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The global synthetic paper market was worth $1.06 billion in 2022, and it is expected to increase to $1.66 billion by 2030, a 6.6% CAGR between 2023 and 2030.
Customer demand for recyclable and recyclable packaging is expected to drive rapid market growth. Synthetic paper is manufactured using petroleum-based synthetic polymers. The material outperforms regular paper because of its increased heat sealing, printability, and long lifespan, as well as its resilience to ripping, chemicals, moisture, and grease. Packaging, food and beverage production, consumer products, transportation, and the pharmaceutical industry all make substantial use of it. In the future years, synthetic paper is expected to replace vinyl due to rising environmental concern, making the United States one of the leading markets for synthetic. It is projected that the product's marketability will increase as a result of digital printing. Government officials instituted lockdown regulations when a global pandemic broke out. As a result, retail sales were impacted in a variety of ways, and logistics and transportation were halted indefinitely. This resulted in a temporary drop in demand for synthetic paper in 2020.
Indoor posters, banners, and other graphic prints benefit greatly from being published on synthetic paper. The unique coating of the synthetic paper gives the image a vibrant, eye-catching appearance. Chemicals, grease, bending, and heat don't affect synthetic paper, and it prints well. Thermoforming products made from this material can then be used to create non-toxic food packaging and other office supplies like holders and covers. Variability in crude oil prices is predicted to have an effect on the revenue and profit margin of market participants that rely on crude oil as a key raw material for petrochemical production. Over the forecast period, demand for petrochemicals and polymers is expected to rise due to factors including rising automobile consumption, expanding facilities, and the growth of the pharmaceutical and healthcare sectors.
To increase their market share in the paper business, the leading firms are investing heavily in R&D to lower the cost of producing synthetic paper. Governments in many countries are also searching for ways to reduce trash and increase recycling as part of an overall push to make their economies more sustainable. In the future, this development will likely increase the need for synthetic paper.
Product-Based Analyses
The BOPP product category was the market leader in 2022, accounting for 57.4% of total global sales. From 2023 to 2030, it is expected to rise at a CAGR of 5.6% thanks to the increased durability offered by the substance, which makes them perfect for packaging easily-spoilable foods such snacks, fast foods, vegetables, fruits, and sweets. BOPP is widely used in the packaging industry, and its qualities make it ideal for storing and transporting a wide variety of products, including chemicals, textiles, cosmetics, and food and beverages. There is expected to be a substantial increase in demand for BOPP films in Asia Pacific over the forecasted period as a result of the expansion of the relevant sectors in developing nations like China and India. More than a 6.2% annual growth rate is predicted for HDPE-based synthetic papers between 2023 and 2030; these papers are typically used for packaging powder, cheese, frozen food, or electrical components. The papers are acid-proof, abrasion-proof, and scratch-proof in addition to being moisture- and temperature-resistant.
Due to its low price and numerous applications, HDPE is anticipated to grow in demand over the forecast period, especially in emerging markets like Brazil, China, India, and Russia. HDPE films are used as release liners, interleaving sheets, foam-in-place liners, and box liners due to their great releasing property without silicone coating.
Evaluation Through Use
In 2022, non-labelling applications accounted for about 60% of global revenue, driving the market. Synthetic paper's outstanding durability and tensile strength to support heavy objects makes it a great option for non-labeling applications like packaging. The material's great resilience to moisture and extreme heat also bodes well for its future growth in the packaging industry. More and more businesses are realizing the benefits of using fine print on synthetic materials printed with ink and adhesives. Synthetic sheets simplify printing over packaging since they are so straightforward to print on. They are also scratch and stain resistant, making them a more practical choice for packaging fragile items.
Drivers
Increased Interest in Eco-Friendly Packaging
Sustainable alternatives to tree-based paper can be found in synthetic paper. The expansion of the synthetic paper market may be attributed to the rising need for eco-friendly packaging solutions, which has led to the product's widespread adoption in the packaging, labeling, and printing sectors.
Restraints
Exorbitant Price Tag
Due to the high cost of raw materials and the complex manufacturing process required to create synthetic paper, its price may be significantly higher than that of conventional paper. Synthetic paper's higher price could prevent it from being used in low-margin markets or applications.
Report Coverage
Global Synthetic Paper research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Synthetic Paper report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Synthetic Paper competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Synthetic Paper market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Synthetic Paper market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Synthetic Paper market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Yupo Corporation, PPG Industries, Inc., Arjobex SAS, Agfa-Gevaert Group, Hop Industries Corporation, American Profol Inc., Taghleef Industries Group, Nan Ya Plastics Corporation, Neenah Inc., Transilwrap Company, Inc., Relyco Sales, Inc., Cosmo Films Ltd., DuPont de Nemours, Inc., Mitsubishi Polyester Film GmbH, Seiko Epson Corporation, Glatfelter Corporation, Polyplex Corporation Limited, HOPAX Fine Paper Co., Ltd., Stora Enso Oyj, Hydrosol GmbH & Co. KG
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Synthetic Paper market based on the below-mentioned segments:
Global Synthetic Paper Market, By Type
BOPP
HDPE
PET
Others
Global Synthetic Paper market, By Application
Label
Non-Label
Global Synthetic Paper market, Regional Analysis
Customer demand for recyclable and recyclable packaging is expected to drive rapid market growth. Synthetic paper is manufactured using petroleum-based synthetic polymers. The material outperforms regular paper because of its increased heat sealing, printability, and long lifespan, as well as its resilience to ripping, chemicals, moisture, and grease. Packaging, food and beverage production, consumer products, transportation, and the pharmaceutical industry all make substantial use of it. In the future years, synthetic paper is expected to replace vinyl due to rising environmental concern, making the United States one of the leading markets for synthetic. It is projected that the product's marketability will increase as a result of digital printing. Government officials instituted lockdown regulations when a global pandemic broke out. As a result, retail sales were impacted in a variety of ways, and logistics and transportation were halted indefinitely. This resulted in a temporary drop in demand for synthetic paper in 2020.
