Thermal Printing Market is Anticipated to Witness High Growth Owing to Increase in Demand for Thermal Receipt Printers

Thermal Printing Market 


Thermal printing refers to printing technology that prints by heating coated thermochromic paper or plastic using a thermal print head. Thermal printing has several advantages as compared to other printing technologies such as inkjet or laser printing. Thermal printing does not require ink which makes it environment friendly and low maintenance. Moreover, thermal printing provides high printing speed, supports barcodes and graphics and the printed output can withstand tearing, humidity and rubbing.


Thermal printing finds application in receipt printers, barcode printers, labeling systems, tickets and ATM printer. Thermal printers are mainly used by retail sector for printing receipts at point-of-sale. The rising adoption of card payments and growth of organized retail is driving the demand for thermal receipt printers globally. Other key applications include shipping/logistics, healthcare and manufacturing.

The Global Thermal Printing Market Demand is estimated to be valued at US$ 54.31 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the thermal printing market are PharmaZell, ABIL CHEMPHARMA PRIVATE LIMITED, ICE, Grindeks, Suzhou Tianlu Bio-pharmaceutical Co.,Ltd, ARCELOR CHEMICALS PRIVATE LIMITED, Dipharma Francis S.r.l. PharmaZell is a leading thermal printers manufacturing company with diversified product portfolio. ABIL CHEMPHARMA PRIVATE LIMITED specializes in thermal printers for barcode and label applications.

Increasing deployment of POS terminals and logistics services across regions presents significant growth opportunities in thermal printing market. PharmaZell has announced plans to expand its manufacturing facility in North America to cater to growing demand. ICE and Grindeks have opened new sales and aftermarket support centers in Asia Pacific and Europe respectively to strengthen their global footprint.

Market Drivers
Rise in organized retail: The growing retail sector globally and adoption of POS systems has significantly driven the demand for thermal receipt printers. Retailers adopt thermal printers for printing invoices, bills and receipts at checkout counters.

Cost effectiveness: Thermal printing solutions offer lower maintenance and operational costs as compared to other printing technologies such as inkjet or laser. Thermal printers have no ink cartridges and ribbon needs replacement less frequently.

Market Restraints
Environmental concerns: Thermal paper used in printers contains Bisphenol-A (BPA) and other chemicals that can harm the environment. Thermal paper smog created during printing adversely impacts air quality.

Technological changes: Advancements in printing technologies such as inkjet and digital may reduce the market share of thermal printing over the long term. New technologies offer better print quality and support advanced features.


Segment Analysis
Thermal printing market is segmented into direct thermal printing and thermal transfer printing. Direct thermal printing dominates the thermal printing market as it requires no ribbon or external toner and provides cost-effective solutions. It has wide applicability across warehouse labels, POS receipts and healthcare asset tracking labels and finds acceptance among small businesses with low volume printing needs. However, the printed images by direct thermal printing are prone to fading and smearing overtime limiting long term usage.

Thermal transfer printing where images are transferred to media using heat activated ribbons is gaining market share. It produces high resolution logos, barcodes and images suitable for product packaging. Food & beverage industry widely adopts thermal transfer printing for packaging labels that require durable and long-lasting prints. Innovation of ribbon technologies increasing printhead lifespan and reduction in ribbon costs is boosting adoption of thermal transfer printing across industries requiring premium print quality.

Global Analysis
Asia Pacific dominates the global thermal printing market owing to presence of leading manufacturers in China and growing packaging industry in India. Rapid industrialization and increasing middle class population driving demand for home appliances and consumer goods further spurs thermal printing adoption across retail warehouses and manufacturing floors. North America remains the second largest thermal printing market supported by retail behemoths such as Walmart mandating thermal labelling across supply chain. Europe is the fastest growing regional market on account of strict regulatory norms mandating serialization and traceability of pharmaceuticals promoting thermal printing adoption in pharma supply chains across Germany, France and UK.

Get more insights on this topic: Thermal Printing Market

Explore More Articles: India Coronary Stents Market

Comments

Post a Comment

Popular posts from this blog

The Global Electric Powertrain Market Poised for Growth Driven by Sustainable Transportation

Image
  Electric Powertrain Market The global electric powertrain market is seeing rapid adoption as consumers seek more environmentally friendly transportation options. Electric powertrains offer much lower operating costs than internal combustion engines while also being more energy efficient with fewer moving parts. Battery electric vehicles and hybrids containing electric motors and batteries are able to deliver torque instantly for smooth acceleration and regenerative braking that captures kinetic energy to charge the batteries while slowing down. Automakers are developing advanced powertrain technologies that combine smaller, lighter electric motors with improved batteries capable of longer ranges between charges. The global Electric Powertrain Market is estimated to be valued at US$ 94.12 Mn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the ...
Read more

The Bladder Liners Market Is Estimated To Witness High Growth Owing To Rising Prevalence Of Urinary Incontinence

Image
  Bladder Liners Market Market Overview: Benzodiazepines are a class of psychoactive drugs belonging to the benzodiazepine family. These drugs are prescribed for various medical conditions such as anxiety disorders, panic disorders, insomnia, seizures, alcohol withdrawal syndrome, muscle spasms, and as an anesthesia aid. Some common examples of benzodiazepines include alprazolam, clonazepam, diazepam, and lorazepam. These drugs work by increasing the action of gamma-aminobutyric acid (GABA), a major inhibitory neurotransmitter in the central nervous system. Due to their calming properties, they are widely used to treat insomnia, anxiety, panic attacks, agitation, seizures, muscle spasms, and alcohol withdrawal. Market Dynamics: The Benzodiazepine Drugs Market is primarily driven by the rising prevalence of anxiety disorders worldwide. As per Anxiety and Depression Association of America, anxiety disorders are the most common mental illness in the U.S., affecting nearly 40 million ...
Read more

Poultry Market is Expected to be Flourished by Growing Demand for Protein-Rich Food

Image
Poultry Market The poultry market comprises farming of domesticated birds such as chickens, ducks, turkeys, and geese, primarily for their meat and eggs. Poultry meat is one of the most consumed meats globally owing to its high protein content. Chicken is the most commonly produced meat worldwide, with over 95 million tons produced annually. Poultry farming provides affordable animal protein to consumers while generating income and employment for farmers and allied industries. The global poultry industry includes large integrated production facilities, small commercial farms, and backyard flock operations. Technological advancements have increased efficiency in breeding, hatching, feeding, housing, and disease control. The global poultry market is estimated to be valued at US$ 15.88 billion in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: One of the key driv...
Read more