Status of thermal paper industry in 2024

The status of the thermal paper industry in 2024 is as follows:

First, market size and growth

The global thermal paper market has continued to grow in recent years. According to the forecast data, the global thermal paper market size is estimated to be $4.16 billion in 2023, and is expected to grow to $5.56 billion by 2030, with a stable compound annual growth rate.

China's thermal paper market size is also expanding, with the rapid development of logistics, medical and other downstream markets, thermal paper market size is expected to further increase. It is expected that by 2025, the scale of China's thermal paper market will reach 10 billion yuan.

Second, market competition and major players

The major producers of the global thermal paper market include Oji, Koehler, Appvion, etc., among which the top three enterprises account for about 50% of the global market share, showing a certain market concentration.

In China, the development speed of the thermal paper industry has gradually accelerated, and the market competition has become increasingly fierce. At present, large-scale production enterprises include Suzhou Jinhuasheng, Henan River Paper, Guangdong Guanhao, Shandong Chenming, Marborida and so on, these enterprises occupy an important position in the domestic market.

Third, product application and demand

As an efficient, convenient and economical printing material, thermal paper is widely used in retail, logistics and other fields. Its market demand is stable and continues to grow with the development of related industries.

In China, the application field of thermal paper is also expanding. For example, in the logistics industry, thermal paper is used to print waybills, labels, etc. In the retail industry, it is used to print price labels, commodity information labels, etc.

Fourth, industry development trends and challenges

With the continuous progress of science and technology and the improvement of environmental awareness, the thermal paper industry is facing the dual challenges of technological innovation and environmental protection requirements. Enterprises need to continuously increase investment in research and development, and introduce more environmentally friendly and efficient products to meet market demand.

At the same time, the domestic and foreign market competition has intensified, and enterprises need to continuously improve product quality and service level to win customer trust and market share.

In summary, in 2024, the thermal paper industry presents the current characteristics of continuous growth in market size, fierce market competition, wide application of products, and facing technological innovation and environmental challenges.