Synthetic Paper Market Size & Share 2016 - 2023
Market Size Share and Industry Analysis Report by Product (Biaxially Oriented Polypropylene [BOPP], High Density Polyethylene [HDPE]) and Application (Label, Non-label), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast.
Report ID: GMI378
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Published Date: April 2016
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Report Format: PDF
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Authors:
Kiran Pulidindi, Kunal Ahuja
Synthetic Paper Market Size
Synthetic Paper Market size is expected to exceed 200 kilo tons with growth rate at over 6% from 2016 to 2023. Strict regulatory norms against deforestation results into high demand for conventional resources which may favor the market growth from 2016 to 2023.
Global demand for paper increased by 400% over last 40 years including 35% of paper produced by harvested trees. Its sustainable production along with recyclable nature will positively drive the market share in coming year.
Global label and packaging market was valued at over $300 billion in 2015, and could exceed $400 billion in the next four years, with growth over 4%. These products are obtained through polymers such as polypropylene which are refined products of crude oil. Decline in crude oil prices will positively impact the synthetic paper market value. Growing demand for print and laminated material subject to high absorption property and positive outlook towards secure credential & Identity cards and e-passports application owing to water and chemical resistant property will further complement business growth in coming year.
Synthetic Paper Market Analysis
Biaxially oriented polypropylene was valued over $100 million in 2015 and may witness growth at over 6% through 2023. It offers high strength, clarity, and makes them appropriate for usage as packaging material such as for fruits, fast food, confectionery, snacks and vegetables application.
Superior biaxially oriented polypropylene offers ease of laminating, coating & printing to obtain desirable appearance and characteristics. Moreover, it is cost efficient along with excellent moisture barrier and superior strength properties when compared with other available alternatives. High density polyethylene synthetic paper market is set to reach over 70 kilo tons by 2023.
Label segment is poised to exceed 50 kilo tons by 2023. It is used for stack labels, wraparound labels, shrink labels, in-mold labels and pressure sensitive labels. Non-label accounted for over 60 % of global synthetic paper market share in 2015. These products are primarily used for graphic arts, charts, banners and maps. It is also suitable for public and promotional print media.
Asia Pacific will exceed 150 million by 2023 with growth at over 7% during the forecast period. Increasing demand from industries such as food & beverage, cosmetics, and chemicals subject to change in lifestyle trend will further complement the synthetic paper market outlook in future.
U.S. market size is predicted to reach over 40 kilo tons by 2023. Growing banner ads demand in the region will favor the market revenue over forecast period. Banner ads investment reached USD 7.9 billion in 2013 from USD 6 billion in 2010. Moreover, Latin America contributed over 5% of share in 2015 and should witness a decent growth from 2016 to 2023. Europe was valued over USD 60 million in 2015 owing to increasing demand from food and beverage industry.
Synthetic Paper Market Share
Global synthetic paper industry players include:
In this industry largest players holding half of the market share in 2015.This industry is concentrated in nature as largest players accounted for half of market share in 2015.
Industry Background
Synthetic paper is manufactured by utilizing synthetic resin, derived from petroleum. Its characteristics is like plastic film characteristics and its appearance is same as paper obtained from wood pulp. It is environment friendly in nature. It has long life and offers waterproof property. It can also be folded without cracking. Positive outlook towards label and packaging sector will drive the industry growth during forecast period.
Synthetic Paper Market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD from 2017 to 2023, for the following segments:
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By Product
By Application
The above information is provided on a regional and country basis for the following:
By Region
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →