Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 72.10 Million

Market Size (2029)

USD 122.07 Million

CAGR (2024-2029)

9.01%

Fastest Growing Segment

Tags & Label

Largest Market

Northern & Central Region


Market Overview

Saudi Arabia Thermal Paper Market was valued at USD 72.10 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 9.01% through 2029. The thermal paper market is a specialized segment of the paper industry that revolves around the production, distribution, and use of a particular type of paper designed for thermal printing. This unique paper is coated with a heat-sensitive layer, and when subjected to heat from thermal printers, it undergoes a chemical reaction that results in the formation of text, images, or other content on the paper without the need for ink or ribbons.

This market caters to various industries and applications where efficient and fast printing is required, such as retail, hospitality, healthcare, logistics, and more. Thermal paper is widely used for producing receipts, labels, barcodes, tickets, and various other forms of documentation in point-of-sale (POS) systems, labeling machines, fax machines, and portable printers.

The thermal paper market also faces challenges related to environmental sustainability, as it has historically used coatings containing bisphenol A (BPA), which is a subject of environmental and health concerns. In response, there is a growing emphasis on producing eco-friendly and BPA-free thermal paper products to meet modern environmental standards and consumer preferences. This dynamic market is influenced by factors such as technological advancements, regulatory compliance, environmental awareness, and competition, making it a continually evolving and pivotal component of the broader printing and paper industry.

Key Market Drivers

Retail Industry Growth

The retail sector in Saudi Arabia has been experiencing significant growth in recent years, driven by a robust economy and increased consumer spending. As the number of retail establishments, including supermarkets, convenience stores, and shopping malls, continues to expand, so does the demand for point-of-sale (POS) systems and receipt printing. Thermal paper is an integral component of the retail ecosystem, as it is used to print transaction receipts, price tags, and labels. This growth in the retail sector directly correlates with the surge in demand for thermal paper in the country.

E-commerce Advancements

The rise of e-commerce in Saudi Arabia has been nothing short of remarkable. Factors such as improved internet penetration, a tech-savvy consumer base, and the availability of numerous online shopping platforms have fueled this growth. As e-commerce businesses strive for efficiency in logistics and order tracking, they increasingly rely on thermal labels and shipping receipts printed on thermal paper. The convenience of using thermal paper for order fulfillment and tracking has made it an essential component of the e-commerce industry's operations.

Government Initiatives and Economic Diversification

Saudi Arabia's Vision 2030 initiative, designed to diversify the nation's economy and reduce its dependence on oil, has led to the rapid expansion of various businesses, including those in the service sector. This expansion has increased the use of thermal paper for various purposes, such as printing invoices, documentation, and transaction records. Government-led economic diversification initiatives have indirectly contributed to the demand for thermal paper products in the country.

Hospitality and Entertainment Industry Growth

The Kingdom of Saudi Arabia has made significant strides in its tourism and entertainment sectors. With the development of attractions like NEOM and the expansion of the tourism industry, there is a growing need for thermal paper for printing entry tickets, event receipts, visitor passes, and more. The hospitality and entertainment industries rely on thermal paper for efficient ticketing and customer service, further driving the demand for thermal paper products.

Regulatory Compliance Requirements

Various industries in Saudi Arabia, such as healthcare and food services, are subject to stringent regulatory compliance requirements. These regulations often necessitate the use of thermal paper for printing receipts, labels, and patient records. To meet these specific industry standards and comply with local regulations, businesses in these sectors are increasingly adopting thermal paper solutions. This demand is consistent and adds to the stability of the thermal paper market.

Environmental Awareness and Sustainability

Environmental concerns have gained prominence globally, including in Saudi Arabia. Businesses and consumers are increasingly conscious of the environmental impact of their choices. In response, there has been a growing demand for eco-friendly thermal paper options that are BPA-free and recyclable. Manufacturers have begun producing environmentally conscious thermal paper products to meet this demand, and businesses that prioritize sustainability are adopting these eco-friendly options. This environmental awareness is changing the landscape of the thermal paper market in the Kingdom.

