Direct Thermal Ticket Paper Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Others

According to Precedence Research, the global direct thermal ticket paper market is expected to grow at a CAGR of over 7% during the forecast period 2020 to 2027.

Globally, revenue generated by the direct thermal ticket paper market is estimated to go over US$ 450 Mn in 2019, the growing demand for direct thermal ticket paper from casinos and the gambling industry is expected to bolster the growth of the global direct thermal ticket paper market during the forecast period.

Direct thermal ticket paper is liable to color changes when exposed to heat and light, owing to the presence of a coating pigment. Also, direct thermal ticket paper is highly durable and has high sensitivity to external adulteration. Along with point-of-sale receipts, self-adhesive tags & labels have emerged as key applications of direct thermal ticket paper. Other applications of direct thermal ticket paper are transport tickets (boarding passes, ATB/baggage tags, etc.), admission/event tickets, lottery & gaming tickets, and many more. Nowadays, BPA-free or phenol-free direct thermal ticket paper has been witnessing significant usage in ticketing applications.

In this market report, VRR proposes that, the transport ticket segment is estimated to outpace other ticket applications by the end of 2027, in the direct thermal ticket paper market. Intensifying networks of public transport in and around numerous geographies is the primary reason for the growth in the demand for direct thermal ticket paper tickets across the globe. Increasing forgeries in public transport tickets are expected to drive the growth of the direct thermal ticket paper market during the period of 2019 to 2027. For instance, over the last decade, prominent countries in Europe have witnessed an alarming rate of forgeries/counterfeiting in public transport tickets. All these factors are giving rise to the increasing demand for direct thermal ticket paper. As direct thermal ticket paper is a specialty paper with a composition that requires major effort to be reproduced, it has emerged as an ideal option for forgery-proof ticketing applications. In addition to this, the adoption of direct thermal ticket paper in transport, gaming, and admission/event applications is rising considerably, which tends to further drive the growth of the direct thermal ticket paper market, globally.

However, consumer preference for digital media over print media is likely to adversely impact the direct thermal ticket paper market. Electronic data transmission and online ticketing systems are expected to hamper the growth of the direct thermal ticket paper market over the forecast period.

Highly Fragmented Market

The direct thermal ticket paper market remains fragmented, with numerous players employing organic and inorganic growth strategies to survive in this highly competitive landscape. Acquisitions and expansion are the core strategies of market goliaths, namely, Nippon Paper Industries Co., Ltd, UPM-Kymmene Oyj, Oji Holdings Corporation, Ricoh Company, Ltd, and Koehler Paper. In contrast to this, regional players in the direct thermal ticket paper market expend in research and development activities to cater to the exact requirements of end-users, and foster product innovation.

All-in-all, the competition landscape of the direct thermal ticket paper market will continue to intensify, wherein, innovation, customization, and security will govern the revenue size of companies.

Sustainability Implications for Direct Thermal Ticket Paper

In the direct thermal ticket paper market, where the intensity of competition levels up a notch every now and then, strategies related to product launches no longer satisfy the appetite of profit-seeking manufacturers.

A significant batch of manufacturers conceal the impact of forgeries to protect their brand impression; however, this can offer a lucrative opportunity to manufacturers to move a step beyond and develop direct thermal ticket paper with a combination of advanced security features. For instance, TELE-PAPER announced the launch of direct thermal ticket paper with advanced security features, such as an invisible photocopy mark, a UV invisible mark, micro coding, a 2D/3D barcode, and a security watermark.

Expansion of manufacturing facilities is becoming synonymous to the success mantra for direct thermal ticket paper manufacturers. For instance, in 2018, UPM-Kymmene Oyj announced the inauguration of a novel slitting and distribution facility in Santiago, Chile. As stringent laws govern the switch of end-user industries to BPA-free direct thermal ticket paper, leading players such as Appvion Operations, Inc. and Koehler Paper Group have already made a shift towards the development of environmental-friendly paper, while regional players are following suit to sustain their position in the market.

A Key Driver

  • North America, Europe, and GCC Countries have seen tremendous increase in the number casinos in recent years, which has led to tremendous growth in the demand for entrance tickets, betting slips, lottery tickets, cash coupons, etc., in the direct thermal ticket paper market.
  • Direct thermal ticket paper offers features such as high durability and reliability. Also, it is suitable for pre-printing, which makes it ideal for ticketing purposes.
  • The continuous growth in gambling has led to the increased demand for direct thermal ticket paper.
  • Governments in various countries promote casino tourism in order to generate revenue, which, in turn, is escalating the growth of the direct thermal ticket paper market. For instance, North America has more than 2,300 casinos, around 500 bingo halls, and nearly 45 greyhound tracks.
  • According to the American Gaming Association, in the United States of America, consumers spent a record-setting amount of US$ 38.54 billion on gambling in 2015. This surpasses the industry’s record annual spending of 2013. All these factors are increasing the demand for direct thermal ticket paper.

