The “Synthetic Paper Market by Raw Material (BOPP, HDPE, PET, and PVC), Application (Printing, Labels & Tags, Packaging), End-use Industry (Industrial, Institutional, and Commercial/Retail) and Geography – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global paper market size is estimated at USD 766 million in 2021 and is projected to reach USD 1,286 million by 2027, at a CAGR of 9.2%, between 2022 and 2027.
Growth in the paper market can primarily be attributed to the growing involvement of synthetic paper in the industries such as pharmaceuticals, transportation and food & beverage among others.
Synthetic paper is manufactured with synthetic resins derived from petroleum (primary material). Resin selection plays a major role in the attributes exhibited by different synthetic papers.
It is preferred over conventional paper due to its excellent chemical, tear, oil, and moisture resistance, printability, heat sealability, durability, and high strength.
Synthetic paper is usually made up of BOPP, HDPE, and others (polystyrene, polyamide, polyethylene, and polyvinyl chloride) and are used by various end-use industries, such as food & beverages, cosmetics, transportation, pharmaceuticals, chemical, and advertising.
BOPP is the largest raw material segment of the synthetic paper market
Based on raw materials, the paper market includes BOPP, HDPE, PET, and PVC. The BOPP raw material segment led the application segment of the market in terms of both value and volume.
BOPP is extensively used in applications that require heat stabilities, water and fatigue resistance, high tensile strength, and ease of printing. Due to the ability to be manufactured into a thin transparent substrate, BOPP can be used for labels and printing applications.
BOPP can be environmentally friendly and low in toxicity, making this synthetic paper used to pack food items and beverages.
Printing is the largest application segment of the synthetic paper market
Based on applications, the paper market is divides into printing, labels & tags, packaging, and others. Printing is the largest application of paper.
It has micropores on the surface, enabling better affinity for ink holding and providing a high-quality finish. Its properties such as durability, tear resistance, water resistance, scratch resistance, and abrasion resistance make it an important substrate against conventional papers.
The paper has a lower static surface, which prevents double feeding and eases the printing process, making synthetic papers suitable with various printers for several printing applications.
These printing applications include menus, personalized marketing materials, point of purchase displays, wrist bands, cards/envelopes, tickets/passes, and labels for various end-use industries.
Industrial is the largest end-use industry segment of the paper market
Based on end-use industry, the synthetic paper market is divides into industrial, institutional, and commercial/retail. The industrial end-use industry segment is the largest end-user of paper.
Synthetic paper is used in industrial product identification tags, Industrial labels. Outdoor applications for synthetic paper include billboards, horticulture ID tags, and bus shelter displays.
It is resistant to moisture and chemicals and maintains print color consistency in the face of UV exposure and various weather conditions.
Furthermore, the non-tearable paper has superior strength and excellent printability with various printing techniques.
Asia Pacific is the largest market for synthetic paper market
