Global Synthetic Paper Market Size, Growth Opportunities & Forecast
Synthetic Paper Market Insights
The global synthetic paper market is expected to grow at a significant CAGR over the forecast period. This can be attributed to the factor associated with synthetic paper such as oil resistance, chemical resistance, moisture resistance and tear resistance. The industry is also expected to be influenced by increasing application of the product in the making of book covers, driving licenses, labels, banners, instruction manual and maps among others.
Along with this, the eco-friendly nature of synthetic papers is anticipated to be one of the major factors influencing market growth. Stringent government regulations for environmental protection are also likely to have a positive influence on the overall market.
However, political instability coupled with depleting crude oil resources in OPEC countries which further affects the profit margin of synthetic paper manufacturers is projected to hinder the growth of the industry.
Synthetic Paper Market: Type Insights
Based on the type, the synthetic paper market is segmented into Biaxially Oriented Poly Propylene (BOPP) and High-Density Polyethylene (HDPE) among others. The BOPP segment is expected to hold the largest share of the synthetic paper's market. The benefits associated with BOPP such as cost-effectiveness, superior moisture barrier nature and excellent strength among others are anticipated to stimulate the demand over the coming years. The rising application of BOPP in flexible packaging for confectionary, fast food, and snacks among others is likely to propel the market growth.
The market for HDPE is expected to grow at a significant CAGR over the forecast period owing to factors such as low-cost, temperature resistance, acid resistance, and non-abrasive nature. Demand for synthetic paper is anticipated to rise from countries such as China, India, Brazil, and Russia among others.
Synthetic Paper Market: Application Insights
On the basis of application, the synthetic paper market is segmented into label and non-label among others. The labels segment is anticipated to grow at a healthy CAGR owing to rising application of the product in making pressure sensitive labels, shrink labels, stack labels and wrap-around labels among others. Along with this, rising adoption of packaged foods & beverages by countries around the world is expected to propel market growth.
The non-labels segment is also projected to grow exponentially over the coming years. This can be attributed to the growing application of synthetic papers in the making of maps, charts, and banners among others.
Synthetic Paper Market: Regional Insights
The Asia Pacific market for synthetic paper is expected to grow at the highest CAGR during the forecast period. This market growth can be attributed to rising demand for synthetic paper coupled with increasing application in the food & beverages industry. The market is further expected to be driven by a growing shift towards eco-friendly products for the label and non-label application in the region. The synthetic paper market in the U.S. is driven by a rise in the use of wrap around labels in the packaging of fruit juices, functional drinks, and bottled water. Encouragement by the Government to use synthetic paper in pharmaceutical packaging is expected to generate market opportunities for companies in the U.S.
Synthetic Paper Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase synthetic papers over the coming years. Some leading consumers of synthetic labels are Kraft Foods, Mondelez International, Tyson Foods, Coca-Cola, and PepsiCo.
Synthetic Paper Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Synthetic Paper Market Share & Competitor Analysis
Some of the players operating in the global synthetic papers market include American Profol Inc., Nan Ya Plastics Corporation, Arjobex SAS, Hop Industries Corporation, PPG Industries, Inc., Relyco Sales, Inc., Yupo Corporation, Seiko Epson Corporation, Agfa-Gevaert N.V and Transilwrap Company Inc.
Please note: This is not an exhaustive list of companies profiled in the report.
In June 2018, Innovia Films, a key manufacturer of high-quality BOPP Film for food and tobacco packaging and labels announced launching a BOPP Rayoface facestock film. The film which is specifically designed for reclosable applications such as wet wipes can be printed by a wide variety of print processes including screen, offset, flexography and letterpress.
In April 2017, Cosmo Films, announced launch of a new range of BOPP which is based on universal printable synthetic paper. The product can be printed on using most printing technologies including wet and UV offset thermal transfer, screen, and other digital toner technologies.
We value your investment and offer free customization with every report to fulfil your exact research needs.
The global Synthetic Paper Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. 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 company and customer analytics.
80% of our clients seek made-to-order reports. How do you want us to tailor yours?