Canada Synthetic Paper Market Size & Outlook, 2022-2030
Canada synthetic paper market, 2018-2030 (US$M)
Related Markets
Canada synthetic paper market highlights
- The Canada synthetic paper market generated a revenue of USD 25.4 million in 2022 and is expected to reach USD 39.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.6% 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.
Synthetic paper market data book summary
| Market revenue in 2022 | USD 25.4 million |
| Market revenue in 2030 | USD 39.1 million |
| Growth rate | 5.6% (CAGR from 2022 to 2030) |
| Largest segment | Bopp |
| Fastest growing segment | HDPE |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 2.4% of the global synthetic paper market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. synthetic paper market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 20.6 million by 2030.
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Synthetic Paper Market Scope
Synthetic Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 58.66% in 2022. Horizon Databook has segmented the Canada synthetic paper market based on bopp, hdpe, pet covering the revenue growth of each sub-segment from 2018 to 2030.
The paper & pulp industry is one of the largest industrial polluters in the economy. The Canadian government is undertaking various efforts to promote the use of eco-friendly products, which is expected to have a positive impact on the product demand during the forecasted years.
The rising demand for eco-friendly packaging in food & beverage, consumer products, and pharma industries on account of growing concerns regarding reduction in greenhouse emissions on a domestic level is expected to drive the growth of bio-based Polyethylene Terephthalate (PET). Polyester is a versatile and high-performance material.
It offers opacity, consistent surface finish, heat & chemical resistance, high flexing & tear strength, good electrical insulation, low water absorption, high dimensional stability, and accuracy of gauge. PET-based film coatings are formulated to produce accurate color and monochrome copies from a range of standard office copying equipment.
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Our clientele includes a mix of synthetic paper market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada synthetic paper market , including forecasts for subscribers. This country databook contains high-level insights into Canada synthetic paper market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada synthetic paper market size, by product, 2018-2030 (US$M)
Canada Synthetic Paper Market Outlook Share, 2022 & 2030 (US$M)
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