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Key Players Hold a Significant Revenue Share in Thermal Papers Market
Prominent players are actively engaged in improving their product portfolio by introducing innovative and durable products. With their strong global presence and an effective distribution network, these players hold a significant share in thermal papers market.
Other players in the thermal papers market are regional operators, predominantly Chinese companies. These players fill the demand gaps of domestic supply chain wherein they fulfil the requirement of low cost and temporary solutions of local industries.
Increasing Cost of Raw Materials Leads to Thermal Papers Price Hike
The thermal papers marketplace is witnessing increase in prices of thermal papers owing to the rising cost of pulp and other raw materials used in the manufacturing. In addition, global shortage in the leuco dye supply chain, the highly utilized dye in the thermal paper industry, has led to an unprecedented rise in the cost of thermal papers. On the back of these developments, thermal paper manufacturers have increased the prices of thermal paper.
- In February 2018, Jujo Thermal announced a price increase for its direct thermal paper by 10-15%, effective from 1st March 2018.
- In March 2018, Koehler Paper announced an increase in thermal paper prices by 10-12% for new orders.
- In May 2018, Mitsubishi announced a price increase for its THEMOSCRIPT® thermal paper range by 10%, effective from 1st July 2018.
- In July 2017, Lecta announced a price hike for its thermal and carbonless papers by 6%, effective from September 2017.
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Increasing Demand for Tailor-Made Thermal Products
Thermal papers have been highly embraced for the application of labeling and packaging wherein multiple end-use industries such as food, logistics and production management. These end-users show significant demand for thermal papers and other thermal products such as thermal transfer ribbons.
Well aware of the demand trends, manufacturers in the thermal papers market are introducing tailored solution specific to different applications. For instance, the thermal labels used in the food industry are manufactured with different features such as heat resistance, metal detection and durability.
Thermal Papers Market – Research methodology
A robust research methodology used during the course of the thermal papers market study is thoroughly discussed in this section. The research methodology includes multipronged approaches to study thermal papers market. In addition, the section thoroughly discusses primary and secondary research approaches used to derive the thermal papers market performance.
Primary research of the thermal papers market covered comprehensive interviews and discussions with industry savants and opinions of domain-specific analysts. Secondary research of the thermal papers market comprised an in-depth study of industry database, published articles and other credible resources.
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