The thermal paper market in Saudi Arabia is being driven by several key factors, including the growth of the retail and e-commerce sectors, government-led initiatives, expansion in the hospitality and entertainment industries, regulatory compliance requirements, and the increasing demand for environmentally friendly thermal paper options. These drivers collectively contribute to the growth and diversification of the thermal paper market in the Kingdom of Saudi Arabia.



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Government Policies are likely to Enhance the Market in the Upcoming Years.

Import and Export Regulations

Saudi Arabia maintains stringent import and export regulations that significantly affect the thermal paper market. These regulations are in place to ensure that all thermal paper products entering or leaving the country meet specific quality and safety standards.

Imports of thermal paper must comply with strict customs and quality control measures. Importers are required to provide documentation that verifies the source, quality, and safety of the thermal paper products they are bringing into the country. Failure to meet these requirements can result in delays or even rejection at customs.

For exports, manufacturers of thermal paper in Saudi Arabia must adhere to the same quality and safety standards to ensure that their products are accepted in international markets. These regulations are in place to protect consumers, maintain product quality standards, and promote fair trade practices in the thermal paper market.

Regulatory Compliance for Thermal Paper

The Saudi Arabian government has implemented comprehensive regulatory compliance standards specifically designed for the thermal paper industry. These standards cover various aspects of thermal paper, including chemical composition, labeling requirements, and adherence to environmental and health standards.

For instance, thermal paper must be free from harmful chemicals, such as bisphenol A (BPA), which can have adverse health effects. Manufacturers are required to disclose the composition of their thermal paper products and ensure they meet the government's safety criteria.

Labeling requirements are also strictly enforced to provide consumers with essential information about thermal paper products. This includes details about product composition, safe handling instructions, and environmental impact disclosures.

These regulations serve the dual purpose of protecting consumers from potentially harmful products and ensuring that thermal paper maintains high-quality standards within the Saudi market.

Environmental Sustainability Initiatives

In alignment with the broader goals of Vision 2030, Saudi Arabia's ambitious plan for economic and social transformation, the government is increasingly emphasizing environmental sustainability within the thermal paper industry.

To support this, the government has launched initiatives that encourage businesses in the thermal paper sector to adopt more sustainable practices. This includes reducing the environmental impact of their products, such as using eco-friendly thermal paper that is BPA-free and recyclable.

Businesses that make a conscious effort to reduce their environmental footprint are often rewarded with incentives and benefits, which can include financial support or preferential treatment in government procurement contracts.

By promoting sustainability in the thermal paper market, the government aims to not only reduce the industry's ecological footprint but also align with global environmental goals and meet the growing consumer demand for eco-friendly products.

Industry Licensing and Registration

Businesses operating within the thermal paper market in Saudi Arabia are required to obtain the necessary licenses and registrations. These are essential to operate legally within the industry and ensure that businesses meet specific criteria.

The licensing process is a meticulous one, with government agencies rigorously evaluating the applicant's compliance with safety, quality, and environmental standards. This stringent approach is designed to maintain high product quality and safety within the thermal paper market.

Businesses that successfully obtain the required licenses demonstrate their commitment to adhering to government-mandated regulations, further contributing to the sector's overall integrity and safety standards.

Economic Diversification and Incentives

As part of Vision 2030, Saudi Arabia's economic diversification initiative, the government provides incentives and support to businesses in the thermal paper sector. These incentives aim to stimulate innovation, technological advancement, and overall growth within the industry. The goal is to reduce the country's dependence on oil revenues and diversify the economy.

These incentives may include financial support, tax benefits, access to research and development grants, and other forms of assistance. By offering these incentives, the government encourages businesses to invest in technology and innovation, ultimately leading to an expanded and diversified thermal paper market.

International Trade Agreements

Saudi Arabia is a participant in several international trade agreements, and these agreements significantly impact the thermal paper market. Trade agreements affect various aspects of the market, including trade practices, tariffs, and trade relations with other countries.

