USD 1.13 billion
Synthetic Paper Market Size, Share, and Growth Analysis
Synthetic Paper Market By Product (BOPP, HDPE), By Thickness (200 To 400 Microns, Above 400 Microns), By Application (Label, Non-Label), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15H2041 |
Region:
Global |
Published Date: March, 2025
Pages:
184
|Tables:
63
|Figures:
75
Format -
Synthetic Paper Market Insights
Global Synthetic Paper Market size was valued at USD 1.13 billion in 2023 and is poised to grow from USD 1.19 billion in 2024 to USD 1.85 billion by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032).
The market is anticipated to expand quickly as a result of customer demand for recyclable and packaging that is recyclable. Utilizing synthetic polymers made from petroleum, synthetic paper is produced. The material is superior to traditional paper because of its exceptional qualities, such as resistance to tearing, chemicals, moisture, and grease as well as improved heat sealing, printability, and high durability. It is extensively used in industries like packaging, the manufacture of food and beverages, consumer goods, transportation, or pharmaceuticals. The United States is one of the major markets for synthetic due to the coming years, synthetic paper is predicted to overtake vinyl due to rising environmental concern. Digital printing is expected to expand the product's potential during the course of the forecast.
As a result of the global pandemic breakout, government officials enforced lockdown restrictions to halt the virus's spread. The sales of retail goods were subsequently affected in a number of ways, and logistics and transportation were temporarily stopped. As a result, the consumption of synthetic paper briefly decreased in 2020. Synthetic paper makes an excellent publishing surface for indoors advertisements, posters, banners, and other types of picture printing. The image has a colorful, appealing finish thanks to the special coating of the synthetic paper. Synthetic paper is resilient to chemicals, grease, bending, and heat while still having good printability. As a result, it can be utilized to produce toxic-free thermoforming products for food packaging as well as stationery items like holders and covers.
The income and profit margin of market players that use crude oil as a key raw material for petrochemical processing are expected to be impacted by volatile crude oil prices. Over the projection period, rising automotive demand, growing facilities and the expansion of pharmaceutical and healthcare sectors are all anticipated to drive demand for petrochemicals & polymers. The major players are making significant R&D investments to reduce the cost of generating synthetic paper, which would boost their market share in the paper industry. Furthermore, governments from many economies are intensifying their efforts to enhance sustainability across all industries and are looking for alternatives to minimize waste and improve recycling. This trend is expected to have a positive effect on the demand for synthetic paper over the anticipated time frame.
US Synthetic Paper Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Label
Fastest Growth
Label
Growth Rate
5.6% CAGR
Global Synthetic Paper Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Synthetic Paper Market Segments Analysis
Global Synthetic Paper Market is segmented by Product, Thickness, Application and region. Based on Product, the market is segmented into BOPP, HDPE, PET and Others. Based on Thickness, the market is segmented into 200 To 400 Microns, Above 400 Microns and Below 200 Microns. Based on Application, the market is segmented into Label and Non-Label. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Synthetic Paper Market Analysis by Product
In 2023, the BOPP product segment dominated the market and generated 57.4% of worldwide revenue. It is anticipated to experience noteworthy growth at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031 due to the improved robustness provided by the substance, making them ideal for packaging perishable items such as snacks, fast foods, vegetables, fruits, and sweets.
BOPP is frequently used in the creation of packaging for chemical substances, textiles, beauty items, and food & beverages because of its outstanding properties. Due to the growth of the application in question industries in developing countries like China and India, there is anticipated to be a significant rise in demand for BOPP films in Asia Pacific over the course of the projected period.
HDPE-based synthetic papers, which are mostly used to package powder, cheese, frozen food, or electronic parts, are expected to increase at a pace of more than 6.2% between 2024 and 2031. The papers have excellent moisture and temperature resistance qualities, are non-abrasive, non-scratch, & acid resistant.
HDPE is expected to gain in popularity over the span of the forecast time frame in developing economies including Brazil, China, India, and Russia due to its inexpensive cost & wide range of uses. Due to its superior releasing property without silicone coating, HDPE films are also employed as release liners, interleaving sheeting, foam-in-place, & box liners.
Synthetic Paper Market Analysis by Application
The market was driven by the non-labelling application category in 2023, which accounted for almost 60% of worldwide revenue. Synthetic paper is an excellent choice for non-labeling applications like packaging because of its exceptional durability & tensile strength to support large objects. Additionally, the material's high resistance to moisture & intense heat is anticipated to further propel its rise in the packaging use market.
Due to its increased practicality, fine print on synthetic papers using ink & adhesives is becoming more popular across various industries. Because synthetic sheets are easy to print on, printing over packaged items is made simpler by their use. Additionally, they are scratch & stain resistant, making it easier to use them for packaging sensitive products.
Global Synthetic Paper Market By Application
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Synthetic Paper Market Regional Insights
Asia-Pacific segment dominated the market and generated 36.2% of worldwide revenue in 2023. Due to the rising demand in the printing and packaging, as well as pharmaceutical industries, the market for the item in Asia-Pacific was estimated to be worth approximately USD 389.2 million in 2022. Additionally, it is anticipated that over the projection period, the exponential growth of online shopping in the region will have a substantial impact on the development of synthetic paper.
The growing number of end-user sectors like pharmaceuticals, cosmetics, consumer goods, and also food and beverages are responsible for the growth in the Asia-Pacific region due to rising disposable income and an improvement in the standard of living of the working class in developing countries like China and India.
