Global Synthetic Paper Market Forecasts to 2030

Overview of Global Synthetic Paper Market:

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.

This report analyzes the Synthetic Paper Market from 2022 to 2030. It uses a combination of detailed sales and revenue data with insights from industry experts. The report goes beyond just Market size and growth rate. It also dives into different Market segments, such as Region, Product, Material Type, etc. This provides a comprehensive picture of how the Market breaks down across various categories.

As COVID-19 has reshaped the world economy, our team has been keeping a careful eye on its effects on the Market. Beyond the pandemic, we take into account other important variables such as the general state of the economy, local conflicts, and news and regulations unique to the industry. This guarantees a comprehensive perspective on the Market.

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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.

Leading Industry Players in the Synthetic Paper Market worldwide:

1. Yupo Corporation
2. Nan Ya Plastics Corporation
3. PPG Industries, Inc.
4. American Profol Inc.
5. Arjobex SAS
6. Agfa-Gevaert N.V.
7. Seiko Epson Corporation
8. Toyobo Co., Ltd.
9. Polyplex Corporation Ltd.
10. Relyco Sales, Inc.
11. Cosmo Films Ltd.
12. Neenah, Inc.
13. Transcendia, Inc.
14. MDV Papier- und Kunststoffveredelung GmbH
15. Mitsubishi Chemical Corporation
16. Other Industry Players

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Global Synthetic Paper Market Segmentation

The Synthetic Paper Market segmentation encompasses various dimensions including Product, Material Type, Manufacturing Process, Functionality, Application and End User. For products, the market encompasses varied offerings, each crafted to fulfill unique performance and application needs. In Material Type, options address distinct demands, with materials tailored for durability, printability, and diverse environmental conditions. Manufacturing Process innovations enhance product quality, ensuring consistency, reliability, and adaptability across multiple synthetic paper uses. Through Functionality, products provide specialized attributes, catering to distinct tasks with performance tailored to specific requirements. In application, synthetic paper serves multiple industries, reflecting its adaptable use in varied operational settings. End user segments benefit from synthetic paper’s versatility, each utilizing its features to support unique industry standards. Geographically, the Market is segmented into major regions such as North America, Europe, Asia Pacific, South America, the Middle East and Africa, each exhibiting different Market dynamics and growth opportunities. Competitor analysis reveals the competitive landscape, with major players developing new products, strategic partnerships, mergers and acquisitions, and competing for Market share. Additional segmentation factors provide a comprehensive understanding of the elf-service Technology Market's structure and potential.

Geographic Regions Covered:

North America: United States, Canada, and Mexico.

Europe: Germany, United Kingdom, Italy, France, Spain, and Rest of Europe.

Asia Pacific: Japan, China, India, Australia, New Zealand, South Korea, and Rest of the Asia Pacific.

South America: Argentina, Brazil, Chile, and Rest of South America.

Middle East & Africa: Saudi Arabia, United Arab Emirates, Qatar, South Africa, and Rest of the Middle East & Africa.

Key Questions Answered in This Report:

• What are the primary drivers of growth in the Synthetic Paper Market?
• Which regions are projected to experience the highest growth in the Synthetic Paper Market?
• What is the anticipated Compound Annual Growth Rate (CAGR) for the Synthetic Paper Market from 2024 to 2030?
• What is the current estimated value of the global Synthetic Paper Market?
• Which segment holds the largest Market share and what are the main factors driving its growth?
• What is the size and growth rate of the Synthetic Paper Market in specific regions or Market segments?
• Who are the leading players in the Synthetic Paper Market?
• What challenges do companies face when entering the Synthetic Paper Market?
• What risks and opportunities are associated with expanding the Synthetic Paper Market?

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Table of Contents (TOC) for the Global Synthetic Paper Market Research Report (2024-2030)

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??? ?????????????????????????????????????????????????????

Continued…

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.

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