Global Synthetic Paper Market Share Is Likely To Reach At A CAGR Value Of Around 8.90% By 2028

07-Oct-2022 | Facts and Factors

According to Facts and Factors, the global synthetic paper market size was worth USD 729.30 million in 2021 and is estimated to grow to USD 1,216.39 million by 2028, with a compound annual growth rate (CAGR) of approximately 8.90% over the forecast period. The report analyzes the synthetic paper market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the synthetic paper market.

Synthetic paper resembles regular paper, but it possesses characteristics more akin to plastic films. Synthetic paper has numerous advantages since it has superior physical and chemical properties to ordinary paper. Synthetic paper is typically made using petroleum derivatives with synthetic resins like polypropylene and polyethylene. The synthetic papers are waste-free during production, organic, and environmentally favorable. Owing to their glossy surface coating, synthetic papers are often used for photo printing because they make colors look enticing. Printing leaflets, posters, and other things like banners on these pages is common practice. These papers have grown in significance as eco-friendly materials.

Browse the full “Synthetic Paper Market Size, Share, Growth Analysis Report By Raw Material Application (BOPP, HDPE, PET, PVC), By Application (Printing, Labels & Tags, Packaging, Others), By End-User (Industrial, Institutional, Commercial/Retail), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/synthetic-paper-market

The process of printing pictures for indoor banners, posters, and other photo printing purposes on synthetic paper is likely to drive the growth of the global synthetic paper market. These papers are known to improve the color and aesthetics of photographs. The surge in investments, expansion of manufacturing sectors, use in consumer product packaging, and speedy industrialization have a beneficial effect on the synthetic paper market. Synthetic paper is increasingly used in various industries, including those that produce food & beverages, transportation, medical products, packaging, and consumer goods. The market benefits from the growing awareness of the use of environmentally friendly products.

The global synthetic paper market is segregated based on raw materials, application, end-use industry, and region. Based on raw materials, the market is divided into BOPP, HDPE, PET, and PVC. Among these, the BOPP segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Based on application, the market is classified into printing, labels & tags, packaging, and others. In 2021, the printing category dominated the application segment in the global market. Based on end-use, the market is classified into industrial, institutional, and commercial/retail. The industrial end-use segment dominated the market in 2021.

The global synthetic paper market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The Asia Pacific is anticipated to dominate the global market for synthetic papers during the forecast period. There are several reasons behind Asia-Pacific's growth, including its high economic growth rate and different eating habits, packaging, and printing preferences. Moreover, the growing population in the region offers a large market for fast-moving consumer goods (FMCG) products and packaged food & beverages, which is expected to drive growth in the synthetic paper market. The Asia Pacific market growth is also driven by increasing population, rising disposable incomes, industrialization, and urbanization.

Report Scope

Key players in the global synthetic paper market include - PPG Industries, Inc., Seiko Epson Corporation, AGFA-Gevaert Group, YUPO Corporation, Arjobex SAS, American Profol Inc., HOP Industries Corporation, Relyco Sales, Inc., Transilwrap Company, Inc., MDV Papier-Und Kunststoffveredelung GmbH, Cosmo Films Ltd., Neenah Inc., Toyobo Co. Ltd., Hwaseung Industries Co., Ltd., Innovia Flims, NAN YA Plastics Corporation, Valeron Strength Films, Aluminium Féron GmbH & Co. Kg, Huanyuan Plastic Film Co., Ltd., Tamerica Products Inc., Ruian Rifo Packaging Material Co., Ltd., Kaveri Metallising & Coating Industries Pvt. Ltd., Shijiazhuang Dadao Packaging Materials Co.Ltd., Elastin International Corp., and Masterpiece Graphix.

Recent Development:

• September 2020: Yupo Corporation has developed "SUPERYUPO Double" (grade: FRBW) for double-sided printing using oil-based inks on paper. As a result of its innovation, "SUPERYUPO Double" retains YUPO's core characteristics, such as durability, water resistance, and printing suitability, while allowing the use of oil-based ink for paper without needing special synthetic paper ink. In the YUPO GREEN Series, the product is blended with plant-derived biomass resin, which helps reduce greenhouse gas emissions.

Synthetic Paper Market is segmented as follows:

By Raw Material Application

• BOPP
• HDPE
• PET
• PVC

By Application

• Printing
• Labels & Tags
• Packaging

By End-user

• Industrial
• Institutional
• Commercial/Retail
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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