Europe Synthetic Paper Market Size & Outlook, 2022-2030
Europe synthetic paper market, 2018-2030 (US$M)
Related Markets
Europe synthetic paper market highlights
- The Europe synthetic paper market generated a revenue of USD 304.2 million in 2022.
- The market is expected to grow at a CAGR of 4.4% 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, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 304.2 million |
| Market revenue in 2030 | USD 428.3 million |
| Growth rate | 4.4% (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, Europe region accounted for 28.3% 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 |
|---|
Europe 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 57.99% in 2022. Horizon Databook has segmented the Europe synthetic paper market based on bopp, hdpe, pet covering the revenue growth of each sub-segment from 2018 to 2030.
Synthetic paper is an alternative to PVC films due to its environmental benefits such as recyclability and limited CO2 emissions during manufacturing. Additionally, plastic label is increasingly replacing paper in beverage applications.
Multi-wallpaper bags and pouches are also being converted to plastic-paper sacks. Several companies are likely to undertake R&D initiatives to develop new PET-based products. For instance, in March 2018, Agfa-Gevaert Group, a manufacturer film product, launched SYNAPS OM90F.
The use of SYNAPS as synthetic print media is mainly driven by its water and tear resistance properties. The thin gauge and folding capabilities are likely to allow the use of the product for additional application areas.
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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 continent-level data and insights on the Europe synthetic paper market , including forecasts for subscribers. This continent databook contains high-level insights into Europe synthetic paper market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe synthetic paper market size, by country, 2018-2030 (US$M)
Europe Synthetic Paper Market Outlook Share, 2022 & 2030 (US$M)
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