According to a new report published by AkVis Intelligence, titled, “Synthetic Paper Industry Market by Material and Application: Global Opportunity Analysis and Industry Forecast, 2024–2032,” the global Synthetic Paper Industry Market Size Was Valued at USD 718.32 Million in 2023 and is Projected to Reach USD 1391.09 Million by 2032, Growing at a CAGR of 7.62% From 2024-2032. Synthetic paper designed to mimic the properties of regular paper improves strength, water resistance, and tear resistance. Its main components are synthetic resins such as polypropylene (PP) or polyester. The production process includes punching, coating, and calendering, which give the paper its unique properties. Synthetic paper, unlike traditional paper, can withstand harsh environmental conditions, making it a suitable choice for many applications. Its strength and ability to resist water and tears make it the best choice for industries that value longevity and durability.

The growing demand for synthetic paper is mainly due to its wide range of applications in printing, packaging, and labeling. These industries benefit greatly from the material's ability to withstand harsh conditions while maintaining high quality. The packaging industry uses synthetic paper to ensure that labels and packages remain legible and undamaged even when subjected to moisture, chemicals, or rough handling. Printing also provides a reliable platform that maintains printing standards over time, even under harsh conditions.

According to the global Synthetic Paper Industry Market is segmented into Type, Application, and region. By Type, the market is categorized into Polypropylene, Polyethylene Terephthalate, and Others. By Application, the market is categorized into Labelling and Non-labelling. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

Synthetic papers are becoming the most popular material for making labels in various fields such as pharmaceuticals, food and beverages, cardboard packaging, finished papers, and consumer products. This trend is mainly due to the superior properties of synthetic papers, including strength, printability, tear-resistance, and resistance to chemicals, oil, and water. These properties make synthetic paper very reliable for marking objects that have been subjected to rough handling or harsh conditions. For example, in the pharmaceutical industry, labels must withstand exposure to moisture and chemicals without fading, so synthetic paper is an ideal choice. In the food and beverage industry, the oil and water resistance of synthetic papers ensures that labels remain intact and legible in difficult conditions. The growing use of synthetic papers in label applications is largely due to their flexibility and durability, which enables them to meet the demanding standards of various industries.

The world paper industry, which produces about 400 million tons per year, is mainly dominated by pulp or wood-based paper. The main reason for this amount is the profitability of the primary raw material, wood. However, the use of wood in paper production causes significant environmental impacts, such as deforestation and other disruptions to ecosystems. Cutting down wood for paper production consumes forest resources, leading to a loss of biodiversity and worsening climate change by releasing more carbon dioxide emissions. These environmental problems have caused concern and prompted the search for more environmentally friendly alternatives in the paper industry. Synthetic paper is an environmentally friendly alternative that helps save the environment by reducing the use of natural resources.

Global Synthetic Paper Industry Market, Segmentation

The Synthetic Paper Industry market is segmented based on Material, application, and region.

Material:

The Material segment is further classified into Polypropylene, Polyethylene Terephthalate, and Others. Among these, the polypropylene sub-segment accounted for the highest market share in 2023. The synthetic paper industry is growing rapidly, and the polypropylene sector is expected to dominate the market. This superiority is due to several factors such as the availability and affordability of polypropylene compared to other materials. Its excellent properties, including longevity, moisture and chemical resistance, and adaptability, make it the preferred choice for many applications. The increasing growth of the packaging sector, which is highly dependent on polypropylene for the production of labels, wrappers, and boxes, will further increase its need. Synthetic polypropylene paper is a popular choice for companies looking for affordable, high-quality materials to enhance their packaging solutions. Its ecological advantages, such as recyclability and reduced dependence on natural resources, are in line with the growing global focus on sustainable practices, making it more attractive to producers.

Application:

The application segment is further classified into the Labelling and Non-labelling. Among these, the labeling sub-segment is anticipated to show the fastest growth by 2032. The label application industry has emerged as the leading industry in the market due to the significant use of adhesive labels in various industries. The increased need for labels is largely due to their flexibility and importance in various sectors, especially healthcare and packaging. Labels play a key role in these areas, providing important details, increasing brand awareness, and ensuring regulatory compliance. The increasing demand for artificial labels and stickers continues to support the growth of the industry. These man-made alternatives are preferred for their exceptional longevity and resistance to harsh outdoor and chemical conditions, allowing them to be used in a wide range of situations. Sectors such as healthcare see these features as a major advantage, as strong labels ensure the durability and reliability of important information about medical supplies and equipment. Similarly, the packaging industry relies on strong labeling solutions to maintain product integrity and consumer trust.

Region:

The Synthetic Paper Industry market in Asia-Pacific is projected to show the fastest growth by 2032s. The increase in plastic production is mainly due to the strong production infrastructure of China, India, South Korea, and Japan. Thanks to various competitive advantages, these countries have established themselves as world leaders in the plastics industry. For example, China and India have developed manufacturing infrastructure that supports mass production. On the other hand, South Korea and Japan are known for their high-tech know-how and creative production methods that improve the efficiency and quality of plastic production. The global supply chain benefits from the strategic location of these countries, which improves their ability to adapt to market needs and offer competitive prices for raw materials. Market growth is fueled by available raw materials and reduced labor costs. These countries can easily obtain abundant raw materials, such as petrochemicals, needed to make plastics, ensuring a constant supply and reducing dependence on imported goods.

Some of The Leading/Active Market Players Are-

• PPG Industries (U.S.)
• Yupo Corporation (Japan)
• DuPont (U.S.)
• Seiko Epson Corporation (Japan)
• AGFA-Gevaert N.V. Corporation (Belgium)
• Cosmo Films (India)
• American Profol Inc. (U.S.)
• Mobil Chemical Films Div. (U.S.)
• Granwell Products (U.S.)
• Formosa Plastics (Taiwan)
• HOP Industries Corp (U.S.)
• Toyobo Co. Ltd. (Japan), and Other Active Players

Key Industry Developments

• In May 2023, DuPont announced that it was expanding its production capacity for Tyvek synthetic paper. This expansion is expected to meet the growing demand for Tyvek in the packaging and labeling markets.
• In June 2023, Huhtamaki announced that it was launching a new line of synthetic paper cups. These cups are made from a plant-based material and are designed to be compostable.

Key Findings of the Study 

• The global synthetic paper industry market is projected to grow from USD 718.32 million in 2023 to USD 1391.09 million by 2032, at a CAGR of 7.62%, driven by the material's superior strength, water resistance, and tear resistance.
• Polypropylene dominates the synthetic paper market due to its availability, affordability, and excellent properties such as longevity and chemical resistance. Its recyclability and reduced reliance on natural resources align with the increasing global emphasis on sustainability.
• The labeling application segment is expected to grow the fastest by 2032, driven by the significant use of synthetic paper labels in the healthcare and packaging industries. Synthetic paper's durability and resistance to harsh conditions ensure labels remain intact and legible.
• Asia-Pacific is projected to experience the fastest growth in the synthetic paper market by 2032, due to the strong production infrastructure in China, India, South Korea, and Japan. These countries' competitive advantages in manufacturing, technological expertise, and access to raw materials contribute to their leadership in the global plastics industry.