The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The synthetic paper market has witnessed robust growth in recent years, emerging as a key player in the packaging and printing industries. With a projected growth from $1.09 billion in 2023 to $1.17 billion in 2024 at a CAGR of 6.9%, the market reflects an industry in evolution. Looking forward, the forecasted growth to $1.47 billion in 2028 with a CAGR of 6.0% underscores the continued relevance of synthetic paper. Let’s delve into the factors contributing to this growth and the trends shaping the future.

Riding the E-Commerce Wave

1. E-Commerce Industry’s Impact

• The burgeoning e-commerce industry is a driving force behind synthetic paper market growth.
• Synthetic paper finds applications in labels, tags, and packaging for e-commerce products.
• Global e-commerce sales have seen a significant rise, leading to increased demand for durable packaging materials.

2. E-Commerce Statistics

• In 2021, global retail consumer goods e-commerce sales surged by 10.8% to reach $5,424 billion.
• U.S. retail e-commerce sales continued the trend, increasing by 7.8% from 2022 to 2023.

3. Market Leaders

• Major players in the synthetic paper market, including PPG Industries Inc. and DuPont de Nemours Inc., play pivotal roles.
• Industry leaders contribute to the adoption and innovation of synthetic paper applications.

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Innovations Steering the Market

4. Xerographic Matt (XM) Synthetic Paper

• Companies focus on product innovation to strengthen their market position.
• Agfa-Gevaert N.V. introduced SYNAPS Xerographic Matt (XM) synthetic paper, resistant to water and tearing without lamination.
• The synthetic paper contains agents preventing the settlement and growth of viruses and bacteria on its surface.

5. Antimicrobial Properties

• SYNAPS Xerographic Matt (XM) incorporates an agent ensuring long-lasting protection against viruses and bacteria.
• Independent testing showcases an efficiency of up to 99.99% according to ISO 20743 and ISO 18184 standards.

6. Strategic Acquisitions

• Arjobex SAS solidifies its market position through the acquisition of MDV Group.
• The acquisition enhances Arjobex’s standing as a leading producer of sustainable synthetic papers in Europe.

Market Dynamics and Segmentation

7. Segmentation Overview

• Raw Material: Biaxially-Oriented Polypropylene (BOPP), High-Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC)
• Thickness: Below 200 microns, 200 to 400 microns, Above 400 microns
• Application: Printing, Labels and Tag, Packaging, Other Applications
• End-User: Industrial, Institutional, Commercial and Retail

8. Regional Impact

• Asia-Pacific emerges as the largest region in the synthetic paper market in 2023.
• The region’s dominance reflects the growing importance of synthetic paper in diverse applications.

Future Trends and Conclusion

9. Sustainability and Eco-Friendly Solutions

• Future trends include a heightened focus on sustainability and eco-friendly synthetic paper solutions.
• The industry responds to the growing demand for environmentally conscious materials.

10. Digital Printing Advancements

• Advancements in digital printing technologies continue to influence synthetic paper applications.
• The market adapts to evolving printing trends for enhanced visual appeal and functionality.

11. In-Mold Labeling (IML) and High-Temperature Applications

• In-mold labeling gains prominence as a trend, offering a seamless integration of labels into the packaging.
• Synthetic paper’s suitability for high-temperature applications expands its use in diverse industries.

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The Synthetic Paper Global Market Report 2023  provides an overview of the synthetic paper market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The synthetic paper market forecast analyzes synthetic paper market size, synthetic paper market share, leading competitor and their market positions.

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