According to a new report by Reports and Data, the global Pixel Thermal Paper Roll market is expected to reach USD 6.75 billion by 2030. This is due to an increased demand for Thermal Paper in billing operations as it offers faster and more efficient printing. However, the demand for Pixel Thermal Paper Roll may be hampered by the rising prevalence of regulations from the Occupational Safety and Health Administration (OSHA) limiting Bisphenol-A (BPA) levels in Pos Thermal Paper base. This is because the base contains at least one coating of highly toxic chemicals.
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Rapid urbanization has changed the way of life for individuals, leading to an increased demand for point of sale (POS) and billing operations. This has augmented the demand for Thermal Paper products. However, increasing awareness of the need to reduce paper usage for billing applications and the rise of online transactions for e-commerce have increased the use of digital receipts, hindering the growth of the Thermal Paper market.
Thermal printing is witnessing maximum growth due to its ability to act as a buffer between the elements in the print head and the label material, providing quality documents during transactional procedures. Printer ribbons provide a back-coating that reduces tension and friction between rough substrates to increase the print head's existence. This printing technique allows label printing at different temperatures, which preserves print accuracy and readability under intense light and chemical interaction for a prolonged period.
The COVID-19 pandemic has impacted the Pixel Thermal Paper Roll market, with manufacturers changing their practices and purchasing priorities to meet the required demand. The export-dependent economies of many regions look vulnerable, and the global Thermal Paper markets are reshaped by the effects of the pandemic.
Based on the report, key findings include that Non-Top coated thermal paper generated a revenue of USD 2.54 billion in 2019, and the POS receipts contributed to the largest market share in 2019. The Asia Pacific region dominated the market for Thermal Paper, holding approximately 35.0% of the market in 2019.
Key participants in the market include:
- Koehler Paper Group
- Oji Holdings Corporation
- Mitsubishi Paper Mills (MPM)
- Ricoh Company Ltd., Siam Paper
- Appvion Operations Inc.
- Nakagawa Manufacturing Inc.
- Jujo Limited
- Hansol Paper
- Nakagawa Manufacturing Inc.
Thermal Paper Market: Notable Innovation
There have been several notable innovations in the Pos Thermal Paper market in recent years. One of the most significant is the development of BPA-free thermal paper, which eliminates concerns about the potentially harmful effects of BPA exposure. Additionally, there have been advancements in printing technology that allow for higher quality and longer lasting prints on Pixel Thermal Paper Roll. Another innovation is the use of thermal paper in new applications, such as in medical and healthcare settings for printing patient information labels and wristbands.
Thermal Paper Market: Drive Factors
The Thermal Paper market is being driven by several factors, including the increased demand for faster and efficient printing in billing operations, the prevalence of point of sale (POS) and billing operations due to rapid urbanization, and the adoption of uncoated printing for documents involving accounting, insurance receipts, and public safety. Additionally, the mobility of thermal paper enables lightweight, portable POS machines to be used to print tickets and receipts on the spot, and the thermal transfer process is optimal for printing UL Recognized Print, shelf labeling, outdoor applications, cold storage, and barcode labels for product recognition on different products. The market is also witnessing maximum growth due to its ability to act as a buffer between the elements in the print head and the label material, which allows for label printing at different temperatures and preserves print accuracy and readability under intense light and chemical interaction for a prolonged period.
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