The BPA-free thermal paper market is poised for growth, with a projected CAGR of 5.3% spanning the forecast period. Starting from US$1.25 billion in 2022, the market is set to reach a valuation of US$1.85 billion by 2032. The surge in demand for BPA-free thermal paper can be attributed to the escalating awareness surrounding health concerns associated with conventional thermal paper containing BPA. Furthermore, the appeal of BPA-free thermal paper lies in its versatility, as it facilitates printability across various technologies, enhancing the visual aesthetics of printed material.
The increased need for digital printing papers, owing to their cost-effectiveness and exceptional performance, is expected to catalyze demand for BPA-free thermal paper. This factor, in turn, is predicted to drive sales and bolster the BPA-free thermal paper market share.
An array of key trends within the BPA-free thermal paper market further fuels demand. The product finds applications across diverse industries including food and beverages, personal care, healthcare, pharmaceuticals, chemicals, petrochemicals, electronics, and more. These trends collectively contribute to the market’s growth trajectory and underline its promising future.
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FMI, in its upcoming business report, elaborates the historical and current scenario of the global BPA Free Thermal Paper market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
Key points:
- Health and safety concerns: BPA Free Thermal Paper eliminates the potential health risks associated with traditional thermal paper that contains BPA, ensuring the safety of consumers, employees, and the environment.
- Eco-friendly alternative: BPA Free Thermal Paper is produced using sustainable materials and eco-friendly coatings, reducing the environmental impact and promoting a greener approach to paper usage.
- High-quality printing performance: BPA Free Thermal Paper maintains excellent print quality and durability, providing clear and legible prints for various applications such as receipts, labels, and tickets.
- Regulatory compliance: The increasing regulations and bans on BPA usage in many regions and industries drive the adoption of BPA Free Thermal Paper to ensure compliance with safety standards.
- Market growth opportunities: The demand for BPA Free Thermal Paper is fueled by increasing consumer awareness about chemical safety, government regulations, and the overall shift towards sustainable and health-conscious products.
The market is experiencing significant growth as businesses and consumers prioritize safety, sustainability, and regulatory compliance. BPA Free Thermal Paper offers a viable solution that meets these requirements while maintaining high-quality printing performance, contributing to a safer and more environmentally friendly paper industry.
Crucial information and forecast statistics covered in the BPA Free Thermal Paper market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis:
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the BPA Free Thermal Paper market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the BPA Free Thermal Paper market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the BPA Free Thermal Paper market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Competition Analysis:
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the BPA Free Thermal Paper market. Competitive information detailed in the BPA Free Thermal Paper market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the BPA Free Thermal Paper market report.
Important Questions Answered on Market Report:
- Which end-user remains the top revenue contributor in different regional markets?
- At what rate has the global Free Thermal Paper market been expanding during the forecast period?
- How will the global Free Thermal Paper market look by the end of the forecast period?
- What innovative strategies are adopted by Free Thermal Paper market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Free Thermal Paper market?
Report Objectives
- To analyze and forecast the global market size in terms of value and volume
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To define, describe, and forecast the market by type, material, and application
- To forecast the market size with respect to five main regions: Asia Pacific (APAC), the Middle East & Africa, Europe, North America, and South America
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing market growth
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To analyze competitive developments in the market, such as investments & expansions, new product developments, partnerships & collaborations, and mergers & acquisitions
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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