The global synthetic paper market is anticipated to grow significantly at a CAGR of 8.8% over the forecast period (2024-2031). synthetic paper has gained high popularity as a choice material in many end-use applications due to its high-performance properties, including chemical resistance, oil resistance, tear resistance, water resistance, UV resistance durability, and longer shelf life. Rising demand for synthetic papers in paper bags and end-use industries like food and beverages, pharmaceuticals, packaging, cosmetics, and chemicals is expected to boost the overall growth of the synthetic paper market. For instance
- In 2020, Arjobex SAS acquired 100% shares of the MDV Group—a niche manufacturer and coater of specialty papers and films for the print, packaging, medical, sign/display and building industries.
- In September 2020, Yupo Corporation launched “SUPERYUPO Double” (grade: FRBW) grade for oil-based offset printing suitable for double-sided printing using oil-based ink for paper. The product is fragment of the YUPO GREEN Series that is merged partially with plant-derived biomass resin, which benefits reduce CO2 emissions.
The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In January 2019, the agreement was signed between the Agfa-Gevaert Group and Fujitex Co., Ltd., a global trading company in Japan, to distribute synthetic paper under the trade name of SYNAPS. The agreement includes distributing SYNAPS XM products as Fujitex has a stronghold on the printer market.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered- by type,by application, and by end-user industry
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- are PPG Industries, Seiko Epson Corporation, Agfa-Gevaert Group, Nan Ya Plastics Corporation, Yupo Corporation, American Profol Inc., Cosmos Films, Dupont, Hop Industries Corporation, Arjobex Sas, S.b Enterprises, and others.
Synthetic Paper Market– Segmentation
By Type
- High-Density Polyethylene (HDPE)
- Biaxially Oriented Polypropylene (BOPP)
- Others (PET and PVC)
By Application
- Labelling and Tags
- Printing
- Paper Bag
- Others
By End-User Industry
- Industrial
- Institutional
- Others (Commercial and Retail)
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Synthetic Paper Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- American profol inc.
- Arjobex SAS
- Azbil Corp.
- China Leowong Industry Co. Ltd.
- Cosmo films
- Dupont Inc.
- Etec Creation Co. Ltd.
- Fspg hi-tech co. Ltd
- Haiyan Huada Ink Chemical Co. Ltd.
- Hop Industries Corp.
- MDV Papier UND Kunststoffveredelung GmbH
- Nan Ya Plastics Corp.
- Ningbo Huikai Stationary Co. Ltd.
- Relyco Sales, Inc.
- B. Enterprises
- Seiko Epson Corp.
- .Shenzhen FAXIN ZHONGXIN STICKINESS CO. LTD.
- Transilwrap Co., Inc.
- Yupo Corp.
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