Synthetic Paper Market
Synthetic Paper Market (Biaxially Oriented Polypropylene (BOPP), High Density Polyethylene (HDPE) and Others) for Label and Non-Label Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
- Chemicals & Materials
- 80 Pages
Synthetic paper is generally manufactured from petroleum derivatives such as synthetic resins (polyethylene and polypropylene). Synthetic paper displays characteristics resembling those of plastic films and at the same time is visually indistinguishable from regular paper. Synthetic paper offers a multitude of advantages over ordinary paper due to its superior chemical and physical characteristics. Synthetic paper is resistant to water, stains, tearing, oily substances, and most chemical products. In addition, unlike normal paper, synthetic paper is capable of withstanding extreme heat and cold. Furthermore, synthetic paper is resistant to ultraviolet light (UV) and sunlight, which makes it ideal for outdoor applications. Synthetic paper is inorganic, eco-friendly and produces very low quantities of byproducts during the manufacturing process. Synthetic paper can be easily disposed off through recycling, incineration, or at certified landfills. Synthetic paper not only finds application in the converting industry, but also in the food label and packaging industry and for children’s books.
Growing application sectors, such as the labels segment, are likely to drive the global synthetic paper market. In addition, the rising demand for eco-friendly and energy efficient products is projected to boost the global synthetic paper market in the coming years. Regular paper is often given preference over synthetic paper due to low price of regular paper. However, innovative and cost-effective products can overcome this challenge.
Majority of synthetic papers are either produced using biaxially oriented polypropylene (BOPP) or high-density polyethylene (HDPE). Biaxially oriented polypropylene (BOPP) accounted for over 60% of the global synthetic paper market in 2013. Biaxially oriented polypropylene (BOPP) synthetic paper has very high stability and performance over a very wide range of temperatures and environmental conditions. High-density polyethylene synthetic papers exhibit excellent chemical resistance, which is often the driving force behind the selection of high-density polyethylene synthetic paper. In terms of volume, HDPE is likely to experience moderate growth, at a CAGR of approximately 6% between 2014 and 2020. However, a sizable amount of synthetic paper is manufactured from polyesters and some amounts from polystyrene and polyvinyl chloride.
Synthetic paper finds application in a wide range of printing and finishing applications where high temperature resistance, durability, strength, moisture, grease, and chemical resistance are essential factors. Major applications of the synthetic paper market are divided into two sectors: label and non-label. The non-label segment comprises traditional synthetic paper products such as banners, graphic art, maps, and menus. The non-label segment dominated the global synthetic paper market with just under 60% of the total volume share. The label segment is expected exhibit quicker growth numbers as compared to the non-label segment due to the increasing demand from end-user industries such as food, beverage, and pharmaceuticals. Labels are typically used as warning labels, bar-coded labels, and laboratory identification labels in the chemical, cosmetics, transportation and pharmaceutical end-user segments.
The market is currently dominated by a few large, global ventures with proprietary technologies, each making a distinctive product. Key players in the market include Arjobex, Nan Ya Plastics, PPG Corporation, and Yupo Corporation. The top three companies accounted for over 83% of the global synthetic market in 2013. Yupo Corporation is one of the major players in the synthetic paper industry. Yupo Corporation has been primarily focusing on strengthening its global presence in existing as well as untapped regions. Additionally, a number of small players have emerged in the unorganized sector, especially in Asia Pacific. The unorganized sector comprises small and medium-sized companies competing in China and India.
Synthetic paper exhibits characteristics of both plastic and paper. Synthetic papers are substrates that retain plastic characteristics such as chemical resistance, tear resistance, good printability, and in certain cases heat sealability as well. Additionally, these products also provide the benefits of normal paper such as printability, appearance, feel, whiteness, and opacity. Globally, synthetic papers have witnessed strong growth from various end-user industries, especially from the tag and label industry. Other key end-user industries include cosmetics, chemicals, transportation, leisure, and advertising.
The study analyzes the synthetic paper industry, and estimates the global market in terms of volume (kilo tons) and revenue (USD million). The synthetic paper report segments the market based on product types, applications, and key regions. Key products included in the report are biaxially oriented polypropylene (BOPP), high-density polyethylene (HDPE), and others. The others product segment includes polyester, polystyrene, and polyvinyl chloride (PVC). Labels and non-labels are the key application segments that have been included in this study. The labels segment includes wrap-around labels, in-mold labels, shrink labels, pressure-sensitive labels as well as cut and stack labels. The non-label segment comprises traditional synthetic paper products such as banners, graphic art, maps, and menus. The study also includes an attractiveness analysis model for key products of the synthetic paper market.
The synthetic paper market report segments the synthetic paper market into key regions such as North America, Europe, Asia Pacific and Rest of the World (RoW). Europe includes Western Europe (Including the EU and non-EU members), Central and Eastern Europe. RoW region includes Latin America, the Middle East, and Africa. The report analyzes each product and application segments for each of the regional markets. The synthetic paper study provides market estimates and forecasts for each segment in terms of volume (kilo tons) and revenue (USD million).
Industry analysis of the report provides a comprehensive view of each player in the value chain of the synthetic paper market. The study also provides key drivers and restraining factors in the synthetic paper market, with impact analysis of each factor. Industry analysis also throws light on opportunities for the market in the future. Additionally, the synthetic paper report analyzes the global competition in the synthetic paper market with the help of Porter’s five forces analysis model.
The report also includes a market share analysis of the key companies in the synthetic paper market. The market share of companies has been derived based on revenue generated for synthetic paper. The synthetic paper report provides profiles for key companies such as Yupo Corporation, PPG Industries, Arjobex Security, Nan Ya Plastics Corporation, Charter NEX Films, Inc., DuPont, Hop Industries Corporation, A. Schulman, Inc., Taghleef Industries L.L.C, Agfa-Gevaert N.V., and American Profol, Inc. Company profiles include parameters such as company overview, product portfolio, financial overview, business strategies, SWOT analysis, and recent developments.
Primary research represents the bulk of our research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis, and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities. The secondary research specific to this report include ICIS, AIMCAL, Plastemart, Company website and Investor presentations.
The report segments the global lightweight materials market as:
Synthetic Paper Market - Product Segment Analysis
- Biaxially oriented polypropylene (BOPP)
- High-density polyethylene (HDPE)
- Others (Polyesters, polystyrene, etc)
Synthetic Paper Market - Application Analysis
Synthetic Paper Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)