Direct Thermal Ticket Paper Market Size, Industry Share and...

Direct Thermal Ticket Paper Market Size, Industry Share and Forecast, 2030

Posted 2024-07-26 12:45:37

Direct Thermal Ticket Paper Market

The global market for direct thermal ticket paper was estimated to be worth USD 671.44 million in 2022 and is expected to grow to USD 1203.65 million by the end of 2030, according to a Zion Market Research analysis. Over the course of the projection period, the market is anticipated to rise at a CAGR of 7.71%. The study examines the factors that will propel growth, impede it, and affect demand for direct thermal ticket paper globally over the course of the projection period. Additionally, it will support you as you navigate and investigate the new potential in the Direct Thermal Ticket Paper market.

Global Direct Thermal Ticket Paper Market: Overview

Ticket paper that uses direct thermal technology is a speciality that requires no conventional ink to change color when it is heated. These are specifically designed to be used with thermal printing technology. The paper is heated by the machine as it passes past the thermal head during the direct thermal heating process, which produces unique thermal images. When exposed to heat or light, the coating pigment in direct thermal ticket paper is likely to cause color changes. This thermal ticket paper has a great sensitivity to external adulteration and is incredibly durable.

Direct Thermal Ticket Paper Market

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Global Direct Thermal Ticket Paper Market: Growth Factors

The market for direct thermal ticket paper is expanding significantly on a global scale. The market is expanding healthily due to factors such the rising need for thermal ticket papers for transportation, gaming, lottery, and admission tickets. Lottery and betting tickets have stringent standards when it comes to paperwork. There are a few places where it is more crucial to guarantee that the paper being used has the best protection possible against environmental effects and that validity and readability remain unaffected by the stresses the papers are subjected to.

Furthermore, the printed ticket is used to gain entry into the venue whether you're at an amusement park, movie theater, concert, or athletic event. In a similar vein, thermal tickets are becoming more and more popular in the travel sector. Printed tickets are needed for all forms of transportation—by vehicle, rail, bus, or ferry—as well as for boarding passes, baggage tags, ATBs, and pay-and-display parking tickets. Because of this, there is a growing need for thermal ticket paper in these regions, which is fueling the expansion of the direct thermal ticket paper market globally.

Additionally, there may be plenty of opportunity for the worldwide direct thermal ticket paper market to grow throughout the projected period due to the growing use of direct thermal ticket paper in practically every sector and the significant investments made by the leading players to satisfy the growing demand. The high upfront costs associated with the production and processing of thermal ticket paper, however, could impede the expansion of the worldwide direct thermal ticket paper industry. Furthermore, the market's potential expansion may also be constrained by the surge in digitalization.

The unexpected Covid-19 epidemic has had a negative impact on the world market for thermal ticket paper. The primary cause of the fall in direct thermal ticket paper demand is this. To stop the sickness from spreading, the majority of governments in the world were forced to implement total lockdowns and travel restrictions. The transportation industry has suffered as a result of these rules. Every flight, both domestic and foreign, was canceled. Additionally, all public transportation services were shut down. Sports and entertainment events were also canceled in addition to this. The combination of these reasons hindered the demand for direct thermal ticket paper, which in turn affected the growth of the market as a whole during the pandemic.

Global Direct Thermal Ticket Paper Market: Segmentation

The market for direct thermal ticket paper is divided into segments according to region, thickness, and application. The global direct thermal ticket paper market is divided into four segments based on thickness: up to 70 GSM, 70 GSM-90 GSM, 90 GSM-120 GSM, and above 120 GSM. Admission/event tickets, transportation tickets, barcode tickets, tote & gaming tickets, lottery tickets, custom tickets, baggage counter tickets, barcode tickets, valet parking, bill tickets, and other tickets are all categorized under the application section.

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Global Direct Thermal Ticket Paper Market: Regional Analysis

North America is expected to hold the biggest share of the global direct thermal ticket paper market in terms of revenue among the regions. This might be attributed to the rapidly expanding entertainment sector as well as the rising need for direct thermal ticket paper for tickets purchased at baggage counters, lotteries, and cash coupons. Over the course of the projection period, there are numerous potential prospects and a faster-than-expected pace of expansion in the Asia Pacific market. The main factors driving the market's expansion in this area are the expansion of public transportation and the rising use of ATM rolls and bill receipts.