Global Thermal Paper Market
Thermal Paper Market size is estimated at USD 3.6 billion in 2024 and is poised to reach USD 8.6 billion by the end of 2037, growing at around 6.9% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of thermal paper is assessed at USD 3.8 billion.
Applications of thermal paper in various sectors, such as retail, logistics, and healthcare, are anticipated to position the market for substantial growth. The adoption of these papers due to the general use of POS systems on receipts and records of transactions motivates growth. Increasing demand for fast and efficient printing in the retail and service industries drives this trend. Furthermore, new technological changes in thermal printing with better quality and higher speed are opening more avenues for market growth.
The thermal paper market trends are driven by different government initiatives more so in Europe and North America. Stringent regulations concerning environmental sustainability, for instance, drive manufacturers to produce environmentally friendly alternatives to traditional thermal paper, such as BPA-free and phenol-free alternatives. A report by the European Chemicals Agency in 2020 stated that BPA would face further restrictions in its use in thermal paper; hence, it would raise the demand for safer alternatives to meet these demands. The main purpose of such regulations is to ensure the safety of consumers and drive innovation into the market.
Author Credits: Rajrani Baghel
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