The Global Synthetic Paper Market Size accounted for USD 912.4 Million in 2023 and is estimated to achieve a market size of USD 1,810.4 Million by 2032 growing at a CAGR of 8.1% from 2024 to 2032

Synthetic Paper Market (By Product: BOPP (Biaxially Oriented Polypropylene), HDPE (High-Density Polyethylene), PET (Polyethylene Terephthalate), and Others; By Application: Label, and Non-Label; By End-Use: Industrial, Commercial, and Others)

Synthetic Paper Market Highlights

• Global synthetic paper market revenue is poised to garner USD 1,810.4 million by 2032 with a CAGR of 8.1% from 2024 to 2032
• Asia-Pacific synthetic paper market value occupied around USD 328.5 million in 2023
• Asia-Pacific synthetic paper market growth will record a CAGR of more than 9% from 2024 to 2032
• Among product, the BOPP (Biaxially Oriented Polypropylene) sub-segment generated more than USD 510.9 million revenue in 2023
• Based on application, the non-label sub-segment generated around 60% synthetic papers market share in 2023
• Growing environmental regulations encouraging alternatives to traditional paper is a popular synthetic paper market trend that fuels the industry demand

Synthetic paper is a durable, eco-friendly material made from synthetic resin, typically polypropylene or polyethylene, instead of traditional wood pulp. It offers the appearance and texture of regular paper but with enhanced durability, water resistance, tear resistance, and resistance to chemicals. Because of these properties, synthetic paper is widely used for printing applications requiring high resilience, such as maps, banners, labels, and outdoor signage. It also provides a smooth surface that ensures high-quality printing with both offset and digital methods. Additionally, synthetic paper is recyclable, contributing to environmental sustainability efforts, and can endure extreme temperatures, making it ideal for various industrial and commercial uses where conventional paper may fail.

Global Synthetic Paper Market Dynamics

Market Drivers

• Rising demand for eco-friendly packaging solutions
• Growth in the labeling and tag industry
• Increased adoption in printing applications due to superior durability
• Expansion in the food & beverage industry boosting the use of synthetic paper

Market Restraints

• High production costs compared to traditional paper
• Limited awareness in developing regions
• Difficulties in recycling synthetic paper

Market Opportunities

• Expansion of synthetic paper usage in the medical sector
• Technological advancements improving synthetic paper quality
• Rising demand for premium printing solutions

Synthetic Paper Market Report Coverage

Market	Synthetic Paper Market
Synthetic Paper Market Size 2022	USD 912.4 Million
Synthetic Paper Market Forecast 2032	USD 1,810.4 Million
Synthetic Paper Market CAGR During 2023 - 2032	8.1%
Synthetic Paper Market Analysis Period	2020 - 2032
Synthetic Paper Market Base Year	2022
Synthetic Paper Market Forecast Data	2023 - 2032
Segments Covered	By Product, By Application, By End-Use, And By Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled	SIHL Group, Formosa Plastics Group, B&F Plastics, Inc., Cosmo Films Ltd., Jindal Poly Films Ltd., Granwell Products, Inc., Valéron Strength Films, Transcendia, Inc., TechNova, and Toyobo Co., Ltd.
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

Synthetic Paper Market Insights

Synthetic papers are 100% recyclable and are essentially comprised of polypropylene, polybutylene, and polyethylene. They have particular properties, for instance, being chemical, oil, tear, and resistance to moisture, and henceforth can be utilized in various applications including in graphs, charts, banners, graphic arts, wrap around labels, shrink-labels, restaurant menus, instruction manuals, etc.

Rising concern toward the use of ecological items, supporting legislative regulations and guidelines have led to the higher demand for synthetic paper rather than wood paper. Growth in urbanization has driven an expansion in the printing, naming, and bundling businesses demand coupled with the necessity for consumer goods. The above-mentioned factors are some of the key drivers of the synthetic paper advertise. The rise in the interest in the building and construction industry in developing economies is projected to fuel the global market growth over the forecast period.

Rising demand for energy-efficient and eco-friendly products is expected to drive the product demand during the forecast period. Additionally, growing demand due to recyclable and eco-friendly products along with customized product services as per applications requirement leads to the market growth over the forecast period.

On the other hand, continuous developments in the printing and packaging technologies, increasing concerns against deforestation, and high economic growth in Asia-Pacific market are some factors expected to create some potential opportunities in the near future. However, high cost than pulp paper and dependency on crude oil prices are factors projected to hamper the market growth over the synthetic paper industry forecast period.

Synthetic Paper Market Segmentation

The worldwide market for synthetic paper is split based on product, application end-use, and geography.

Synthetic Paper Market By Products

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

According to synthetic paper industry analysis, BOPP (Biaxially Oriented Polypropylene) is the largest revenue generating segment. This is because of its durability, cost-effectiveness, and excellent printability, making it ideal for a variety of applications. BOPP's resistance to water, chemicals, and other environmental factors further enhances its appeal in industries such as labeling and packaging. While HDPE and PET are also widely used, BOPP remains the dominant choice due to its versatile properties and widespread availability.

Synthetic Paper Market By Applications

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

The non-label sector emerges as the most dominant within the application. On the other hand, the label segment is predicted to create substantial revenue throughout the synthetic paper market forecast period. The increased demand for synthetic paper in labeling, notably in industries such as food and beverage, medicines, and consumer goods, has pushed this market forward. Labels created from synthetic paper are more durable and weather resistant, making them ideal for products that require long-lasting tags. Non-label applications, while considerable, lag behind in volume due to more specialized usage such as document processing and packaging.

Synthetic Paper Market By End-Uses

• Industrial
• Commercial
• Others

Within the end-use category, the industrial segment holds the largest share in the synthetic papers market. This dominance stems from synthetic paper’s extensive use in sectors such as chemical, logistics, and manufacturing, where high-performance materials are needed for durable labels and packaging. The commercial and other sectors do show promising growth, especially in retail and advertisement, but the industrial segment remains the primary driver for synthetic paper market demand.

Synthetic Paper Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Synthetic Paper Market Regional Analysis

The Asia-Pacific market is contributing major revenue share in the global synthetic papers market, due to the high consumption of synthetic paper and expected to continue its dominance over the forecast period. In addition, increasing demand for the target product from the region is owing to growing end-user industries such as chemicals, cosmetics, and food & beverage to the improved lifestyle coupled with increasing disposable income of the population in the developing economies. Furthermore, Japan is the key contributor in this region, which contributes noteworthy share of the total demand for synthetic paper market in the region.

The increase in the consumption of synthetic paper in packaging, food & beverages, pharmaceuticals, cosmetics, and printing industries has been observed in the Asia-Pacific region owing to continuous industrialization along with growth in the manufacturing sector in the region. The constant growth and innovations along with industrial partnerships are projected to ascertain a bright future for synthetic paper market in the synthetic paper market forecast period. The product demand from Europe is expected to witness a second highest CAGR on account of the increasing consumption of packaged foods attributed to the rising working population.

Synthetic Paper Market Players

Some of the top synthetic paper companies offered in our report includes SIHL Group, Formosa Plastics Group, B&F Plastics, Inc., Cosmo Films Ltd., Jindal Poly Films Ltd., Granwell Products, Inc., Valéron Strength Films, Transcendia, Inc., TechNova, and Toyobo Co., Ltd.

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