Global Synthetic Paper Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Synthetic Paper market:
The latest research study on the global Synthetic Paper market finds that the global Synthetic Paper market reached a value of USD 1017.32 million in 2022. It’s expected that the market will achieve USD 1582.97 million by 2028, exhibiting a CAGR of 7.65% during the forecast period.

Rising labor costs
Increased labor costs worldwide due to COVID-19. Take Germany for example, according to the data of the German Federal Statistical Office, the price per hour in the first quarter of 2020 increased by 4.3% year on year, which was the largest increase in the labor cost index since the statistics began in 1996. In 2019 Germany's cost per hour of work increased by only 2.6% year on year, below the EU average of 2.8%. The increase in labor costs has led to an increase in operating costs for manufacturers of Synthetic Paper.

Assessment of the Overall Impact of COVID-19 on the Industry
The raging COVID-19 has left the global economic environment in depression. The impact of COVID-19 on the Synthetic Paper industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The impact on the Synthetic Paper industry depends on the prevention and control effects of COVID-19.

Synthetic Paper conforms to the current concept of environmental protection
With the development of society, people pay more and more attention to environmental protection, governments of various countries have introduced strict environmental protection laws and regulations. PP synthetic paper raw material source and manufacturing process will not cause environmental changes and damage, the product can be 100% recycled after use, even if the incineration treatment, because its plastic substrate contains only carbon and oxygen elements, will not produce toxic and harmful gases. Using plastic instead of paper and plastic instead of wood, the raw material of synthetic paper does not need wood and natural plant fiber, which can save a lot of forest resources and reduce environmental pollution. Therefore, the Synthetic Paper conforms to the current concept of environmental protection. With the increasingly strict environmental protection policies of governments in the future, the development of the Synthetic Paper industry will be better and better.

Fierce competition
There are a large number of companies in the industry and the competition is fierce. If the company cannot correctly grasp the market dynamics and industry development trends, it cannot further consolidate its dominant position and ensure its core in product research and development, market expansion, etc. There are market competition risks such as decline in business performance and decline in market share due to weakened competitive advantages. In addition, more and more competitors are entering the market, which means that competition in the industry will become increasingly difficult. If the players still provide roughly the same products or services, or at least few obvious differences; Or if the players continue to compete on price in Synthetic Paper products, avoiding enhancing products with features and technological content that could increase costs, it will be hard for them to sustain the fierce market. Therefore, companies in the Synthetic Paper market must increase their R&D activities in order to gain a competitive edge over other market players.

Region Overview:
In global comparison, a significant portion of the revenue was generated in Asia Pacific (40.23% in 2022).

Company Overview:
Nan Ya Plastics is one of the major players operating in the Synthetic Paper market, holding a share of 18.62% in 2023.

Nan Ya Plastics
Nan Ya Plastics Corporation manufactures and markets plastic and chemical fiber products. The Company's products include polyester filament yarns, flexible PVC (Polyvinyl Chloride) film products, plastic leather products, and rigid film products. Nan Ya also manufactures printed circuit boards.

Yupo
Yupo Corporation is a Japanese manufacturer of synthetic paper. It is owned by Mitsubishi Chemical and Oji Holdings, also known as the Oji Paper Company. The firm produces the Yupo brand of polypropylene synthetic paper.

Segmentation Overview:
As for product types, the BOPP segment held the largest market share in 2022.

Application Overview:
The market's largest segment by application is the segment Non-Label, with a market share of 56.81% in 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Synthetic Paper market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Synthetic Paper market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Synthetic Paper and its sub-markets in an intuitive way.

Key Companies in the global Synthetic Paper market covered in Chapter 3:
Dupont Tyvek
AGFA-Gevaert N.V. Corporation
PPG Industries
HOP Industries
Seiko Epson Corporation
Nan Ya Plastics
Taghleef Industries
Avery Dennison
American Profol
Yupo
Arjobex
Treofan Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Synthetic Paper market from 2018 to 2029 is primarily split into:
HDPE
BOPP
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Synthetic Paper market from 2018 to 2029 covers:
Non-Label
Label

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Synthetic Paper market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029