Synthetic Paper Market 2022
PUBLISHED: 2022 ID: SMRC21390
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Synthetic Paper Market 2022

Synthetic Paper Market Forecasts to 2028 – Global Analysis By Raw Material (Biaxially Oriented Polypropylene (BOPP), High-Density Polyethylene (HDPE)), Product (Uncoated Synthetic Paper, Coated Synthetic Paper), Application (Label, Non-Label, Paper Bags) and By Geography

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4.3 (100 reviews)
Published: 2022 ID: SMRC21390

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2021)

US $629.17 MN

Projected Year Value (2028)

US $1,498.65 MN

CAGR (2021 - 2028)

13.2%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Synthetic Paper Market is accounted for $629.17 million in 2021 and is expected to reach $1,498.65 million by 2028 growing at a CAGR of 13.2% during the forecast period. Synthetic paper is organized from a synthetic resin derived from petroleum as its main material. Such paper resembles the regular paper produced from wood pulp. However, synthetic paper possess some admirable properties unlike conventional paper such as tear resistance, chemical resistance, water-proof, durable, and others which makes them ideal for various industrial applications.



Market Dynamics:

Driver:


Increasing Usage in the Packaging Industry
 

Numerous industries such as retail, food and beverages, medical, and pharmaceuticals are increasingly using it owing to its beneficial properties and usage in several applications such as printing, packaging, and labeling. The necessity of products with improved durability and longevity is boosting demand for it, instead of conventional paper. There has been an increased usage of it in the packaging industry, owing to its greater durability, strength, versatility, and functionality, compared to conventional paper. Resistance to chemicals and solvents, even at elevated temperatures offered by the synthetic paper is resulting in its increasing usage in chemical packaging and heavy-industrial applications. Some major performance properties of this type of paper such as waterproof, durability, oil resistance, chemical resistance, tear resistance, as well as superior printability are resulting in the high popularity of synthetic paper as the ideal choice of material in the packaging industry. There is an increasing need for packaging and labeling, owing to the expansion of industrial and retail sectors, which is further leading to high demand for synthetic paper.

Restraint:

High Cost


Fluctuations in prices of raw materials, owing to the rising price of crude oil and volatility in the costs of chemicals are resulting in high prices of synthetic paper. Moreover, special needs associated with synthetic paper on the press would add to additional costs. Though synthetic paper is initially expensive, in the long run, the initial cost of this paper is worth the time and cost required to laminate traditional paper products. The cost of it is more in comparison to conventional paper, which could hamper demand for the product across several end-use industries. Synthetic paper is manufactured by employing synthetic resin which is mainly derived from petroleum.

Opportunity:

Rising Needs for Labelling and Packaging in Packed Food and Beverages


The BOPP-based synthetic paper exhibits excellent resistance to moisture and chemicals as a result of which it is considered to be used as a better material for packaging and labeling applications. These types of synthetic paper are non-toxic and are used as a material of choice in the food and beverages packaging. This type of synthetic paper also possesses characteristic properties like high-quality writ-ability and printability performance that helps the companies in enabling new designs for the development of labels that can be attractive. The waterproof, durability, and longer shelf life properties make this type of synthetic paper the material of choice for beverages packaging. Synthetic paper is also eco-friendly and is a sustainable solution for printing applications in the food and beverages industry that has enhanced the synthetic paper market globally. The high mechanical strength of synthetic paper is expected to boost the synthetic paper market growth in the coming years.

Threat:

Insufficient Amount of Plastics Material


The inadequate amount of plastics material is available for synthetic paper which in turn will further obstruct the growth of the market. The price of synthetic paper is higher than pulp paper might further challenge the growth of the synthetic paper market in the near future.

Packaging segment is expected to be the largest during the forecast period

Packaging segment is expected to expand significantly over the forecast period, owing to extensive usage of synthetic paper in the packaging of textile, chemicals, food and beverages, and cosmetics and personal care products. It is also extensively utilized for a broad range of packaging applications, including shopping bags and FDA-compliant food packaging. This type of paper is all the time more being used by many multinational food packaging corporations as a substrate for linerless labels for meat trays. It has become a preferred choice among the food and beverage industry, owing to its superior durability and improved repeated usability of labels, thereby increasing shelf life of the product.

