What are the application trends of 2024 thermal label paper?

Thermal label paper is a special type of paper that can form text and images on paper after being heated by a thermal print head. The application trends of thermal label paper in 2024 can be analyzed from the following aspects:

1、 Market size and growth trend

Global market size: According to data released by authoritative institutions, the estimated global thermal paper market size in 2023 is $4.16 billion, and it is expected to grow to $5.56 billion by 2030, with a compound annual growth rate (CAGR) of 4.3%. Among them, thermal label paper, as an important branch of thermal paper, will continue to grow in market size.

Market size in China: The thermal paper market in China is continuously expanding and is expected to reach 10 billion yuan by 2025. With the rapid development of e-commerce and logistics industries, the demand for thermal label paper in the Chinese market will continue to grow.

2、 Expansion of application fields

Retail and Logistics: In the retail and logistics industry, thermal label paper is mainly used for printing product labels, price labels, goods labels, and transportation information. With the continuous development of e-commerce and the continuous growth of the logistics industry, the demand for label printing is also increasing, which has driven the market demand for thermal label paper.

Healthcare: In the healthcare field, thermal label paper is widely used for printing medical labels, prescription labels, medical record labels, and more. With the improvement of medical informatization and the increasing demand for medical labeling, the application of thermal label paper in the medical industry is also constantly expanding.

Food and Beverage: In the food and beverage industry, thermal label paper is commonly used to print product identification, traceability codes, and production dates. With the increasing requirements for food safety and traceability, the demand for label printing is also growing, thereby promoting the demand for thermal label paper in the market.

Office and Home: In addition to commercial applications, thermal label paper is also widely used in office and home settings for printing receipts, labels, notes, and more. With the increasing demand for convenience and efficiency, the application of thermal label paper in office and home is also gradually increasing.

3、 Technological innovation and product upgrading

Environmentally friendly thermal label paper: With the increasing global awareness of environmental protection, more and more companies are beginning to develop and produce environmentally friendly thermal label paper products to meet the market's demand for green and environmentally friendly office methods.

High performance thermal label paper: In order to improve printing efficiency and user experience, thermal label paper manufacturers continue to launch high-performance products, such as waterproof, oil resistant, and scratch resistant three proof thermal label paper, as well as long-lasting thermal label paper with chemical substances in the coating that have long stability and can store printed content for a long time.

Customized services: In order to meet the diverse needs of different users, thermal label paper manufacturers also provide customized services, which can customize label paper of different specifications, sizes, and colors according to customer needs.

4、 Market opportunities and challenges

Market opportunity: With the increasing demand for label printing in various industries, the thermal label paper market is expected to further expand. Especially with the rise of e-commerce and the rapid development of the logistics industry, the demand for thermal label paper in the fields of labeling and packaging will further increase.

Market challenges: Factors such as intensified market competition and fluctuations in raw material prices may have an impact on thermal label paper production enterprises. In addition, with the advancement of technology and the diversification of consumer demands, enterprises need to constantly innovate and upgrade their products to meet market demand.

In summary, the application trend of thermal label paper in 2024 will present the characteristics of sustained market growth, continuous expansion of application fields, accelerated technological innovation and product upgrading, and coexistence of market opportunities and challenges.