Global Thermal Paper Market to Surpass the USD 5.5 Billion Mark by 2025, Expects Grand View Research in Its Study Available at MarketPublishers.com13 Mar 2017 • by Natalie Aster
LONDON – The rising demand for POS emerges to be the number one driver of the global market for thermal paper. This marketplace is forecast to be worth more than USD 5.5 billion by 2025.
Spending on labeling is expected to rise in the short run thanks to the emergence of the supply chain management in the manufacturing field where it has turned into the number one planning parameter form the monitoring of an operational flow from suppliers of raw materials to buyers. This is set to result into the increase in the usage of thermal paper in the coming years.
The lottery and gaming sector is expected to grow at a CAGR of more than 5% in volume terms in coming years. The increase will be ignited by the rising number of lottery machines and casinos in such destinations as Singapore, Malaysia, Vietnam, and more. The rise, in its term, will come from an upsurge of tourism spending there.
Europe held a share of around 30% of the global volume as of 2015. The rise in the production of dietary supplements and nutritional products in this region is set to encourage the use of labels and tags in the offing.
The revenue is forecast to increase at a CAGR of approximately 8% in the MEA region over the period 2016-2025. This trend will stem from the rising number of supermarkets and retail outlets specializing in consumer goods.
Oji Holdings Corporation, Nakagawa, and Appvion are some of leading manufacturers of thermal paper globally.
In-demand research report “Thermal Paper Market Analysis By Technology, By Application, By Region, And Segment Forecasts, 2014 - 2025” drawn up by Grand View Research, Inc. offers an up-close look at the world’s market for thermal paper. The study starts with an all-round overview of this marketplace.
It focuses on technology trends and estimates. The report limelights the application fields and discusses the performance of regional marketplaces. The research study explores the global competitive landscape and concentrates on major players. Future outlook for this market can be found in the research report, too.
More insightful studies by Grand View Research are available at its page.