India Synthetic Paper Market Size & Outlook, 2022-2030

The synthetic paper market in India is expected to reach a projected revenue of US$ 56.1 million by 2030. A compound annual growth rate of 7.3% is expected of India synthetic paper market from 2023 to 2030.
Revenue, 2022 (US$M)
$32.0
Forecast, 2030 (US$M)
$56.1
CAGR, 2023 - 2030
7.3%
Report Coverage
India

India synthetic paper market highlights

  • The India synthetic paper market generated a revenue of USD 32.0 million in 2022 and is expected to reach USD 56.1 million by 2030.
  • The India market is expected to grow at a CAGR of 7.3% 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 2022USD 32.0 million
Market revenue in 2030USD 56.1 million
Growth rate7.3% (CAGR from 2022 to 2030)
Largest segmentBopp
Fastest growing segmentHDPE
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBOPP, HDPE, PET
Key market players worldwideFormosa 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, India accounted for 3.0% 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 Asia Pacific, China synthetic paper market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 56.1 million by 2030.

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Synthetic Paper Market Companies

Name Profile # Employees HQ Website

India 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 56.88% in 2022. Horizon Databook has segmented the India synthetic paper market based on bopp, hdpe, pet covering the revenue growth of each sub-segment from 2018 to 2030.


Pharmaceutical labels are the face of self-adhesive label industry. It is responsible for producing highly engineered, converted, and decorated labels. The segment accounts for bulk investments made for acquiring sophisticated European and American branded label presses.

Label printers make huge investments to upgrade their capabilities not only in printing but also for inspection and quality enhancing finishing equipment to meet the exact demands of their customers. Cosmo Films is among India's and the world's major manufacturer of synthetic paper.

Cosmo Synthetic Paper (CSP) is extending its use in a variety of applications to catch up with the rising synthetic paper market demand. The company recently introduced an improved type of synthetic paper that might replace paper in a variety of applications resulting in increased demand for synthetic paper in India.

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Horizon Databook provides a detailed overview of country-level data and insights on the India synthetic paper market , including forecasts for subscribers. This country databook contains high-level insights into India synthetic paper market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India synthetic paper market size, by product, 2018-2030 (US$M)

India Synthetic Paper Market Outlook Share, 2022 & 2030 (US$M)

India synthetic paper market size, by product, 2018-2030 (US$M)

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