The global synthetic paper market size was USD 519.9 Million in 2020 and is expected to register a revenue CAGR of 8.8% during the forecast period. Increasing use of synthetic paper in various end-use industries such as packaging, pharmaceuticals, cosmetics and personal care products, and manufacturing is expected to drive market revenue growth during the forecast period. Properties of synthetic paper such as excellent durability, water-proof, oil resistance, chemical resistance, as well as tear resistance is boosting demand for the product across various end-use industries. Synthetic papers are mainly made with synthetic polymers and deliver additional properties.
Manufacturers are investing in research development activities for production of synthetic paper in multiple grades and gauge thickness under different names and brands. Characteristics of different types of synthetic paper are based on print technology and intended application uses. Most of these manufacturers are designing synthetic paper with novel properties such as food contact, biodegradability, security, and extended thermal exposure for various applications. PPG TESLIN synthetic paper by PPG Industries Inc. is a single-layer and polyolefin-based material, which is a unique substrate category among synthetic papers. Other synthetic papers can be composed of thermoplastic materials, including HDPE, PP, vinyl, or other options, and these are often coated.
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Top Players in the Global Synthetic Paper Market:
PPG Industries, Inc., Seiko Epson Corporation, Agfa-Gevaert N.V., Yupo Corporation, NAN YA PLASTICS CORPORATION, Polyart (Arjobex), Profol Americas, Inc., Cosmo Films Limited, Neenah Inc., and Toyobo Co., Ltd.
Various industries such as retail, food and beverages, medical, and pharmaceuticals are increasingly using synthetic paper due to its beneficial properties and usage in various applications such as printing, packaging, and labelling. Requirement of products with enhanced durability and longevity is boosting demand for synthetic paper, instead of conventional paper. There has been an increasing usage of synthetic paper in the packaging industry, owing to its greater durability, strength, versatility, and functionality, compared to conventional paper. Resistance to chemicals and solvents, even at elevated temperatures offered by synthetic paper is resulting in its increasing usage in chemical packaging and heavy-industrial applications. Some major performance properties of this type of paper such as water-proof, durability, oil resistance, chemical resistance, tear resistance, as well as superior printability is resulting in high popularity of synthetic paper as ideal choice of material in the packaging industry. There is an increasing need for packaging and labeling, owing to expansion of industrial and retail sectors, which is further leading to high demand for synthetic paper.
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Market segmentation based on Product Type Outlook:
- Biaxially Oriented Polypropylene (BOPP) Films
- High Density Polythene (HDPE)
- Polyvinyl Chloride (PVC)
- Paper Bag Making
Manufacturing Process Outlook:
- Film Synthetic Paper
- Film laminate
- Cosmetics and Personal Care
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Frequently Asked Questions Answered in the Report:
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