India Thermal Paper Market Size & Outlook, 2025-2030
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India thermal paper market highlights
- The India thermal paper market generated a revenue of USD 159.2 million in 2024 and is expected to reach USD 253.2 million by 2030.
- The India market is expected to grow at a CAGR of 8.2% 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.
Thermal paper market data book summary
| Market revenue in 2024 | USD 159.2 million |
| Market revenue in 2030 | USD 253.2 million |
| Growth rate | 8.2% (CAGR from 2025 to 2030) |
| Largest segment | 80mm |
| Fastest growing segment | Other Widths |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, India accounted for 3.9% of the global thermal paper market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China thermal paper market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 253.2 million by 2030.
80mm was the largest segment with a revenue share of 51.01% in 2024. Horizon Databook has segmented the India thermal paper market based on 57mm, 80mm, other widths covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing point-of-sale applications for thermal papers are likely to fuel the market growth over the forecast period. PoS terminals are widely accepted for billing in retail stores, convenience shops, entertainment centers, fuel stations, tickets in public transport, and others.
Retail industry in the country is anticipated to witness significant growth owing to improvement in living standards, high spending capacity, and wide acceptance of online retail shopping. Consumption of tags & labels used in retail packaging and bill printing is likely to support the demand for thermal papers over the forecast period.
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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 |
India thermal paper market size, by width, 2018-2030 (US$M)
India Thermal Paper Market Outlook Share, 2024 & 2030 (US$M)
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