According to the latest industry analysis, the global BPA-free thermal paper market is set to experience substantial growth, with an estimated market size of USD 2 billion in 2024. The market, valued at USD 1.9 billion in 2023, is projected to expand at a compound annual growth rate (CAGR) of 4.1% over the evaluation period, reaching USD 4.1 billion by 2034.
Key Drivers to BPA-Free Thermal Paper Market Share:
- Increasing Awareness Towards Health Issues: Growing awareness regarding health issues associated with the usage of thermal paper containing BPA is driving the demand for BPA-free thermal paper. Consumers are increasingly opting for BPA-free alternatives due to concerns over health risks.
- Enhanced Printability Across Technologies: BPA-free thermal paper offers improved printability across various printing technologies, enhancing the visual appearance of printed materials. This factor is contributing to the rising demand for BPA-free thermal paper in the market.
- Rising Demand for Digital Printing Papers: The increasing demand for digital printing papers, driven by their excellent performance and cost-effectiveness, is positively impacting the demand for BPA-free thermal paper. This trend is expected to further boost market sales.
- Usage Across Various End-Use Industries: BPA-free thermal paper finds application across diverse industries such as food & beverages, personal care, healthcare & pharmaceuticals, chemicals & petrochemicals, and electrical & electronics, among others, driving market growth.
Region with Highest Growth Potential:
- North America: The United States is expected to dominate the North America BPA-free thermal paper market, fueled by increasing awareness and stringent regulations regarding BPA-free products.
- Asia Pacific: China and India are anticipated to witness significant growth in the BPA-free thermal paper market, driven by government regulations promoting the use of BPA-free products and the expanding industrial sector.
- Middle East & Africa (MEA): The MEA region may experience sluggish growth in the BPA-free thermal paper market share during the forecast period.
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Key Segments of the BPA-Free Thermal Paper Industry
By Technology Type:
The BPA-free thermal paper market can be segmented into direct thermal and thermal transfer categories by printing technology.
By Thickness:
Based on thickness, the market is divided into segments of up to 60 μm, 61 to 80 μm, and above 80 μm.
By Application:
Regarding application, the market encompasses POS systems, ticketing, lottery and gaming, labels and tags, banking and finance, and other uses such as event management, kiosks, and parking systems.
By Region:
Key countries of North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa (MEA), and Oceania have been covered in the report.