The Biaxially Oriented Polypropylene (BOPP) segment is expected to have the highest CAGR during the forecast period

A superior performance and printability property of BOPP films is resulting in its increasing usage across various end-use industries. Applications requiring water resistance, ease of printing, high tensile strength, fatigue resistance, and heat stabilities are increasingly utilizing BOPP films. This material is extremely used in applications that require heat stabilities, water resistance, high tensile strength, and easiness of printing.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, due to the rising need for efficient packaging materials in the food & beverage, chemical, pharmaceutical sectors, especially in emerging economies such as China and India. China’s emergence as a global manufacturing hub has increased the demand for synthetic paper. Increasing demand from end-use industries for paper, paper bags, and other paper products, higher awareness about ecology, and recent technological developments are major factors expected to drive market growth in this province during the forecast period. Additionally, rapid urbanization in developing countries of the region resulted in increasing demand for labeling, printing, and packaging, as well as bolstered the need for consumer goods. Innovation in the paper and packaging industry, rapid industrialization, and awareness regarding the advantages of synthetic paper are expected to increase consumption in this province.

Region with highest CAGR:

North America is projected to have the highest CAGR, Synthetic paper is widely utilized in a wide range of industries in this province such as FDA-compliant food packaging applications. Growing usage of labels in beverage packaging is expected to drive market growth in this region during the forecast period. Additionally, increasing usage of RFID labels in the packaging of food and beverage and pharmaceutical products is supporting the growing demand for synthetic paper as it is becoming an ideal solution for RFID labels.



Key players in the market:

Some of the key players profiled in the Synthetic Paper Market include Arjobex SAS, American Profol Inc., Agfa-Gevaert Group, Cosmo Films Limited, NAN Ya Plastics Corporation, Transcendia, Inc., PPG Industries Inc., Toyobo Co. Ltd., Yupo Corporation, Hop Industries Corporation, Seiko Epson Corporation, Relyco Sales, Inc., Transilwrap Company, Inc, MDV-Papier-und Kunststoffveredelung GmbH, and Neenah Inc.

Key developments:

In June 2019: Yupo Corporation announced about new synthetic paper, it is manufactured from biodegradable plastic resin, which is used for label applications. This YUPO green synthetic paper is made from sugarcane bagasse which is the substitute for conventional crude oil-based paper.

In January 2019: Agfa-Gevaert group and Fujitex Co Ltd. signed an agreement for distribution of synthetic paper under the trade name of SYNAPS. The agreement includes the distribution of SYNAPS XM products as Fujittex has a stronghold on the printer market.

In January 2022; Arjobex Synthetic Papers acquired MDV Group, MDV Group is a Germany-based niche manufacturer and coater of speciality papers, further expanding its footprint and becoming one of the leading European speciality coatings providers for paper and films in Europe.

Products Covered: 
• Uncoated Synthetic Paper           
• Coated Synthetic Paper             

Manufacturing Processes Covered:
• Tubular Film           
• Coextruded Film           
• Spun-Bonded Papers           
• Synthetic Pulp           
• Extruded Flat Film              
 
Applications Covered:
• Labels                       
• Non-Label                      
• Paper Bags           
• Printing
    
Sales Channels Covered:

• Distribution Channel           
• Direct Channel 
   
End Users Covered:

• Packaging           
• Paper           
• Transportation           
• Retail           
• Manufacturing           
• Food and Beverages           
• Pharmaceuticals           
• Cosmetics and Personal Care           
• Horticulture        
              
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 2020, 2021, 2022, 2025 and 2028
- 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
o 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 Raw Material    

