Synthetic Paper Market Report by Type (Biaxially Oriented Polypropylene (BOPP), High Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), and Others), Application (Label, Non-Label), End Use Industry (Industrial, Institutional, Commercial/Retail), and Region  2024-2032

Synthetic Paper Market Report by Type (Biaxially Oriented Polypropylene (BOPP), High Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), and Others), Application (Label, Non-Label), End Use Industry (Industrial, Institutional, Commercial/Retail), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A6844
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Synthetic Paper Market Size:

The global synthetic paper market size reached US$ 1,007.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,857.8 Million by 2032, exhibiting a growth rate (CAGR) of 6.83% during 2024-2032. The market is experiencing moderate growth driven by environmental sustainability, durability and longevity offered by the product, rising printability and customization options, water and tear resistance, and expanding applications in labeling and packaging.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1,007.3 Million
Market Forecast in 2032
US$ 1,857.8 Million
Market Growth Rate 2024-2032 6.83%

Synthetic Paper Market Analysis:

  • Market Growth and Size: The market is witnessing moderate growth, driven by the increasing demand for eco-friendly alternatives to traditional paper.
  • Technological Advancements: Advancements in polymer chemistry and coating technologies have improved the quality of synthetic papers, making them more durable and printable. This has expanded their use in various industries.
  • Industry Applications: Synthetic paper finds applications in diverse industries, including packaging, labels, printing, and advertising. Its water-resistant and tear-resistant properties make it suitable for a wide range of uses.
  • Geographical Trends: North America and Europe have been leading regions in the adoption of synthetic paper due to strict environmental regulations and sustainability initiatives. However, Asia-Pacific is witnessing significant growth, driven by industrial expansion.
  • Competitive Landscape: The market is characterized by several key players, including Yupo Corporation, PPG Industries, and Arjobex. Competition is intense, with companies focusing on product innovation and sustainability.
  • Challenges and Opportunities: While synthetic paper offers environmental benefits, it faces challenges related to higher production costs and limited recyclability. Opportunities lie in exploring new applications and expanding into emerging markets.
  • Future Outlook: The synthetic paper market is poised for moderate growth in the coming years. As businesses and consumers increasingly prioritize sustainability, the demand for eco-friendly alternatives such as, synthetic paper is expected to rise, presenting growth opportunities for industry players.
     

Synthetic Paper Market

Synthetic Paper Market Trends:

Environmental Sustainability

The growing concern for environmental sustainability is a significant driver of the global synthetic paper market. With increased awareness about deforestation and the environmental impact of traditional paper production, businesses and consumers are seeking alternatives. Synthetic paper, made from non-wood materials such as, polypropylene or polyester, is seen as an eco-friendlier option. It reduces the need for cutting down trees, conserving forests, and reducing greenhouse gas emissions associated with paper production. Additionally, synthetic paper is often recyclable and can be reused, further reducing its environmental footprint. Companies are increasingly adopting synthetic paper to align with their sustainability goals and meet consumer demand for eco-friendly products.

Durability and Longevity Offered by the Product

Another driving factor in the global synthetic paper market is its superior durability and longevity compared to traditional paper. Synthetic paper is known for its resistance to tearing, moisture, chemicals, and UV rays. This makes it ideal for applications where traditional paper would deteriorate quickly, such as outdoor signage, maps, and labels on products exposed to harsh conditions. The longevity of synthetic paper ensures that information and branding remain intact over an extended period, reducing the need for frequent replacements. This saves costs for businesses and also minimizes waste. For instance, synthetic labels on products can endure throughout the lifecycle of this product, reducing the need for label replacements due to wear and tear.

Printability and Customization

Synthetic paper can be customized to meet specific printing requirements, whether for vibrant graphics, high-resolution images, or intricate details. It readily accepts various printing methods, including offset, digital, and flexographic printing. This adaptability makes synthetic paper a preferred choice for applications such as, advertising materials, brochures, and packaging. Companies can create visually appealing and informative print materials with ease. The ability to reproduce intricate designs and maintain print quality even in challenging environments, such as wet or outdoor settings, is a significant advantage. Moreover, compatibility of synthetic paper with a wide range of ink types and printing equipment allows businesses to explore creative and innovative marketing strategies.