Additionally, North America contributed significantly to the market's revenue, which was valued at 22.9% in 2023. Wrap-around labels are being used more frequently in beverage packaging, not just for bottled water but also for fruit juices and health drinks. This is projected to propel the expansion of the label industry in North America and favorably impact the development of the synthetic paper market.
Global Synthetic Paper Market By Geography
- Largest
- Fastest
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Synthetic Paper Market Dynamics
Synthetic Paper Market Drivers
Growing Demand for Sustainable Packaging
- Synthetic paper offers a sustainable alternative to traditional paper made from trees. As the demand for environmentally friendly packaging solutions increases, synthetic paper finds applications in various industries such as packaging, labels, and printing, driving the growth of the synthetic paper market.
Synthetic Paper Market Restraints
High Cost
- Synthetic paper can be more expensive than traditional paper due to the specialized manufacturing processes and the cost of raw materials. The higher cost of synthetic paper may limit its adoption in price-sensitive industries or applications.
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Synthetic Paper Market Competitive Landscape
Major market companies are using growth tactics to establish a firm foothold in the industry. In order to increase their regional presence and product range and satisfy the rising demand for synthetic paper from emerging nations, corporations have used a variety of techniques, including new product development, acquisitions and mergers, and growth.
In order to get a competitive edge, all the major companies in the synthetic material market are focusing on forming long-term supply connections with certain business partners. Many businesses have developed to stake out positions in the market as a result of the increase in demand. The businesses have a strong market presence and generate a variety of goods.
Top Players in Synthetic Paper Market
- Yupo Corporation (Japan)
- PPG Industries (United States)
- DuPont (United States)
- Agfa-Gevaert Group (Belgium)
- Arjobex Synthetic Papers (United Kingdom)
- Nan Ya Plastics Corporation (Taiwan)
- Seiko Epson Corporation (Japan)
- American Profol Inc. (United States)
- HOP Industries Corporation (United States)
- Transcendia (United States)
- Cosmo Films Limited (India)
- Neenah Inc. (United States)
- MDV Papier- und Kunststoffveredelung GmbH (Germany)
- Relyco Sales Inc. (United States)
- Sihl Group (Switzerland)
- Valeron Strength Films (United States)
- Arjobex America (United States)
- Polyart (France)
- Kaveri Metallising & Coating Industries Pvt. Ltd. (India)
- Pankaj Polymers Ltd. (India)
Synthetic Paper Market Recent Developments
-
In December 2023, Cosmo Films launched metalized electrical grade BOPP films for capacitor applications. These films are used for capacitor manufacturing of various types of AC and DC capacitors. These capacitors have diverse applications ranging from electronics appliances, industrial applications, power electronics, automobiles, electric vehicles, renewable power systems, etc.
-
In October 2023, Cosmo Films announced the launch of its new business division – Cosmo Plastech. The company said the move aligns with its vision of offering a diverse range of packaging solutions to its partners for a wide array of FMCG products, providing enhanced supply chain efficiency.
Synthetic Paper Key Market Trends
- Increasing Demand for Sustainable Packaging: The market is experiencing a rising demand for sustainable packaging solutions due to growing environmental concerns. Synthetic paper, which is often made from recyclable or biodegradable materials, offers a sustainable alternative to traditional paper. This trend is driven by changing consumer preferences and the implementation of stricter environmental regulations.
- Growing Applications in Labels and Packaging: Synthetic paper is widely used in the labels and packaging industry due to its durability, moisture resistance, and printability. With the increasing demand for attractive and functional packaging, synthetic paper finds applications in various sectors such as food and beverage, cosmetics, pharmaceuticals, and retail. The ability to withstand harsh conditions during storage, transportation, and product use contributes to its popularity in these applications.
- Expansion in the Printing Industry: Synthetic paper has gained significant traction in the printing industry due to its compatibility with various printing technologies, including digital printing and UV-curable inks. The market is witnessing a shift from traditional paper to synthetic paper for applications such as banners, signs, maps, and promotional materials. The ability of synthetic paper to deliver vibrant colors, sharp images, and high-quality prints is driving its adoption in the printing sector.
- Technological Advancements: Advancements in manufacturing techniques and coating technologies have enhanced the properties and performance of synthetic paper. Innovations in surface coatings have improved the printability, ink adhesion, and resistance to scratches and abrasions. Additionally, developments in film extrusion processes have led to the production of thinner synthetic papers with increased strength and flexibility.
Synthetic Paper Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our synthetic paper market analysis, this industry is anticipated to expand quickly as a result of customer demand for recyclable and packaging that is recyclable. Utilizing synthetic polymers made from petroleum, synthetic paper is produced. The material is superior to traditional paper because of its exceptional qualities, such as resistance to tearing, chemicals, moisture, and grease as well as improved heat sealing, printability, and high durability. It is extensively used in industries like packaging, the manufacture of food and beverages, consumer goods, transportation, or pharmaceuticals. The United States is one of the major markets for synthetic due to the coming years, synthetic paper is predicted to overtake vinyl due to rising environmental concern. Digital printing is expected to expand the product's potential during the course of the forecast.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.13 billion |
| Market size value in 2032 | USD 1.85 billion |
| Growth Rate | 5.6% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Synthetic Paper Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Synthetic Paper Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Synthetic Paper Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Synthetic Paper Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Synthetic Paper Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Synthetic Paper Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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