India Thermal Paper Market (2025-2031) Outlook | Trends, Size, Growth, Industry, Value, Revenue, Forecast, Analysis, Companies & Share

India Thermal Paper Market Synopsis

The thermal paper market in India was valued at around USD 117 million in 2025, rising from an estimated value of about USD 104 million during 2025 at a CAGR of 7%. This growth can be mainly attributed to increasing demand for POS systems due to increase in digital transactions across various sectors including retail stores, hospitality outlets etc., resulting into increased usage of thermal papers used for printing receipts and labels on these machines. Additionally the availability and affordability compared to other printing technology have been some key factors driving its demand across varied applications ranging from healthcare industry bills & documents to financial banking slips among others .

Market Drivers of the market

The India thermal paper market is witnessing rapid growth due to the increasing adoption of thermal printing technology in various industries. Thermal paper offers advantages like convenience, fast printing, and cost-effectiveness, making it popular in retail, banking, hospitality, and transportation sectors. The rising demand for point-of-sale (POS) terminals and ticketing applications is a significant driver for the thermal paper market`s growth in India.

Challenges of the Market

The India thermal paper market is growing, but it faces challenges related to environmental sustainability. Thermal paper contains a chemical coating that changes color when exposed to heat, making it an ideal choice for certain applications. However, the presence of bisphenol A (BPA) in some thermal paper formulations raises concerns about its environmental impact and potential health risks. Addressing the environmental concerns associated with BPA and promoting the adoption of BPA-free thermal paper pose challenges for the market. Additionally, the increasing adoption of digital receipts and paperless transactions may pose a threat to the thermal paper market`s long-term growth.

Covid-19 Impact on the Market

The India thermal paper market encountered challenges during the COVID-19 pandemic, primarily due to the changes in consumer behavior and business practices. With a shift towards digital transactions and contactless payment methods during the pandemic, the demand for thermal paper used in receipts and tickets declined. The closure of retail and hospitality establishments further impacted the usage of thermal paper in point-of-sale systems. However, as the economy reopened and businesses adapted to the new normal, the demand for thermal paper gradually picked up. The resurgence of retail and hospitality sectors, coupled with the continuous requirement for thermal paper in healthcare and logistics industries, supported the market`s recovery.

Key Players of the Market

Some of the key players in the India thermal paper market are Koehler India Limited, Hansol Paper India Pvt. Ltd., SPM Thermo-Shield Inc., and Icon Convertors Pvt. Ltd. These companies are leading manufacturers and suppliers of thermal paper used in various industries, including retail, healthcare, and transportation.

Key Highlights of the Report:

• India Thermal Paper Market Outlook
• Market Size of India Thermal Paper Market, 2024
• Forecast of India Thermal Paper Market, 2031
• Historical Data and Forecast of India Thermal Paper Revenues & Volume for the Period 2021-2031
• India Thermal Paper Market Trend Evolution
• India Thermal Paper Market Drivers and Challenges
• India Thermal Paper Price Trends
• India Thermal Paper Porter's Five Forces
• India Thermal Paper Industry Life Cycle
• Historical Data and Forecast of India Thermal Paper Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Thermal Paper Market Revenues & Volume By Point of Sale (PoS) for the Period 2021-2031
• Historical Data and Forecast of India Thermal Paper Market Revenues & Volume By Tags & Labels for the Period 2021-2031
• Historical Data and Forecast of India Thermal Paper Market Revenues & Volume By Lottery & Gaming for the Period 2021-2031
• Historical Data and Forecast of India Thermal Paper Market Revenues & Volume By Others for the Period 2021-2031
• India Thermal Paper Import Export Trade Statistics
• Market Opportunity Assessment By Application
• India Thermal Paper Top Companies Market Share
• India Thermal Paper Competitive Benchmarking By Technical and Operational Parameters
• India Thermal Paper Company Profiles
• India Thermal Paper Key Strategic Recommendations