Thermal Paper Market Size| COVID-19 Impact Analysis and Overview
Segmentation:
On the basis of application, the Thermal Paper Market Size has been segmented into POS, labels & tags, lottery & gaming, and others. The POS segment is anticipated to drive the growth of the market over the next couple of years. The rising demand for the product across hypermarkets and supermarkets is poised to impact the growth of the segment favorably.
Regional Analysis:
This analysis covers a detailed segmental assessment of the global Thermal Paper Market Size on the basis of region. The regional segments covered in the analysis are - North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). These segments are then further analyzed on the basis of countries. North America is one of the leading regional segments. Increasing use of thermal paper for POS application in the region is anticipated to drive the growth of the market. Also, the region benefits from the presence of key manufacturers of the global Thermal Paper Market Size. It is expected to support the growth trajectory of the regional market in the forthcoming years. Europe is the second-leading region in the global market place. It is anticipated to maintain its prominent position through the forecast period on account of the rising sales in the retail industry.
Competitive Dashboard:
Ricoh (Japan), Appvion Operations, Inc. (the US), Oji Holdings Corporation (Japan), KOEHLER GROUP (Germany), Hansol (South Korea), MITSUBISHI PAPER MILLS LIMITED (Japan), NAKAGAWA Manufacturing (USA), Inc. (US), Gold Huasheng Paper (Suzhou Industrial Park) CO., Ltd Inc. (China), Jujo Thermal Ltd. (Finland), and Rotolificio Bergamasco SRL (Italy) are some of the prominent players of the global Thermal Paper Market Size. These players are focused on the expansion of their global footprints. It is anticipated to accelerate competition among the market players. In addition, some of the growth strategies projected to be employed by these players in the foreseeable future are – merger & acquisitions, product launches, portfolio developments, collaborations, strategic alliances, etc.
Industry News:
In May 2019, a premier provider of mobile and desktop printers, Brother Mobile Solutions, Inc. (BMC), has announced the launch of its latest TD 4 Desktop Thermal Printer Series. The product is designed functionality that is ‘supply-chain-ready.’
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