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Global Thermal Paper Market to reach $5.5bn by 2025

Global Thermal Paper Market to reach $5.5bn by 2025

Mubasher: The Global Thermal Paper Market’s value is expected to achieve a compound annual growth rate of 8.2% to reach $5.5 billion by 2025, a report by ResearchAndMarkets.com showed.

Thermal paper is a special type of paper produced with special coating that enables printing without ink. Heat applied to coating, producing a clear image on the paper with no need for ribbons or inks.

Image result for Thermal papers coating

Characterised by low energy consumption and low maintenance costs, thermal paper printing is one of the most economical printing technologies.

“Positive application outlook across industries such as packaging, printing, and logistics is expected to generate lucrative opportunities for market participants to increase their sales,” ResearchAndMarkets.com’s report revealed.

Thermal paper printing ensures durability and legibility in transactional documents which include graphics and logos for service records, financial documents, contract documents, and product order forms, history of customer orders, accident reports, and price quotes.

“Due to the rapid adoption of top-coated thermal papers, the images created remain readable under proper storage conditions even throughout 20 to 25 years,” the report said.