.3 Product/Service Offering 112
10.6.4 Strategy 112
10.6.5 Key Developments 113
10.7 Koehler Paper Group 114
10.7.1 Company Overview 114
10.7.2 Financial Overview 114
10.7.1 Product Offering 114
10.7.2 Strategy 115
10.8 Nakagawa Manufacturing (USA), Inc. 116
10.8.1 Company Overview 116
10.8.2 Financial Overview 116
10.8.3 Product Offering 116
10.8.4 Strategy 117


List Of Tables

List of Tables

TABLE 1 MARKET SYNOPSIS 12
TABLE 2 U.S.: USAGE OF BANKING SERVICES, 2015 (%) 30
TABLE 3 GLOBAL THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 37
TABLE 4 GLOBAL THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 37
TABLE 5 GLOBAL THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 40
TABLE 6 GLOBAL THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (KT) 41
TABLE 7 GLOBAL THERMAL PAPER MARKET, BY REGION, 2015-2023 (USD MILLION) 45
TABLE 8 GLOBAL THERMAL PAPER MARKET, BY REGION, 2015-2023 (KT) 45
TABLE 9 NORTH AMERICA: INTERNET PENETRATION (%) 46
TABLE 10 NORTH AMERICA: SHARE OF E-COMMERCE IN GDP, 2015 (%) 46
TABLE 11 NORTH AMERICA: THERMAL PAPER MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 47
TABLE 12 NORTH AMERICA: THERMAL PAPER MARKET, BY COUNTRY, 2015-2023 (KT) 48
TABLE 13 NORTH AMERICA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 48
TABLE 14 NORTH AMERICA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 49
TABLE 15 NORTH AMERICA: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 49
TABLE 16 NORTH AMERICA: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023(KT) 50
TABLE 17 U.S.: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 51
TABLE 18 U.S.: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 51
TABLE 19 U.S.: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2015-2023 (USD MILLION) 52
TABLE 20 U.S.: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2015-2023 (KT) 52
TABLE 21 CANADA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 53
TABLE 22 CANADA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 53
TABLE 23 CANADA: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2015-2023 (USD MILLION) 54
TABLE 24 CANADA: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2015-2023 (KT) 54
TABLE 25 EUROPE: THERMAL PAPER MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 55
TABLE 26 EUROPE: THERMAL PAPER MARKET, BY COUNTRY, 2015-2023 (KT) 56
TABLE 27 EUROPE: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 56
TABLE 28 EUROPE: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 57
TABLE 29 EUROPE: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 57
TABLE 30 EUROPE: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (KT) 58
TABLE 31 GERMANY: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 59
TABLE 32 GERMANY: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 59
TABLE 33 GERMANY: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 60
TABLE 34 GERMANY: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (KT) 60
TABLE 35 U.K.: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 61
TABLE 36 U.K.: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 61
TABLE 37 FRANCE: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 62
TABLE 38 FRANCE: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 62
TABLE 39 FRANCE: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (KT) 63
TABLE 40 FRANCE: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (KT) 63
TABLE 41 SPAIN: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 64
TABLE 42 SPAIN: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 64
TABLE 43 SPAIN: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2015-2023 (USD MILLION) 65
TABLE 44 SPAIN: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2015-2023 (KT) 65
TABLE 45 ITALY: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 66
TABLE 46 ITALY: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 66
TABLE 47 ITALY: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2015-2023 (USD MILLION) 66
TABLE 48 ITALY: THERMAL PAPER MARKET SIZE, BY APPLICATION, 2015-2023 (KT) 67
TABLE 49 REST OF EUROPE: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 68
TABLE 50 REST OF EUROPE: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 68
TABLE 51 REST OF EUROPE: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 69
TABLE 52 REST OF EUROPE: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023(KT) 69
TABLE 53 ASIA-PACIFIC: THERMAL PAPER MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 70
TABLE 54 ASIA-PACIFIC: THERMAL PAPER MARKET, BY COUNTRY, 2015-2023 (KT) 70
TABLE 55 ASIA-PACIFIC: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 71
TABLE 56 ASIA-PACIFIC: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 71
TABLE 57 ASIA-PACIFIC: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 72
TABLE 58 ASIA-PACIFIC: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (KT) 72
TABLE 59 CHINA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 73
TABLE 60 CHINA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 73
TABLE 61 CHINA: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 74
TABLE 62 CHINA: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (KT) 74
TABLE 63 JAPAN: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 75
TABLE 64 JAPAN: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 75
TABLE 65 JAPAN: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 76
TABLE 66 JAPAN: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (KT) 76
TABLE 67 INDIA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 77
TABLE 68 INDIA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 77
TABLE 69 INDIA: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 78
TABLE 70 INDIA: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (KT) 78
TABLE 71 REST OF ASIA-PACIFIC: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 79
TABLE 72 REST OF ASIA-PACIFIC: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 79
TABLE 73 REST OF ASIA-PACIFIC: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 80
TABLE 74 REST OF ASIA-PACIFIC: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (KT) 80
TABLE 75 ROW: THERMAL PAPER MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 81
TABLE 76 ROW: THERMAL PAPER MARKET, BY COUNTRY, 2015-2023 (KT) 81
TABLE 77 ROW: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 82
TABLE 78 ROW: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 82
TABLE 79 ROW: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 83
TABLE 80 ROW: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (KT) 83
TABLE 81 SOUTH AMERICA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 84
TABLE 82 SOUTH AMERICA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 84
TABLE 83 SOUTH AMERICA: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 85
TABLE 84 SOUTH AMERICA: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023(KT) 85
TABLE 85 MIDDLE EAST & AFRICA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 86
TABLE 86 MIDDLE EAST & AFRICA: THERMAL PAPER MARKET, BY TECHNOLOGY, 2015-2023 (KT) 86
TABLE 87 MIDDLE EAST & AFRICA: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 87
TABLE 88 MIDDLE EAST & AFRICA: THERMAL PAPER MARKET, BY APPLICATION, 2015-2023 (KT) 87
TABLE 89 RAK CERAMICS: KEY DEVELOPMENTS, 2014-2017 100


