This report was recently updated on April 9 2024 with the latest and most recent
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Global Synthetic Paper Market Size, Trends, Analysis - Forecasts to 2026 By Raw Material (BOPP, HDPE), By Application (Printing, Paper Bags, Labels), By End-Use Industry (Paper, Packaging), By Region (North America, Europe, Asia Pacific, MEA, CSA); End User Landscape and Company, Vendor Landscape, Market Share Analysis amp; Competitor Analysis
Synthetic Paper Market Insights
The global synthetic paper market is projected to grow at a high CAGR% during the forecast period. Increasing demand from packaging and label industry owing to its properties such as exceptional printability, predictable convertibility, and a smooth surface is expected to boost the market growth for synthetic paper. Synthetic paper is a suitable printing medium for indoor advertisements, posters, banners, and other kinds of photo printing among others. Synthetic papers offer environmental benefits such as recyclability and limited carbon dioxide emissions during the manufacturing process. Also, synthetic papers offer different functionalities in various industries including cosmetics, food and beverages, and pharmaceuticals for printing and packaging and labelling. However, fluctuating prices of crude oil and high cost as compared to conventional products are likely to hamper the market growth over the coming years.
Synthetic Paper Market Size: By Raw Material
The global synthetic paper market is segmented on the basis of raw material into BOPP, HDPE, PVC and PET among others. The BOPP segment is expected to hold the largest market share in the global synthetic paper market during the forecast period. The increasing demand for frozen food, packaging and labelling, business cards, calendar, book covers, newspaper, maps, and garments, among others are driving the demand for BOPP synthetic paper. BOPP can be environment friendly and low in toxicity compared to other raw materials.
Synthetic Paper Market Size: By Application
On the basis of application, the global synthetic paper market is segmented into printing, paper bags, and labels. The printing segment is expected to hold the largest market share in the global synthetic paper market during the forecast period. The synthetic paper has lower static surface which prevents double feeding and eases the printing process and makes them suitable for various printers for several printing applications. The growing branding and advertisement activities in retail sectors is driving the market for printing segment.
Synthetic Paper Market Size: By End Use Industry
On the basis of end use, the market is segmented into paper, and packaging among others. The others segment includes pharmaceuticals, cosmetics, food and beverages, and horticulture. The packaging segment is expected to hold the largest market share in the global synthetic paper market during the forecast period. Synthetic paper is used for packaging of various materials which includes food and non-food items. The growing usage for packaging of raw material bags, bags of salt, shopping bags, BOPP card bags, flower sleeves, wrapping paper, foods packaging, and hotel bathroom articles packaging, among others is driving the demand for packaging segment.
Synthetic Paper Market Size: By Region
On the basis of region, the market of Synthetic Paper is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The Asia Pacific region is expected to dominate the market and is also estimated to expand at a rapid pace during the forecast period. Increasing population and urbanization in the region are the primary factors expected to drive the market growth for synthetic paper market in the region. Growth in cost per package, sustainability, and the improving consumer lifestyle in emerging economies such as China and India is also driving the market growth. Cheap labor and easy availability of raw materials is also expected to boost the market growth in the region.
Synthetic Paper Market Share & Competitor Analysis
Some of the major prominent players in the market include: Yupo Corporation (Japan), Arjobex SAS (France), American Profol Inc. (US), PPG Industries, Inc. (US), Seiko Epson Corporation (Japan), Cosmo Films Ltd. (India), Neenah Inc. (US), Toyobo Co. Ltd. (Japan), Agfa-Gevaert Group (Belgium), Transilwrap Company, Inc. (US), MDV-Papier-und Kunststoffveredelung GmbH (Germany), Hop Industries Corporation (US), Relyco Sales, Inc. (US), and Hwaseung Industries Co., Ltd. (South Korea) among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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 strong hold on printer market.
In June 2019, Yupo Corporation developed its new synthetic paper which is manufactured from biodegradable plastic resin, which is used for label applications. The YUPO Green Synthetic paper is made from the sugarcane bagasse which is the substitute of conventional crude oil based paper.
Check the Press Release on Global Synthetic Paper Market Report
Synthetic Paper Market: By Raw Material
Synthetic Paper Market: By Application
Synthetic Paper Market: By End-Use Industry
Synthetic Paper Market: By Region
The global Synthetic Paper Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Synthetic Paper Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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