Indoor posters, banners, and other graphic prints benefit greatly from being published on synthetic paper. The unique coating of the synthetic paper gives the image a vibrant, eye-catching appearance. Chemicals, grease, bending, and heat don't affect synthetic paper, and it prints well. Thermoforming products made from this material can then be used to create non-toxic food packaging and other office supplies like holders and covers. Variability in crude oil prices is predicted to have an effect on the revenue and profit margin of market participants that rely on crude oil as a key raw material for petrochemical production. Over the forecast period, demand for petrochemicals and polymers is expected to rise due to factors including rising automobile consumption, expanding facilities, and the growth of the pharmaceutical and healthcare sectors.
To increase their market share in the paper business, the leading firms are investing heavily in R&D to lower the cost of producing synthetic paper. Governments in many countries are also searching for ways to reduce trash and increase recycling as part of an overall push to make their economies more sustainable. In the future, this development will likely increase the need for synthetic paper.
Product-Based Analyses
The BOPP product category was the market leader in 2022, accounting for 57.4% of total global sales. From 2023 to 2030, it is expected to rise at a CAGR of 5.6% thanks to the increased durability offered by the substance, which makes them perfect for packaging easily-spoilable foods such snacks, fast foods, vegetables, fruits, and sweets. BOPP is widely used in the packaging industry, and its qualities make it ideal for storing and transporting a wide variety of products, including chemicals, textiles, cosmetics, and food and beverages. There is expected to be a substantial increase in demand for BOPP films in Asia Pacific over the forecasted period as a result of the expansion of the relevant sectors in developing nations like China and India. More than a 6.2% annual growth rate is predicted for HDPE-based synthetic papers between 2023 and 2030; these papers are typically used for packaging powder, cheese, frozen food, or electrical components. The papers are acid-proof, abrasion-proof, and scratch-proof in addition to being moisture- and temperature-resistant.
Due to its low price and numerous applications, HDPE is anticipated to grow in demand over the forecast period, especially in emerging markets like Brazil, China, India, and Russia. HDPE films are used as release liners, interleaving sheets, foam-in-place liners, and box liners due to their great releasing property without silicone coating.
Evaluation Through Use
In 2022, non-labelling applications accounted for about 60% of global revenue, driving the market. Synthetic paper's outstanding durability and tensile strength to support heavy objects makes it a great option for non-labeling applications like packaging. The material's great resilience to moisture and extreme heat also bodes well for its future growth in the packaging industry. More and more businesses are realizing the benefits of using fine print on synthetic materials printed with ink and adhesives. Synthetic sheets simplify printing over packaging since they are so straightforward to print on. They are also scratch and stain resistant, making them a more practical choice for packaging fragile items.
Drivers
Increased Interest in Eco-Friendly Packaging
Sustainable alternatives to tree-based paper can be found in synthetic paper. The expansion of the synthetic paper market may be attributed to the rising need for eco-friendly packaging solutions, which has led to the product's widespread adoption in the packaging, labeling, and printing sectors.
Restraints
Exorbitant Price Tag
Due to the high cost of raw materials and the complex manufacturing process required to create synthetic paper, its price may be significantly higher than that of conventional paper. Synthetic paper's higher price could prevent it from being used in low-margin markets or applications.
Report Coverage
Global Synthetic Paper research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Synthetic Paper report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Synthetic Paper competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Synthetic Paper market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Yupo Corporation, PPG Industries, Inc., Arjobex SAS, Agfa-Gevaert Group, Hop Industries Corporation, American Profol Inc., Taghleef Industries Group, Nan Ya Plastics Corporation, Neenah Inc., Transilwrap Company, Inc., Relyco Sales, Inc., Cosmo Films Ltd., DuPont de Nemours, Inc., Mitsubishi Polyester Film GmbH, Seiko Epson Corporation, Glatfelter Corporation, Polyplex Corporation Limited, HOPAX Fine Paper Co., Ltd., Stora Enso Oyj, Hydrosol GmbH & Co. KG |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Synthetic Paper Market from 2021 to 2030.
- Market Forecast for Synthetic Paper Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Synthetic Paper competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Synthetic Paper
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Synthetic Paper market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Synthetic Paper market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Yupo Corporation, PPG Industries, Inc., Arjobex SAS, Agfa-Gevaert Group, Hop Industries Corporation, American Profol Inc., Taghleef Industries Group, Nan Ya Plastics Corporation, Neenah Inc., Transilwrap Company, Inc., Relyco Sales, Inc., Cosmo Films Ltd., DuPont de Nemours, Inc., Mitsubishi Polyester Film GmbH, Seiko Epson Corporation, Glatfelter Corporation, Polyplex Corporation Limited, HOPAX Fine Paper Co., Ltd., Stora Enso Oyj, Hydrosol GmbH & Co. KG
Primary Target Market
- Market Players of Synthetic Paper
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Synthetic Paper market based on the below-mentioned segments:
Global Synthetic Paper Market, By Type
BOPP
HDPE
PET
Others
Global Synthetic Paper market, By Application
Label
Non-Label
Global Synthetic Paper market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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