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    China Thermal Paper Market

    ID: MRFR/PNT/55344-HCR
    111 Pages
    Snehal Singh
    September 2025

    China Thermal Paper Market Research Report: By Technology (Direct Thermal, Thermal Transfer), By Application (POS, Lottery & Gaming, Labels & Tags, Others) andBy End-Use Industry (Packaging & Labelling, Printing, Retail, Others)- Forecast to 2035

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    China Thermal Paper Market Research Report - Forecast till 2035 Infographic
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    Table of Contents

    China Thermal Paper Market Summary

    The China Thermal Paper market is projected to experience substantial growth from 526.0 million USD in 2024 to 1205 million USD by 2035.

    Key Market Trends & Highlights

    China Thermal Paper Key Trends and Highlights

    • The market valuation is expected to reach 1205 million USD by 2035, indicating robust growth potential.
    • From 2025 to 2035, the market is anticipated to grow at a compound annual growth rate of 7.83%.
    • In 2024, the market is valued at 526.0 million USD, reflecting a solid foundation for future expansion.
    • Growing adoption of thermal printing technology due to increasing demand for efficient printing solutions is a major market driver.

    Market Size & Forecast

    2024 Market Size 526.0 (USD Million)
    2035 Market Size 1205 (USD Million)
    CAGR (2025-2035) 7.83%

    Major Players

    Transcend International, Koehler Paper Group, Sappi Lanaken, Yupo Corporation, Mitsubishi Paper Mills, TAIWAN VICTORY PAPER, Shenzhen Daqi Technology, Ninestar Corporation, Hansol Paper, Guangzhou Gannian Co, Dai Nippon Printing, Chengxin Paper

    China Thermal Paper Market Trends

    The China Thermal Paper Market is characterized by substantial growth, which is influenced by a variety of critical factors. The rapid expansion of point-of-sale (POS) systems has fuelled the increasing demand in the retail sector, where thermal paper is frequently employed for receipts and tickets, which is a primary market driver. Furthermore, there is a growing emphasis on environmentally sustainable products, which has resulted in a demand for thermal papers that are BPA-free and composed of recyclable materials. This trend is consistent with China's efforts to promote environmental sustainability.

    Additionally, the efficiency and quality of thermal printing are improved by advancements in printing technologies, which contribute to market expansion. The thermal paper market in China offers a vast array of opportunities. The demand for thermal paper-printed labels and packaging slips is increasing as the logistics and e-commerce sectors continue to expand. Additionally, the healthcare sector's expansion offers new opportunities, as hospitals are increasingly reliant on thermal paper for patient records and prescriptions.

    The integration of thermal paper products with new technologies has the potential to capture more market shares in various sectors, given the government's emphasis on smart city initiatives and digitalization. Although there has been a recent trend toward digital solutions, thermal paper continues to be a significant reliance in numerous industries.The relevance of thermal paper is maintained by the continued need for reliable thermal printing for transaction records despite the increasing adoption of cloud-based POS systems and mobile payment solutions.

    Furthermore, the emphasis on quality enhancement in manufacturing is becoming increasingly apparent as Chinese companies are investing in more efficient production processes to keep pace with the evolving standards of both domestic and international markets. In general, the thermal paper market in China is poised for growth as it combines traditional applications with innovative innovations.

    China Thermal Paper Market Drivers

    Market Segment Insights

    Thermal Paper Market Technology Insights

    The China Thermal Paper Market, with a strong emphasis on the Technology segment, showcases a diverse array of applications driven primarily by advancements in technology. This segment predominantly comprises Direct Thermal and Thermal Transfer technologies, both of which play critical roles in various industries, such as retail, logistics, healthcare, and financial services.

    Direct Thermal technology is widely used for printing receipts, labels, and tickets due to its efficiency and ease of use, offering a straightforward solution with minimal setup.It operates without the need for additional ink or ribbons, thereby reducing operational costs and maintenance, which is a significant advantage in high-volume print environments. On the other hand, Thermal Transfer technology provides enhanced durability and quality, making it ideally suited for applications requiring long-lasting labels and high-resolution graphics. This is especially relevant in industries where product tracking and compliance with regulations are essential, like pharmaceuticals and food safety.

