Thermal Paper Market Size, Share & Trends Analysis Report By Application (POS, Lottery & Gaming, Tags & Label), By Region, And Segment Forecasts, 2020 – 2027

The global thermal paper market size was valued at USD 3.9 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2020 to 2027. Increasing point of sale terminal utility in services for billing and labeling is anticipated to drive the market over the forecast period. Moreover, the increasing product utilization in the food and beverage industry is likely to support the growth. The product is gaining wide acceptance in the billing operations as it offers the ability to print fast and efficiently. Moreover, the durability and print precision offered by the paper makes it easy to read the barcode and thus have gained a considerable share in the paper utilities, which is expected to drive its demand over the forecast period.

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