Synthetic Paper Market by Raw Material (BOPP, HDPE), Application (Printing, Paper Bags, Labels), End-use Industry (Paper, Packaging), and Region (APAC, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2025
The global synthetic paper market is projected to register a CAGR of 9.2% between 2020 and 2025, in terms of value.
The global global synthetic paper market size is projected to grow from USD 526 million in 2020 to USD 819 million by 2025, at a CAGR of 9.2% between 2020 and 2025. Eco-friendly synthetic paper and wide application areas of synthetic paper are driving the market. However, limited plastics material available for synthetic paper is expected to restrain this market. Increasing concerns of pulp paper for environment pollution is expected to offer significant growth opportunities to the synthetic paper manufacturers. A major challenge faced by the players in this market is the cost of synthetic paper being higher than pulp paper.
The BOPP segment is expected to grow at the highest CAGR during the forecast period in the synthetic paper market.
The BOPP raw material is the largest and fastest-growing segment. BOPP can be environment friendly and low in toxicity which makes these synthetic paper to be used for packaging of food items and beverages. The increasing demand for frozen food, packaging and labeling, business cards, calendar, book covers, newspaper, maps, garments, and among others have triggered the demand for BOPP synthetic paper.
The printing segment is expected to be the fastest-growing application during the forecast period in the synthetic paper market
As the synthetic paper has properties such as durable, tear resistance, water resistance, scratch resistant and abrasion resistant has made it an important substrate against the conventional paper. Synthetic paper have lower static surface which prevents double feeding and eases the printing process which makes them suitable with various printers for several printing applications. These printing applications includes menus, personalized marketing material, point of purchase displays, wrist bands, cards/envelops, tickets/passes, labels for various end use industries and among others.
The paper segment is expected to be the fastest-growing end-use industry during the forecast period in the synthetic paper market
Synthetic paper offers enhanced properties which outperforms the properties of pulp paper which includes 100% recyclable, moisture resistant, tear resistant and UV resistant and durable. The use of synthetic paper is comparatively more in paper industry than in any other sector. Increase in the demand for durable tear resistant and excellent weathering properties of the outdoor advertising substrate has triggered the demand of this industry.
APAC is expected to be the largest synthetic paper market during the forecast period.
APAC was the largest market for synthetic paper in 2019. The large market size in the region is attributed to the growth of the paper and packaging industry. Additionally, growing awareness and the extraordinary properties of the synthetic paper are expected to increase the overall market penetration.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the synthetic paper market, and information was gathered from secondary research to determine and verify the market size of several segments.
By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
By Designation: C Level – 20%, D Level – 30%, and Others – 50%
By Region: North America – 20%, APAC – 40%, Europe – 20%, South America- 10%, and the Middle East & Africa – 10%
The key companies profiled in the synthetic paper market report include PPG Industries, Inc. (US), Seiko Epson Corporation (Japan), Agfa-Gevaert Group (Belgium), Yupo Corporation (Japan), Arjobex SAS (France), American Profol Inc. (US), Hop Industries Corporation (US), Relyco Sales, Inc. (US), Transilwrap Company, Inc. (US), MDV-Papier-und Kunststoffveredelung GmbH (Germany), Cosmo Films Ltd. (India), Neenah Inc. (US), Toyobo Co. Ltd. (Japan), Hwaseung Industries Co., Ltd. (South Korea), Innovia Films (UK), Nan Ya Plastics Corporation (Taiwan), Valeron Strength Films (US), Aluminium Feron GmbH & Co. KG (Germany), Huanyuan Plastics Film Co., Ltd. (China), Tamerica Products Inc. (US), Ruian Rifo Packaging Material Co., Ltd. (China), Kaveri Metallising & Coating Industries Pvt. Ltd. (India), Shijiazhuang Dadao Packaging Materials Co., Ltd. (China), Elastin International Corporation (Taiwan), Masterpiece Graphix (US).
This report provides detailed segmentation of the synthetic paper market based on raw material, application, end-use industry, and region. The raw material segment is divided into BOPP, HDPE, and others. Based on the application, the market is segmented into printing, paper bags, and labels. Based on end-use industry, the synthetic paper market has been segmented into paper, packaging, and others. Based on the region, the market has been segmented into North America, Europe, APAC, the Middle East & Africa, and South America.
Key Benefits of Buying the Report
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share ranking of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the synthetic paper market; high growth regions; and market drivers, restraints, opportunities, and challenges.
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