Global Synthetic Paper Market Size By Product (BOPP, HDPE, PET & Others), By Application (Label, Non-Label), By Region, And Segment Forecasts, By Geographic Scope And Forecast To 2022 to 2032

Industry: Advanced Materials

RELEASE DATE Dec 2023
REPORT ID SI3282
PAGES 200
REPORT FORMAT PathSoft

Global Synthetic Paper Market Size Insights Forecasts to 2032

  • The Synthetic Paper Market Size was valued at USD 2.1 Billion in 2022.
  • The Market Size is Growing at a CAGR of 6.8% from 2022 to 2032
  • The Worldwide Synthetic Paper Market Size is expected to reach USD 3.6 Billion by 2032
  • Asia Pacific is expected to grow the fastest during the forecast period

Global Synthetic Paper Market

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Global Synthetic Paper Market Size is expected to reach USD 3.6 Billion by 2032, at a CAGR of 6.8% during the forecast period 2022 to 2032.

 

The use of synthetic paper in industries such as packaging, labelling, and printing has grown dramatically. The benefits of synthetic paper, including as its resistance to water, chemicals, and tearing, are being recognised by industries, making it appropriate for a wide range of applications. Synthetic paper is extremely printable, allowing for colourful, high-quality printing. This makes it appealing to businesses who want to improve the visual appeal of their products through packaging or promotional materials. Synthetic paper's lifespan is a crucial reason driving its expansion. Because of its resilience to water, chemicals, and ripping, synthetic paper papers, labels, and packaging can tolerate extreme circumstances and have a longer lifespan. Continuous technological improvements in the production of synthetic paper have resulted in higher quality and lower cost.

 

Synthetic Paper Market Value Chain Analysis

Polypropylene and polyester producers, for example, play an important role in the production of synthetic paper. The final result is influenced by the quality and qualities of these materials. These are the people that convert raw ingredients into synthetic paper. Extrusion, coating, and other specialised techniques are used in the production process to provide a substrate with the appropriate properties—durable, printable, and resistant to various factors. After the synthetic paper is manufactured, it is delivered to converters. These businesses convert the material into specialised end goods such as labels, packaging, or printed materials. They may shape the synthetic paper using printing technologies, die-cutting, or other methods as needed. Now, companies and end users can utilise synthetic paper. Synthetic paper is used for a variety of purposes in the printing, packaging, and labelling industries. Brands use its properties to create long-lasting and visually appealing products. To reach shops, synthetic paper goods travel through distribution networks. This could include wholesalers or other intermediates who ensure the products reach their destinations. Consumers benefit from the unique features of synthetic paper in their daily lives, whether it's a beautifully printed label, a robust shopping bag, or a waterproof map.

 

Synthetic Paper Market Opportunity Analysis

Because of its durability and moisture resistance, synthetic paper is widely used in the packaging sector. As e-commerce grows, so does the demand for strong and visually appealing packaging solutions. This is a huge opportunity for synthetic paper manufacturers. The labelling industry, which includes product labels and tags, is a rising market for synthetic paper. Because of its printability and resistance to wear and tear, the material is an appealing alternative for firms trying to improve the aesthetics and lifetime of their products. As companies around the world recognise the benefits of synthetic paper, there is potential for global market expansion. Companies can expand their reach and market share by exploring untapped markets and forming partnerships.

 

Global Synthetic Paper Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD 2.1 Billion
Forecast Period:2022-2032
Forecast Period 2022-2032 CAGR:6.8%
2032 Value Projection:USD 3.6 Billion
Historical Data for:2019-2021
No. of Pages:200
Tables, Charts & Figures:100
Segments covered:By Product, By Application, By Region, And Segment Forecasts, By Geographic Scope
Companies Covered: Agfa-Gevaert N.V., Arjobex SAS, Cosmo Films, Daks India Industries Pvt Ltd, Elastin International Corp., Hop Industries Corporation, HWASEUNG Industries Co.,Ltd, Kaveri Metallising & Coating Industries Pvt Ltd, MDV Papier- und Kunststoffveredelung GmbH, PPG Industries, Inc., Profol Americas, Inc., RELYCO, Seiko Epson Corporation, Toyobo Co., Ltd., Yupo Corporation, and Other key vendors,
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Market Dynamics

Synthetic Paper Market Dynamics

Increasing adoption of synthetic paper in the food and beverage industry

Because of its resilience to water and moisture, synthetic paper is a good choice for food and beverage labelling and packaging. With the tight food safety rules, utilising a material that does not easily disintegrate when in touch with liquids is a considerable advantage. Branding is extremely important in the food and beverage business. The exceptional print quality of synthetic paper enables for vivid and visually appealing labels. Synthetic paper can improve the overall presentation of food and beverage goods by displaying nutritional information, branding logos, or product information. Packaging made of synthetic paper can help to increase the shelf life of food products. The material's resistance to external forces aids in the preservation of packed items' quality and freshness. The adaptability of synthetic paper allows for creative packaging designs.

