Synthetic Paper Market Size To Reach $2.05 Billion By 2033

Synthetic Paper Market Growth & Trends

The global synthetic paper market size is expected to reach USD 2.05 billion by 2033, registering a CAGR of 6.2% from 2025 to 2033, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2023 to 2030. Increasing awareness about climate change and the growing shift towards eco-friendly and recyclable packaging materials are expected to drive market growth.

The major drivers of the market growth are the global increasing demand for paper and the efforts made to decrease the dependency on plant-based paper. Its sustainable production and recyclable nature are expected to notably drive the demand for synthetic paper materials in the coming years.

The Covid-19 pandemic had disrupted the global supply chain thus severely impacting the end-use industries for the product in 2020. However, the post-pandemic era has brought in bright prospects due to a boost in the economies, which are expected to accelerate the market.

The synthetic resin, which acts as raw material for synthetic paper happens to be crude oil’s refined product. With fluctuating prices of crude oil, the demand for synthetic paper is bound to be hampered directly. Also, looking at the current geopolitical scenario, the crude oil prices seem to remain high for quite a long period, ultimately affecting the market.

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Synthetic Paper Market Report Highlights

• BOPP products dominated the industry, accounting for a revenue share of 57.14% in 2024. HDPE-based synthetic papers, majorly used in the packaging of powder, cheese, frozen food, and electronic parts, are expected to be the fastest-growing product segment over the forecast period, growing at over 6.8% from 2025 to 2033.

• The non-labelling application segment led the market, accounting for around 60% of the global revenue in 2024. The label application segment is expected to witness the fastest growth over the forecast period, at a CAGR of 6.6%.

• Asia Pacific synthetic paper market held the largest share of 36.87% in terms of revenue in 2024 and is expected to grow at the fastest CAGR of 7.1% over the forecast period. The synthetic paper market in China is projected to grow significantly, fueled by strong demand in packaging, retail, and industrial sectors.

Synthetic Paper Market Segmentation

Grand View Research has segmented global synthetic paper market report on the basis of product, application, and region:

Synthetic Paper Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2021 - 2033)

• BOPP

• HDPE

• PET

• Others

Synthetic Paper Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2021 - 2033)

• Label

  • Hand tags

  • Medical tags

  • Others

• Non-label

  • Packaging

  • Documents

  • Others

Synthetic Paper Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • UK

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • Thailand

  • Singapore

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

List of Key Players of Synthetic Paper Market

• Formosa Plastics Group

• SIHL Group

• B&F Plastics, Inc.

• Jindal Poly Films Ltd.

• Cosmo Films Ltd.

• Granwell Products, Inc.

• Transcendia, Inc.

• Valéron Strength Films

• Toyobo Co., Ltd.

• TechNova