Government policies related to international trade can influence the availability and cost of thermal paper products in the market. For businesses involved in the thermal paper industry, understanding and navigating these policies are essential for engaging in international trade and ensuring market competitiveness.

The thermal paper market in Saudi Arabia is subject to a comprehensive regulatory framework set by the government. These regulations encompass import and export controls, regulatory compliance for thermal paper, environmental sustainability initiatives, industry licensing and registration, economic diversification incentives, and international trade agreements. These policies collectively aim to maintain high-quality standards, protect consumers, and foster the growth and sustainability of the thermal paper market in the Kingdom of Saudi Arabia.

Key Market Challenges

Environmental Concerns and Sustainability

Environmental concerns and sustainability have become paramount in today's global markets, and the thermal paper industry in Saudi Arabia is no exception. One of the key challenges faced by this market is the need to adapt to more eco-friendly practices and products while still meeting the demands of consumers, businesses, and regulatory bodies.

Thermal paper, which relies on a heat-sensitive coating to produce prints, traditionally contains bisphenol A (BPA), a chemical that has raised environmental and health concerns. BPA can be harmful if it enters the environment and can have potential health effects, making it a subject of increasing scrutiny and regulation globally.

To address this challenge, the Saudi Arabian thermal paper market is gradually transitioning towards producing BPA-free thermal paper, which is considered safer for both human health and the environment. However, developing BPA-free thermal paper requires adjustments in the manufacturing process and the use of alternative chemicals. This transition can be challenging for manufacturers, as it often entails research and development costs, process changes, and adaptation to new materials. It can also impact the pricing of thermal paper products, which can be a concern for cost-sensitive customers.

The issue of paper recycling and sustainability is also a challenge. Traditional thermal paper cannot be recycled due to the coating, leading to concerns about the environmental impact of large quantities of thermal paper waste. The demand for more sustainable thermal paper products that are recyclable and use eco-friendly coatings is growing. Manufacturers are under pressure to develop and promote these products, but it involves investment in new technologies and processes, which can be a financial challenge.

In this context, businesses in the thermal paper market in Saudi Arabia are grappling with the balance between eco-friendly initiatives and cost-effectiveness. The challenge lies in producing thermal paper products that meet the evolving environmental standards and sustainability expectations of customers while ensuring they remain competitive and financially viable in the market.

Competition and Global Market Dynamics

The thermal paper market in Saudi Arabia faces another significant challenge related to competition and evolving global market dynamics. This challenge is particularly pronounced due to the presence of numerous international thermal paper manufacturers and the impact of global economic conditions.

The global nature of the thermal paper market means that Saudi Arabian manufacturers and suppliers must compete with international counterparts, including established giants in the industry. These global competitors often have economies of scale, advanced technologies, and established distribution networks, which can make it challenging for local businesses to gain market share.

Global economic conditions, such as fluctuations in currency exchange rates and fluctuations in oil prices (which greatly affect the Saudi economy), can have a direct impact on the cost of raw materials, production, and pricing in the thermal paper market. These economic variables can introduce significant uncertainty into the market, making it challenging for local businesses to plan and execute long-term strategies effectively.

The increasing reliance on digital receipts and documentation poses a threat to the thermal paper market. As businesses and consumers transition to digital alternatives, the demand for thermal paper products can decrease. This shift can reduce the overall market size and increase competition among thermal paper manufacturers as they compete for a smaller share of the market.

Trade agreements and tariffs can affect the market dynamics. Changes in trade relations and tariffs between Saudi Arabia and other countries can impact the pricing and availability of thermal paper products. It can also alter the competitive landscape as businesses navigate the complexities of international trade regulations.

In response to this challenge, businesses in the Saudi Arabian thermal paper market must adapt by investing in technological advancements, improving product quality, and exploring new markets and business opportunities. They must also closely monitor global market dynamics and economic conditions to make informed decisions and remain competitive in the evolving thermal paper industry.

