Saudi Arabia Thermal Paper Market is expected to grow at a 9.01% CAGR through 2029
Growing
demand for thermal paper from the retail sector and increasing use of thermal
paper in ATM receipts, credit card slips, and medical records are driving the
Saudi Arabia Thermal Paper Market during the forecast period 2025-2029.
According
to TechSci Research report, “Saudi Arabia Thermal Paper Market – By
Region, Competition, Forecast and Opportunities, 2019-2029”, the Saudi
Arabia Thermal Paper Market is expected to register robust growth during the
forecast period. One of the prominent drivers of the thermal paper market in
Saudi Arabia is the continuous expansion of the retail industry. The retail
sector plays a pivotal role in the demand for thermal paper products as it
relies on point-of-sale (POS) systems for efficient customer transactions.
Thermal paper, with its ability to produce quick and legible receipts, is an
indispensable component of retail operations. The growth of the retail industry
in Saudi Arabia can be attributed to several factors, including a robust
economy, increased consumer spending, and the establishment of various retail
formats, such as supermarkets, convenience stores, and shopping malls. These
developments have contributed to the proliferation of POS systems and cash
registers, where thermal paper is used to print transaction receipts, price
tags, and product labels. As the retail landscape expands, the demand for
thermal paper in the Saudi Arabian market continues to rise, making the retail
industry a key driver in sustaining and growing the thermal paper market. The
booming e-commerce industry is another significant driver of the thermal paper
market in Saudi Arabia. With the rapid increase in online shopping and the rise
of digital platforms, the need for efficient order fulfillment and tracking
systems has become paramount. Thermal paper products are crucial for this
purpose, as they are used to print shipping labels, invoices, and receipts for
online purchases. Factors contributing to the growth of e-commerce in Saudi
Arabia include increased internet penetration, a tech-savvy consumer base, and
the presence of numerous e-commerce platforms. This digital shift has resulted
in heightened demand for thermal paper products to facilitate the smooth and
organized delivery of products purchased online. As e-commerce continues to
expand and evolve, the thermal paper market benefits from the increasing need
for reliable and rapid printing solutions. This growth in e-commerce-related
applications has solidified the position of e-commerce as a vital driver in the
Saudi Arabian thermal paper market, demonstrating its adaptability and
relevance in the digital age.
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"Saudi Arabia Thermal Paper Market."
Saudi Arabia Thermal Paper Market is segmented into the printing technology, application, and region.
Based
on application, The
Point of Sale segment held the largest market share in 2023. The retail sector in Saudi Arabia has been experiencing
substantial growth in recent years. This growth is driven by factors such as a
strong economy, increased consumer spending, and the establishment of various
retail formats, including supermarkets, convenience stores, and shopping malls.
As the number of retail establishments expands, so does the demand for thermal
paper for printing sales receipts at POS terminals. This trend is a primary
driver for the dominance of the POS application. Saudi Arabia's economy is
diversifying, and this economic growth has led to higher levels of consumer
spending. With increased economic activity, there are more transactions occurring
at retail and hospitality establishments. This surge in economic activity
contributes to the strong demand for thermal paper in POS applications.
Efficiency in customer service is critical in the fast-paced retail
environment. Thermal paper enables quick and legible receipt printing, which
enhances the speed and effectiveness of transactions. Businesses dealing with a
large volume of customers rely on POS applications for efficient service,
making it a dominant segment in the thermal paper market. Various regulatory
requirements, such as those related to tax documentation, often mandate that
businesses provide printed receipts for transactions. The Point of Sale
application is essential for businesses to meet these regulatory requirements.
Failure to comply with such regulations can result in legal and financial
consequences, further underscoring the dominance of POS in the thermal paper
market. Modern consumers increasingly expect and prefer printed receipts for
their purchases. Printed receipts provide a tangible record of transactions and
offer a sense of security and convenience. This consumer demand plays a crucial
role in driving the need for thermal paper in the Point of Sale application.
Key
market players in the Saudi Arabia Thermal Paper Market are:-
- Avery Dennison Corporation
- Honeywell International Inc.
- UPM-Kymmene Corporation
- Ricoh Company, Ltd.
- Oji Holdings Corporation
- Appvion LLC
- Koehler Holding SE & Co. KG
- Mitsubishi Paper Mills Limited
- Hansol Paper Co., Ltd.
- Henan Province JiangHe Paper Co., Ltd.
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“The
Saudi Arabia Thermal Paper Market is anticipated to rise in the upcoming years.
The market is driven by the increasing demand for thermal paper from the retail
and hospitality sectors. Additionally, the growing use of thermal paper in ATM
receipts, credit card slips, and medical records is also contributing to the
market growth. The Saudi Arabia thermal paper market is dominated by a few
major players, such as Avery Dennison, Honeywell, and UPM. These players offer
a wide range of thermal paper products to meet the diverse needs of customers.
The Saudi Arabia thermal paper market is expected to witness significant growth
in the coming years. This growth will be driven by the increasing demand for
thermal paper from the retail, hospitality, and healthcare sectors.
Additionally, the growing use of thermal paper in ATM receipts, credit card
slips, and medical records is also expected to contribute to the market growth.
Therefore, the market is expected to boost in the upcoming years.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Saudi
Arabia Thermal Paper Market Segmented By Printing Technology (Direct Thermal,
Thermal Transfer, Others), By Application (Point of Sale, Tags & Label,
Lottery & Gaming, Ticketing, Others), By Region, and By Competition,
2019-2029,” has
evaluated the future growth potential of Saudi Arabia Thermal Paper Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Saudi Arabia Thermal Paper Market.
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