    Additionally, consumers in China are increasingly seeking more eco-friendly options, prompting a rise in the development of recycled thermal papers, which emphasizes sustainability within the thermal paper industry.As Chinese manufacturers continue to innovate, advancements in their technological processes are leading to higher efficiency, lower costs, and improved quality in thermal paper products, thus driving growth within the overall market. The growing demand in the e-commerce sector is significantly contributing to market expansion as the need for efficient, reliable, and fast thermal printing solutions increases.

    Furthermore, government initiatives aimed at promoting smart logistics and digitalization within various sectors are also propelling the adoption of thermal paper technologies, ultimately influencing the China Thermal Paper Market statistics positively.The steady growth in retail and transportation sectors continues to be a driving force behind the growth of the Thermal Paper Market, as they rely heavily on accurate and efficient printing solutions for their operations. Overall, the Technology segment of the China Thermal Paper Market remains pivotal in shaping the future of thermal printing solutions, reflecting the dynamic shifts in consumer preferences and industry needs.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Revie

    Thermal Paper Market Application Insights

    The China Thermal Paper Market shows a diverse Application segmentation, which plays a pivotal role in various industries. The POS segment is especially significant, driven by the growth of retail and hospitality sectors, as it facilitates fast and efficient transactions, enhancing customer experiences. The Lottery and Gaming segment benefits from the increasing popularity of digital gaming and lotteries, where quick ticket printing is essential for operational efficiency.

    Get more detailed insights about China Thermal Paper Market Research Report - Forecast till 2035

    Regional Insights

    Key Players and Competitive Insights

    The China Thermal Paper Market is witnessing a dynamic evolution driven by the growing demand for high-quality printing solutions in various sectors such as retail, hospitality, logistics, and banking. As a result, numerous companies are vying for market share, spurred by advancements in technology and the increasing need for efficient and reliable printing methods. The competition among manufacturers revolves around product innovation, price competitiveness, and supply chain efficiencies, creating a landscape where established players and new entrants coexist. Factors such as advancements in thermal paper technology, environmental considerations, and regulatory compliance also shape the competitive dynamics in this market.

    As companies focus on meeting the diverse requirements of customers, understanding competitive insights becomes instrumental in navigating this bustling market.Transcend International has carved a significant presence in the China Thermal Paper Market by leveraging its strengths in manufacturing capabilities and product diversification. With a strong focus on quality, the company offers a wide range of thermal paper products that cater to various applications within the market. Transcend's commitment to innovation and continuous improvement in terms of product performance has allowed it to build a loyal customer base across different sectors in China.

    The company maintains robust supply chains and distribution networks that enhance its market reach, making it a formidable contender in the competitive landscape. Additionally, Transcend International actively engages in research and development to stay ahead of industry trends and customer needs, positioning itself as a leader in providing specialized thermal paper solutions tailored to the Chinese market.Koehler Paper Group is another key player in the China Thermal Paper Market, recognized for its diverse portfolio of high-quality thermal papers.

    The company’s strengths lie in its extensive experience in the paper manufacturing industry, coupled with continued investments in technology to improve production efficiency and product quality. Koehler focuses on producing thermal papers designed for various applications, including point-of-sale terminals, ticketing, labels, and more. The company has established a solid market presence in China through strategic partnerships and a commitment to sustainable practices. Furthermore, Koehler Paper Group's focus on mergers and acquisitions has enabled it to expand its operational footprint and enhance its service offerings, ensuring it remains competitive in this rapidly evolving market.

    The emphasis on eco-friendly products also aligns with the growing consumer preference for sustainability in China, further solidifying its position.

    Key Companies in the China Thermal Paper Market market include

    Industry Developments

    The China Thermal Paper Market has seen notable developments recently, driven by an increasing demand for thermal paper in retail, logistics, and healthcare sectors. Companies such as Transcend International and Mitsubishi Paper Mills continue to expand their product offerings, focusing on eco-friendly thermal paper solutions in response to growing environmental concerns. In August 2023, Shenzhen Daqi Technology announced a significant increase in production capacity, aiming to enhance efficiency and reduce costs. Meanwhile, Ninestar Corporation has reported considerable growth in market valuation, impacting overall competitiveness within the sector.

    Noteworthy mergers and acquisitions have shaped the landscape; for instance, in May 2023, a strategic partnership between Koehler Paper Group and Guangzhou Gannian Co was established to enhance product distribution and innovation in China. The market has experienced fluctuations in pricing due to raw material availability, prompting companies like Sappi Lanaken to adjust pricing strategies accordingly. Over the last two to three years, the market has seen consistent growth, driven by technological advancements and rising application areas for thermal paper, significantly influencing production processes and market dynamics.

