Synthetic Paper Market by Type (Biaxially Oriented Polypropylene (BOPP), High Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), and Others), Application (Label, Non-Label), End Use Industry (Industrial, Institutional, Commercial/Retail), and
Description
Synthetic Paper Market by Type (Biaxially Oriented Polypropylene (BOPP), High Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), and Others), Application (Label, Non-Label), End Use Industry (Industrial, Institutional, Commercial/Retail), and Region 2023-2028
The global synthetic paper market size reached US$ 932.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,481.4 Million by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028. The rising product demand in the food and beverage (F&B) industry, increasing consumer awareness regarding product benefits, and introduction of sustainable manufacturing process represent some of the key factors driving the market.
Synthetic paper refers to a white and opaque appearance product used for printing, packaging, and labeling. It is derived from various petroleum-based raw materials, such as biaxially oriented polypropylene (BOPP), high-density polyethylene (HDPE), polyethylene terephthalate (PET), polyamide, polystyrene (PS), and polyvinyl chloride (PVC). Synthetic paper is manufactured using biaxial stretching film, surface coating, and surface treatment methods. It is widely used in printing identification cards, restaurant menus, passports, charts, books, maps, mark sheets, banners, and various tags. Synthetic paper is a highly durable material that offers dimensional stability, ease of printing, and excellent tensile and tear strength. It is also similar in appearance and touch to regular paper and provides resistance to water, oil, grease, and chemicals. As a result, synthetic paper finds extensive applications across the food and beverage (F&B), cosmetics, healthcare, chemical, and packaging industries.
Synthetic Paper Market Trends:
The rising product demand in the F&B industry is one of the primary factors driving the market growth. Synthetic paper is widely used in the packaging, labeling, and wrapping of various food products, such as sandwiches, burgers, hot dogs, snacks, frozen products, and ready-to-eat (RTE) meals, as it is highly durable and resistant to water, oil, and tear. Furthermore, increasing consumer awareness regarding various product benefits, as it is an inorganic material that is easy to recycle, minimizes waste, and reduces the emission of toxic gases, is providing an impetus to the market growth. Apart from this, rising product adoption in the healthcare and pharmaceutical industries for producing medical labels, patient’s wristbands, prescriptions, over-the-counter labels, and tags for nurseries, medical equipment, blood bags, and vials, due to its ability to provide protection against tampering and withstanding cryofreezing and sterilization processes, is propelling the market growth. Additionally, the introduction of eco-friendly synthetic paper that is manufactured using sustainable processes and recycled raw materials, such as HDPE, which, in turn, reduces wastage, and preserve water resources, is positively influencing the market growth. Other factors, including rising product utilization in advertising applications, implementation of stringent regulations by several governments to promote the use of recycled and reusable papers, and increasing environmental concerns regarding the use of pulp paper, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global synthetic paper market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on type, application, and end use industry.
Type Insights:
Biaxially Oriented Polypropylene (BOPP)
High Density Polyethylene (HDPE)
Polyethylene Terephthalate (PET)
Others
The report has also provided a detailed breakup and analysis of the synthetic paper market based on the type. This includes biaxially oriented polypropylene (BOPP), high density polyethylene (HDPE), polyethylene terephthalate (PET), and others. According to the report, BOPP represented the largest segment.
Application Insights:
Label
Hand Tags
Medical Tags
Others
Non-Label
Packaging
Documents
Others
A detailed breakup and analysis of the synthetic paper market based on the application has been provided in the report. This includes label (hand tags, medical tags, and others) and non-label (packaging, documents, and others). According to the report, non-label accounted for the largest market share.
End Use Industry Insights:
Industrial
Institutional
Commercial/Retail
A detailed breakup and analysis of the synthetic paper market based on the end use industry has been provided in the report. This includes industrial, institutional, and commercial/retail. According to the report, industrial accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for synthetic paper. Some of the factors driving the Asia Pacific synthetic paper market include high economic growth rate, rapid industrialization, increasing product demand from various end users, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global synthetic paper market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Agfa-Gevaert N.V., Aluminium Féron GmbH & Co. KG, Arjobex SAS, Cosmo First Limited, HOP Industries Corporation, MDV Papier- und Kunststoffveredelung GmbH, Nan Ya Plastics Corporation, PPG Industries Inc., RELYCO, Seiko Epson Corporation, Toyobo Co. Ltd., Transcendia Inc., Yupo Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global synthetic paper market performed so far and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global synthetic paper market?
What are the key regional markets?
Which countries represent the most attractive synthetic paper markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What is the competitive structure of the global synthetic paper market?
Who are the key players/companies in the global synthetic paper market?
The global synthetic paper market size reached US$ 932.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,481.4 Million by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028. The rising product demand in the food and beverage (F&B) industry, increasing consumer awareness regarding product benefits, and introduction of sustainable manufacturing process represent some of the key factors driving the market.
