The Global Thermal Printing Market is estimated to be valued at US$ 45.60 Billion in 2022 and is expected to exhibit a CAGR of 4.5% over the forecast period, from 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Thermal printing is a digital printing technology that produces printed images by selectively heating coated thermochromic paper, also known as thermal paper. This technology finds wide applications in various industries such as healthcare, retail, transportation, and logistics. In the healthcare sector, thermal printing is used for printing prescription labels, wristbands, and patient identification labels. In the retail sector, it is used for printing receipts, barcode labels, and price tags. Other applications include printing boarding passes, parking tickets, and luggage tags.
Key Takeaways:
The global thermal printing market is expected to witness high growth, exhibiting a CAGR of 4.5% over the forecast period, due to the increasing adoption of barcode technology in industries such as retail, healthcare, and logistics. The Asia-Pacific region is the fastest-growing and dominating region in the thermal printing market, driven by the rapid expansion of the e-commerce industry and increasing government initiatives to improve supply chain efficiency. Key players operating in the thermal printing market include Zebra Technologies Corporation, TSC Auto ID Technology Co., Ltd., Toshiba TEC Corporation, Honeywell International, Inc., Bixolon Co., Ltd., Citizen Holdings Co., Ltd., Star Micronics Co., Ltd., Seiko Epson Corporation, SATO Holdings Corporation, HP India Sales Private Limited, and Brother International Corporation.
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