Synthetic Paper Market to see Rapid Growth by 2029

 The global synthetic paper market is anticipated to grow significantly at a CAGR of 8.8% over the forecast period (2023-2029). 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 – 2022-2029
  • Base year- 2022
  • Forecast period- 2023-2029

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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