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With 6.9% CAGR, Thermal Paper Market to hit $6.2 billion

#CAGR #Thermal #Paper #Market #hit #billion

Dallas, Texas, Oct. 21, 2022 (GLOBE NEWSWIRE) — The global thermal paper market has experienced substantial growth due to its extensive use in tags, labels, tickets, and receipts. The rising number of outlets and supermarkets in countries such as India and China is raising its demand in the market. Thermal paper is widely used by retailers especially to print sale receipts. Thermal paper is widely used for printing sale receipts in wholesale and retail stores such as grocery, ATMs, and other businesses such as airports for faster and more accurate printing. 

By 2030, it is anticipated that the global thermal paper market would have grown at an annualized pace of 6.9%, approaching $6.2 billion.

Other application areas of thermal paper are ticketing agencies and lottery systems. The thermal paper provides accurate and high volume/image quality printouts that are required mostly in healthcare sectors like electrocardiograms (ECGs), ultrasound printouts, and prescription labels.

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Global Thermal Paper Market Scope: 

Metrics Details
Study Period 2020-2030
Market Size in 2030 USD 6.2 billion
Segment Covered by Application, Technology , BY Region, 
by Application Covered Point of Sale (POS), Lottery and Gaming, Tags & Labels, Others
Technology Covered Direct Thermal, Thermal Transfer, Others
Regions Covered North America, Europe, Asia Pacific, South America, Middle East & Africa
Key Players Profiled Ricoh Company, Ltd., Appvion Incorporated, Koehler Paper, Hansol Paper, Mitsubishi Paper Mills (MPM) Limited, Siam Paper, Gold Huasheng Paper Co., Ltd., Henan Province JiangHe Paper Co., Ltd., and Jujo Thermal Limited

Thermal paper has several benefits in comparison to other types of printing material. It enables inkless printing, faster printing resulting in less waiting time at the checkout line, superior quality, and clearer images, the ability to print high-quality…

Read on GNW: With 6.9% CAGR, Thermal Paper Market to hit $6.2 billion

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