The Worldwide Synthetic Paper Industry is Expected to Reach $1.2 Billion by 2027

DUBLIN, April 28, 2022 /PRNewswire/ -- The "Synthetic Paper Market by Raw Material (BOPP, HDPE, PET, and PVC), Application (Printing, Labels & Tags, Packaging), End-use Industry (Industrial, Institutional, and Commercial/Retail) and Geography - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global synthetic paper market size is estimated at USD 766 million in 2021 and is projected to reach USD 1,286 million by 2027, at a CAGR of 9.2%, between 2022 and 2027.

Growth in the synthetic paper market can primarily be attributed to the growing involvement of synthetic paper in the industries such as pharmaceuticals, transportation and food & beverage among others.

Synthetic paper is manufactured with synthetic resins derived from petroleum (primary material). Resin selection plays a major role in the attributes exhibited by different synthetic papers. It is preferred over conventional paper due to its excellent chemical, tear, oil, and moisture resistance, printability, heat sealability, durability, and high strength. Synthetic paper is usually made up of BOPP, HDPE, and others (polystyrene, polyamide, polyethylene, and polyvinyl chloride) and are used by various end-use industries, such as food & beverages, cosmetics, transportation, pharmaceuticals, chemical, and advertising.

BOPP is the largest raw material segment of the synthetic paper market

Based on raw materials, the synthetic paper market includes BOPP, HDPE, PET, and PVC. The BOPP raw material segment led the application segment of the market in terms of both value and volume. BOPP is extensively used in applications that require heat stabilities, water and fatigue resistance, high tensile strength, and ease of printing. Due to the ability to be manufactured into a thin transparent substrate, BOPP can be used for labels and printing applications. BOPP can be environmentally friendly and low in toxicity, making this synthetic paper used to pack food items and beverages.

Printing is the largest application segment of the synthetic paper market

Based on applications, the synthetic paper market is divides into printing, labels & tags, packaging, and others. Printing is the largest application of synthetic paper. It has micropores on the surface, enabling better affinity for ink holding and providing a high-quality finish. Its properties such as durability, tear resistance, water resistance, scratch resistance, and abrasion resistance make it an important substrate against conventional papers. The synthetic paper has a lower static surface, which prevents double feeding and eases the printing process, making synthetic papers suitable with various printers for several printing applications. These printing applications include menus, personalized marketing materials, point of purchase displays, wrist bands, cards/envelopes, tickets/passes, and labels for various end-use industries.

Industrial is the largest end-use industry segment of the synthetic paper market

Based on end-use industry, the synthetic paper market is divides into industrial, institutional, and commercial/retail. The industrial end-use industry segment is the largest end-user of synthetic paper. Synthetic paper is used in industrial product identification tags, Industrial labels. Outdoor applications for synthetic paper include billboards, horticulture ID tags, and bus shelter displays. It is resistant to moisture and chemicals and maintains print color consistency in the face of UV exposure and various weather conditions. Furthermore, the non-tearable paper has superior strength and excellent printability with various printing techniques.

Asia Pacific is the largest market for synthetic paper market

The Asia Pacific region is projected to be the largest market, in terms of value. Asia Pacific is expected to grow at a CAGR of 9.4% during the forecast period. The growth of Asia-Pacific region can be attributed to the high economic growth rate and various eating habits, packaging & printing preferences of people across different countries of the region. Also, the multiplying population of the region presents a huge customer base for fast-moving consumer goods (FMCG) products and packaged food & beverages, which is expected to lead to the growth of the synthetic paper market during the forecast period.

Asia Pacific is the largest and the most promising synthetic paper market and is expected to continue during the forecast period. Rising population, growth in disposable income, rapid industrialization, and increased urbanization are driving the synthetic paper market in Asia Pacific. The market in the region is mainly driven by various end-use industries, such as foods & beverages, cosmetics, pharmaceuticals, chemicals, and manufacturings.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in Synthetic Paper Market
4.2 Synthetic Paper Market, by Region
4.3 Synthetic Paper Market in Asia-Pacific, 2020
4.4 Synthetic Paper Market: Global Snapshot

5 Market Overview
5.1 Overview
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Synthetic Papers Are Eco-Friendly and Possess Ideal Physical Properties
5.2.1.2 Synthetic Papers Have Wide Areas of Application
5.2.2 Restraints
5.2.2.1 Fluctuation in the Price of Raw Materials and Crude Oil
5.2.3 Opportunities
5.2.3.1 Stringent Government Regulations and Increasing Concerns About Pulp Paper for Environmental Pollution
5.2.4 Challenges
5.2.4.1 Exorbitant Prices of Synthetic Papers
5.3 COVID-19 Economic Assessment
5.4 COVID-19 Impact on Synthetic Paper Market
5.4.1 Introduction
5.4.2 Impact on Paper and Packaging Industry
5.4.3 Impact of COVID-19 on Various Countries