Water and Tear Resistance

The inherent water and tear resistance of synthetic paper are driving its adoption in various industries. Unlike traditional paper, which can become easily damaged when exposed to moisture or rough handling, synthetic paper maintains its integrity. This property makes it highly suitable for applications where durability and resistance to external factors are crucial. In the packaging industry, for instance, synthetic paper is preferred for labels and tags on products that may come into contact with liquids or experience rough handling during shipping and storage. It ensures that essential product information remains legible and intact. Similarly, synthetic paper is used for outdoor signage, banners, and posters where exposure to rain and adverse weather conditions is common. Its resistance to water ensures that the messaging and branding remain effective, even in challenging outdoor environments. Additionally, the tear resistance of synthetic paper is valuable in applications where the risk of physical damage is high. For instance, in industrial settings where manuals and instructional materials are frequently used, synthetic paper ensures that vital information remains accessible and intact despite handling.

Expanding Applications in Labeling and Packaging

The increasing demand for labeling and packaging solutions across various industries is a major driver of the global synthetic paper market. The versatility and suitability of this paper for these applications are well-recognized. In the food and beverage industry, synthetic paper is commonly used for labels on products that require moisture-resistant and durable packaging. It ensures that essential product information, branding, and regulatory details remain intact and visually appealing. Similarly, the pharmaceutical and healthcare sectors rely on synthetic paper for labeling prescription medications and medical devices. The ability to maintain the integrity of critical information on these products is vital for patient safety and regulatory compliance. Additionally, the growth of e-commerce has boosted the demand for synthetic paper in packaging. With the rise of online shopping, businesses require durable and customizable packaging solutions to protect products during transit and create a positive unboxing experience for consumers.

Synthetic Paper Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, application, and end use industry.

Breakup by Type:

Synthetic Paper Market By Type

  • Biaxially Oriented Polypropylene (BOPP)
  • High Density Polyethylene (HDPE)
  • Polyethylene Terephthalate (PET)
  • Others
     

Biaxially oriented polypropylene (BOPP) accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes biaxially oriented polypropylene (BOPP), high density polyethylene (HDPE), polyethylene terephthalate (PET), and others. According to the report, BOPP represented the largest segment.

Biaxially Oriented Polypropylene (BOPP) is a prominent segment in the synthetic paper market. It is characterized by its excellent printability, clarity, and resistance to moisture and chemicals. BOPP synthetic paper is widely used in applications where visual appeal and durability are essential, such as labels, packaging, and advertising materials. BOPP synthetic paper is favored in the labeling industry for its ability to maintain sharp graphics and vibrant colors, making it an ideal choice for product labels and packaging. Its moisture resistance ensures that labels remain intact and legible, even in humid or wet conditions. Additionally, the chemical resistance of BOPP makes it suitable for products requiring exposure to various chemicals, such as cleaning agents or automotive fluids.

High Density Polyethylene (HDPE) synthetic paper is gaining traction in the market due to its exceptional durability and environmental benefits. HDPE is known for its resistance to tearing, moisture, and UV radiation, making it suitable for demanding applications. One of the key areas where HDPE synthetic paper excels is outdoor signage. It can withstand harsh weather conditions, including rain, sunlight, and wind, without deteriorating. This makes it a popular choice for durable outdoor banners, posters, and signage. HDPE synthetic paper is also valued in the packaging industry for its eco-friendly attributes. It is recyclable and can contribute to reducing plastic waste. Many companies are adopting HDPE packaging for products such as, reusable bags, shopping totes, and environmentally conscious packaging solutions.

