Thermal Paper Market 2019 to 2025, Key Industry Players & Growth Trends

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Thermal Paper Market 2019 to 2025, Key Industry
Players Growth Trends
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Global Market Scenario of Thermal Paper Industry

• According to new report Thermal Paper Market size
  is expected to exceed USD 5.6 billion till 2025.
  Increasing demand for labelling owing to the fast
  expansion of e-commerce and retail industry will
  augment the industry expansion.
• Increasing product penetration in printing
  receipts at POS, ATM machines, price labels, has
  amplified the industry expansion. Changing
  consumer preferences towards the use of cards and
  digital payment options to purchase goods results
  in increased use of printing receipts to generate
  purchasing bills and maintain customer data.
• Adoption of cashless payment mode across several
  sectors including food beverage,
  pharmaceutical, food services, retail industry
  and many more will propel the demand in
  forecasted time frame.
• Promulgating demand for these papers has resulted
  in decreased use of harmful ink for printing,
  reducing potential harm to the environment caused
  due to the outflow of wastewater from the
  industry. The product is easy to handle and load
  in the printers, making it convenient to be used
  by anyone.

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• Some major findings of the thermal paper market
  report include
• The demand for thermal paper market is increasing
  across the globe due to growth in printing
  receipts and adding price labels to the products
  for improved clarity during the purchase
• These products are widely adopted due to its
  benefits including speedy and high-quality
  printing, reduced cost of printing and high
  quality of the print
• Stringent regulations and strict labelling demand
  in the food and pharmaceutical industry will
  drive the demand for global market
• Some of the key players in the industry are
  Koehler, Mitsubishi Mills, Ricoh and NCR
• Company collaborations, capacity expansion and
  new product launch are few of the strategies
  adopted by the manufacturers and marketers

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360 Industry Analysis

• Growth in the Asia Pacific retail industry as a
  result of increasing demand for e-commerce
  products owing to rising disposable income and
  urbanization will support thermal paper market
  expansion.
• Availability and increased penetration of
  internet services in the region have increased
  the adoption of cashless payments and transfer of
  money, which generates the electronic receipts
  giving boost to the overall market size.
•  

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• Competitive Analysis
• Manufacturers are adopting strategies including
  joint ventures and acquisitions, new product
  launch, capacity expansion to increase the
  customer base and profits for the company.
  Further increasing demand for custom printed
  rolls will provide lucrative opportunities for
  industrialists in the forecasted time frame.
• Some of the key players in the industry are
  Koehler, Mitsubishi Mills, Ricoh and NCR

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