Global Synthetic Paper Market is valued at USD 762.6 Million in 2021 and expected to reach USD 1407.6 Million by 2028 with a CAGR of 9.15% over the forecast period.
Global Synthetic Paper Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2021-2028- Increasing growth of the packaging and food & beverage industry, rising use of synthetic paper in printing, and growing demand for the environmentally friendly products are some of the major factors driving the growth of the Global Synthetic Paper Market.
Synthetic paper is a material made from synthetic resin which is made to have properties like regular paper. Synthetic paper is generally made from either biaxial oriented polypropylene (BOPP) or high- density polyethylene (HDPE). The applications incorporate paper for marks and non- label paper. The synthetic paper looks like traditional wood pulp paper but it comes with some notable advantages like tear resistance, water resistance, oil resistance, chemical resistance, and high durability which make this type of paper highly applicable for various industrial applications. Synthetic papers are used for photo printing because of their glossy surface coating that makes colors look more beautiful. These papers are also used for printing banners, pamphlets, posters, etc. They are used to make paper bags because they are more environmental friendly and offer a lot of durability than traditional paper bags. They are also used for food packaging as it eliminates the use of plastic
The Covid-19 pandemic has also impacted the growth of global synthetic paper market owing to the decline in the growth of end-user industries such as; beauty care, chemical, and food and beverage industries. During pandemic, synthetic paper makers were affected because of the paper mill closure, social distance norms, and the presence of limited labor for mill activity. However, during pandemic, the sales of packaged food have expanded. The demand for packaged food items like snacks and frozen food, ready-to-cook food flooded during the lockdown.
The global synthetic paper market is segmented on the basis of the raw material, application, end-user, and region & country level. On the basis of raw materials, the global synthetic paper market is segmented into BOPP, PET, HDPE, and PVC. By application, the global synthetic paper market is segmented into printing, packaging, labels & tags, and others. By end-user, the global synthetic paper market is segmented into institutional, industrial, and commercial/retail.
The regions covered in the global synthetic paper market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. On the basis of country level, the market of global synthetic paper is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
|2018 - 2021
|2022 - 2028
|Market Size in 2021:
|USD 762.6 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 1407.6 Million
|Tables, Charts & Figures:
|Synthetic Paper Companies
|Seiko Epson Corporation, MDV-Papier-und Kunststoffveredelung GmbH, Neenah Inc., Nan Ya Plastics Corporation, Agfa-Gevaert Group, Arjobex SAS, Yupo Corporation, American Profol Inc., Hop Industries Corporation, Innovia Films, Relyco Sales, Inc., Cosmo Films Ltd., Toyobo Co. Ltd., Transilwrap Company, Inc., Hwaseung Industries Co., Ltd., and others.
|By Raw Material, By Application, By End-User
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
Some major key players for the global synthetic paper market report cover prominent players like Seiko Epson Corporation, MDV-Papier-und Kunststoffveredelung GmbH, Neenah Inc., Nan Ya Plastics Corporation, Agfa-Gevaert Group, Arjobex SAS, Yupo Corporation, American Profol Inc., Hop Industries Corporation, Innovia Films, Relyco Sales, Inc., Cosmo Films Ltd., Toyobo Co. Ltd., Transilwrap Company, Inc., Hwaseung Industries Co., Ltd., and others.
Agfa Has Launched SYNAPS Synthetic Paper Protected Against Bacteria and Viruses
On November 16th, 2021; Agfa announced the launch of its SYNAPS Xerographic Matt (XM) synthetic paper, which contains an agent that opposes the settlement and growth of bacteria and viruses on its surface. The agent remains active for the synthetic paper's entire life and protects the printed areas covered with toner ink. Its efficiency up to 99.99% had proved by independent ISO 20743 and ISO 18184 tests.
Cosmo Films Launched Non-Tearable Synthetic Paper
On May 11th, 2021; Cosmo Films introduced 100 percent opaque synthetic paper (OSP) specially designed for dangler applications. A non-tear, co-extruded, white opaque, and matte coated film that looks like paper on both sides is best suited for exterior applications where printing is done on both sides and requires 100 percent opacity.
