Asia Pacific Thermal Paper Market Size & Outlook
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Asia Pacific thermal paper market highlights
- The Asia Pacific thermal paper market generated a revenue of USD 1,354.3 million in 2024.
- The market is expected to grow at a CAGR of 5.6% from 2025 to 2030.
- In terms of segment, 80mm was the largest revenue generating width in 2024.
- Other Widths is the most lucrative width segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 1,354.3 million |
| Market revenue in 2030 | USD 1,871.2 million |
| Growth rate | 5.6% (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 |
| Key market players worldwide | Oji Holdings Corp, Nippon Paper Industries Co Ltd, Mitsubishi Paper Mills, Hansol Paper, Henan Jianghe Paper Co., Thermal Solutions International, Iconex, Twin Rivers Paper Company |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 33.2% of the global thermal paper market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,871.2 million by 2030.
80mm was the largest segment with a revenue share of 46.15% in 2024. Horizon Databook has segmented the Asia Pacific thermal paper market based on 57mm, 80mm, other widths covering the revenue growth of each sub-segment from 2018 to 2030.
In terms of volume, Asia Pacific held the largest revenue share in 2020 and is anticipated to continue this dominance over the forecast period. Point-of-sales application for thermal papers accounted for a major consumption owing to an increase in the installation of terminals in retail stores, fuel stations, and public vehicles. China accounted for the largest revenue share of 44% of the regional market in 2020.
Rising demand for convenience foods in China, India, and Thailand, on account of the expansion of supermarkets at the domestic level, is expected to increase the demand for tags and labels. Positive outlook toward pharmaceutical industry in China, India, and Malaysia, owing to the favorable regulatory policies to promote investments at the domestic level.
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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 |
Asia Pacific thermal paper market size, by country, 2018-2030 (US$M)
Asia Pacific Thermal Paper Market Outlook Share, 2024 & 2030 (US$M)
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