The thermal paper market shows strong growth in 2024

The thermal paper market shows strong growth momentum in 2024, mainly driven by multiple factors. The global thermal paper market has grown from $4.39 billion in 2023 to $4.77 billion in 2024, with a compound annual growth rate (CAGR) of 8.7%.

The main driving factors for growth include:

The expansion of e-commerce: The rapid development of the e-commerce industry has increased the demand for thermal paper, especially in automated packaging and label printing systems, where thermal printers are favored for their speed and efficiency.

The popularity of mobile POS systems: The application of mobile POS systems in various industries such as retail and catering is becoming increasingly widespread, and these systems rely on thermal paper to print receipts.

The demand for sustainable development: Due to the increasing awareness of environmental protection, the demand for BPA free thermal paper is also growing, which is driving the market's demand for sustainable thermal paper solutions.

In China, the thermal paper industry is also developing rapidly. Between 2024 and 2030, the Chinese thermal paper market is expected to continue to grow, thanks to the increasing market demand and continuous technological advancements.

In addition, the government's promotion of digital receipts and the dependence of various industries on label printing have also contributed to the development of the thermal paper market.

Overall, the thermal paper market is expected to continue to maintain steady growth in the coming years, particularly driven by demand from industries such as retail, e-commerce, logistics, and healthcare.