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Synthetic Paper Market

Synthetic Paper Market Size and Segment by Raw Material (BOPP, HDPE, Others (PVC and PET)), By Application (Printing, Paper Bags, Labels), By End-use (Paper, Packaging, Others), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1732 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Synthetic Paper Market Size was valued at USD 0.778 billion in 2021, and is expected to reach USD 1.41 billion by 2028, and grow at a CAGR of 8.9% over the forecast period 2022-2028. 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 Market Revenue Graph

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)

Synthetic Paper Market Segment Pie Chart

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

 

Synthetic Paper Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 0.778 Billion
Market Size by 2028 US$ 11.41 Billion
CAGR CAGR of 4.0% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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

 

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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Secondary Research

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