Polyethylene Terephthalate (PET) synthetic paper is another significant segment in the market, known for its versatility and adaptability. PET synthetic paper offers excellent printability and dimensional stability, making it suitable for various applications. In the labeling industry, PET synthetic paper stands out for its ability to accommodate intricate designs and high-quality printing. It is commonly used for product labels, stickers, and tags across a wide range of consumer goods. The visual appeal and clarity of PET synthetic paper enhance the branding and marketing efforts of businesses. Another key application of PET synthetic paper is in the production of ID cards, driver's licenses, and membership cards. Its durability, resistance to wear, and tamper-evident properties make it a reliable choice for secure identification documents.

Breakup by Application:

  • Label  
    • Hand Tags
    • Medical Tags
    • Others
  • Non-Label 
    • Packaging
    • Documents
    • Others
       

Non-label holds the largest share in the industry

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes label (hand tags, medical tags, and others) and non-label (packaging, documents, and others). According to the report, non-label accounted for the largest market share.

The non-label application segment of the synthetic paper market encompasses a wide range of uses across various industries. The versatility and resistance properties of synthetic paper make it suitable for applications beyond labeling. In the printing and publishing industry, synthetic paper is used for creating high-quality brochures, catalogs, and marketing materials. Its ability to showcase vibrant graphics and withstand handling makes it an ideal choice for visually appealing printed materials. The packaging industry benefits from synthetic paper in non-label applications as well. It is used for flexible packaging, pouches, and wrappers where moisture resistance and durability are essential. Additionally, synthetic paper finds applications in cartons, boxes, and sleeves, contributing to the overall packaging efficiency. Synthetic paper is also gaining traction in the manufacturing sector for technical manuals, instructional guides, and maintenance documents. Its resistance to wear and tear ensures that vital information remains intact and accessible, even in industrial settings.

The label application segment is a significant and rapidly growing market within the synthetic paper industry. The exceptional printability, durability, and resistance of this paper to moisture and tear make it an ideal choice for labeling various products and packaging. In the food and beverage industry, synthetic paper labels are widely used on bottles, containers, and packaging materials. They provide vital product information, branding, and regulatory details while remaining intact even in humid or wet environments. Moreover, the pharmaceutical and healthcare sectors heavily rely on synthetic paper labels for prescription medications, medical devices, and healthcare product packaging. The ability to maintain the integrity of critical information on these labels is crucial for patient safety and regulatory compliance. The cosmetics and personal care industry also benefits from synthetic paper labels for beauty product packaging. They offer high-quality graphics and branding, ensuring products stand out on crowded store shelves.

Breakup by End Use Industry:

  • Industrial
  • Institutional
  • Commercial/Retail
     

Industrial represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes industrial, institutional, and commercial/retail. According to the report, industrial represented the largest segment.

The industrial segment represents a significant portion of the synthetic paper market. Industrial applications primarily involve the use of synthetic paper for technical and functional purposes. One of the key drivers for its adoption in this segment is its exceptional durability and resistance to harsh conditions. In the industrial sector, synthetic paper finds applications in various forms, such as labels for chemical containers, manufacturing manuals, technical documents, and schematics. Its resistance to water, chemicals, and tearing makes it ideal for these purposes. Synthetic paper ensures that essential information remains legible and intact even in demanding industrial environments. Moreover, synthetic paper is commonly used for outdoor signage in industrial facilities, where exposure to extreme weather conditions is a concern. Its ability to withstand UV radiation and moisture makes it a reliable choice for displaying important safety instructions, warnings, and directional signage.

The institutional segment of the synthetic paper market encompasses various organizations, including government bodies, educational institutions, and healthcare facilities. Synthetic paper serves as a valuable tool for these institutions due to its longevity, printability, and resistance to wear and tear. Educational institutions frequently use synthetic paper for producing textbooks, educational materials, and teaching aids. Its ability to withstand the rigors of daily classroom use ensures that educational resources remain intact over time. Additionally, synthetic paper supports vibrant graphics and high-quality printing, enhancing the visual appeal of educational materials. In the healthcare sector, synthetic paper plays a crucial role in producing durable and hygienic medical records, patient identification wristbands, and prescription labels. These applications require materials that can endure frequent handling, exposure to moisture, and remain free from contamination.

