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Synthetic paper is an eco-friendly substitute to a conventional paper whose manufacturing does not involve the emission of toxic gases, including carbon dioxide, making it an environmentally sustainable product. Synthetic paper is manufactured by employing synthetic resin derived from petroleum as the main material. The appreance of synthetic paper is similar to that of paper produced from wood pulp. Synthetic papers are engineered to be durable, like plastic. A significant benefit of synthetic paper is resistance to yellowing and far longer shelf life. Synthetic paper is used in chemical resistant drum labels due to its strength coupled with inbuilt resistance to the elements. The use of synthetic paper is widespread for outdoor tag uses for nursery, lumber tags, and miscellaneous horticultural products.
Key Market Driver -
The increasing application of the synthetic paper in different industries is the key factor that is driving the market.
Key Market Restraint -
The regulatory changes on the use of synthetic paper to hamper the market growth.
The market for synthetic paper is increasing due to its demand in printing and the finishing applications which require qualities such as high-temperature resistance, strength, grease, chemical resistance, durability, and moisture resistance. BOPP synthetic paper have wide range of applications due to its properties such as have high performance and stability in extreme conditions. The synthetic paper market is also driven by the utilization in the manufacturing of the children’s books, food label, and the food packaging industry. The increasing application of synthetic paper in different industries including Packaging, Transportation, Pharmaceuticals, Cosmetic and personal care and Manufacturing industries is the key factor that is driving the market.
However, presence of stringent regulations regarding the use of synthetic paper to save the environment can hinder the growth of this market.
Based on the type, the market of synthetic paper is segmented into biaxially oriented polypropylene films (BOPP), high-density polythene (HDPE), polyvinyl chloride (PVC). Based on the application, the market is segmented into labelling, printing, paper bag making and others. Based on the end-use industry, the market is segmented into packaging, transportation, pharmaceuticals, cosmetic and personal care, manufacturing industries and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global synthetic paper market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the synthetic paper material market includes HOP Industries Corporation, Transilwrap Company, Inc., Neenah Inc., Cosmo Films, Agfa-Gevaert N.V. , Yupo Corporation, Toyobo Co., Ltd., Arjobex SAS, Nan Ya Plastics Corporation, American Profol and others.
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The global market for synthetic paper is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia-Pacific region holds the largest share for synthetic paper as it is one of the major consumers of synthetic paper. The demand for synthetic paper is expected to rise in This is due to the increase in the usage of synthetic paper in the food & beverage industries in the region. Demand from the industries such as food and beverages and cosmetics will result in the growth in Asia pacific regions Continuous industrialization and innovation in paper technology, and awareness regarding the printability of synthetic paper is leading to the increasing consumption of synthetic paper in north America. The utilization of the synthetic paper in the offset and xerography is contributing to the increase in demand in the Middle East and Africa. Improving lifestyles of populations, rising environmental concerns, and high demand for printing applications in the countries of Latin America are fuelling the growth of the synthetic paper market.
By End-Use Industries
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