Synthetic paper refers to a white and opaque appearance product used for printing, packaging, and labeling. It is derived from various petroleum-based raw materials, such as biaxially oriented polypropylene (BOPP), high-density polyethylene (HDPE), polyethylene terephthalate (PET), polyamide, polystyrene (PS), and polyvinyl chloride (PVC). Synthetic paper is manufactured using biaxial stretching film, surface coating, and surface treatment methods. It is widely used in printing identification cards, restaurant menus, passports, charts, books, maps, mark sheets, banners, and various tags. Synthetic paper is a highly durable material that offers dimensional stability, ease of printing, and excellent tensile and tear strength. It is also similar in appearance and touch to regular paper and provides resistance to water, oil, grease, and chemicals. As a result, synthetic paper finds extensive applications across the food and beverage (F&B), cosmetics, healthcare, chemical, and packaging industries.
Synthetic Paper Market Trends:
The rising product demand in the F&B industry is one of the primary factors driving the market growth. Synthetic paper is widely used in the packaging, labeling, and wrapping of various food products, such as sandwiches, burgers, hot dogs, snacks, frozen products, and ready-to-eat (RTE) meals, as it is highly durable and resistant to water, oil, and tear. Furthermore, increasing consumer awareness regarding various product benefits, as it is an inorganic material that is easy to recycle, minimizes waste, and reduces the emission of toxic gases, is providing an impetus to the market growth. Apart from this, rising product adoption in the healthcare and pharmaceutical industries for producing medical labels, patient’s wristbands, prescriptions, over-the-counter labels, and tags for nurseries, medical equipment, blood bags, and vials, due to its ability to provide protection against tampering and withstanding cryofreezing and sterilization processes, is propelling the market growth. Additionally, the introduction of eco-friendly synthetic paper that is manufactured using sustainable processes and recycled raw materials, such as HDPE, which, in turn, reduces wastage, and preserve water resources, is positively influencing the market growth. Other factors, including rising product utilization in advertising applications, implementation of stringent regulations by several governments to promote the use of recycled and reusable papers, and increasing environmental concerns regarding the use of pulp paper, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global synthetic paper market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on type, application, and end use industry.
Type Insights:
Biaxially Oriented Polypropylene (BOPP)
High Density Polyethylene (HDPE)
Polyethylene Terephthalate (PET)
Others
The report has also provided a detailed breakup and analysis of the synthetic paper market based on the type. This includes biaxially oriented polypropylene (BOPP), high density polyethylene (HDPE), polyethylene terephthalate (PET), and others. According to the report, BOPP represented the largest segment.
Application Insights:
Label
Hand Tags
Medical Tags
Others
Non-Label
Packaging
Documents
Others
A detailed breakup and analysis of the synthetic paper market based on the application has been provided in the report. This includes label (hand tags, medical tags, and others) and non-label (packaging, documents, and others). According to the report, non-label accounted for the largest market share.
End Use Industry Insights:
Industrial
Institutional
Commercial/Retail
A detailed breakup and analysis of the synthetic paper market based on the end use industry has been provided in the report. This includes industrial, institutional, and commercial/retail. According to the report, industrial accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for synthetic paper. Some of the factors driving the Asia Pacific synthetic paper market include high economic growth rate, rapid industrialization, increasing product demand from various end users, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global synthetic paper market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Agfa-Gevaert N.V., Aluminium Féron GmbH & Co. KG, Arjobex SAS, Cosmo First Limited, HOP Industries Corporation, MDV Papier- und Kunststoffveredelung GmbH, Nan Ya Plastics Corporation, PPG Industries Inc., RELYCO, Seiko Epson Corporation, Toyobo Co. Ltd., Transcendia Inc., Yupo Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global synthetic paper market performed so far and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global synthetic paper market?
What are the key regional markets?
Which countries represent the most attractive synthetic paper markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What is the competitive structure of the global synthetic paper market?
Who are the key players/companies in the global synthetic paper market?
Table of Contents
143 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Synthetic Paper Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Type
- 6.1 Biaxially Oriented Polypropylene (BOPP)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 High Density Polyethylene (HDPE)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Polyethylene Terephthalate (PET)
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 7 Market Breakup by Application
- 7.1 Label
- 7.1.1 Market Trends
- 7.1.2 Key Segments
- 7.1.2.1 Hand Tags
- 7.1.2.2 Medical Tags
- 7.1.2.3 Others
- 7.1.3 Market Forecast
- 7.2 Non-Label
- 7.2.1 Market Trends
- 7.2.2 Key Segment
- 7.2.2.1 Packaging
- 7.2.2.2 Documents
- 7.2.2.3 Others
- 7.2.3 Market Forecast
- 8 Market Breakup by End Use Industry
- 8.1 Industrial
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Institutional
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Commercial/Retail
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
- 10 Drivers, Restraints, and Opportunities
- 10.1 Overview
- 10.2 Drivers
- 10.3 Restraints
- 10.4 Opportunities
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Agfa-Gevaert N.V.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Aluminium Féron GmbH & Co. KG
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Arjobex SAS
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Cosmo First Limited
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 HOP Industries Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 MDV Papier- und Kunststoffveredelung GmbH
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Nan Ya Plastics Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 PPG Industries Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 RELYCO
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Seiko Epson Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Toyobo Co. Ltd.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Transcendia Inc.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.13 Yupo Corporation
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
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