Synthetic Paper Market Size, Share & Trends Analysis Report By Product (BOPP, HDPE, PET & Others), By Application (Label, Non-Label), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2023 - 2030
Synthetic Paper Market Size, Share & Trends Analysis Report By Product (BOPP, HDPE, PET & Others), By Application (Label, Non-Label), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2023 - 2030
Synthetic Paper Market Growth & Trends
The global synthetic paper market size is expected to reach USD 1.66 billion by 2030, as per a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 5.6% from 2023 to 2030. Increasing awareness about climate change and the growing shift towards eco-friendly and recyclable packaging materials are expected to drive market growth.
The major drivers of the market growth are the global increasing demand for paper and the efforts made to decrease the dependency on plant-based paper. Its sustainable production and recyclable nature are expected to notably drive the demand for synthetic paper materials in the coming years.
The Covid-19 pandemic had disrupted the global supply chain thus severely impacting the end-use industries for the product in 2020. However, the post-pandemic era has brought in bright prospects due to a boost in the economies, which are expected to accelerate the market.
The synthetic resin, which acts as raw material for synthetic paper happens to be crude oil’s refined product. With fluctuating prices of crude oil, the demand for synthetic paper is bound to be hampered directly. Also, looking at the current geopolitical scenario, the crude oil prices seem to remain high for quite a long period, ultimately affecting the market.
Synthetic Paper Market Report Highlights
The BOPP product segment led the market and accounted for 57.4% of the global revenue in 2022 and is expected to witness a CAGR of 5.6% from 2023 to 2030. The major driving factor to the market growth is the growing penetration of the product in labels and printing applications
The packaging industry in the non-labels application segment led the market and accounted for 50.8% of the global revenue in 2022. Synthetic papers are used for packaging because of their high durability and tensile strength to hold heavy items
Healthcare sector is one of the most rapidly growing sectors globally and is expected to bolster the demand for medical tags owing to its reliable performance in conditions like tampering and extreme cryogenic temperature
Asia Pacific is expected to grow fast at a CAGR of 6.4% over the forecast period. The region accounted for a revenue share of 36.2% in 2022. The demand in the Asia Pacific is led by the rapid growth of the pharmaceutical, printing, and packaging industries in developing economies
Key industry participants are investing heavily in research and development activities for the cost reduction of synthetic paper, which would provide them a competitive edge in the market
With the rise in product demand, many companies, for example, Cosmo, Fresco, Profol, Arjobex, and BF Plastic, have emerged to establish their position in the market. The companies are well established in the market and produce a wide range of products
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Chapter 1 Methodology and Scope
1.1 Synthetic Paper Market - Market Segmentation
1.2 Information Procurement
1.2.1 Purchased Database
1.2.2 GVR’s Internal Database
1.2.3 Secondary Sources
1.2.4 Third Party Perspective
1.2.5 Primary Research
1.3 Information Analysis
1.3.1 Data Analysis Models
1.4 Market Formulation and Data Visualization
1.5 Data Validation and Publishing
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
2.3 Competitive Insights
2.4 Market snapshot
Chapter 3 Synthetic Paper Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Synthetic Paper - Value Chain Analysis
3.3 Technology Overview
3.3.1 Linear Motor Simultaneous Stretching Technology
3.3.2 Surface Coating Method
3.3.3 Surface Treatment Method
3.4 Regulatory Framework
3.5 Synthetic Paper - Market Dynamics
3.5.1 Market Driver Analysis
3.5.2 Market Restraint Analysis
3.5.3 Industry Challenges
3.6 Synthetic Paper - Porter’s Analysis
3.6.1 Supplier Power
3.6.2 Threat of new entrants
3.6.3 Industry rivalry
3.6.4 Threat of substitute
3.6.5 Buyer power
3.7 Synthetic Paper - PESTEL Analysis by SWOT
3.7.1 Political
3.7.2 Economic
3.7.3 Social
3.7.4 Technological
3.7.5 Environmental
3.7.6 Legal
3.8 Major Deals & Strategic Alliances Analysis
3.8.1 Joint Venture
3.8.2 Mergers & Acquisitions
3.9 Market Disruption Analysis
Chapter 4 Synthetic Paper Market: Product Estimates & Trend Analysis
4.1 Synthetic Paper Market - Product Key Takeaways
4.2 Synthetic Paper Market - Product Movement Analysis, 2022 & 2030
4.2.1 BOPP
4.2.2 HDPE
4.2.3 PET
4.2.4 Others
Chapter 5 Synthetic Paper Market: Application Estimates & Trend Analysis
5.1 Synthetic Paper Market - Application Key Takeaways
5.2 Synthetic Paper Market - Application Movement Analysis, 2022 & 2030
5.2.1 Label
5.2.1.1 Hand Tags
5.2.1.2 Medical Tags
5.2.1.3 Others
5.2.2 Non-Label
5.1.2.1 Packaging
5.1.2.2 Documents
5.1.2.3 Others
Chapter 6 Synthetic Paper Market: Regional Estimates & Trend Analysis
6.1 Synthetic Paper Market - Regional Key Takeaways
6.3 Synthetic Paper Market - Regional Movement Analysis, 2022 & 2030
6.4 North America
6.4.1 North America synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.4.2 U.S.
6.4.2.1 U.S. synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.4.3 Canada
6.4.3.1 Canada synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.4.4 Mexico
6.4.4.1 Mexico synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.5 Europe
6.5.1 Europe synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.5.2 U.K.
6.5.2.1 U.K. synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.5.3 Germany
6.5.3.1 Germany synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.5.4 France
6.5.4.1 France synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.5.5 Italy
6.5.5.1 Italy synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.6 Asia Pacific
6.6 1 Asia Pacific synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.6.2 China
6.6.2.1 China synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.6.3 India
6.6.3.1 India synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.6.4 Japan
6.6.4.1 Japan synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.6.5 Taiwan
6.6.5.1 Taiwan synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.6.6 Australia
6.6.6.1 Australia synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.7 Central & South America
6.7.1 Central & South America synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
6.8 Middle East & Africa
6.8.1 Middle East & Africa Synthetic paper market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Million)
Chapter 7 Competitive Landscape
7.1 Key global players & recent developments & their impact on the industry