Thermal Papers Market: Industry Analysis, Opportunity Assessment and Forecast upto 2027

Thermal Papers Market – Notable Highlights

• In September 2018, Appvion introduced a new line of direct thermal label and tag facestocks at Labelexpo Americas 2018. The company has partnered with Colordyne Technologies and AzCoat to launch the new product line which features Appvion’s Triumph WB-3.2 labelstock laminated by AzCoat and printed on Colordyne’s 3600 Series-AQ Retrofit digital press.

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• Mitsubishi Paper Mills also showcased its specialty coated paper range which included THERMOSCRIPT thermal papers at Labelexpo America 2018. The range covered phenol-free, linerless thermal papers for multiple applications including labels, tickets, receipts or lottery tickets.
• In February 2018, Oji Holdings Corporation and Mitsubishi Paper Mills entered in a capital alliance agreement wherein Oji Holdings bought 33% stake in Mitsubishi Paper Mills. The agreement will lead to benefits wherein each company is expected to save approximately 19 million Euros in 2021.
• In May 2018, the European Chemicals Agency (ECHA) announced in a press release that EU paper manufacturers have significantly replaced bisphenol A (BPA) with alternative bisphenol S (BPS). However, ECHA’s Risk Assessment Committee indicated that BPS is supposed to have the same adverse health effects as BPA. While EU Commission’s ban on BPA will take effect in 2020, ECHA has been asked to closely investigate the use of BPS until the industry finds a safe alternative.

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• In second quarter of 2017, the Dow Chemical Company and Koehler launched thermal printing paper without bisphenols and were jointly awarded a U.S. EPA Green Chemistry Challenge Award.

The thermal papers market report also features other key players operating in the global space. The profiled players include Koehler Paper Group, Nakagawa Manufacturing (USA), Inc., Siam Paper Public Company Limited, Jujo Thermal Ltd., Ricoh Company, Ltd., and Shandong Chenming Paper Holdings Ltd.

Key Players Hold a Significant Revenue Share in Thermal Papers Market

Prominent players are actively engaged in improving their product portfolio by introducing innovative and durable products. With their strong global presence and an effective distribution network, these players hold a significant share in thermal papers market.

Other players in the thermal papers market are regional operators, predominantly Chinese companies. These players fill the demand gaps of domestic supply chain wherein they fulfil the requirement of low cost and temporary solutions of local industries.

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The thermal papers marketplace is witnessing increase in prices of thermal papers owing to the rising cost of pulp and other raw materials used in the manufacturing. In addition, global shortage in the leuco dye supply chain, the highly utilized dye in the thermal paper industry, has led to an unprecedented rise in the cost of thermal papers. On the back of these developments, thermal paper manufacturers have increased the prices of thermal paper.

• In February 2018, Jujo Thermal announced a price increase for its direct thermal paper by 10-15%, effective from 1st March 2018.
• In March 2018, Koehler Paper announced an increase in thermal paper prices by 10-12% for new orders.
• In May 2018, Mitsubishi announced a price increase for its THEMOSCRIPT® thermal paper range by 10%, effective from 1st July 2018.
• In July 2017, Lecta announced a price hike for its thermal and carbonless papers by 6%, effective from September 2017.

Point-of-Sale Commerce Remains a Prominent User of Thermal Papers

The expansion of the retail industry in the form of an increasing network of supermarket and hypermarkets as well as the growth of the hospitality industry are major factors driving the point-of-sale commerce. While grocery and retail are significant end-users, the point-of-sale also finds application in transportation payments such as parking and taxi industry.

Although e-commerce is penetrating the retail industry, point-of-sale commerce continues to remain a prime means of billing information transfer across industries. And these industries show significant reliance on thermal papers for their point-of-sale billing. As long as the point-of-sale commerce continue to remain a preferred mode of billing transactions, demand for thermal papers will remain consistent in the coming years.