Global Thermal Paper Market Size & Outlook, 2025-2030
Global thermal paper market, 2018-2030 (US$M)
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Global thermal paper market highlights
- The global thermal paper market generated a revenue of USD 4,076.0 million in 2024 and is expected to reach USD 5,215.9 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 4.3% by 2030.
- In terms of segment, 80mm accounted for a revenue of USD 1,932.9 million in 2024.
- Other Widths is the most lucrative width segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 4,076.0 million |
| Market revenue in 2030 | USD 5,215.9 million |
| Growth rate | 4.3% (CAGR from 2025 to 2030) |
| Largest segment | 80mm |
| Fastest growing segment | Other Widths |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 57mm, 80mm, Other Widths |
Other key industry trends
- In terms of revenue, the North America accounted for 26.6% of the global thermal paper market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 253.2 million by 2030.
80mm was the largest segment with a revenue share of 47.42% in 2024. Horizon Databook has segmented the Global thermal paper market based on 57mm, 80mm, other widths covering the revenue growth of each sub-segment from 2018 to 2030.
In addition, growing domestic consumption of food & beverages and pharmaceuticals along with favorable government policies to promote investments at the domestic level in Mexico is expected to increase the number of retail outlets in the region, thereby opening new market opportunities for thermal paper.
Increasing adoption of mobile POS in the U.S. is anticipated to reduce the demand for thermal paper over the forecast period, hampering the market growth. Positive outlook toward oil & gas sector in the U.S. and Canada, on account of rising production of unconventional energy sources such as shale gas, is likely to ensure the supply of petrochemicals to raw material suppliers including coating manufacturers.
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Thermal Paper Market Scope
Thermal Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Twin Rivers Paper Company | View profile | 1001-5000 | Madawaska, Maine, United States, North America | http://twinriverspaper.com |
| Iconex | View profile | 501-1000 | Duluth, Georgia, United States, North America | http://iconex.com |
| Thermal Solutions International | View profile | 11-50 | Jacksonville, Florida, United States, North America | https://www.tsipaper.com |
| Henan Jianghe Paper Co. | View profile | 11-50 | Jiaozuo, Henan, China, Asia | http://www.jianghe.com |
| Hansol Paper | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.hansolpaper.co.kr/ |
| Mitsubishi Paper Mills | View profile | 1001-5000 | Sumida, Tokyo, Japan, Asia | https://www.mpm.co.jp/eng/ |
| Oji Holdings Corp | View profile | 37845 | 7-5, Ginza 4-chome, Chuo-ku, Tokyo, Japan, 104-0061 | http://www.ojiholdings.co.jp |
| Nippon Paper Industries Co Ltd | View profile | 15959 | 4-6, Kanda-Surugadai, Chiyoda-ku, Tokyo, Japan, 101-0062 | http://www.nipponpapergroup.com |
Global thermal paper market size, by regions, 2018-2030 (US$M)
Top 10 countries: Thermal paper market size, 2024 (US$M)
Global thermal paper market share, by width, 2024 & 2030 (%, US$M)
Thermal paper market: Opportunity assessment by country
Global thermal paper market, by region, 2024 (US$M)
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