Synthetic Paper Market is predicted to reach USD 1.8 Billion at a CAGR of 9.50% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Synthetic Paper market industry” that contains information from 2018 to 2032. The Synthetic Paper market industry is estimated to register a CAGR of 9.50% during the forecast period of 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Synthetic Paper Market” that contains information from 2022 to 2032. The Global Synthetic Paper Market is estimated to register a CAGR of 9.50% during the forecast period of 2022 to 2032.

MRFR recognizes the following companies as the key players in the Global 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., and TechNova.

Market Highlights

The Global Synthetic Paper Market is accounted to register a CAGR of 9.50% during the forecast period and is estimated to reach USD 1.8 Billion by 2032.

The Synthetic Paper Market refers to the global market for synthetic or artificial paper, which is a type of paper-like material produced using synthetic resins and fibers. Synthetic paper is a versatile alternative to traditional paper made from wood pulp or other natural sources. It offers several advantages, such as enhanced durability, water resistance, tear resistance, chemical resistance, and excellent printability. The global synthetic paper market has witnessed steady growth due to its numerous advantages over traditional paper and the increasing demand for eco-friendly and sustainable materials. The market is driven by factors such as the growing preference for durable and weather-resistant materials, the rise in packaging and labeling applications, and the adoption of synthetic paper in industries like retail, cosmetics, and pharmaceuticals.

Segment Analysis

The Global Synthetic Paper Market has been segmented based on Product, and Application

Based on Product, the market is segmented into BOPP, HDPE, PET, and Others. In 2022, the BOPP segment held the largest market share. This can be attributed to the material's excellent strength-to-flexibility ratio, making it an ideal choice for packaging perishable goods like fast food, snacks, vegetables, fruits, and sweets. BOPP's outstanding characteristics make it widely used in packaging applications across various industries, including chemicals, textiles, cosmetics, food, and beverages.

Based on Application, the Market has been segmented Label and Non-Label. In 2022, the non-label segment accounted for the largest market share. Synthetic paper proves to be an excellent material for non-labeling applications, particularly in packing, due to its exceptional durability and tensile strength, making it capable of securely holding large objects. Moreover, its high resistance to moisture and intense heat further contribute to its growing popularity in the packaging application market.

Regional Analysis

The Global Synthetic Paper Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Synthetic Paper Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Synthetic Paper Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Synthetic Paper Market comprises of Middle East, Africa, and Latin America.

In 2022, the Asia Pacific Synthetic Paper market took the lead, commanding a substantial share of 45.80% in the global market. The region's strong dominance can be attributed to the surging demand in the printing and packaging industries, as well as the pharmaceutical sector. The market for synthetic paper in the Asia-Pacific region was estimated to be worth around USD 389.2 million in 2022.

The North America Synthetic Paper Market is projected to experience the fastest growth from 2023 to 2032. One of the factors contributing to this growth is the increasing prevalence of wrap-around labels in beverage packaging. This trend is expanding beyond bottled water to include fruit juices and functional drinks, driving the label business in North America and benefiting the synthetic paper market.

In Europe, the Synthetic Paper market commands a significant market share. The demand for synthetic paper in the U.K. is predicted to develop rapidly, particularly in the food & beverage and pet food labeling industries. Many businesses, including Harrier Packaging, utilize synthetic paper for the packaging of pet food.

Key Findings of the Study

• The Global Synthetic Paper Market is expected to reach USD 1.8 Billion by 2032, at a CAGR of 9.50% during the forecast period.


• The growth of the Asia-Pacific Synthetic Paper market is driven by factors like rising disposable income and an improvement in the standard of living among the working-class population in developing nations such as China and India.


• Based on Product, the Market has been segmented into BOPP holding the largest market in 2022.


• 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., and TechNova.