Asia Pacific Synthetic Paper Market Size & Outlook
Asia Pacific synthetic paper market, 2018-2030 (US$M)
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Asia Pacific synthetic paper market highlights
- The Asia Pacific synthetic paper market generated a revenue of USD 389.2 million in 2022.
- The market is expected to grow at a CAGR of 6.5% from 2023 to 2030.
- In terms of segment, bopp was the largest revenue generating product in 2022.
- HDPE is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 389.2 million |
| Market revenue in 2030 | USD 645.1 million |
| Growth rate | 6.5% (CAGR from 2022 to 2030) |
| Largest segment | Bopp |
| Fastest growing segment | HDPE |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | BOPP, HDPE, PET |
| Key market players worldwide | Formosa Plastics Group, Sihl Group, Cosmo Films, Transcendia, Toyobo Co Ltd, Technovative Group Inc, Jindal Poly Films, Illinois Tool Works |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 36.2% of the global synthetic paper market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 101.9 million by 2030.
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Synthetic Paper Market Scope
Synthetic Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific synthetic paper market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to synthetic paper market will help companies and investors design strategic landscapes.
Bopp was the largest segment with a revenue share of 57.25% in 2022. Horizon Databook has segmented the Asia Pacific synthetic paper market based on bopp, hdpe, pet covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific pharmaceutical market witnessed double digit growth. The growth in pharmaceutical market has spurred the growth in pharmaceutical packaging as well. Packaging is an integral part of the overall drug as maintaining the quality and safety of the drug is imperative for its functioning.
The growth in pharmaceutical industry in Asia Pacific is expected to directly affect the growth of synthetic paper market as synthetic paper provides different functionalities in pharmaceuticals including for printing, packaging, and labelling.
While synthetic paper consumption in North America is marginally dropping, it is significantly increasing in Asia, propelling the industry's anticipated development. Packaging accounts for more than half over all synthetic paper used globally, and with quantities increasing, this sector offers the most potential for efficiency and waste reduction.
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Target buyers of Asia Pacific synthetic paper market databook
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Our clientele includes a mix of synthetic paper market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific synthetic paper market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific synthetic paper market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific synthetic paper market size, by country, 2018-2030 (US$M)
Asia Pacific Synthetic Paper Market Outlook Share, 2022 & 2030 (US$M)
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