The thermal paper market in Saudi Arabia is confronted with significant challenges related to environmental concerns and sustainability, as well as intense competition and evolving global market dynamics. Addressing these challenges requires a careful balance between adapting to eco-friendly practices, complying with international standards, and remaining competitive in a global market characterized by economic uncertainties and evolving technologies. It necessitates strategic planning and innovation to ensure the continued growth and sustainability of the thermal paper industry in the Kingdom of Saudi Arabia.

Key Market Trends

Growing Demand for Eco-Friendly Thermal Paper:

In recent years, one prominent trend shaping the Saudi Arabia Thermal Paper Market is the escalating demand for eco-friendly thermal paper solutions. As environmental concerns continue to gain momentum globally, industries across various sectors, including retail, hospitality, healthcare, and logistics, are increasingly seeking sustainable alternatives to traditional thermal paper. This shift in consumer and corporate consciousness towards sustainability is profoundly impacting purchasing decisions and influencing regulatory standards.

Saudi Arabia, like many other countries, is witnessing a significant push towards environmentally responsible practices. As a result, businesses operating within the kingdom are actively seeking ways to reduce their carbon footprint and minimize environmental impact. In response to this growing demand, manufacturers in the Saudi Arabia Thermal Paper Market are focusing on developing thermal paper products that are free from harmful chemicals such as Bisphenol A (BPA) and Bisphenol S (BPS). These chemicals, commonly found in traditional thermal paper coatings, have raised health and environmental concerns, prompting consumers and businesses to seek safer alternatives.

Furthermore, the Saudi Arabian government's initiatives aimed at promoting sustainability and reducing waste generation are further propelling the adoption of eco-friendly thermal paper solutions. Regulations and policies promoting the use of recyclable and biodegradable materials are encouraging businesses to transition towards sustainable thermal paper products. Manufacturers are investing in research and development to innovate and introduce thermal paper coatings derived from renewable sources such as plant-based materials or recycled fibers.

The growing awareness about the environmental impact of conventional thermal paper production processes, coupled with regulatory pressures and consumer preferences, is driving the shift towards eco-friendly alternatives in the Saudi Arabia Thermal Paper Market. As sustainability continues to gain prominence, the market is expected to witness a steady increase in the adoption of environmentally responsible thermal paper solutions.

Segmental Insights

Printing Technology Insights

The Direct Thermal segment emerged as the dominant segment in 2023.  Direct Thermal printing does not require ink, toner, or ribbons, which significantly reduces operational costs. This cost-effectiveness is particularly appealing to businesses in Saudi Arabia, where cost-saving measures are often a priority. Direct Thermal printers are known for their simplicity and reliability. They have fewer moving parts and require minimal maintenance. This makes them ideal for various applications where reliability is critical, such as point-of-sale (POS) systems and logistics. Direct Thermal printing is exceptionally fast, making it suitable for high-volume applications. In a fast-paced retail environment, for instance, the ability to print receipts quickly is essential for serving customers efficiently. Direct Thermal printing produces sharp, high-contrast prints, which enhances the readability of printed content. In applications like labeling, where accurate information is crucial, this technology is preferred. As Direct Thermal printing does not rely on ink or toner cartridges, it is often perceived as an environmentally friendly option. This aligns with the growing global emphasis on sustainability and eco-conscious practices. Direct Thermal printing is versatile and can be used in various industries and applications, including retail, logistics, healthcare, and more. Its adaptability and compatibility with diverse applications make it a practical choice for many businesses in Saudi Arabia. Direct Thermal printers are user-friendly, requiring minimal training to operate effectively. This makes them accessible for a wide range of businesses, including smaller enterprises. Direct Thermal printers are known for their on-demand printing capabilities. They can print as needed without the need for pre-printed materials, which reduces waste and allows for customized printing.



