According to new research report Thermal Paper Market size is expected to exceed USD 5.6 billion till 2025. Increasing demand for labelling owing to the fast expansion of e-commerce and retail industry will augment the industry expansion. 

Some major findings of the thermal paper market report include:

	The demand for thermal paper market is increasing across the globe due to growth in printing receipts and adding price labels to the products for improved clarity during the purchase

	These products are widely adopted due to its benefits including speedy and high-quality printing, reduced cost of printing and high quality of the print

	Stringent regulations and strict labelling demand in the food and pharmaceutical industry will drive the demand for global market

	Some of the key players in the industry are Koehler, Mitsubishi Mills, Ricoh and NCR

	Company collaborations, capacity expansion and new product launch are few of the strategies adopted by the manufacturers and marketers

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Increasing product penetration in printing receipts at POS, ATM machines, price labels, has amplified the industry expansion. Changing consumer preferences towards the use of cards and digital payment options to purchase goods results in increased use of printing receipts to generate purchasing bills and maintain customer data. Adoption of cashless payment mode across several sectors including food & beverage, pharmaceutical, food services, retail industry and many more will propel the demand in forecasted time frame.

Promulgating demand for these papers has resulted in decreased use of harmful ink for printing, reducing potential harm to the environment caused due to the outflow of wastewater from the industry. The product is easy to handle and load in the printers, making it convenient to be used by anyone. 

Top coated gaining widespread adoption in various industry verticals including food, industrial, logistic, pharmaceutical, retail and specialty labels. Labelling in the food sector is of utmost importance as it projects the product specifications. Increasing government rules pertaining to proper labelling of food and pharmaceuticals will support the business expansion by the end of 2025.

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Thermal transfer technology has gained momentum in recent years and is forecasted to grow at highest growth rate compared to other methods. The use of this technology produces high-quality images, reduces the cost of maintenance and enables faster and more durable printing. The technology provides with better resolution of the barcodes owing to which they are extensively used in packaging and labelling.

Rising demand for point-of-sale terminals owing to its adoption across several functions including inventory management, transportation, payment processing and other CRM activities will promulgate the industry size in the forecasted time frame. Growing trend of cashless payments owing to its higher efficiency, ease of use and alternative to cash will support thermal paper market growth.

Packaging and labelling industry are gaining traction due to the rapid growth of e-commerce industry. Widening array of application for printing price tags, invoice and receipts which contains important information which is needed during the logistics support for the product. Further, increasing demand by the end-user from sectors including retail, healthcare, food and beverage and other such products will provide lucrative opportunities for thermal line of business, contributing to industry expansion.

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Growth in the Asia Pacific retail industry as a result of increasing demand for e-commerce products owing to rising disposable income and urbanization will support thermal paper market expansion. Availability and increased penetration of internet services in the region have increased the adoption of cashless payments and transfer of money, which generates the electronic receipts giving boost to the overall market size.

Manufacturers are adopting strategies including joint ventures and acquisitions, new product launch, capacity expansion to increase the customer base and profits for the company. Further increasing demand for custom printed rolls will provide lucrative opportunities for industrialists in the forecasted time frame. 

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