    Market Segmentation

    Outlook

    • Packaging & Labelling
    • Printing
    • Retail
    • Others

    Thermal Paper Market Technology Outlook

    • Direct Thermal
    • Thermal Transfer

    Thermal Paper Market Application Outlook

    • POS
    • Lottery & Gaming
    • Labels & Tags
    • Others

    Thermal Paper Market End-Use Industry Outlook

    • Packaging & Labelling
    • Printing
    • Retail
    • Others

    Report Scope

    Report Scope:
    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 501.9(USD Million)
    MARKET SIZE 2024 526.05(USD Million)
    MARKET SIZE 2035 1205.0(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 7.826% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED Transcend International, Koehler Paper Group, Sappi Lanaken, Yupo Corporation, Mitsubishi Paper Mills, TAIWAN VICTORY PAPER, Shenzhen Daqi Technology, Ninestar Corporation, Hansol Paper, Guangzhou Gannian Co, Dai Nippon Printing, Chengxin Paper
    SEGMENTS COVERED Technology, Application, End-Use Industry
    KEY MARKET OPPORTUNITIES Growing e-commerce sector demand, Increasing retail sector investments, Rising adoption of digital payment solutions, Expanding food service industry applications, Government regulations on printing materials
    KEY MARKET DYNAMICS growing e-commerce sector, increasing retail demand, sustainability trends, technological advancements, competitive pricing strategies
    COUNTRIES COVERED China

    Market Highlights

    Author
    Snehal Singh
    Assistant Manager - Research

    High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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    FAQs

    What is the projected market size of the China Thermal Paper Market in 2024?

    The China Thermal Paper Market is expected to be valued at 526.05 million USD in 2024.

    What is the expected market size of the China Thermal Paper Market in 2035?

    The market is anticipated to grow to 1,205.0 million USD by 2035.

    What is the expected CAGR for the China Thermal Paper Market from 2025 to 2035?

    The market is expected to grow at a CAGR of 7.826% during the period from 2025 to 2035.

    Which technology segment has a larger market share in the China Thermal Paper Market?

    The Direct Thermal segment is projected to dominate the market, reaching 730.0 million USD by 2035.

    What is the market value for the Thermal Transfer technology in 2024?

    The Thermal Transfer segment is valued at 211.05 million USD in 2024.

    Who are some of the key players in the China Thermal Paper Market?

    Major players include Transcend International, Koehler Paper Group, and Dai Nippon Printing among others.

    What are the future opportunities for the China Thermal Paper Market?

    Key opportunities lie in expanding applications in retail and logistics sectors, driven by increasing demand.

    What challenges are currently affecting the China Thermal Paper Market growth?

    Challenges include raw material supply constraints and fluctuating prices impacting production costs.

    How is the Direct Thermal segment expected to perform by 2035?

    The Direct Thermal segment is expected to achieve a market value of 730.0 million USD by 2035.

    What impact does the current global scenario have on the China Thermal Paper Market?

    Current global conditions could influence supply chains and pricing strategies within the market.