Synthogra Launched All-Natural Brand-New Synthetic Paper from Renewable Sources
On October 7th, 2019; Synthogra launched a new synthetic paper from a completely renewable source. Content is ideal for tags, tickets, self-adhesive labels, loop labels, and more. The new PURE-DURABLE is 100% bio-based material with over 70% sugarcane-based. The remaining 30% comes from natural minerals.
Increasing Growth of the Packaging and Food & Beverage Industry, Rising Use of Synthetic Paper in Printing, and Growing Demand for the Environmentally Friendly Products are Some of the Major Factors Driving the Market Growth
One of the major factors driving the growth of the synthetic paper market is the increasing growth of the packaging and food & beverage industry. The BOPP based synthetic paper shows admirable resistance to chemicals and moisture because of which being utilized as a superior material for packaging and labelling applications. These sorts of synthetic paper are non-harmful and are utilized as a material of choice in the food and beverages packaging. The durability, waterproof and longer shelf life properties make this kind of synthetic paper the material of decision for refreshments bundling. Synthetic paper is likewise eco- friendly and is a maintainable solution for printing applications in the food and refreshments industry that has upgraded the synthetic paper market worldwide. For instance; according to the United States environmental protection agency, in 2018, the recycling rate of generated packaging and containers was 53.9 percent and the combustion of containers and packaging was 7.4 million tons.
In addition, the rising use of synthetic paper in printing is also boosting the growth of the synthetic paper market. It has micro pores on a surface, empowering better liking for ink holding and giving a high-quality completion. Its properties like strength, tear obstruction, water opposition, scratch resistance, and abrasion resistance make it a significant substrate against regular papers. The synthetic paper has a lower static surface, which avoids double feeding and eases the printing process, making synthetic papers reasonable with different printers for a few printing applications. These printing applications incorporate menus, point of purchase displays, personalized marketing materials, wrist groups, cards/envelopes, tickets/passes, and marks for different end-use ventures. For instance; in September 2020, Yupo Corporation sent off """"SUPERYUPO Double"""" grade for oil-based offset printing appropriate for double-sided printing utilizing oil-based ink for paper.
Moreover, the growing demand for environmental friendly products is another factor fostering the market growth. Environmental friendly products also reduce the waste of natural resources so that these resources can be regenerated and remain on the earth as resources for future generations making the earth or the universe more sustainable. For instance; as per the news published; on February 15th, 2019; YUPO corporation launched YUPO GREEN FEBG 300, an environmentally friendly YUPO blended with biomass resin. Traditional synthetic paper YUPO is mainly composed of petroleum-derived polypropylene resin and inorganic fillers.
However, fluctuations in raw material prices associated with synthetic paper may hamper the growth of the global synthetic paper market. In spite of that, increasing concerns about pulp paper for environmental pollution, and stringent government regulations may create more opportunities for the further growth of the market.
Asia Pacific is Expected to Capture a Major Share in the Global Synthetic Paper Market
Geographically, Asia Pacific is expected to dominate the global synthetic paper market within the forecast period due to the increasing demand from industries such as food & beverages, cosmetics, and chemicals, rapid industrialization, and presence of key companies in this region. Synthetic paper is resistant to stains, water, tearing, oily substances, and most chemical items. Furthermore, dissimilar to normal paper, synthetic paper is fit for enduring extreme heat and cold. Because of these properties synthetic paper are used in cosmetics, chemical and food & beverage industry in this region. The presence of key players also drives the market in Asia Pacific region. For instance; as per the news published; on May 12th, 2021; Cosmo Films launched an opaque synthetic paper which is specifically designed for dangler applications. It is non-tearable, co-extruded, both side matt white coated opaque film.
North America is expected to show a significant growth in the global synthetic paper market due to the increasing usage of RFID labels in the packaging of food and beverage and pharmaceutical products, rising investments in R & D, and growing demand for synthetic papers in this region.
By Raw Material
Middle East and Africa
Key Benefits of Global Synthetic Paper Market Report–
By Raw Material
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