Synthetic paper is an artificial material that
mimics traditional paper, but it is not made from plant fibers but from
polymers (such as plastic) and other additives. This material is designed and
manufactured to mimic the appearance, texture, and function of real paper, but
it is usually more durable, waterproof, oil resistant, easy to dry, reusable,
and recyclable than real paper.
Introduction to Subdivision Types
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Polyolefin
synthetic paper
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This
is the most common type of synthetic paper, mainly made from polyolefin
materials such as polyethylene or polypropylene. It is usually used in
outdoor advertising, posters, labels, and other occasions that require
waterproofing and weather resistance.
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Polyester
synthetic paper
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This
kind of synthetic paper is made of polyester material, which has high
strength and durability. It is commonly used in packaging, printing,
labeling, and other fields.
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Polyamide
synthetic paper
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Synthetic
paper made of polyamide (such as nylon) has high strength and wear resistance
and is commonly used in outdoor advertising, maps, labels, etc.
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Paper-plastic
composite synthetic paper
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This
synthetic paper is made by combining plastic and paper, combining the texture
of paper with the durability of plastic. It is commonly used in fields such
as packaging, printing, and laptops.
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Source: www.globalmarketmonitor.com
Overview of Market Development
Market size and growth: In recent years, the global synthetic paper market has been continuously expanding, with a high growth rate. This is mainly due to the promotion of environmental policies, consumer recognition of environmentally friendly products, and the excellent performance of synthetic paper itself. According to our research data, the global consumption of synthetic paper reached 237.5k tons in 2023, with a market revenue of $1097 million, an increase of 7.77% compared to 2022.
Main application areas: Currently, synthetic paper is mainly used in packaging, printing, electronics, medical, construction, and other fields worldwide. Among them, packaging and printing are the main markets for synthetic paper, accounting for nearly 65% of the market share.
Main consumption regions: The main consumption regions of synthetic paper worldwide include Asia Pacific, North America, Europe, and other regions. Among them, the Asia Pacific region is the largest consumer market. Data shows that in 2023, the consumption of synthetic paper in the Asia Pacific region reached 101.7k tons, accounting for 42.84% of the global total consumption.
Analysis of Market Competitive Landscape
From the perspective of market competition, the concentration of the global synthetic paper market is moderate. The data shows that in 2023, the total output value of synthetic paper by the top 3 enterprises in the industry was $455 million, with a total share of 41.49%; The total output value of synthetic paper for top6 enterprises was $718 million, with a total share of 65.42%. The top 3 companies were Nan Ya Plastics, Yupo, and PPG Industries, with their synthetic paper production values accounting for 18.53%, 11.66%, and 11.30% of the global market in 2023, respectively.
Global Synthetic Paper Market Revenue Forecast and Competitive Landscape Analysis
Source: www.globalmarketmonitor.com
Market Outlook Forecast
In the coming years, with the continuous progress of technology, the production technology and performance of synthetic paper will continue to improve. There will be more synthetic paper products with excellent performance, environmental protection, and sustainability, to meet the diverse needs of the market. In addition, with the rapid development of industries such as e-commerce and logistics, the demand for synthetic paper will become even stronger. It is expected that by 2026, the global consumption of synthetic paper will reach 287.2k tons, and the market revenue is expected to increase to $1329 million.
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