Synthetic Paper Market
Synthetic Paper Market Forecasts to 2030 - Global Analysis By Product (Uncoated Synthetic Paper and Coated Synthetic Paper), Material Type (Biaxially Oriented Polypropylene (BOPP), High-Density Polyethylene (HDPE), Polystyrene (PS), High-Impact Polystyrene (HIPS) and Other Material Types), Manufacturing Process, Functionality, Application, End User and By Geography
According to Stratistics MRC, the Global Synthetic Paper Market is accounted for $1.2 billion in 2024 and is expected to reach $1.9 billion by 2030 growing at a CAGR of 7.6% during the forecast period. Synthetic paper is a durable, eco-friendly material made from synthetic polymers. It mimics the appearance and texture of traditional paper but offers superior water resistance, tear resistance, and longevity. Widely used in printing, packaging, labels, and outdoor applications, synthetic paper combines the benefits of plastic and paper, making it suitable for environments where conventional paper would quickly deteriorate.
According to the United Nations Environment Programme (UNEP), the global demand for sustainable and recyclable materials is increasing due to heightened environmental awareness and regulatory pressures.
Market Dynamics:
Driver:
Growing awareness about environmental sustainability
The growing awareness about environmental sustainability acts as a significant driver for the synthetic paper market. As consumers and businesses become more conscious of the environmental impact of their choices, there is a shift towards products that offer sustainable alternatives to traditional materials. Synthetic paper, being recyclable and often made from non-toxic resins, aligns with these eco-friendly preferences, driving its demand across various sectors.
Restraint:
Lack of awareness
Despite the benefits, a lack of awareness about synthetic paper's advantages remains a restraint. Many potential users are either unfamiliar with synthetic paper or do not fully understand its environmental benefits and applications. This gap in knowledge can hinder market growth, as consumers and businesses may continue to opt for traditional paper products out of habit or due to misconceptions about cost and performance.
Opportunity:
Increasing consumer preference for environmentally friendly products
The increasing consumer preference for environmentally friendly products presents a significant opportunity for the synthetic paper market. As the global community becomes more environmentally conscious, the demand for sustainable, durable, and recyclable materials like synthetic paper is expected to rise. This trend is particularly evident in industries such as packaging, where eco-friendly alternatives are increasingly sought after.
Threat:
Competition from alternative materials
Competition from alternative materials poses a threat to the synthetic paper market. Innovations in biodegradable and compostable materials may offer similar environmental benefits while potentially being perceived as more ""natural"" or ""eco-friendly"" than synthetic options. This competition could limit the market share of synthetic paper, especially in applications where material aesthetics and environmental perception are critical.
Covid-19 Impact:
The Covid-19 pandemic initially disrupted the synthetic paper market due to supply chain interruptions and a temporary decline in demand across several industries. However, the pandemic also accelerated the shift towards digital and contactless solutions, where synthetic paper's durability and resistance to contaminants offered unique advantages. As a result, the market is recovering, with an increased focus on hygienic, durable, and sustainable materials.
The coated synthetic paper segment is expected to be the largest during the forecast period
The coated synthetic paper segment is expected to be the largest during the forecast period. Coated synthetic paper offers enhanced printability, durability, and resistance to water, chemicals, and tear, making it ideal for high-quality printing applications, labels, and packaging. Its superior performance in demanding environments drives its adoption across various industries, contributing significantly to the market's growth.
The industrial applications segment is expected to have the highest CAGR during the forecast period
The industrial applications segment is expected to have the highest CAGR during the forecast period. This growth is attributed to the increasing use of synthetic paper for industrial tags, labels, and packaging, where its durability, resistance to chemicals, and moisture are highly valued. The expansion of manufacturing sectors and the rising demand for durable labeling solutions in harsh environments fuel this segment's growth.
Region with largest share:
The Asia Pacific region is positioned to dominate the synthetic paper market, holding the largest share. This dominance is driven by rapid industrialization, the growth of the packaging and labeling industries, and increasing environmental awareness among consumers and businesses. In Addition, countries like China, Japan, and India are leading the demand for synthetic paper due to their large manufacturing bases and growing focus on sustainability fuel this region’s growth.
Region with highest CAGR:
The Asia Pacific region also anticipates rapid growth in the synthetic paper market, with the highest CAGR during the forecast period. The region's market growth is fueled by expanding end-use industries, rising consumer awareness about sustainable products, and supportive government policies promoting environmental sustainability. The increasing adoption of synthetic paper in emerging economies, coupled with ongoing technological advancements, further accelerates this growth.
Key players in the market
Some of the key players in Synthetic Paper Market include Yupo Corporation, Nan Ya Plastics Corporation, PPG Industries, Inc., American Profol Inc., Arjobex SAS, Agfa-Gevaert N.V., Seiko Epson Corporation, Toyobo Co., Ltd., Polyplex Corporation Ltd., Relyco Sales, Inc., Cosmo Films Ltd., Neenah, Inc., Transcendia, Inc., MDV Papier- und Kunststoffveredelung GmbH, Mitsubishi Chemical Corporation, Jindal Poly Films Ltd., Innovia Films Limited, HOP Industries Corporation, Shijiazhuang Dadao Packaging Materials Co., Ltd., and Valeron Strength Films.
