Synthetic Paper Market
Growth Factors of Synthetic Paper Market
The synthetic paper market size was valued at USD 718.2 million in 2023, and the market is now projected to grow from USD 767.5 million in 2024 to USD 1,378.9 million by 2032, exhibiting a CAGR of 7.6% during the forecast period of 2023-2030.
The distribution in the value chain across the world due to the lockdown has obstructed large-scale manufacturing. The scarcity of raw materials for products because of supply chain disruption slowed down the manufacturing function. Travel restrictions and limited import and export activities also led to reduced demand for the industry. On the other hand, the pandemic has elevated demand for PPE kits that are supported for the production of polymers. Hence, the COVID-19 pandemic has overall hindered the synthetic paper market growth.
Synthetic papers are widely in use for manufacturing labels. It is used for all sorts of products, including food & beverages containers, cartons, convenience food packets, and daily-use commodities. This increasing demand for labels is fueling the synthetic paper market share globally. These types of papers are having excellent properties, such as strength, printability, tear resistance, and resistance to chemicals, oil, and water are probably driving their demand. Furthermore, these papers offer a wide range of applications for pharmaceuticals, cosmetics, printing, labeling, and other packaging. These papers can be tough and durable and can support high-quality printing.
The growing R&D activity for the production of better paper is enhancing the market enlargement. According to the new research, it recommends the use of fillers and other polymers to increase the workability and durability of papers. The additions of these fillers reduce the tensile strength, folding strength, and low amounts of incompatible polymers help the material attain paper type properties.
Comprehensive Analysis of Synthetic Paper Market
The synthetic paper market and chemicals & advanced materials industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the advanced materials industry. These segmentations are methodically segregated by types of material and application. The material includes polypropylene, polyethylene terephthalate, and others. However, the application includes labeling and non-labelling.
The Asia Pacific region is conducive to the global synthetic paper market leading to a recall of USD 280.1 million owing to the large manufacturing base for plastic in countries such as China, India, South Korea, and Japan. Additionally, the availability of raw material and lower labor costs are the prime factors expected to drive market growth over the forecast period.
The top players in the market play a crucial role in the advanced material industry assuring industrial prospectus growth and setting market standards. These players include PPG Industries (U.S.),Yupo Corporation (Japan), DuPont (U.S.), Seiko Epson Corporation (Japan), AGFA-Gevaert N.V. Corporation (Belgium), Cosmo Films (India), American Profol Inc.(U.S.), Mobil Chemical Films Div.(U.S.), Granwell Products (U.S.), Formosa Plastics (Taiwan), HOP Industries Corp (U.S.), Toyobo Co. Ltd.(Japan), and Neenah (U.S.) these market players provide a level-playing competitive landscape.
In May 2021, Cosmo Films Ltd. launched CSPR-2 (M) O BTC which is a non-tearable and co-extruded application which has increased the company’s product offerings. It offers a 100% Opaque Synthetic Paper (OSP) that is specially created for a dangler application.
Segmentation Table
Global Synthetic Paper Market Scope
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.6% from 2024-2032
Unit Value (USD Million)
Segmentation By Material
- Polypropylene
- Polyethylene Terephthalate
- Others
- Labelling
- Non-labelling
- North America (By Material, By Application)
- U.S. (By Application)
- Canada (By Application)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe (By Application)
- China (By Application)
- Japan (By Application)
- India (By Application)
- ASEAN (By Application)
- Rest of Asia Pacific (By Application)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
- GCC (By Application)
- South Africa (By Application)
- Rest of Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 on the Market
- 5. Global Synthetic Paper Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Material
- 5.2.1. Polypropylene
- 5.2.2. Polyethylene Terephthalate
- 5.2.3. Others
- 5.3. By Application
- 5.3.1. Labelling
- 5.3.2. Non-labelling
- 5.4. By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Synthetic Paper Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Material
- 6.2.1. Polypropylene
- 6.2.2. Polyethylene Terephthalate
- 6.2.3. Others
- 6.3. By Application
- 6.3.1. Labelling
- 6.3.2. Non-labelling
- 6.4. By Country
- 6.4.1. U.S.
- 6.4.1.1. By Application
- 6.4.1.1.1. Labelling
- 6.4.1.1.2. Non-labelling
- 6.4.2. Canada
- 6.4.2.1. By Application
- 6.4.2.1.1. Labelling
- 6.4.2.1.2. Non-labelling
- 7. Europe Synthetic Paper Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Material
- 7.2.1. Polypropylene
- 7.2.2. Polyethylene Terephthalate
- 7.2.3. Others
- 7.3. By Application
- 7.3.1. Labelling
- 7.3.2. Non-labelling
- 7.4. By Country
- 7.4.1. Germany
- 7.4.1.1. By Application
- 7.4.1.1.1. Labelling
- 7.4.1.1.2. Non-labelling
- 7.4.2. U.K.
