North America Synthetic Paper Market Size & Outlook
North America synthetic paper market, 2018-2030 (US$M)
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North America synthetic paper market highlights
- The North America synthetic paper market generated a revenue of USD 246.3 million in 2022.
- The market is expected to grow at a CAGR of 5.3% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 246.3 million |
| Market revenue in 2030 | USD 371.0 million |
| Growth rate | 5.3% (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, North America region accounted for 22.9% 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 |
|---|
North America 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 57.21% in 2022. Horizon Databook has segmented the North America synthetic paper market based on bopp, hdpe, pet covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. FDA has endorsed the use of RFID labels for use in the packaging of pharmaceutical products, which, in turn, is likely to trigger the growth of synthetic paper market.
In addition, wrap-around labels are increasingly used in beverage packaging including fruit juices and functional drinks, diversifying from bottled water, which is expected to drive the growth of label industry in North America, thus positively affecting the growth of the synthetic paper market.
Granwell Products, Inc., a U.S.-based supplier of synthetic paper, markets its BOPP-based synthetic paper, which can stretch in both machine direction (MD) and across machine direction (AMD). The resultant is a material with superior strength at low gauges, flatness, clarity, and excellent printability.
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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 North America synthetic paper market , including forecasts for subscribers. This continent databook contains high-level insights into North America synthetic paper market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America synthetic paper market size, by country, 2018-2030 (US$M)
North America Synthetic Paper Market Outlook Share, 2022 & 2030 (US$M)
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