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Regional Insights

Northern & Central Region held the largest market share in 2023. The dominance of the Northern & Central Region in the Saudi Arabia Thermal Paper Market can be attributed to several factors, with one key driver being the concentration of economic and industrial activity in this geographical area. The Northern & Central Region, encompassing major cities such as Riyadh, Jeddah, and Dammam, serves as the commercial and industrial hub of the Kingdom, attracting businesses from various sectors.

Riyadh, the capital city located in the central region, is home to numerous government institutions, financial organizations, and corporate headquarters. The city's status as the administrative and economic center of Saudi Arabia fuels a significant demand for thermal paper products used in printing receipts, invoices, and other transactional documents across various businesses and sectors. The Northern & Central Region houses major retail chains, shopping malls, supermarkets, and hospitality establishments, which extensively utilize thermal paper for point-of-sale (POS) terminals, self-service kiosks, and ticketing systems. The high volume of retail transactions and consumer spending in cities like Riyadh and Jeddah contributes to the robust demand for thermal paper rolls and sheets.

The industrial infrastructure and logistics networks in the Northern & Central Region support a wide range of manufacturing and distribution activities, including food and beverage, logistics, pharmaceuticals, and automotive sectors. Thermal paper is widely employed in packaging, labeling, and tracking processes within these industries, driving the demand for thermal paper products. The presence of printing and packaging companies, along with the availability of skilled labor and technical expertise, further consolidates the Northern & Central Region's position as a dominant market for thermal paper. These companies cater to the diverse printing and labeling requirements of businesses operating in sectors such as retail, healthcare, transportation, and hospitality, contributing to sustained market growth. The concentration of economic and industrial activity in the Northern & Central Region, coupled with the region's role as a commercial hub and manufacturing center, establishes a strong foundation for the dominance of this area in the Saudi Arabia Thermal Paper Market.

Recent Developments

  • In April 2022, Koehler Paper launched its latest product innovation, the Sustainable Blue4est Pro Label. Expanding its Sustainable Blue4est Thermal Paper line, Koehler Paper now offers the Blue4est Pro paper specifically designed for label applications, complementing its existing sustainable Blue4est POS.

Key Market Players

  • 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.

By Printing Technology

By Application

By Region

  • Direct Thermal
  • Thermal Transfer
  • Others
  • Point of Sale
  • Tags & Label
  • Lottery & Gaming
  • Ticketing
  • Others
  • Northern & Central Region
  • Western Region
  • Eastern Region
  • Southern Region    


Report Scope:

In this report, the Saudi Arabia Thermal Paper Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Thermal Paper Market, By Printing Technology:

o   Direct Thermal

o   Thermal Transfer

o   Others    

  • Saudi Arabia Thermal Paper Market, By Application:

o   Point of Sale

o   Tags & Label

o   Lottery & Gaming

o   Ticketing

o   Others       

  • Saudi Arabia Thermal Paper Market, By Region:

o   Northern & Central Region

o   Western Region

o   Eastern Region

o   Southern Region     

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Thermal Paper Market.

Available Customizations:

Saudi Arabia Thermal Paper Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Saudi Arabia Thermal Paper Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.         Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Voice of Customer

5.         Saudi Arabia Thermal Paper Market Overview

6.         Saudi Arabia Thermal Paper Market Outlook

6.1.    Market Size & Forecast

6.1.1.By Value

6.2.    Market Share & Forecast

6.2.1.        By Printing Technology (Direct Thermal, Thermal Transfer, Others)

6.2.2.        By Application (Point of Sale, Tags & Label, Lottery & Gaming, Ticketing, Others)

6.2.3.      By Region

6.3.     By Company (2023)

6.4.     Market Map

7.         Northern & Central Region Thermal Paper Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Printing Technology

