The most recent study conducted by Report Ocean, titled “Global BPA Free Thermal Paper Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the BPA Free Thermal Paper. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global BPA Free Thermal Paper Market is valued approximately USD $ million in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. The BPA-free receipt paper refers to thermal paper manufactured using alternative color developers that do not contain the BPA chemical. Bisphenol A (BPA) is a synthetic chemical utilized as a color developer in thermal paper. BPA is considered potentially dangerous and affects the brain, behavior, and prostate glands of children and fetuses. The growing expansion of food and beverages sector and increasing awareness towards health effects of BPA as well as favorable initiatives from public and private authorities are factors that are accelerating the global market demand.
Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw5849
According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
For instance, according to Statista – as of 2022 revenue of worldwide food and drink segment is estimated at USD 740 million, and the revenue is projected to show a CAGR of 9.11% between 2022 and 2026 to reach to USD 1050 million by end of 2026. Furthermore, favorable initiatives from public and private authorities would influence the growth of BPA-free Thermal Paper market. For instance, in April 2019, Federal Council of Switzerland announced ban on use of bisphenol S (BPS) and bisphenol A (BPA) in thermal paper. The use of these chemicals in thermal paper would be limited at a concentration equal to or greater than 0.02% by weight. Companies would need to comply by 1 June 2020.
Moreover, in January 2021, Avery Dennison launched its new range of recycled thermal paper named rDT. This new range is BPA free and FSC Certified. Also, increasing inclination towards ecofriendly packaging solutions and rising expansion of pharmaceuticals and healthcare sector are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high cost associated with BPA free thermal paper impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global BPA Free Thermal Paper Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the stringent regulations towards use of BPA and presence of leading packaging developers in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of the end-use segments, increasing awareness towards ill effects of BPA chemicals, would create lucrative growth prospects for the global BPA Free Thermal Paper Market across the Asia Pacific region.
Major market players included in this report are:
Tele-Paper (M) Sdn. Bhd.
Appvion Incorporated
Siam Paper Public Company Limited
Nippon Paper Industries Co., Ltd.
Download Free Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw5849
Papierfabrik August Koehler
Oji Holdings Corporation
Mitsubishi Paper Mills Limited
Nakagawa Manufacturing (USA), Inc.
Kanzan Spezialpapiere Gmbh
UPM Raflatac, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Grade
Bleached
Unbleached
By Thickness
Less than 30 GSM
30-50 GSM
More than 50 GSM
By Printing Technology
Thermal Printing
Digital Printing
Direct Thermal Transfer
To Get More Business Strategies For Request Sample Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw5849
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
Request Full Report – https://reportocean.com/industry-verticals/sample-request?report_id=bw5849
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1888 212 3539 (US – TOLL FREE)
Website:https://reportocean.com