- 7.4.2.1. By Application
- 7.4.2.1.1. Labelling
- 7.4.2.1.2. Non-labelling
- 7.4.3. France
- 7.4.3.1. By Application
- 7.4.3.1.1. Labelling
- 7.4.3.1.2. Non-labelling
- 7.4.4. Italy
- 7.4.4.1. By Application
- 7.4.4.1.1. Labelling
- 7.4.4.1.2. Non-labelling
- 7.4.5. Rest of Europe
- 7.4.5.1. By Application
- 7.4.5.1.1. Labelling
- 7.4.5.1.2. Non-labelling
- 8. Asia-Pacific Synthetic Paper Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Material
- 8.2.1. Polypropylene
- 8.2.2. Polyethylene Terephthalate
- 8.2.3. Others
- 8.3. By Application
- 8.3.1. Labelling
- 8.3.2. Non-labelling
- 8.4. By Country
- 8.4.1. China
- 8.4.1.1. By Application
- 8.4.1.1.1. Labelling
- 8.4.1.1.2. Non-labelling
- 8.4.2. Japan
- 8.4.2.1. By Application
- 8.4.2.1.1. Labelling
- 8.4.2.1.2. Non-labelling
- 8.4.3. India
- 8.4.3.1. By Application
- 8.4.3.1.1. Labelling
- 8.4.3.1.2. Non-labelling
- 8.4.4. ASEAN
- 8.4.4.1. By Application
- 8.4.4.1.1. Labelling
- 8.4.4.1.2. Non-labelling
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1.
- 8.4.5.1.1. Labelling
- 8.4.5.1.2. Non-labelling
- 9. Latin America Synthetic Paper Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Material
- 9.2.1. Polypropylene
- 9.2.2. Polyethylene Terephthalate
- 9.2.3. Others
- 9.3. By Application
- 9.3.1. Labelling
- 9.3.2. Non-labelling
- 9.4. By Country
- 9.4.1. Brazil
- 9.4.1.1. By Application
- 9.4.1.1.1. Labelling
- 9.4.1.1.2. Non-labelling
- 9.4.2. Mexico
- 9.4.2.1. By Application
- 9.4.2.1.1. Labelling
- 9.4.2.1.2. Non-labelling
- 9.4.3. Rest of Latin America
- 9.4.3.1. By Application
- 9.4.3.1.1. Labelling
- 9.4.3.1.2. Non-labelling
- 10. Middle East & Africa Synthetic Paper Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Material
- 10.2.1. Polypropylene
- 10.2.2. Polyethylene Terephthalate
- 10.2.3. Others
- 10.3. By Application
- 10.3.1. Labelling
- 10.3.2. Non-labelling
- 10.4. By Country
- 10.4.1. GCC
- 10.4.1.1. By Application
- 10.4.1.1.1. Labelling
- 10.4.1.1.2. Non-labelling
- 10.4.2. South Africa
- 10.4.2.1. By Application
- 10.4.2.1.1. Labelling
- 10.4.2.1.2. Non-labelling
- 10.4.3. Rest of Middle East & Africa
- 10.4.3.1. By Application
- 10.4.3.1.1. Labelling
- 10.4.3.1.2. Non-labelling
- 11. Company Profiles
- 11.1. PPG Industries
- 11.1.1. Overview
- 11.1.2. Description
- 11.1.3. Material Portfolio
- 11.1.4. Financials (As per Availaibity)
- 11.1.5. Recent Developments
- 11.2. Yupo Corporation
- 11.2.1. Overview
- 11.2.2. Description
- 11.2.3. Material Portfolio
- 11.2.4. Financials (As per Availaibity)
- 11.2.5. Recent Developments
- 11.3. DuPont
- 11.3.1. Overview
- 11.3.2. Description
- 11.3.3. Material Portfolio
- 11.3.4. Financials (As per Availaibity)
- 11.3.5. Recent Developments
- 11.4. Seiko Epson Corporation
- 11.4.1. Overview
- 11.4.2. Description
- 11.4.3. Material Portfolio
- 11.4.4. Financials (As per Availaibity)
- 11.4.5. Recent Developments
- 11.5. AGFA-Gevaert N.V. Corporation
- 11.5.1. Overview
- 11.5.2. Description
- 11.5.3. Material Portfolio
- 11.5.4. Financials (As per Availaibity)
- 11.5.5. Recent Developments
- 11.6. Cosmo Films
- 11.6.1. Overview
- 11.6.2. Description
- 11.6.3. Material Portfolio
- 11.6.4. Financials (As per Availaibity)
- 11.6.5. Recent Developments
- 11.7. American Profol Inc.
- 11.7.1. Overview
- 11.7.2. Description
- 11.7.3. Material Portfolio
- 11.7.4. Financials (As per Availaibity)
- 11.7.5. Recent Developments
- 11.8. Mobil Chemical Films Div.
- 11.8.1. Overview
- 11.8.2. Description
- 11.8.3. Material Portfolio
- 11.8.4. Financials (As per Availaibity)
- 11.8.5. Recent Developments
- 11.9. Granwell Products
- 11.9.1. Overview
- 11.9.2. Description
- 11.9.3. Material Portfolio
- 11.9.4. Financials (As per Availaibity)
- 11.9.5. Recent Developments
- 11.10. Formosa Plastics
- 11.10.1. Overview
- 11.10.2. Description
- 11.10.3. Material Portfolio
- 11.10.4. Financials (As per Availaibity)
- 11.10.5. Recent Developments
- 11.11. HOP Industries Corp
- 11.11.1. Overview
- 11.11.2. Description
- 11.11.3. Material Portfolio
- 11.11.4. Financials (As per Availaibity)
- 11.11.5. Recent Developments
- 11.12. Toyobo Co. Ltd.
- 11.12.1. Overview
- 11.12.2. Description
- 11.12.3. Material Portfolio
- 11.12.4. Financials (As per Availaibity)
- 11.12.5. Recent Developments
- 11.13. Neenah
- 11.13.1. Overview
- 11.13.2. Description
- 11.13.3. Material Portfolio
- 11.13.4. Financials (As per Availaibity)
- 11.13.5. Recent Developments
- 12. Strategic Recommendations
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