 5.1 Introduction   
 5.2 Biaxially Oriented Polypropylene (BOPP)                
 5.3 High-Density Polyethylene (HDPE)               
 5.4 Polystyrene (PS)               
 5.5 Polyethylene Terephthalate (PET)               
 5.6 Polyvinyl Chloride (PVC)               
 5.7 Polyesters               
 5.8 High-Impact Polystyrene (HIPS)               
 5.9 Linear Low-Density Polyethylene (LLDPE)   
     
6 Global Synthetic Paper Market, By Product    
 6.1 Introduction   
 6.2 Uncoated Synthetic Paper               
 6.3 Coated Synthetic Paper               
     
7 Global Synthetic Paper Market, By Manufacturing Process      
 7.1 Introduction   
 7.2 Tubular Film               
 7.3 Coextruded Film               
 7.4 Spun-Bonded Papers               
 7.5 Synthetic Pulp               
 7.6 Extruded Flat Film     
     
8 Global Synthetic Paper Market, By Application    
 8.1 Introduction   
 8.2 Labels               
  8.2.1 In-Mold Labels             
  8.2.2 Shrink Labels             
  8.2.3 Pressure Sensitive Labels             
  8.2.4 Wrap-Around Labels             
  8.2.5 Stack Labels             
  8.2.6 Bar-coded Labels             
  8.2.7 Laboratory Identification Labels             
 8.3 Non-Label               
  8.3.1 Graphic Arts             
  8.3.2 Maps             
  8.3.3 Charts              
  8.3.4 Menus             
  8.3.5 Banners             
  8.3.6 ID Cards             
 8.4 Paper Bags               
 8.5 Printing     
     
9 Global Synthetic Paper Market, By Sales Channel    
 9.1 Introduction   
 9.2 Distribution Channel               
 9.3 Direct Channel       
     
10 Global Synthetic Paper Market, By End User    
 10.1 Introduction   
 10.2 Packaging               
 10.3 Paper               
 10.4 Transportation               
 10.5 Retail                
 10.6 Manufacturing               
 10.7 Food and Beverages               
 10.8 Pharmaceuticals               
 10.9 Cosmetics and Personal Care               
 10.10 Horticulture               
     
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 Agfa-Gevaert Group               
 13.2 American Profol Inc            
 13.3 Arjobex SAS               
 13.4 Cosmo Films Limited               
 13.5 Hop Industries Corporation               
 13.6 MDV-Papier-und Kunststoffveredelung GmbH               
 13.7 NAN Ya Plastics Corporation               
 13.8 Neenah Inc    
 13.9 PPG Industries Inc.               
 13.10 Relyco Sales, Inc.               
 13.11 Seiko Epson Corporation               
 13.12 Toyobo Co. Ltd.               
 13.13 Transcendia, Inc.               
 13.14 Transilwrap Company, Inc                
 13.15 Yupo Corporation               


