Synthetic Paper Market | Key players operating in the market include PPG Industries, Inc., Seiko Epson Corporation, Agfa-Gevaert Group, Yupo Corporation, Arjobex SAS

According to recent market research "Synthetic Paper Market By Raw Material (BOPP, HDPE), Application (Printing, Paper Bags, Labels), End-use Industry (Paper, Packaging), and Region (APAC, Europe, North America, Middle East & Africa, South America) - Global Forecast To 2025", The global synthetic paper market size is projected to grow from USD 526 million in 2020 to USD 819 million by 2025, at a CAGR of 9.2% between 2020 and 2025.

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Synthetic paper is manufactured by using synthetic resins which are derived from petroleum (primary material). Synthetic paper is preferred over conventional paper due to its excellent chemical & tear resistance, oil & moisture resistance, printability, heat sealability, durability, and high strength. These papers are used by various end-use industries, such as food & beverages, cosmetics, transportation, pharmaceuticals, chemical, and advertising.
Synthetic paper is usually made up of BOPP, HDPE, and others which include polystyrene, polyamide, polyethylene, and polyvinyl chloride, among others. Resin selection plays major role in the attributes exhibited by different synthetic papers.

BOPP is thermoplastic polymer, widely used for synthetic paper because of its versatility and availability. This material is extremely used in applications which requires heat stabilities, water resistance, fatigue resistance, high tensile strength and ease of printing. Due to the ability of being manufacture into thin transparent substrate, BOPP can be used for the application such as labels and printing applications. BOPP can be environment friendly and low in toxicity which makes these synthetic paper to be used for packaging of food items and beverages.

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The global synthetic paper market size is projected to grow from USD 526 million in 2020 to USD 819 million by 2025, at a CAGR of 9.2% between 2020 and 2025. The major driving factors of the market include eco-friendly synthetic paper and wide application areas of synthetic paper.

The key players in the synthetic paper market are PPG Industries, Inc. (US), Seiko Epson Corporation (Japan), Agfa-Gevaert Group (Belgium), Yupo Corporation (Japan), Arjobex SAS (France), American Profol Inc. (US), Hop Industries Corporation (US), Relyco Sales, Inc. (US), Transilwrap Company, Inc. (US), MDV-Papier-und Kunststoffveredelung GmbH (Germany), Cosmo Films Ltd. (India), Neenah Inc. (US), Toyobo Co. Ltd. (Japan), Hwaseung Industries Co., Ltd. (South Korea), Innovia Films (UK), Nan Ya Plastics Corporation (Taiwan), Valeron Strength Films (US), Aluminium Feron GmbH & Co. KG (Germany), Huanyuan Plastics Film Co., Ltd. (China), Tamerica Products Inc. (US), Ruian Rifo Packaging Material Co., Ltd. (China), Kaveri Metallising & Coating Industries Pvt. Ltd. (India), Shijiazhuang Dadao Packaging Materials Co., Ltd. (China), Elastin International Corporation (Taiwan), Masterpiece Graphix (US). These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product development, and partnership, contracts & agreements between 2015 and 2020, to enhance their market shares and expand their global presence.

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Agfa-Gevaert Group develops, produces and distributes a wide-ranging of analog & digital imaging systems and IT solutions, for the printing industry, healthcare sector and for specific industrial applications. It operates three business segments, namely, Agfa Graphics, Agfa HealthCare, and Agfa Specialty Products. The Agfa Specialty Products segment provides products, such as films for non-destructive testing & aerial photography, microfilms and films for the production of printed circuit boards. It also provides conductive polymers, materials for the manufacturing of high-security ID documents, membranes for hydrogen production, back sheets for solar panels, and synthetic papers (SYNAPS). The company has its distribution network across 40 countries and have its network of agents and representatives where it doesn’t have its own sales organization.

Established in 1969, Yupo Corporation was formed with a 50/50 joint venture of Oji Paper Company, Ltd. (now Oji Holdings Corporation) and Mitsubishi Petrochemical Co., Ltd. (Mitsubishi Chemical Corporation). The company manufactures synthetic paper and synthetic paper processed products which can be used in multiple applications such as advertising / promotions, stationary / publications, packaging labels, security and for special purpose. The company also has its subsidiaries in Germany and US and its sales and distribution base in China, India and Thailand.

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