Synthetic Paper Market Is Likely to Experience a Tremendous Growth by 2031

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.

•S.B. Enterprises

•Seiko Epson Corp.

•.Shenzhen FAXIN ZHONGXIN STICKINESS CO. LTD.

•Transilwrap Co., Inc.

•Yupo Corp.

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