List of Tables     
1 Global Synthetic Paper Market Outlook, By Region (2020-2028) (US $MN)     
2 Global Synthetic Paper Market Outlook, By Raw Material (2020-2028) (US $MN)     
3 Global Synthetic Paper Market Outlook, By Biaxially Oriented Polypropylene (BOPP) (2020-2028) (US $MN)     
4 Global Synthetic Paper Market Outlook, By High-Density Polyethylene (HDPE) (2020-2028) (US $MN)     
5 Global Synthetic Paper Market Outlook, By Polystyrene (PS) (2020-2028) (US $MN)     
6 Global Synthetic Paper Market Outlook, By Polyethylene Terephthalate (PET) (2020-2028) (US $MN)     
7 Global Synthetic Paper Market Outlook, By Polyvinyl Chloride (PVC) (2020-2028) (US $MN)     
8 Global Synthetic Paper Market Outlook, By Polyesters (2020-2028) (US $MN)     
9 Global Synthetic Paper Market Outlook, By High-Impact Polystyrene (HIPS) (2020-2028) (US $MN)     
10 Global Synthetic Paper Market Outlook, By Linear Low-Density Polyethylene (LLDPE) (2020-2028) (US $MN)     
11 Global Synthetic Paper Market Outlook, By Product (2020-2028) (US $MN)     
12 Global Synthetic Paper Market Outlook, By Uncoated Synthetic Paper (2020-2028) (US $MN)     
13 Global Synthetic Paper Market Outlook, By Coated Synthetic Paper (2020-2028) (US $MN)     
14 Global Synthetic Paper Market Outlook, By Manufacturing Process   (2020-2028) (US $MN)     
15 Global Synthetic Paper Market Outlook, By Tubular Film (2020-2028) (US $MN)     
16 Global Synthetic Paper Market Outlook, By Coextruded Film (2020-2028) (US $MN)     
17 Global Synthetic Paper Market Outlook, By Spun-Bonded Papers (2020-2028) (US $MN)     
18 Global Synthetic Paper Market Outlook, By Synthetic Pulp (2020-2028) (US $MN)     
19 Global Synthetic Paper Market Outlook, By Extruded Flat Film (2020-2028) (US $MN)     
20 Global Synthetic Paper Market Outlook, By Application (2020-2028) (US $MN)     
21 Global Synthetic Paper Market Outlook, By Labels (2020-2028) (US $MN)     
22 Global Synthetic Paper Market Outlook, By In-Mold Labels (2020-2028) (US $MN)     
23 Global Synthetic Paper Market Outlook, By Shrink Labels (2020-2028) (US $MN)     
24 Global Synthetic Paper Market Outlook, By Pressure Sensitive Labels (2020-2028) (US $MN)     
25 Global Synthetic Paper Market Outlook, By Wrap-Around Labels (2020-2028) (US $MN)     
26 Global Synthetic Paper Market Outlook, By Stack Labels (2020-2028) (US $MN)     
27 Global Synthetic Paper Market Outlook, By Bar-coded Labels (2020-2028) (US $MN)     
28 Global Synthetic Paper Market Outlook, By Laboratory Identification Labels (2020-2028) (US $MN)     
29 Global Synthetic Paper Market Outlook, By Non-Label (2020-2028) (US $MN)     
30 Global Synthetic Paper Market Outlook, By Graphic Arts (2020-2028) (US $MN)     
31 Global Synthetic Paper Market Outlook, By Maps (2020-2028) (US $MN)     
32 Global Synthetic Paper Market Outlook, By Charts (2020-2028) (US $MN)     
33 Global Synthetic Paper Market Outlook, By Menus (2020-2028) (US $MN)     
34 Global Synthetic Paper Market Outlook, By Banners (2020-2028) (US $MN)     
35 Global Synthetic Paper Market Outlook, By ID Cards (2020-2028) (US $MN)     
36 Global Synthetic Paper Market Outlook, By Paper Bags (2020-2028) (US $MN)     
37 Global Synthetic Paper Market Outlook, By Printing   (2020-2028) (US $MN)     
38 Global Synthetic Paper Market Outlook, By Sales Channel (2020-2028) (US $MN)     
39 Global Synthetic Paper Market Outlook, By Distribution Channel (2020-2028) (US $MN)     
40 Global Synthetic Paper Market Outlook, By Direct Channel (2020-2028) (US $MN)     
41 Global Synthetic Paper Market Outlook, By End User (2020-2028) (US $MN)     
42 Global Synthetic Paper Market Outlook, By Packaging (2020-2028) (US $MN)     
43 Global Synthetic Paper Market Outlook, By Paper (2020-2028) (US $MN)     
44 Global Synthetic Paper Market Outlook, By Transportation (2020-2028) (US $MN)     
45 Global Synthetic Paper Market Outlook, By Retail (2020-2028) (US $MN)     
46 Global Synthetic Paper Market Outlook, By Manufacturing (2020-2028) (US $MN)     
47 Global Synthetic Paper Market Outlook, By Food and Beverages (2020-2028) (US $MN)     
48 Global Synthetic Paper Market Outlook, By Pharmaceuticals (2020-2028) (US $MN)     
49 Global Synthetic Paper Market Outlook, By Cosmetics and Personal Care (2020-2028) (US $MN)     
50 Global Synthetic Paper Market Outlook, By Horticulture (2020-2028) (US $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


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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