The commercial and retail sector represents a dynamic and rapidly growing segment within the synthetic paper market. The versatility, printability, and water-resistant properties of the paper make it highly suitable for a wide range of applications in this segment. In the commercial realm, synthetic paper is extensively used for advertising and promotional materials. Brochures, posters, banners, and product labels benefit from the exceptional print quality and vibrant colors that synthetic paper allows. Additionally, businesses often employ synthetic paper for menus in restaurants, ensuring durability in a frequently handled and sometimes messy environment. Within the retail sector, synthetic paper is employed for packaging, tags, labels, and signage. Its ability to maintain its integrity in various retail environments, including exposure to moisture, enhances the appeal of products and the shopping experience. Synthetic paper also supports the trend of sustainable packaging, aligning with consumer preferences for eco-friendly options.

Breakup by Region:

Synthetic Paper Market By Region

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Asia Pacific leads the market, accounting for the largest synthetic paper market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

The Asia Pacific region is a significant and rapidly growing market for synthetic paper. This growth is driven by several key factors. First and foremost, Asia Pacific countries, particularly China and India, are experiencing robust economic expansion and industrialization. As a result, there is a rising demand for synthetic paper in various applications, including packaging, labels, and advertising materials. Moreover, environmental concerns and regulations aimed at reducing deforestation have led to an increased adoption of synthetic paper in this region. Consumers and businesses are increasingly valuing sustainable and eco-friendly alternatives, making synthetic paper a preferred choice.

North America is a mature yet steadily growing market for synthetic paper. The region has been at the forefront of sustainability initiatives, driving the adoption of eco-friendly alternatives such as synthetic paper. In the United States and Canada, strict environmental regulations have encouraged businesses to explore sustainable materials for packaging, labels, and promotional materials. The recyclability and reduced environmental impact of this paper align well with these regulations and consumer preferences. The North American market benefits from a robust manufacturing sector, where synthetic paper is used in various industrial applications. Its durability and resistance to moisture and chemicals make it suitable for technical manuals, labels on machinery, and other industrial uses.

Europe is a significant market for synthetic paper, driven by stringent environmental regulations, a strong manufacturing sector, and a commitment to sustainability. European countries have implemented strict measures to reduce the environmental impact of traditional paper production. As a result, synthetic paper, which reduces the need for wood pulp and offers a more sustainable option, has gained prominence. Companies across the continent are adopting synthetic paper for various applications, including packaging, labels, and advertising materials. The European packaging industry, in particular, has witnessed substantial growth in the use of synthetic paper. Its water-resistant and tear-resistant properties make it an ideal choice for packaging in damp or challenging environments.

Latin America represents a growing market for synthetic paper, driven by a combination of economic development, urbanization, and environmental considerations. The expanding middle class and rising disposable incomes across the region have led to increased consumer demand for a variety of products. This, in turn, has boosted the use of synthetic paper in packaging and labeling applications, as businesses seek to make their products more appealing and durable. Environmental concerns are also contributing to the adoption of synthetic paper in Latin America. Governments and consumers are increasingly conscious of the need to reduce deforestation and minimize the environmental impact of traditional paper production. Synthetic paper, as a sustainable alternative, is gaining traction in response to these concerns.

The Middle East and Africa region are emerging markets for synthetic paper, with growth driven by economic diversification, urbanization, and a growing awareness about environmental sustainability. In the Middle East, countries such as the United Arab Emirates and Saudi Arabia are investing in economic diversification beyond oil and gas. This has led to increased industrialization and a demand for packaging materials such as, synthetic paper. Its resistance to moisture and durability makes it well-suited for the climate of the region. Similarly, in Africa, the urban population is growing, leading to increased consumption and demand for packaged goods. Synthetic paper is finding applications in labels, tags, and packaging materials, especially for products exposed to outdoor conditions.