List Of Figures

List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR 15
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 17
FIGURE 3 GLOBAL THERMAL PAPER MARKET: DRIVERS, RESTRAINTS AND TRENDS 19
FIGURE 4 GLOBAL PROCESSED FOOD & BEVERAGES SALES. BY REGION, 2000 AND 2013, (VOLUME SALES, KILOTONS) 20
FIGURE 5 PHARMACEUTICAL SPENDING PER CAPITA, 2016 (USD MILLION) 21
FIGURE 6 GLOBAL: ATMS PER 100,000 ADULTS, 2010-2015 22
FIGURE 7 GLOBAL THERMAL PAPER MARKET: DRIVERS IMPACT ANALYSIS 23
FIGURE 8 GLOBAL THERMAL PAPER MARKET: BARRIERS IMPACT ANALYSIS 24
FIGURE 9 PORTERS 5 FORCES ANALYSIS OF GLOBAL THERMAL PAPER MARKET 25
FIGURE 10 VALUE CHAIN ANALYSIS OF GLOBAL THERMAL PAPER MARKET 27
FIGURE 11 NORTH AMERICA: E-COMMERCE TURNOVER, 2014-2015 (USD BILLION) 29
FIGURE 12 ESTIMATED ANNUAL U.S. RETAIL TRADE SALES, 2010-2015 (USD MILLION) 29
FIGURE 13 EU: RETAIL SECTOR SHARE, 2016 (%) 32
FIGURE 14 GLOBAL THERMAL PAPER MARKET, BY TECHNOLOGY, 2016 (IN %) 36
FIGURE 15 GLOBAL THERMAL PAPER MARKET, BY APPLICATION, 2016 (IN %) 40
FIGURE 16 GLOBAL RETAIL SALES SHARE, BY COUNTRY, 2016 (%) 43
FIGURE 17 THERMAL PAPER MARKET SHARE, BY REGION, 2016 (IN %) 44
FIGURE 18 NORTH AMERICA THERMAL PAPER MARKET SHARE, BY COUNTRY, 2016 (%) 47
FIGURE 19 U.S. ESTIMATED E-COMMERCE SALES, 2011-2015 (USD MILLION) 50
FIGURE 20 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL THERMAL PAPER MARKET, 2014-2017, (%) 88
FIGURE 21 GLOBAL THERMAL PAPER MARKET: COMPETITIVE BENCHMARKING 89
FIGURE 22 RICOH COMPANY: TOTAL REVENUE VS SEGMENTAL REVENUE, 2014-2016 (USD MILLION) 91
FIGURE 23 RICOH COMPANY: GEOGRAPHIC REVENUE MIX, 2016 (%) 92
FIGURE 24 RICOH COMPANY: KEY DEVELOPMENTS, 2014-2016 (%) 93
FIGURE 25 OJI PAPER (THAILAND) LTD.: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 94
FIGURE 26 OJI PAPER (THAILAND) LTD.: GEOGRAPHICAL REVENUE MIX, 2016 (%) 95
FIGURE 27 NIPPON PAPER GROUP: TOTAL REVENUE VS SEGMENTAL REVENUE, 2014-2016 (USD BILLION) 98
FIGURE 28 MITSUBISHI PAPER MILLS LTD.: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 102
FIGURE 29 MITSUBISHI PAPER MILLS LTD.: GEOGRAPHIC REVENUE MIX, 2016 (%) 103
FIGURE 30 HANSOL PAPER CO. LTD.: TOTAL REVENUE, 2014-2016 (USD MILLION) 108
FIGURE 31 APPVION, INC.: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 111
FIGURE 32 APPVION, INC.: KEY DEVELOPMENTS, 2014-2017 (%) 113


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