Press Release

India Synthetic Paper Market to Grow with a CAGR of 6.74% through 2029

Surge in research and development activities is expected to drive the India Synthetic Paper Market growth in the forecast period, 2025-2029.


According to TechSci Research report, “India Synthetic Paper Market- By Region, Competition, Forecast and Opportunities, 2019-2029”, the India Synthetic Paper Market stood at USD53.42 million in 2023 and is anticipated to grow with a CAGR of 6.74% in the forecast period, 2024-2029. Initiatives taken by government based on synthetic paper has led to favorable market conditions for the India Synthetic Paper Market. Several factors contribute to the growth of various synthetic paper products.

In recent years, the Indian government has been actively promoting the use of bio-based materials as part of its sustainable development initiatives. Recognizing the detrimental impact of non-biodegradable polymer materials, the government has taken proactive steps towards banning their usage. This progressive approach has not only raised awareness about the environmental consequences of such materials but has also encouraged industries to explore viable alternatives.

One such alternative gaining momentum is the adoption of bio-based synthetic papers. These innovative papers are not only biodegradable but also environmentally friendly, making them an ideal choice for industries looking to reduce their ecological footprint. By embracing these sustainable materials, industries are aligning themselves with the stringent waste management and recycling regulations implemented by the Indian government. This not only ensures compliance but also indirectly fuels the demand for recyclable synthetic paper.

Overall, the Indian government's commitment to promoting the use of bio-based materials and implementing strict regulations has paved the way for a more sustainable and environmentally conscious future in the country.

Research and development (R&D) activities have played a pivotal role in fostering innovation within the synthetic paper industry. By pushing the boundaries of scientific exploration, these efforts have paved the way for the discovery and creation of new materials that exhibit exceptional properties, including high strength, remarkable durability, and outstanding resistance to water, heat, and UV radiation. These enhanced characteristics not only elevate the performance of synthetic papers but also make them increasingly attractive for a wide range of applications, such as packaging, labeling, and printing. As a result, the market for synthetic paper is witnessing remarkable growth.

Moreover, manufacturers are actively engaged in R&D to explore ways to produce synthetic papers in a more cost-effective manner. Through the development and refinement of production processes, significant reductions in manufacturing costs can be achieved, making synthetic paper more accessible and affordable for consumers across various industries. This affordability factor has emerged as a crucial driver for the surging demand for synthetic paper, particularly among small and medium enterprises seeking high-quality yet budget-friendly solutions.


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The India Synthetic Paper Market is segmented into product type, application, regional distribution, and company.

Based on its product type, the High-Density Polyethylene [HDPE] segment held the largest market share in the forecast period. High-density polyethylene (HDPE)-based synthetic papers have gained significant traction in various industries, particularly in the packaging sector. These papers are extensively utilized for packaging powder, cheese, frozen food, and electronic parts, offering exceptional durability and protection.

With their excellent release properties, HDPE films are also commonly employed as release liners, interleaving sheeting, foam-in-place, and box liners. Notably, these films provide superior release characteristics without the need for a silicone coating, making them a versatile choice for a wide range of applications. As a result, HDPE-based synthetic papers are projected to witness substantial growth and emerge as the fastest-growing product segment in the forecast period.

Based on region, West India segment is expected to grow during the forecast period.

The western region of India has emerged as a leading hub for technological advancements, with a particular focus on the synthetic paper industry. Manufacturers in this area have embraced cutting-edge technologies and innovative techniques to enhance the production of synthetic paper. This has resulted in notable improvements in the quality of the paper and a significant reduction in production costs, enabling them to gain a competitive edge in the market. By leveraging these advanced capabilities, the manufacturers in West India are poised to make significant contributions to the growth and development of the synthetic paper industry in the country. 


Major companies operating in India Synthetic Paper Market are:

  • Jindal Poly Films Ltd.
  • Cosmo Films Ltd.
  • E.I. DuPont India Private Limited
  • JK Paper Limited
  • Bio Green Papers Limited
  • Epson India Pvt. Ltd.


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“Growing application of synthetic paper in various end user industries are key drivers of the synthetic paper market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of synthetic paper with every passing year are anticipated to register an impressive growth to India Synthetic Paper Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“India Synthetic Paper Market By Product Type (Biaxially Oriented Polypropylene [BOPP], High Density Polyethylene [HDPE]), By Application (Label & Non-Label), By Region, By Competition Forecast & Opportunities, 2019-2029”, has evaluated the future growth potential of India Synthetic Paper Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Synthetic Paper Market.



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