Report Id: SNS/C&M/1732 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Synthetic Paper Market Size was valued at USD 0.847 billion in 2022, and is expected to reach USD 1.67 billion by 2030, and grow at a CAGR of 8.9% over the forecast period 2023-2030. Petroleum-based synthetic resins are used to make synthetic paper (primary material). The characteristics of different synthetic papers are heavily influenced by the resin used. Because of its superior chemical, tear, oil, and moisture resistance, printability, heat sealability, durability, and high strength, it is chosen over ordinary paper. BOPP, HDPE, and other polymers (polystyrene, polyamide, polyethylene, and polyvinyl chloride) are commonly employed in synthetic paper, which is utilised in a variety of applications including food and beverage, cosmetics, transportation, pharmaceuticals, chemical, and advertising.
Synthetic paper outperforms ordinary paper in a multitude of ways due to its superior chemical and physical qualities. Furthermore, unlike conventional paper, synthetic paper can tolerate intense heat and cold. Synthetic paper is also resistant to ultraviolet (UV) light and sunshine, making it perfect for outdoor use. The packaging, printing, and labelling industries are expected to grow at a faster rate than the synthetic paper market in the long run.
Market Dynamics:
Drivers:
Items that are good for the environment are growing more popular.
The label and packaging sector is expanding.
Folding cartons and blister packing are becoming more popular.
Restraints:
Variations in the cost of raw materials
Opportunity:
Government rules are strict.
Concerns about pulp paper's impact on the environment are growing.
Challenge:
Synthetic papers are sold at exorbitant costs.
Impact of Covid-19:
COVID-19 is a recently found coronavirus strain that causes an infectious sickness. This sickness is affecting economic growth all across the world. The virus was initially detected in December of this year in Wuhan, China. The global COVID-19 outbreak has wrought havoc. COVID-19 had a substantial influence on worldwide GDP in 2020, with estimates indicating that the virus harmed global economic growth by at least 0.5 percent to 1.5 percent in FY 2020-2021, however economies are rebounding with the removal of key countries' restrictions. Both lives and livelihoods are at risk as a result of the disease's rapid spread. It's a global issue that necessitates a worldwide response. It's impossible to predict how quickly this condition will go away. This condition is exceptional in that it affects both supply and demand, influencing the global supply of synthetic paper.
Various rigid plastic packaging providers are developing solutions and strategies to engage with their end consumers in order to reassure them by offering information on how they are addressing global concerns on their websites and social media.
Key Players:
Hop Industries Corporation, Transcendia, Inc., Agfa-Gevaert Group, NAN Ya Plastics Corporation, Arjobex SAS, Yupo Corporation, Cosmo Films Limited, American Profol Inc., PPG Industries Inc., Toyobo Co. Ltd.
Segment Description:
The synthetic paper market in Asia Pacific is the largest and most promising, and this trend is projected to continue during the forecast period. The synthetic paper market in Asia Pacific is being driven by rising population, greater disposable income, fast industrialization, and increased urbanisation. Various end-use sectors, including as foods and drinks, cosmetics, pharmaceuticals, chemicals, and manufacturing, drive the market in the region.
Market Segmentation:
By Raw Material
BOPP
HDPE
Others
By Application
Printing
Paper Bags
Labels
By End-use
Paper
Packaging
Others (pharmaceuticals, cosmetics, food & beverages, and horticulture)
Regional Analysis:
According to regional research, the Asia Pacific market will grow at a quick revenue CAGR and will account for the biggest revenue share in the global market over the forecast period. Increasing demand for paper, paper bags, and other paper products from end-use industries, increased environmental awareness, and recent technical advances are projected to propel market expansion in this area over the forecast period. In developing countries like China and India, growth in the chemicals, textile, cosmetics, and food and beverage industries has resulted in a significant demand for synthetic paper. The presence of significant manufacturing enterprises in the region is also driving up demand.
Furthermore, rising urbanisation in the region's developing countries increased demand for labelling, printing, and packaging, as well as increased the need for consumer goods. The availability of relatively low-cost labour and raw resources in this location is projected to boost synthetic paper production. Consumption in this region is predicted to rise as a result of innovation in the paper and packaging industry, rising industrialisation, and increased knowledge of the benefits of synthetic paper.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 0.847 Billion |
Market Size by 2030 | US$ 1.67 Billion |
CAGR | CAGR of 4.0% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Raw Material (BOPP, HDPE, Others (PVC and PET)) • By Application (Printing, Paper Bags, Labels) • By End-use (Paper, Packaging, Others) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Hop Industries Corporation, Transcendia, Inc., Agfa-Gevaert Group, NAN Ya Plastics Corporation, Arjobex SAS, Yupo Corporation, Cosmo Films Limited, American Profol Inc., PPG Industries Inc., Toyobo Co. Ltd. |
DRIVERS | • Items that are good for the environment are growing more popular. •The label and packaging sector is expanding. • Folding cartons and blister packing are becoming more popular. |
Restraints | • Variations in the cost of raw materials |
Frequently Asked Questions (FAQ) :
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Synthetic Paper Market Segment, By Raw Material
8.1 BOPP
8.2 HDPE
8.3 Others (PVC and PET)
9. Synthetic Paper Market Segment, By Application
9.1 Printing
9.2 Paper Bags
9.3 Labels
10. Synthetic Paper Market Segment, By End-use
10.1 Paper
10.2 Packaging
10.3 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profile
12.1 Hop Industries Corporation
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Transcendia, Inc.
12.3 Agfa-Gevaert Group
12.4 NAN Ya Plastics Corporation
12.5 Arjobex SAS
12.6 Yupo Corporation
12.7 Cosmo Films Limited
12.8 American Profol Inc.
12.9 PPG Industries Inc.
12.10 Toyobo Co. Ltd.
13 Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14 Conclusion
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