Leading Key Players in the Synthetic Paper Industry:

The key players in the synthetic paper market are actively engaged in several strategic initiatives. These include continuous research and development efforts to enhance the quality and versatility of synthetic paper, with a focus on improving durability, printability, and sustainability. Moreover, they are expanding their global presence through partnerships and acquisitions, ensuring a wider market reach. Additionally, these companies are actively promoting the eco-friendly aspects of synthetic paper to align with the increasing demand for sustainable materials. To maintain a competitive edge, they are investing in state-of-the-art production facilities and technology to meet the growing needs of various industries and capitalize on the potential of the market.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • Agfa-Gevaert N.V.
  • Aluminium Féron GmbH & Co. KG
  • Arjobex SAS
  • Cosmo First Limited
  • HOP Industries Corporation
  • MDV Papier- und Kunststoffveredelung GmbH
  • Nan Ya Plastics Corporation
  • PPG Industries Inc.
  • RELYCO
  • Seiko Epson Corporation
  • Toyobo Co. Ltd.
  • Transcendia Inc.
  • Yupo Corporation
     

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

  • 2020: Arjobex SAS completed the acquisition of the entire shareholding of the MDV Group, a specialized manufacturer and coating expert in the production of specialty papers and films. These materials cater to a diverse range of sectors, including print, packaging, medical, sign/display, and construction industries. This strategic acquisition underscores Arjobex SAS's commitment to expanding its capabilities and offerings within these niche markets.
  • September, 2020: Yupo Corporation has introduced a groundbreaking product known as "SUPERYUPO Double" designed specifically for oil-based offset printing applications. This synthetic paper innovation preserves the inherent qualities that have made Yupo a trusted brand, including exceptional durability, printability, and resistance to water. "SUPERYUPO Double" stands out as a unique solution, allowing for double-sided printing using oil-based ink on paper.

Synthetic Paper Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Type
  • Application
  • End Use Industry
  • Region
Types Covered Biaxially Oriented Polypropylene (BOPP), High Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Others
Applications Covered
  • Label: Hand Tags, Medical Tags, Others
  • Non-Label: Packaging, Documents, Others
End Use Industries Covered Industrial, Institutional, Commercial/Retail
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Agfa-Gevaert N.V., Aluminium Féron GmbH & Co. KG, Arjobex SAS, Cosmo First Limited, HOP Industries Corporation, MDV Papier- und Kunststoffveredelung GmbH, Nan Ya Plastics Corporation, PPG Industries Inc., RELYCO, Seiko Epson Corporation, Toyobo Co. Ltd., Transcendia Inc., Yupo Corporation, etc.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the synthetic paper market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global synthetic paper market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the synthetic paper industry and its attractiveness.
  • The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global synthetic paper market was valued at US$ 1,007.3 Million in 2023.

We expect the global synthetic paper market to exhibit a CAGR of 6.83% during 2024-2032.

The increasing adoption of synthetic papers across numerous industries, such as Food and Beverage (F&B), personal care, healthcare, etc., as they offer dimensional stability, ease of printing, excellent tensile and tear strength, etc., is primarily driving the global synthetic paper market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for synthetic papers.

Based on the type, the global synthetic paper market can be segmented into Biaxially Oriented Polypropylene (BOPP), High Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), and others. Currently, Biaxially Oriented Polypropylene (BOPP) holds the majority of the total market share.

Based on the application, the global synthetic paper market has been divided into label and non-label, where non-label currently exhibits a clear dominance in the market.

Based on the end use industry, the global synthetic paper market can be categorized into industrial, institutional, and commercial/retail. Currently, industrial accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global synthetic paper market include Agfa-Gevaert N.V., Aluminium Féron GmbH & Co. KG, Arjobex SAS, Cosmo First Limited, HOP Industries Corporation, MDV Papier- und Kunststoffveredelung GmbH, Nan Ya Plastics Corporation, PPG Industries Inc., RELYCO, Seiko Epson Corporation, Toyobo Co. Ltd., Transcendia Inc., Yupo Corporation, etc.

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Synthetic Paper Market Report by Type (Biaxially Oriented Polypropylene (BOPP), High Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), and Others), Application (Label, Non-Label), End Use Industry (Industrial, Institutional, Commercial/Retail), and Region  2024-2032
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