Synthetic Paper Market Size Worth $1.66 Billion By 2030

Synthetic Paper Industry Overview

The global synthetic paper market size is expected to reach USD 1.66 billion by 2030, as per a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 5.6% from 2023 to 2030. Increasing awareness about climate change and the growing shift towards eco-friendly and recyclable packaging materials are expected to drive market growth.

The major drivers of the market growth are the global increasing demand for paper and the efforts made to decrease the dependency on plant-based paper. Its sustainable production and recyclable nature are expected to notably drive the demand for synthetic paper materials in the coming years.

Gather more insights about the market drivers, restrains and growth of the Synthetic Paper Market

The Covid-19 pandemic had disrupted the global supply chain thus severely impacting the end-use industries for the product in 2020. However, the post-pandemic era has brought in bright prospects due to a boost in the economies, which are expected to accelerate the market.

The synthetic resin, which acts as raw material for synthetic paper happens to be crude oil’s refined product. With fluctuating prices of crude oil, the demand for synthetic paper is bound to be hampered directly. Also, looking at the current geopolitical scenario, the crude oil prices seem to remain high for quite a long period, ultimately affecting the market.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

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Synthetic Paper Market Segmentation

Grand View Research has segmented the global synthetic paper market on the basis of product, application, and region:

Synthetic Paper Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• BOPP
• HDPE
• PET
• Others

Synthetic Paper Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• Label
  • Hand Tags
  • Medical Tags
  • Others
• Non-Label
  • Packaging
  • Documents
  • Others

Synthetic Paper Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Taiwan
  • Australia
• Central & South America
• Middle East & Africa

Key Companies profiled:

• 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.s
• TechNova

Order a free sample PDF of the Synthetic Paper Market Intelligence Study, published by Grand View Research.