Synthetic Paper Market Size, Share & Trends Report

Synthetic Paper Market Size, Share & Trends Analysis By Product (BOPP, HDPE, PET), By Application (Label, Non-Label), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2019 - 2025

  • Published Date: Feb, 2019
  • Base Year for Estimate: 2017
  • Report ID: 978-1-68038-258-7
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 146

Industry Insights

The global synthetic paper market size was estimated at USD 802.1 million in 2017 and is expected to register a CAGR of 7.1% over the forecast period. Increasing product penetration in the packaging and label industry owing to its properties such as exceptional printability, predictable convertibility, and a smooth surface for improved production is expected to boost market growth.

Synthetic paper is a suitable printing medium for indoor advertisements, posters, banners, and other kinds of photo printing. The special layer of coating on the paper makes the image more colorful and attractive as well as exhibits resistance against chemicals, grease, folding, and heat. This, in turn, increases its application in the development of toxic-free thermoforming products for food packaging.

U.S. synthetic paper market

The product is used as an alternative to PVC films on account of its environmental benefits such as recyclability and limited carbon dioxide emissions during the manufacturing process. Furthermore, multi-wall paper bags and pouches are being converted to plastic-paper sacks, thereby complementing market growth over the forecast period.

Traditionally, sheet wraps around stick labels were made of lithographically printed art paper laminated with BOPP protective film. However, they failed to provide overall waterproof function, and the cost was higher in comparison to synthetic paper. The product is replacing traditional material owing to its better printing ability, quality, and waterproof properties, thereby increasing its penetration in label and beverage packaging applications.

Synthetic papers offer different functionalities in various industries including cosmetics, food and beverages, and pharmaceuticals for printing and packaging and labeling. The products have high durability, water-proof and chemical, tear, and oil resistant. Furthermore, the outstanding printability of the products has resulted in increased penetration of the product in various end-user industries, thereby driving its demand over the projected period.

Digital printing is expected to pave the way for new opportunities for the product over the forecast period. However, lack of awareness regarding the use of the product in pressrooms is expected to restrain its market growth. In addition, the low-cost is likely to hinder the development of high-cost synthetic paper over the forecast period.

Product Insights

The rising demand for eco-friendly packaging in consumer products, pharmaceutical, food and beverage and industries owing to rising concerns for reducing greenhouse emissions on a domestic level is anticipated to drive the growth of biobased Polyethylene Terephthalate (PET). Moreover, PET-based film coatings are articulated to produce monochrome copies and accurate color from a wide range of standard office copying equipment, thereby boosting its demand.

Polyester-based product is used in outdoor graphics and various niche applications owing to the high heat resistance of polyester as compared to other thermoplastics. Polyester is a high-performance and versatile material offering good electrical insulation, heat and chemical resistance, consistent surface finish, high flexing and tear strength, and low water absorption.

The product is an opaque plastic film that is both printable and writeable, which was developed as an alternative to cellulose fiber. Polystyrene-based synthetic papers are low-cost, brittle, easy to tear, and have a rough surface, which is a major drawback restricting the growth of the application.

The superior properties exhibited by Biaxially Oriented Polypropylene (BOPP) have resulted in its extensive use in the packaging of chemicals, textile, cosmetics, and food and beverages. The growth of the aforementioned application industries in the emerging economies such as India and China is expected to result in high demand for BOPP film in Asia Pacific over the forecast period.

Application Insights

The product is widely used in non-label applications as it meets all the environmental requirements and does not cause pollution on account of their ability of not producing any toxic gases during the incineration process. Furthermore, increased use of the product in making maps, banners, charts, and graphics owing to its long lifespan is projected to drive the non-label application segment.

The product is used consistently to produce menus that exceed the expectations of a restaurant and bar owner, thereby driving the demand over the forecast period. However, the process of making menus waterproof by using encapsulated lamination leads to the creation of a product that is less durable and more expensive than synthetic paper.

Global synthetic paper market

The product is increasingly used in various applications such as lifeguarding manuals, boating books, gardening books, emergency preparedness guides, children's books and especially bathtub books owing to its waterproofing characteristics. This coupled with the recyclability and environment friendliness nature has opened widespread opportunities for the product in non-label applications.

Labels are widely used in household goods such as laundry detergent and liquid soap as well as invitation and visiting cards. The increasing demand for flexible packaging is expected to drive the growth of the label application segment in the synthetic paper market. A number of consumers prefer purchasing packaged food and beverages, thereby augmenting the demand for labels and driving market growth.

Regional Insights

Asia Pacific is estimated to account for 30.3% of the global market share by 2025, on account of the rising urbanization, growth in cost per package, sustainability, and the improving consumer lifestyle in emerging economies of China and India. In addition, increased utilization of the product for labeling is anticipated to augment its penetration in the growing food packaging industry in the region.

The growing food packaging industry in Middle East and Africa is expected to augment the market growth over the forecast period. The abundant crude oil reserves in the region ensure ample availability of raw materials for the product, thereby providing a bigger platform to the manufacturers such as Yupo Corporation and PPG Industries.

The low prices of the product in Central and South America as compared to other regions has triggered the regional demand. Furthermore, advertising on outdoor panels, public transports, and taxis in Brazil is expected to drive the market growth. High import duty of cellulosic paper is projected to boost the demand for synthetic paper in the region.

The U.S. FDA has permitted the use of RFID labels in the packaging of pharmaceutical products, which, in turn, is expected to augment the market growth. Wrap-around labels are used widely in beverage packaging such as functional drinks and fruit juices which is expected to drive the growth of the label industry in North America, thus positively affecting market growth.

Synthetic Paper Market Share Insights

The key market players include Yupo Corporation; Arjobex SAS; Agfa-Gevaert Group; PPG Industries, Inc.; and Nan Ya Plastics Corporation. The presence of a limited number of global players has triggered market competition.  The companies are expected to focus on product differentiation over the forecast period. They are investing in the creation and expansion of future-oriented product families, based on its know-how related to synthetic paper formulation, coating, and chemicals. For instance, in August 2017, Neenah Paper launched Kimdura DualTech synthetic paper in its portfolio of labels for harsh environments, which is estimated to go into applications such as labels and tags for drum chemicals, hazard communications, health care, and industrial.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Volume in Tons, Revenue in USD Million and CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Canada, Mexico, Germany, U.K., France, Italy, China, India, Japan, Taiwan, Australia, Brazil

Report coverage

Volume forecast, revenue forecast, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global synthetic paper market report on the basis of product, application, and region:

  • Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • Biaxially Oriented Polypropylene

    • High-Density Polyethylene

    • Polyethylene Terephthalate

    • Others

  • Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • Label

    • Non-Label

  • Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

    • Asia Pacific

      • China

      • India

      • Japan

      • Taiwan

      • Australia

    • Central & South America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
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