6 Industry Trends
6.1 Value Chain
6.2 Porter's Five Forces Analysis
6.2.1 Threat of New Entrants
6.2.2 Threat of Substitutes
6.2.3 Bargaining Power of Suppliers
6.2.4 Bargaining Power of Buyers
6.2.5 Intensity of Competitive Rivalry
6.3 V4 Mandates
6.3.1 Yc & Ycc Shift
6.3.1.1 Revenue Shift & New Revenue Pockets for Synthetic Paper Manufacturers
6.3.2 Trade Analysis
6.3.3 Ecosystem
6.3.4 Pricing Analysis
6.3.5 Technology Analysis
6.3.5.1 Cosmo Films Upgraded Synthetic Paper to Revolutionize Industry
6.3.6 Case Study Analysis
6.3.6.1 In-Depth Optical Analysis
6.3.7 Regulatory Analysis
6.4 Key Conferences & Events in 2022
6.5 Regulatory Landscape
6.5.1 Regulatory Bodies, Government Agencies, and Other Organizations
6.6 Synthetic Paper Patent Analysis
6.6.1 Introduction
6.6.2 Methodology
6.6.3 Document Type
6.6.4 Insight
6.6.5 Legal Status of Patents
6.6.6 Top Companies/Applicants

7 Synthetic Paper Market, by Raw Material
7.1 Introduction
7.2 Bopp
7.2.1 Demand from Packaging and Labeling to Boost Bopp Segment
7.3 Hdpe
7.3.1 Ability to Bond with Substrates and Tamper-Evident Properties is Driving Demand for Hdpe Segment
7.4 Pet
7.5 Pvc

8 Synthetic Paper Market, by Application
8.1 Introduction
8.2 Printing
8.2.1 Excellent Physical Properties of Synthetic Papers to Boost Printing Segment of Synthetic Paper Market
8.3 Packaging
8.3.1 Synthetic Paper Being An Eco-Friendly Substitute of Cellulose-Based Paper to Boost Market
8.4 Labels & Tags
8.4.1 Extensive Usage of Labels in Various Industries to Boost Labels & Tags Segment
8.5 Others

9 Synthetic Paper Market, by End-Use Industry
9.1 Introduction
9.2 Industrial
9.2.1 Optimum Chemical and Physical Properties to Boost Industrial Segment
9.3 Institutional
9.3.1 Ideal Properties of Synthetic Paper to Boost Institutional Segment of Synthetic Market
9.4 Commercial/Retail
9.4.1 Ease in Printability to Boost Commercial/Retail Segment in Synthetic Paper Market

10 Synthetic Paper Market: Regional Analysis

11 Competitive Landscape
11.1 Overview
11.2 Key Player Strategies/Right to Win
11.3 Market Ranking
11.3.1 Ppg Industries Inc.
11.3.2 Seiko Epson Corporation
11.3.3 Agfa-Gevaert Corporation
11.3.4 Yupo Corporation
11.3.5 Arjobex Sas
11.4 Revenue Analysis of Top Market Players
11.5 Market Share Analysis
11.6 Company Evaluation Quadrant
11.6.1 Stars
11.6.2 Pervasive
11.6.3 Emerging Leaders
11.6.4 Participants
11.7 Competitive Benchmarking
11.8 Competitive Leadership Mapping of Smes (Small and Medium-Sized Enterprises)
11.8.1 Progressive Companies
11.8.2 Responsive Companies
11.8.3 Starting Blocks
11.8.4 Dynamic Companies
11.9 Competitive Scenario and Trends
11.9.1 Deals
11.9.2 Others

12 Company Profiles
12.1 Key Companies
12.1.1 Ppg Industries, Inc.
12.1.2 Seiko Epson Corporation
12.1.3 Agfa-Gevaert Group
12.1.4 Yupo Corporation
12.1.5 Arjobex Sas
12.1.6 American Profol Inc.
12.1.7 Hop Industries Corporation
12.1.8 Relyco Sales, Inc.
12.1.9 Transilwrap Company, Inc.
12.1.10 Mdv Papier-Und Kunststoffveredelung Gmbh
12.2 Other Players
12.2.1 Cosmo Films Ltd.
12.2.2 Neenah Inc.
12.2.3 Toyobo Co. Ltd.
12.2.4 Hwaseung Industries Co. Ltd.
12.2.5 Innovia Flims
12.2.6 Nan Ya Plastics Corporation
12.2.7 Valeron Strength Films
12.2.8 Aluminium Feron GmbH & Co. Kg
12.2.9 Huanyuan Plastic Film Co. Ltd.
12.2.10 Tamerica Products Inc.
12.2.11 Ruian Rifo Packaging Material Co. Ltd.
12.2.12 Kaveri Metallising & Coating Industries Pvt. Ltd.
12.2.13 Shijiazhuang Dadao Packaging Materials Co.Ltd.
12.2.14 Elastin International Corp.
12.2.15 Masterpiece Graphix

13 Appendix

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