Global Synthetic Paper Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Synthetic Paper Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Synthetic Paper market finds that the global Synthetic Paper market reached a value of USD 1017.32 million in 2022. It’s expected that the market will achieve USD 1582.97 million by 2028, exhibiting a CAGR of 7.65% during the forecast period.

Rising labor costs

Increased labor costs worldwide due to COVID-19. Take Germany for example, according to the data of the German Federal Statistical Office, the price per hour in the first quarter of 2020 increased by 4.3% year on year, which was the largest increase in the labor cost index since the statistics began in 1996. In 2019 Germany's cost per hour of work increased by only 2.6% year on year, below the EU average of 2.8%. The increase in labor costs has led to an increase in operating costs for manufacturers of Synthetic Paper.

Assessment of the Overall Impact of COVID-19 on the Industry

The raging COVID-19 has left the global economic environment in depression. The impact of COVID-19 on the Synthetic Paper industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The impact on the Synthetic Paper industry depends on the prevention and control effects of COVID-19.

Synthetic Paper conforms to the current concept of environmental protection

With the development of society, people pay more and more attention to environmental protection, governments of various countries have introduced strict environmental protection laws and regulations. PP synthetic paper raw material source and manufacturing process will not cause environmental changes and damage, the product can be 100% recycled after use, even if the incineration treatment, because its plastic substrate contains only carbon and oxygen elements, will not produce toxic and harmful gases. Using plastic instead of paper and plastic instead of wood, the raw material of synthetic paper does not need wood and natural plant fiber, which can save a lot of forest resources and reduce environmental pollution. Therefore, the Synthetic Paper conforms to the current concept of environmental protection. With the increasingly strict environmental protection policies of governments in the future, the development of the Synthetic Paper industry will be better and better.

Fierce competition

There are a large number of companies in the industry and the competition is fierce. If the company cannot correctly grasp the market dynamics and industry development trends, it cannot further consolidate its dominant position and ensure its core in product research and development, market expansion, etc. There are market competition risks such as decline in business performance and decline in market share due to weakened competitive advantages. In addition, more and more competitors are entering the market, which means that competition in the industry will become increasingly difficult. If the players still provide roughly the same products or services, or at least few obvious differences; Or if the players continue to compete on price in Synthetic Paper products, avoiding enhancing products with features and technological content that could increase costs, it will be hard for them to sustain the fierce market. Therefore, companies in the Synthetic Paper market must increase their R&D activities in order to gain a competitive edge over other market players.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (40.23% in 2022).

Company Overview:

Nan Ya Plastics is one of the major players operating in the Synthetic Paper market, holding a share of 18.62% in 2023.

Nan Ya Plastics

Nan Ya Plastics Corporation manufactures and markets plastic and chemical fiber products. The Company's products include polyester filament yarns, flexible PVC (Polyvinyl Chloride) film products, plastic leather products, and rigid film products. Nan Ya also manufactures printed circuit boards.

Yupo

Yupo Corporation is a Japanese manufacturer of synthetic paper. It is owned by Mitsubishi Chemical and Oji Holdings, also known as the Oji Paper Company. The firm produces the Yupo brand of polypropylene synthetic paper.

Segmentation Overview:

As for product types, the BOPP segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Non-Label, with a market share of 56.81% in 2022.

Key Companies in the global Synthetic Paper market covered in Chapter 3:

PPG Industries
Taghleef Industries
Nan Ya Plastics
American Profol
Dupont Tyvek
Arjobex
Avery Dennison
HOP Industries
Yupo
Treofan Group
AGFA-Gevaert N.V. Corporation
Seiko Epson Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Synthetic Paper market from 2018 to 2029 is primarily split into:

HDPE
BOPP
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Synthetic Paper market from 2018 to 2029 covers:

Non-Label
Label

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)