The global synthetic paper market will grow at a CAGR of 14.03% from USD 483.912 million in 2025 to USD 933.099 million in 2030.
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).
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.
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.
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.
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.
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.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Synthetic Paper Market Size in 2025 | US$483.912 million |
| Synthetic Paper Market Size in 2030 | US$933.099 million |
| Growth Rate | CAGR of 14.03% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Million |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Synthetic Paper Market | |
| Customization Scope | Free report customization with purchase |
The global synthetic paper market is segmented and analyzed as follows: