Global Synthetic Paper Market

Market Insights

The Global Synthetic Paper Market was estimated at USD 752 Million in 2021 and is likely to grow at a CAGR of 9.23% from 2022-2028 to reach USD 1405.14 Million in 2028.

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What is synthetic paper?

Synthetic paper is a suitable printing material for indoor advertisements, posters, banners, and other kinds of photo printing. The unique layer of coating on the paper makes the content more colorful and attractive as well as exhibits resistance against chemicals, grease, folding, and heat. This, in turn, increases its application in the development of products for food packaging and other industries.

Drivers

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The prime factor that is contributing to the demand for synthetic paper is mainly its increasing application for printing and paper bags, which in turn, is driving the growth of the market.

Key Players

Some of the major global synthetic paper manufacturers are-

• PPG Industries
• American Profol
• Nan Ya Plastics Corporation
• Agfa-Gevaert Group
• Yupo Corporation
• Arjobex SAS
• Toyobo Co., Ltd.

Segment Analysis

By Raw Material Type

The market is segmented as BOPP (biaxially-oriented polypropylene), HDPE (high-density polyethylene), and others. BOPP product segment held more than 55% of share in 2021. The wide use of BOPP papers in packaging and labeling, business cards, calendars, book covers, newspapers, maps, and garments is propelling the growth of this segment during the forecast period.

By Application Type

The market is segmented as label and non-label. The non-labeling application segment held more than 57.5% of share in 2021. The increasing application of synthetic paper in the label industry, due to its remarkable properties, such as exceptional printability, predictable convertibility, and a smooth surface for improved production is expected to drive the market during the forecast period.

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 By End-Use Industry Type

The market is segmented into packaging and paper. The paper industry segment dominates the market, as synthetic paper outperforms the properties of pulp paper, such as 100% recyclability, moisture resistance, tear resistance, UV resistance, and durability.

By Region

Asia Pacific held more than 35% of the market share in 2021 for synthetic papers during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as paper, packaging, food & beverages, cosmetics, pharmaceuticals, chemicals, and manufacturing, which is generating huge demand for synthetic papers and the presence of a large number of synthetic paper manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The global market is segmented into the following categories. 

By Raw Material Type:

• BOPP 
• HDPE 
• Others

 By Application Type:

• Label 
• Non-Label 

By End-Use Industry Type:

• Packaging 
• Paper 

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
• We conducted more than 10 detailed primary interviews with companies across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the raw material types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.