Global Synthetic Paper Market, By Raw Material (Biaxially Oriented Polypropylene (BOPP), High Density Polyethylene (HDPE), Others), Application (Printing, Paper Bags, Labels), End use Industry (Paper, Packaging, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Synthetic papers are widely being utilized for photo printing worldwide owing to their glossy surface coating making colors look pleasing. These papers are widely utilized to print banners, posters, and pamphlets, among others. These papers have gained high relevance as eco-friendly material.
Global Synthetic Paper Market was valued at USD 768.00 million in 2021 and is expected to reach USD 2034.47 million by 2029, registering a CAGR of 12.95% during the forecast period of 2022-2029. Biaxially Oriented Polypropylene (BOPP) accounts for the largest raw material segment in the respective market owing to high use in applications that require heat stabilities, and water and fatigue resistance, among others. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
The synthetic paper appears same as a regular paper, but their feature is similar to the plastic films. As synthetic paper has superior physical and chemical properties, they provide many and diverse benefits over the ordinary paper. The manufacture of the synthetic paper usually utilizes petroleum derivatives which contain synthetic resins like the polypropylene and polyethylene. The synthetic papers are eco-friendly, inorganic and less amount of byproducts are produced throughout its manufacturing.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Raw Material (Biaxially Oriented Polypropylene (BOPP), High Density Polyethylene (HDPE), Others), Application (Printing, Paper Bags, Labels), End use Industry (Paper, Packaging, Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, and Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific, Brazil, Argentina, and Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, and Rest of Middle East and Africa (MEA).
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Market Players Covered
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DuPont. (US), Agfa-Gevaert Group. (Belgium), PPG Industries, Inc. (US), NAN YA PLASTICS CORPORATION. (Taiwan), ARJOBEX SAS (UK), RELYCO. (US), Transcendia (US), Seiko Epson Corporation. (Japan), YUPO CORPORATION (Japan), Formosa Plastics Group (Taiwan), Granwell Products Inc (US), Folex (India), Profol GmbH (Germany), Sihl AG (Switzerland), Japan Pulp & Paper Co., Ltd. (Japan), Aluminium Féron GmbH & Co. KG (Germany), B & F Plastics, Inc. (US), Jindal Poly Films Limited (India), VALÉRON (US), Cosmo Films Ltd. (India), and TOYOBO CO., LTD. (Japan), among others
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Market Opportunities
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Synthetic Paper Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increase in demand for eco-friendly and recycled packaging
The increase in the inclination of consumers towards eco-friendly and recycled packaging acts as one of the major factors driving the growth of synthetic paper market. The high demand for synthetic resins owing to their exceptional properties offered by the material such as resistance against chemical, oil, tear, and moisture, among others drives the market further.
- Rise in use in Various Industries
The rise in the use of synthetic paper in industries, such as food and beverages, transportation, pharma goods, packaging, and consumer goods, among others accelerate the market growth. The increase in awareness regarding the use of environmentally friendly products has a positive impact on the market.
- Use in Indoor Advertisements
The use of synthetic paper as printing medium for indoor advertisements, banners, and posters, among other photo printing. These papers are known to make images more colorful and attractive.
Additionally, the surge in investments, expansion of manufacturing industries, usage in consumer goods packaging and rapid industrialization positively affect the synthetic paper market.
Opportunities
Furthermore, increase in concerns about pulp paper for environmental pollution extend profitable opportunities to the market players 2022 to 2029. Also, favorable stringent government regulations will further expand the market.
Restraints/Challenges faced by the Synthetic Paper Market
On the other hand, fluctuation in the price of raw materials and crude oil is expected to obstruct the market growth. Also, exorbitant prices of synthetic papers are projected to challenge the synthetic paper market.
This synthetic papers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the synthetic papers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 had a minimal Impact on Synthetic Paper Market
COVID-19 had a negative impact on various industries including synthetic papers market. Both public and government sectors suffered greatly due to the facing financial crises during the outbreak of COVID-19. Businesses were shut down in numerous countries because of the social distancing guidelines and the imposition of lockdown. The synthetic papers industry faced huge problems due to the shortage of laborers declining the low production. A decline in the demand for synthetic papers was witnessed owing to the limited production and shut down of industries, such as printing. However, the synthetic papers market is expected to witness growth in demand after the post-covid-19 situation.
Global Synthetic Paper Market Scope
The synthetic papers market is segmented on the basis of raw material, application and end use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Raw Material
- Biaxially Oriented Polypropylene (BOPP)
- High Density Polyethylene (HDPE)
- Others
Application
- Printing
- Paper Bags
- Labels
End use Industry
- Paper
- Packaging
- Others
Synthetic Paper Market Regional Analysis/Insights
The synthetic papers market is analyzed and market size insights and trends are provided by country, raw material, application and end use industry as referenced above.
The countries covered in the synthetic papers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific (APAC) dominates the synthetic papers market because of the increase in the price per package, sustainability, and the improvising consumer lifestyle in the developing countries. Additionally, the augmented usage of the product for labelling is projected to enhance its penetration in the growing food packaging industry which will further boost the growth of the synthetic paper market in the region during the forecast period.
Europe is expected to witness a steady rate during the forecast period of 2022 to 2029 due to the occurrence of the key manufacturers of the synthetic paper which is further anticipated to propel the demand in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Synthetic Paper Market Share Analysis
The synthetic papers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to synthetic papers market.
Some of the major players operating in the synthetic papers market are
- DuPont. (US)
- Agfa-Gevaert Group. (Belgium)
- PPG Industries, Inc. (US)
- NAN YA PLASTICS CORPORATION. (Taiwan)
- ARJOBEX SAS (UK)
- RELYCO. (US)
- Transcendia (US)
- Seiko Epson Corporation. (Japan)
- YUPO CORPORATION (Japan)
- Formosa Plastics Group (Taiwan)
- Granwell Products Inc (US)
- Folex (India)
- Profol GmbH (Germany)
- Sihl AG (Switzerland)
- Japan Pulp & Paper Co., Ltd. (Japan)
- Aluminium Féron GmbH & Co. KG (Germany)
- B & F Plastics, Inc. (US)
- Jindal Poly Films Limited (India)
- VALÉRON (US)
- Cosmo Films Ltd. (India)
- TOYOBO CO., LTD. (Japan)
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