7.2.2.By Application

8.         Western Region Thermal Paper Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Printing Technology

8.2.2.By Application

9.      Eastern Region Thermal Paper Market Outlook

9.1. Market Size & Forecast

9.1.1.     By Value

9.2. Market Share & Forecast

9.2.1.     By Printing Technology

9.2.2.     By Application

10.      Southern Region Thermal Paper Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value

10.2. Market Share & Forecast

10.2.1.     By Printing Technology

10.2.2.     By Application

11.         Market Dynamics

11.1.    Drivers

11.2.    Challenges

12.      Market Trends and Developments

13.      Company Profiles

13.1.  Avery Dennison Corporation

13.1.1.    Business Overview

 13.1.2.     Key Revenue and Financials  

 13.1.3.     Recent Developments

 13.1.4.     Key Personnel/Key Contact Person

13.1.5.    Key Product/Services Offered

13.2.  Honeywell International Inc.

13.2.1.    Business Overview

 13.2.2.     Key Revenue and Financials  

 13.2.3.     Recent Developments

 13.2.4.     Key Personnel/Key Contact Person

13.2.5.    Key Product/Services Offered

13.3.  UPM-Kymmene Corporation

13.3.1.    Business Overview

 13.3.2.     Key Revenue and Financials  

 13.3.3.     Recent Developments

 13.3.4.     Key Personnel/Key Contact Person

13.3.5.    Key Product/Services Offered

13.4.  Ricoh Company, Ltd.

13.4.1.    Business Overview

 13.4.2.     Key Revenue and Financials  

 13.4.3.     Recent Developments

 13.4.4.     Key Personnel/Key Contact Person

13.4.5.    Key Product/Services Offered

13.5.  Oji Holdings Corporation

13.5.1.    Business Overview

 13.5.2.     Key Revenue and Financials  

 13.5.3.     Recent Developments

 13.5.4.     Key Personnel/Key Contact Person

13.5.5.    Key Product/Services Offered

13.6.  Appvion LLC

13.6.1.    Business Overview

 13.6.2.     Key Revenue and Financials  

 13.6.3.     Recent Developments

 13.6.4.     Key Personnel/Key Contact Person

13.6.5.    Key Product/Services Offered

13.7.  Koehler Holding SE & Co. KG

13.7.1.    Business Overview

 13.7.2.     Key Revenue and Financials  

 13.7.3.     Recent Developments

 13.7.4.     Key Personnel/Key Contact Person

13.7.5.    Key Product/Services Offered

13.8.  Mitsubishi Paper Mills Limited

13.8.1.    Business Overview

 13.8.2.     Key Revenue and Financials  

 13.8.3.     Recent Developments

 13.8.4.     Key Personnel/Key Contact Person

13.8.5.    Key Product/Services Offered

13.9.  Hansol Paper Co., Ltd.

13.9.1.    Business Overview

 13.9.2.     Key Revenue and Financials  

 13.9.3.     Recent Developments

 13.9.4.     Key Personnel/Key Contact Person

13.9.5.    Key Product/Services Offered

13.10.   Henan Province JiangHe Paper Co., Ltd.

13.10.1. Business Overview

 13.10.2.   Key Revenue and Financials  

 13.10.3.   Recent Developments

 13.10.4.   Key Personnel/Key Contact Person

13.10.5. Key Product/Services Offered

14.      Strategic Recommendations

15.     About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Saudi Arabia Thermal Paper Market was USD 72.10 million in 2023.

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In 2023, the Direct Thermal segment established itself as the leading sector. Direct Thermal printing, renowned for its ink-, toner-, and ribbon-free operation, presents a compelling advantage by substantially lowering operational expenses.

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In 2023, Point of Sale segment dominated the market. The retail landscape in Saudi Arabia has witnessed robust growth in recent years, propelled by factors such as a thriving economy, heightened consumer expenditure, and the proliferation of diverse retail formats including supermarkets, convenience stores, and shopping complexes.

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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 the major drivers of the Saudi Arabia Thermal Paper Market.

profile

Sakshi Bajaal

Business Consultant
Press Release

Saudi Arabia Thermal Paper Market is expected to grow at a 9.01% CAGR through 2029

Apr, 2024

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 d