Key Developments:
In April 2024, Agfa, a global leader in inkjet printing solutions, will showcase its latest addition to the Anapurna printer family, the Anapurna Ciervo H3200, at the upcoming ISA International Sign Expo (Orlando, Florida – April 10 to 12). Following its successful debut at the FESPA Global Print Expo in Europe last month, this cutting-edge wide-format hybrid printer is now ready to impress North American print service providers as one of Agfa’s new ‘power beasts’.
In March 2024, Seiko Epson Corporation has expanded its lineup of inertial measurement units1 (IMU) equipped with high-performance, six degrees of freedom sensors. The new M-G370PDT (""M-G370T"" below) is a low-noise premium model that is now in volume production and began shipping in February 2024.
Products Covered:
• Uncoated Synthetic Paper
• Coated Synthetic Paper
Material Types Covered:
• Biaxially Oriented Polypropylene (BOPP)
• High-Density Polyethylene (HDPE)
• Polystyrene (PS)
• High-Impact Polystyrene (HIPS)
• Polyethylene Terephthalate (PET)
• Polyvinyl Chloride (PVC)
• Other Material Types
Manufacturing Process Covered:
• Coextruded Film
• Extruded Flat Film
• Spun-Bonded Papers
• Synthetic Pulp
• Tubular Film
Functional Properties Covered:
• Waterproof & Water Resistant
• Tear Resistant & High Durability
• Printable & Inkjet Compatible
• Flame Retardant
• Grease & Chemical Resistant
• Other Functional Properties
Applications Covered:
• Packaging Labels
• Industrial Applications
• Other Applications
End Users Covered:
• Printing & Converting Industry
• Food & Beverage Industry
• Pharmaceutical & Medical Industry
• Manufacturing Industry
• Retail & Consumer Goods Industry
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Synthetic Paper Market, By Product
