Global Synthetic Paper Market Size, Share, Opportunities, And Trends By Manufacturing Process (Fiber Synthetic Paper, Film Synthetic Paper), By End-User Industry (Pharmaceuticals, Cosmetic, Food & Beverage, Others), And By Geography - Forecasts From 2024 To 2029

Synthetic Paper Market Size:

The global synthetic paper market is estimated to grow at a CAGR of 9.82%, reaching US$851.490 million in 2029 from US$441.600 million in 2022.

The synthetic paper has many applications in printed and laminated materials, tags, and labels, laminated cards and key tags, secure credentials and identity cards, e-passports, certificates, and others. Its market is expected to grow at a decent rate in the next five years owing to the increasing demand for synthetic papers used for the identification and marketing of different products. The high adoption rate of printed synthetic papers for labeling in the beverage industry, a rising trend in online shopping, and the packaging industry will boost the market’s growth in the coming years.

The market is divided into two segments based on manufacturing process type: film synthetic paper (which includes internal paper manufacturing methods, surface coating methods, and surface treatment methods) and fiber synthetic paper (which includes synthetic pulp paper, spun-bond paper, and film laminated synthetic paper).

Synthetic Paper Market Growth Drivers:

• Enhancement of spending in sectors such as the pharmaceutical and healthcare industry leads to the rising demand for synthetic paper during the forecast period, particularly the healthcare sector. For example, the World Bank Group indicates that total healthcare spend was 10. 35% of the GDP in 2021. At the same time, efforts to enhance the quality of data about patients and their identification and reduce the incidence of errors on wristbands with the patient’s identifier have been increasing. Moreover, current hospitals and other medical organizations focus more on rationalizing employees’ work. The capacity of wristbands to enhance the precise recording of patient databases and streamline daily operations in healthcare facilities favors the uptake of wristbands. Consequently, it generates optimum returns for synthetic paper providers.

The European region has witnessed a slight increase in the epidemiology of infectious diseases over the last couple of years. Bed numbers have similarly decreased in other nations. However, the UK has fewer hospital beds than France or Germany: 2.43 per 1,000 people vs 5.73 and 7.82, respectively. Fewer numbers of beds often suggest good quality of care to the patients since they get treated and discharged soon and optimal utilization of resources. Yet, inadequate beds could lead to high bed utilization ratios. Hence, an increased frequency of hospitalization and the accompanying healthcare needs contribute to the increased popularity of wristbands in the sphere.

• Product innovation is a major driver in the synthetic paper market. Technological improvements, such as in materials, design, and production, result in more efficient and cost-effective products. These advances broaden the market by making synthetic paper applicable to a wider range of applications and industries.

For example, YUPO Synthetic Paper is an eco-friendly product that can be recycled. Its attributes fit numerous marketing, communication, designing, packaging, and labelling uses. Cosmo Synthetic Paper is also another such example. It is a type of paper that mimics normal paper and has numerous advantages with the look and feel of normal paper. It is a co-extruded, white opaque, polypropylene-based film that looks like paper but has the added benefits of strength, durability, and water resistance.

Synthetic Paper Market Segmentation Analysis:

• By end-user industry, the cosmetic industry is anticipated to be one of the fastest-growing segments in the market.

The global cosmetic packaging industry is expected to grow during the forecast period due to the thriving cosmetics industry. The growth in the adoption of cosmetic products is mainly attributed to the increasing interest in cosmetics among many young women worldwide. According to a new United Nations report, two out of every three people will likely live in cities or other urban centers by 2050, emphasizing the need for more sustainable urban planning and public services.

The migration of people from rural areas to urban areas has increased disposable income, which in turn has also led to the adoption of modern living conditions. As a result, this has positively impacted cosmetic consumption levels, creating a market demand for cosmetic packaging in the forecast period and the coming years. Furthermore, with rapid urbanization, people can obtain a better education and are paid well. This has further led to people paying attention to their health, personal hygiene, and appearance, fueling the global cosmetic packaging market and, in turn, the synthetic paper market during the forecast period.

Synthetic Paper Market Geographical Outlook:

• Asia Pacific’s synthetic paper market is anticipated to grow significantly.

Over the years, food packaging in the Asia Pacific region has undergone various revolutionary changes in shape, end-user, and material. Increasing disposable income and rising household spending in developing economies like China, India, and Brazil are expected to drive the market's growth during the forecast period. For each capita consumption expenditure of food, tobacco, and alcohol in the country in 2022, the amount was 7,481 yuan, an increase of 4.2% and contributing to 30.5% of total consumption expenditure.  Moreover, the increase in the disposable income of consumers and the growing health awareness among them has led to extending the use of nutritious food packed by advanced forms of packaging technology.  