 

Restraints & Challenges

It can be more expensive to produce synthetic paper than traditional paper. While the benefits may outweigh the expenses in some cases, price sensitivity in some sectors may prevent widespread adoption. Not everyone is aware of the benefits of synthetic paper. Lack of understanding among potential end-users and industry may stymie adoption. Education and marketing activities will be critical in overcoming this obstacle. In some applications, synthetic paper competes with regular polymers. While it provides a more environmentally friendly alternative, changing old habits and getting enterprises to transition can be difficult. Although synthetic paper is frequently recyclable, the recycling infrastructure may not be as established or available everywhere.

 

Regional Forecasts

North America Market Statistics

North America is anticipated to dominate the Synthetic Paper Market from 2023 to 2032. The North American packaging industry has showed a strong hunger for synthetic paper. Its resistance to external influences and durability make it a popular choice for a variety of packaging applications, including food, drinks, and consumer goods. Sustainability and environmentally friendly solutions are highly valued in North America. Synthetic paper, which is frequently recyclable and created from non-tree-based components, fits in well with the region's environmental conscience. This has boosted attention and acceptance, particularly in areas where sustainability is important. The well-established regulatory system in North America, particularly in industries such as food and healthcare, contributes to synthetic paper acceptance. Compliance with regulatory criteria is critical, and synthetic paper firms in the region frequently do so. The diverse economy and industries of North America contribute to the wide range of applications for synthetic paper. The adaptability of synthetic paper finds applications in a wide range of industries, from retail and consumer goods to industrial and healthcare.

 

Asia Pacific Market Statistics

 

Global Synthetic Paper Market

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Asia Pacific is witnessing the fastest market growth between 2023 to 2032. Asia Pacific, noted for its rapid industrialization, has seen a growth in demand for synthetic paper across a variety of industries. As the region's economies grow, so does the demand for long-lasting and adaptable materials for packaging, labelling, and printing. The Asia Pacific packaging industry's rapid growth, driven by e-commerce, urbanisation, and changing consumer lifestyles, has spurred demand for synthetic paper. Because of its resilience to moisture and ripping, it is ideal for packaging applications in this fast-paced market. With a thriving print and labelling sector, sectors in Asia Pacific such as food and drinks, cosmetics, and medicines rely on synthetic paper for its exceptional printability and visual appeal. The material's adaptability allows it to meet the different needs of these industries.

 

Segmentation Analysis

Insights by Product

The BOPP segment accounted for the largest market share over the forecast period 2023 to 2032. BOPP synthetic paper is well-known for its printability. The smooth and constant surface of the material makes it excellent for high-quality printing applications. This has resulted in greater usage in businesses that require colourful and intricate printing, such as labels, packaging, and promotional materials. BOPP synthetic paper is extremely durable and rip-resistant. As a result, it is a popular choice for applications requiring tough and long-lasting materials, such as outdoor signage, banners, and tags. BOPP synthetic paper can resist a wide variety of temperatures, making it ideal for applications that may undergo temperature variations. This feature increases its applicability in many areas and businesses.

 

Insights by Application

The non-labelling segment accounted for the largest market share over the forecast period 2023 to 2032. Beyond labelling, synthetic paper is rapidly being employed in a variety of packaging applications. Because of its durability, moisture resistance, and printability, it is appropriate for flexible packaging, pouches, and wrappers in industries such as food, drinks, and personal care. Because of the adaptability of synthetic paper, high-quality printed promotional items can be produced. Brochures, catalogues, and marketing collateral are examples of this. The material's capacity to display colourful graphics and withstand handling advantages the non-labeling category. The creation of educational resources such as textbooks, notebooks, and teaching aids is increasing in the non-labeling market. The lifespan and visual appeal of educational resources are influenced by the durability and printability of synthetic paper.

 

Recent Market Developments

  • In May 2021, Cosmo Film has introduced a new product that is entirely constructed of opaque synthetic paper. This is designed primarily for dangler applications. This opaque synthetic paper is non-tearable and matt polished.

 

Competitive Landscape

Major players in the market

  • Agfa-Gevaert N.V.
  • Arjobex SAS
  • Cosmo Films
  • Daks India Industries Pvt Ltd
  • Elastin International Corp.
  • Hop Industries Corporation
  • HWASEUNG Industries Co.,Ltd
  • Kaveri Metallising & Coating Industries Pvt Ltd
  • MDV Papier- und Kunststoffveredelung GmbH
  • PPG Industries, Inc.
  • Profol Americas, Inc.
  • RELYCO
  • Seiko Epson Corporation
  • Toyobo Co., Ltd.
  • Yupo Corporation
  • Other key vendors

 

Market Segmentation

This study forecasts revenue at global, regional, and country levels from 2023 to 2032.

 

Synthetic Paper Market, Product Analysis

  • BOPP
  • HDPE
  • PET
  • Others

 

Synthetic Paper Market, Application Analysis

  • Label
  • Non-Label

 

Synthetic Paper Market, Regional Analysis

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa

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