5.1 Introduction
5.2 Uncoated Synthetic Paper
5.3 Coated Synthetic Paper
6 Global Synthetic Paper Market, By Material Type
6.1 Introduction
6.2 Biaxially Oriented Polypropylene (BOPP)
6.3 High-Density Polyethylene (HDPE)
6.4 Polystyrene (PS)
6.5 High-Impact Polystyrene (HIPS)
6.6 Polyethylene Terephthalate (PET)
6.7 Polyvinyl Chloride (PVC)
6.8 Other Material Types
7 Global Synthetic Paper Market, By Manufacturing Process
7.1 Introduction
7.2 Coextruded Film
7.3 Extruded Flat Film
7.4 Spun-Bonded Papers
7.5 Synthetic Pulp
7.6 Tubular Film
8 Global Synthetic Paper Market, By Functionality
8.1 Introduction
8.2 Waterproof & Water Resistant
8.3 Tear Resistant & High Durability
8.4 Printable & Inkjet Compatible
8.5 Flame Retardant
8.6 Grease & Chemical Resistant
8.7 Other Functional Properties
9 Global Synthetic Paper Market, By Application
9.1 Introduction
9.2 Packaging Labels
9.2.1 In-Mold Labels
9.2.2 Shrink Labels
9.2.3 Pressure Sensitive Labels
9.2.4 Wrap-Around Labels
9.2.5 Stack Labels
9.2.6 Bar-coded Labels
9.2.7 Laboratory Identification Labels
9.3 Industrial Applications
9.3.1 Graphic Arts
9.3.2 Maps
9.3.3 Charts
9.3.4 Menus
9.3.5 Banners
9.3.6 ID Cards
9.3.7 Paper Bags
9.3.8 Printing
9.4 Other Applications
10 Global Synthetic Paper Market, By End User
10.1 Introduction
10.2 Printing & Converting Industry
10.3 Food & Beverage Industry
10.4 Pharmaceutical & Medical Industry
10.5 Manufacturing Industry
10.6 Retail & Consumer Goods Industry
10.7 Other End Users
11 Global Synthetic Paper Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Yupo Corporation
13.2 Nan Ya Plastics Corporation
13.3 PPG Industries, Inc.
13.4 American Profol Inc.
13.5 Arjobex SAS
13.6 Agfa-Gevaert N.V.
13.7 Seiko Epson Corporation
13.8 Toyobo Co., Ltd.
13.9 Polyplex Corporation Ltd.
13.10 Relyco Sales, Inc.
13.11 Cosmo Films Ltd.
13.12 Neenah, Inc.
13.13 Transcendia, Inc.
13.14 MDV Papier- und Kunststoffveredelung GmbH
13.15 Mitsubishi Chemical Corporation
13.16 Jindal Poly Films Ltd.
13.17 Innovia Films Limited
13.18 HOP Industries Corporation
13.19 Shijiazhuang Dadao Packaging Materials Co., Ltd.
13.20 Valeron Strength Films
List of Tables
1 Global Synthetic Paper Market Outlook, By Region (2022-2030) ($MN)
2 Global Synthetic Paper Market Outlook, By Product (2022-2030) ($MN)
3 Global Synthetic Paper Market Outlook, By Uncoated Synthetic Paper (2022-2030) ($MN)
4 Global Synthetic Paper Market Outlook, By Coated Synthetic Paper (2022-2030) ($MN)
5 Global Synthetic Paper Market Outlook, By Material Type (2022-2030) ($MN)
6 Global Synthetic Paper Market Outlook, By Introduction (2022-2030) ($MN)
7 Global Synthetic Paper Market Outlook, By Biaxially Oriented Polypropylene (BOPP) (2022-2030) ($MN)
8 Global Synthetic Paper Market Outlook, By High-Density Polyethylene (HDPE) (2022-2030) ($MN)
9 Global Synthetic Paper Market Outlook, By Polystyrene (PS) (2022-2030) ($MN)
10 Global Synthetic Paper Market Outlook, By High-Impact Polystyrene (HIPS) (2022-2030) ($MN)
11 Global Synthetic Paper Market Outlook, By Polyethylene Terephthalate (PET) (2022-2030) ($MN)
12 Global Synthetic Paper Market Outlook, By Polyvinyl Chloride (PVC) (2022-2030) ($MN)
13 Global Synthetic Paper Market Outlook, By Other Material Types (2022-2030) ($MN)
14 Global Synthetic Paper Market Outlook, By Manufacturing Process (2022-2030) ($MN)
15 Global Synthetic Paper Market Outlook, By Coextruded Film (2022-2030) ($MN)
16 Global Synthetic Paper Market Outlook, By Extruded Flat Film (2022-2030) ($MN)
17 Global Synthetic Paper Market Outlook, By Spun-Bonded Papers (2022-2030) ($MN)
18 Global Synthetic Paper Market Outlook, By Synthetic Pulp (2022-2030) ($MN)
19 Global Synthetic Paper Market Outlook, By Tubular Film (2022-2030) ($MN)
20 Global Synthetic Paper Market Outlook, By Functionality (2022-2030) ($MN)
21 Global Synthetic Paper Market Outlook, By Waterproof & Water Resistant (2022-2030) ($MN)
22 Global Synthetic Paper Market Outlook, By Tear Resistant & High Durability (2022-2030) ($MN)
23 Global Synthetic Paper Market Outlook, By Printable & Inkjet Compatible (2022-2030) ($MN)
24 Global Synthetic Paper Market Outlook, By Flame Retardant (2022-2030) ($MN)
25 Global Synthetic Paper Market Outlook, By Grease & Chemical Resistant (2022-2030) ($MN)
26 Global Synthetic Paper Market Outlook, By Other Functional Properties (2022-2030) ($MN)
27 Global Synthetic Paper Market Outlook, By Application (2022-2030) ($MN)
28 Global Synthetic Paper Market Outlook, By Packaging Labels (2022-2030) ($MN)
29 Global Synthetic Paper Market Outlook, By In-Mold Labels (2022-2030) ($MN)
30 Global Synthetic Paper Market Outlook, By Shrink Labels (2022-2030) ($MN)
31 Global Synthetic Paper Market Outlook, By Pressure Sensitive Labels (2022-2030) ($MN)
32 Global Synthetic Paper Market Outlook, By Wrap-Around Labels (2022-2030) ($MN)
33 Global Synthetic Paper Market Outlook, By Stack Labels (2022-2030) ($MN)
34 Global Synthetic Paper Market Outlook, By Bar-coded Labels (2022-2030) ($MN)
35 Global Synthetic Paper Market Outlook, By Laboratory Identification Labels (2022-2030) ($MN)
36 Global Synthetic Paper Market Outlook, By Industrial Applications (2022-2030) ($MN)
37 Global Synthetic Paper Market Outlook, By Graphic Arts (2022-2030) ($MN)
38 Global Synthetic Paper Market Outlook, By Maps (2022-2030) ($MN)
39 Global Synthetic Paper Market Outlook, By Charts (2022-2030) ($MN)
40 Global Synthetic Paper Market Outlook, By Menus (2022-2030) ($MN)
41 Global Synthetic Paper Market Outlook, By Banners (2022-2030) ($MN)
42 Global Synthetic Paper Market Outlook, By ID Cards (2022-2030) ($MN)
43 Global Synthetic Paper Market Outlook, By Paper Bags (2022-2030) ($MN)
44 Global Synthetic Paper Market Outlook, By Printing (2022-2030) ($MN)
45 Global Synthetic Paper Market Outlook, By Other Applications (2022-2030) ($MN)
46 Global Synthetic Paper Market Outlook, By End User (2022-2030) ($MN)
47 Global Synthetic Paper Market Outlook, By Printing & Converting Industry (2022-2030) ($MN)
48 Global Synthetic Paper Market Outlook, By Food & Beverage Industry (2022-2030) ($MN)
49 Global Synthetic Paper Market Outlook, By Pharmaceutical & Medical Industry (2022-2030) ($MN)
50 Global Synthetic Paper Market Outlook, By Manufacturing Industry (2022-2030) ($MN)
51 Global Synthetic Paper Market Outlook, By Retail & Consumer Goods Industry (2022-2030) ($MN)
52 Global Synthetic Paper Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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