Expanding the pharmaceutical industry and increasing the manufacturing of medicines in China owing to the rise in diseases is expected to drive the market's growth during the forecast period. In addition, growth in the manufacturing and food industry is anticipated to boost the adoption of synthetic paper for packaging. This is due to its characteristics, such as product integrity and extended shelf life, which are beneficial in various industries. As of 2023, the manufacturing industry accounted for 17% of GDP and employed more than 27.3 million people in India. The government intends to boost manufacturing's proportion in the GDP to 25% by 2025.

Furthermore, the rising number of supermarkets in the country also supports the growing demand for packed food products, which, in turn, is driving the market demand. Adding to it, the Food and Drug Administration (FDA) has recently passed a regulation requiring all the prescribed pharmaceuticals dispensed in hospitals and nursing homes to be packaged in the unit dose format with barcodes to reduce dispensing errors, which is expected to significantly benefit the synthetic paper market in the region. 

Synthetic Paper Market Key Developments:

• In November 2023, Wausau Coated Products Inc., a major developer of adhesive-based labels, launched 84# Cotton Courtyard Felt Roll Label Stock.

In January 2023, LINTEC revealed that it created a permanent general-purpose hot-melt adhesive, used in a new label stock series called HVT. The business further introduced three new goods utilizing this innovative adhesive: two synthetic paper-based and one water-resistant paper-based livestock product.

Synthetic Paper Market Scope:

Report Metric	Details
Synthetic Paper Market Size in 2022	US$441.600 million
Synthetic Paper Market Size in 2029	US$851.490 million
Growth Rate	CAGR of 9.82%
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2024
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Million
Segmentation	Manufacturing Process End-User Industry Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Synthetic Paper Market	Yupo Corporation ARJOBEX SAS DuPont Seiko Epson Corporation Agfa-Gevaert Group
Customization Scope	Free report customization with purchase

 

The global synthetic paper market is segmented and analyzed as follows:

• By Manufacturing Process
  • Fiber Synthetic Paper
  • Film Synthetic Paper
• By End-User Industry
  • Pharmaceutical
  • Cosmetic
  • Food & Beverage
  • Others
• By Geography
  • North America
  • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Rest of the Middle East and Africa
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Rest of Asia-Pacific

Our Best-Performing Industry Reports:

• Bioceramics Market
• Formulation Additives Market
• Saturated Kraft Paper Market

---

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.1.1. Increasing Demand in Various End-User Industries

4.1.2. Growing E-commerce and Logistics

4.2. Market Restraints

4.2.1. High Production Costs

4.2.2. Environmental Concerns

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GLOBAL SYNTHETIC PAPER MARKET BY MANUFACTURING PROCESS

5.1. Introduction

5.2. Fiber Synthetic Paper

5.3. Film Synthetic Paper

6. GLOBAL SYNTHETIC PAPER MARKET BY END-USER INDUSTRY

6.1. Introduction

6.2. Pharmaceutical

6.3. Cosmetic

6.4. Food & Beverage

6.5. Others

7. GLOBAL SYNTHETIC PAPER MARKET BY GEOGRAPHY

7.1. Global Overview

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Rest of South America

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Spain

7.4.6. Rest of Europe

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. United Arab Emirates

7.5.3. Rest of the Middle East and Africa

7.6. Asia-Pacific

7.6.1. China

7.6.2. India

7.6.3. Japan

7.6.4. South Korea

7.6.5. Taiwan

7.6.6. Thailand

7.6.7. Indonesia

7.6.8. Rest of Asia-Pacific

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Yupo Corporation

9.2. ARJOBEX SAS

9.3. DuPont

9.4. Seiko Epson Corporation

9.5. Agfa-Gevaert Group

9.6. Relyco Sales, Inc.

9.7. Hop Industries Corporation

9.8. Cosmo Films Ltd.

9.9. Elastin International Corporation

9.10. Formosa Plastics Group

Yupo Corporation

ARJOBEX SAS

DuPont

Seiko Epson Corporation

Agfa-Gevaert Group

Relyco Sales, Inc.

Hop Industries Corporation

Cosmo Films Ltd.

Elastin International Corporation

Formosa Plastics Group