The global Non- Top Coated Thermal Paper Market is forecast to reach USD 6.75 Billion by 2030, according to a new report by Reports and Data. The market is seeing an expanded interest from the billing operations, owing to its characteristic of faster and efficient printing. However, the rising prevalence of stringent regulations from the Occupational Safety and Health Administration (OSHA), which aims to limit Bisphenol-A (BPA) levels, as thermal paper base contains at least one coating of the highly toxic chemicals, may hamper the demand of Thermal Paper in the market.
Rapid urbanization has changed the way of life of individuals and, thus, has expanded the pervasiveness of the point of sale (POS) and billing operations over a broad aspect; therefore, augmenting the demand for the market product. Furthermore, increasing awareness regarding less utilization of paper for billing applications and rising online transactions for e-commerce applications have increased the use of digital receipts, which will be hindering the growth of the Non- Top Coated Thermal Paper Market.
Top Companies Operating in the Global Non- Top Coated Thermal Paper Market:
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, and Nakagawa Manufacturing Inc.
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Further key findings from the report suggest
· Based on paper coating type, Non-Top coated thermal paper generated a revenue of USD 2.54 billion in 2019 and is expected to grow with a CAGR of 4.8% in the forecast period, owing to its superior fundamental characteristics It is utilized in many applications including accounts, operating logs, purchase order types, pricing quotations, contract documentation, incident information, and many others.
· The POS receipts contributed to the largest market share in 2019. The market in the APAC region for POS receipts is the major shareholder of the Non- Top Coated Thermal Paper Market and is likely to hold around 63.0% of the market the year 2027, as they are used in many sectors such as government facilities, production units, and retail centers for material management.
· The Asia Pacific region dominated the market for Thermal Paper. The consistent focus on cost-effective and innovative procedures adopted in the area is driving the market. The Asia Pacific region holds approximately 35.0% of the Non- Top Coated Thermal Paper Market, followed by North America, which contains around 28.0% market in the year 2019.
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The Non- Top Coated Thermal Paper Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Non- Top Coated Thermal Paper Market.
The global Non- Top Coated Thermal Paper Market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
- Top Coated
- Non-Top Coated
Technology Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
- Direct Thermal
- Thermal Transfers
- Others
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
- POS Receipts
- Lottery & Gaming Tickets
- Labels & Tags
- Others
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Key Attentions of Non- Top Coated Thermal Paper Market Report:
The report offers a complete and broad perspective on the global Non- Top Coated Thermal Paper Market.
The market statistics depicted in the various Non- Top Coated Thermal Paper Market segments give a complete picture of the industry.
The market growth drivers and challenges affecting the development of the Non- Top Coated Thermal Paper Market are analyzed in detail.
The report will aid in the analysis of key competitive market scenarios and Non- Top Coated Thermal Paper Market dynamics.
Major players, Non- Top Coated Thermal Paper Market key companies, investment feasibility, and study of new market entrants are offered.
The scope of development of the Non- Top Coated Thermal Paper Market in each market segment is covered in this report.
The macro and microeconomic factors that influence the Non- Top Coated Thermal Paper Market progress are detailed in this report.
The upstream and downstream components of the Non- Top Coated Thermal Paper Market and a complete value chain are explained.
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