BPA-free Direct Thermal Ticket Paper is the Latest Trend Being Adopted by Key Market Players

  • BPA is used as a coating, since it provides heat-resistance and stability, while providing a thermal image. Using BPA ensures that the thermal paper safely changes color when exposed to heat, without getting burnt.
  • The printing quality of direct thermal ticket paper is comparatively higher than other alternatives. Growing intolerance of BPA-coated thermal paper has created a lucrative opportunity for the use of non-phenol alternatives, and consumer industries are gradually shifting towards BPA-free direct thermal ticket paper solutions.
  • Urea-based BPA-free direct thermal ticket paper is an on-going trend in the market. Urea-based compound is both, BPA- and BPS-free. It does not trigger any hormone-altering effects. However, the cost of a urea-based compound is slightly on the higher side as compared to BPA- and BPS-coated thermal paper.

Digital Boom to Pose a Major Challenge to the Growth of the Direct Thermal Ticket Paper Market

  • In spite of the optimistic viewpoint, electronic data transmission and online ticketing systems in industries such as transport, gaming, retail, etc., have reduced paper usage for entrance tickets, boarding passes, and others, thus, restraining the growth of the direct thermal ticket paper market.
  • Key manufacturers of direct thermal ticket paper readily say that, “quality with additional security features incur higher printing costs”, which has emerged as a key challenge for the ticketing paper market over the last decade.
  • Consumers, especially in developed economies, largely prefer digital/mobile tickets due to a more secure authentication process and transparency. All these factors contribute in suppressing the market value of direct thermal ticket paper.

Prominent Regions

Asia Pacific is estimated to represent prominent growth in the direct thermal ticket paper market, owing to its organized retail sector. Also, the growing public transport network in the region is surging the growth of the direct thermal ticket paper market. In the developed regions of North America and Europe, the growing entertainment industry plays a significant factor in driving the sales of direct thermal ticket paper. This scenario has led to tremendous growth in the demand for entrance tickets, betting slips, lottery tickets, cash coupons, etc., owing to high durability and reliability, which make it ideal for ticketing purposes. The Middle East and Latin America markets are expected to represent moderate growth in the direct thermal ticket paper market in the near future.

Key manufacturers in the direct thermal ticket paper market are sharpening their competitive edges in the market to display synergies through close cooperation and collaborations in the areas of sales, marketing, and production. Manufacturers in the direct thermal ticket paper market are also expanding through organic methods such as increasing production capacity, so as to meet the growing demand.

Key Players

Key players operating in the global direct thermal ticket paper market include Nippon Paper Industries Co., Ltd., Domtar Corporation, UPM-Kymmene Oyj, AhlstromMunksjö Oyj, Oji Holdings Corporation, Ricoh Company, Ltd., Hansol Paper Co. Ltd., Koehler paper, Henan Province JiangHe Paper Co., Ltd., Sihl GmbH, Appvion Operations, Inc., Jujo Thermal Ltd., TELE-PAPER (M) SDN. BHD., Rotolificio Bergamasco Srl, and Nath Paper & Pulp Mills Ltd.

Market Segmentation

By Thickness
Up to 70 GSM
70 GSM to 90 GSM
90 GSM to 120 GSM
Above 120 GSM

By Application
Transport Tickets
Admission / Event Tickets
Lottery Tickets
Bill Tickets
Tote & Gaming Tickets
Valet Parking
Barcode Tickets
Baggage Counter Tickets
Custom Tickets
Others

By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Report Scope

The Direct thermal ticket paper market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Direct thermal ticket paper market for the base year 2020 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Direct thermal ticket paper market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Direct thermal ticket paper market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Direct thermal ticket paper market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Direct thermal ticket paper capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Direct thermal ticket paper by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Direct thermal ticket paper market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Direct thermal ticket paper market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Direct thermal ticket paper market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

For the region, type and application, the sales, revenue and their market share, growth rate are the key research objects; we can research the manufacturers' sales, price, revenue, cost and gross profit and their changes. What's more, we will display the main consumers, raw material manufacturers, distributors, etc.

Geographically, global xxx market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer.

We will provide market shares of the prominent market suppliers/companies separately for each of these geographies.

Overall, this is an in-depth research report specifically for the Direct thermal ticket paper industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Direct thermal ticket paper market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Direct thermal ticket paper market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Direct thermal ticket paper market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Direct thermal ticket paper market. These factors have benefited the growth of the global market for Direct thermal ticket paper. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Direct thermal ticket paper. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Direct thermal ticket paper are as follows:

  • History Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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