    1. EXECUTIVE SUMMARY
    2. Market Overview
      1. Key Findings
      2. Market Segmentation
    3. Competitive Landscape
      1. Challenges and Opportunities
      2. Future Outlook
    4. MARKET INTRODUCTION
      1. Definition
    5. Scope of the study
      1. Research Objective
        1. Assumption
    6. Limitations
    7. RESEARCH METHODOLOGY
      1. Overview
      2. Data Mining
      3. Secondary Research
      4. Primary Research
        1. Primary Interviews
    8. and Information Gathering Process
      1. Breakdown of Primary Respondents
      2. Forecasting Model
      3. Market Size Estimation
        1. Bottom-Up
    9. Approach
      1. Top-Down Approach
      2. Data Triangulation
    10. Validation
    11. MARKET DYNAMICS
      1. Overview
    12. Drivers
      1. Restraints
      2. Opportunities
    13. MARKET FACTOR ANALYSIS
      1. Value chain Analysis
      2. Porter's Five Forces Analysis
    14. Bargaining Power of Suppliers
      1. Bargaining Power of Buyers
    15. Threat of New Entrants
      1. Threat of Substitutes
        1. Intensity
    16. of Rivalry
      1. COVID-19 Impact Analysis
        1. Market Impact Analysis
        2. Regional Impact
        3. Opportunity and Threat Analysis
    17. CHINA THERMAL PAPER MARKET, BY TECHNOLOGY (USD MILLION)
      1. Direct
    18. Thermal
      1. Thermal Transfer
    19. CHINA THERMAL PAPER MARKET, BY APPLICATION
    20. (USD MILLION)
      1. POS
      2. Lottery & Gaming
      3. Labels &
    21. Tags
      1. Others
    22. CHINA THERMAL PAPER MARKET, BY END-USE INDUSTRY
    23. (USD MILLION)
      1. Packaging & Labelling
      2. Printing
    24. Retail
      1. Others
    25. COMPETITIVE LANDSCAPE
    26. Overview
      1. Competitive Analysis
      2. Market share Analysis
    27. Major Growth Strategy in the Thermal Paper Market
      1. Competitive Benchmarking
      2. Leading Players in Terms of Number of Developments in the Thermal Paper
    28. Market
      1. Key developments and growth strategies
        1. New Product
    29. Launch/Service Deployment
      1. Merger & Acquisitions
        1. Joint
    30. Ventures
      1. Major Players Financial Matrix
        1. Sales and Operating
    31. Income
      1. Major Players R&D Expenditure. 2023
    32. COMPANY PROFILES
      1. Transcend International
        1. Financial Overview
    33. Products Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key Strategies
      2. Koehler Paper Group
        1. Financial
    34. Overview
      1. Products Offered
        1. Key Developments
    35. SWOT Analysis
      1. Key Strategies
      2. Sappi Lanaken
    36. Financial Overview
      1. Products Offered
        1. Key Developments
        2. SWOT Analysis
        3. Key Strategies
      2. Yupo Corporation
        1. Financial Overview
        2. Products Offered
        3. Key
    37. Developments
      1. SWOT Analysis
        1. Key Strategies
    38. Mitsubishi Paper Mills
      1. Financial Overview
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
        4. Key Strategies
      2. TAIWAN VICTORY PAPER
        1. Financial Overview
    39. Products Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key Strategies
      2. Shenzhen Daqi Technology
        1. Financial
    40. Overview
      1. Products Offered
        1. Key Developments
    41. SWOT Analysis
      1. Key Strategies
      2. Ninestar Corporation
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      3. Hansol Paper
        1. Financial Overview
        2. Products Offered
        3. Key
    42. Developments
      1. SWOT Analysis
        1. Key Strategies
    43. Guangzhou Gannian Co
      1. Financial Overview
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
        4. Key
    44. Strategies
      1. Dai Nippon Printing
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT
    45. Analysis
      1. Key Strategies
      2. Chengxin Paper
    46. Financial Overview
      1. Products Offered
        1. Key Developments
        2. SWOT Analysis
        3. Key Strategies
    47. APPENDIX
      1. References
      2. Related Reports
    48. LIST OF ASSUMPTIONS
    49. & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS)
    50. PAPER MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS)
    51. INDUSTRY, 2019-2035 (USD BILLIONS)
    52. LIST
    53. OF FIGURES
    54. MARKET ANALYSIS BY TECHNOLOGY
    55. BY APPLICATION
    56. PROCESS OF MRFR
    57. DRIVERS IMPACT ANALYSIS: THERMAL PAPER MARKET
    58. ANALYSIS: THERMAL PAPER MARKET
    59. MARKET
    60. THERMAL PAPER MARKET, BY APPLICATION, 2019 TO 2035 (USD Billions)
    61. THERMAL PAPER MARKET, BY END-USE INDUSTRY, 2025 (% SHARE)
    62. PAPER MARKET, BY END-USE INDUSTRY, 2019 TO 2035 (USD Billions)
    63. BENCHMARKING OF MAJOR COMPETITORS

    China Thermal Paper Market Segmentation

     

     

     

    • Thermal Paper Market By Technology (USD Million, 2019-2035)

      • Direct Thermal

      • Thermal Transfer



    • Thermal Paper Market By Application (USD Million, 2019-2035)

      • POS

      • Lottery & Gaming

      • Labels & Tags

      • Others



    • Thermal Paper Market By End-Use Industry (USD Million, 2019-2035)

      • Packaging & Labelling

      • Printing

      • Retail

      • Others





     



     



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