According to a research report “Synthetic Paper Market by Raw Material (BOPP, HDPE, PET, and PVC), Application (Printing, Labels & Tags, Packaging), End-use Industry (Industrial, Institutional, and Commercial/Retail) and Geography – Global Forecast to 2027″ published by MarketsandMarkets, the global synthetic paper market size is estimated at USD 766 million in 2021 and is projected to reach USD 1,286 million by 2027, at a CAGR of 9.2%, between 2022 and 2027. The growth of the global synthetic paper market is directly related to the strict government regulation against deforestation which results in high demand for conventional resources. For over more four decades, the global demand for paper has increased by 400%, with harvested trees accounting for 35% of all paper produced. The environmentally friendly manufacturing and recyclable nature of synthetic paper will help it gain market share in the forecasted period. The increasing population and urbanization in different world regions are the major determinants of the global synthetic paper market growth. The rise of China as a global manufacturing powerhouse has increased the demand for synthetic paper globally.
Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=141930359
BOPP is the largest raw material segment of the synthetic paper market
Based on raw materials, the synthetic paper market includes BOPP, HDPE, PET, and PVC. The BOPP raw material segment led the application segment of the market in terms of both value and volume. BOPP is extensively used in applications that require heat stabilities, water and fatigue resistance, high tensile strength, and ease of printing. Due to the ability to be manufactured into a thin transparent substrate, BOPP can be used for labels and printing applications. BOPP can be environmentally friendly and low in toxicity, making this synthetic paper used to pack food items and beverages.
Printing is the largest applications segment of the synthetic paper market
Based on applications, the synthetic paper market is divides into printing, labels & tags, packaging, and others. Printing is the largest application of synthetic paper. It has micropores on the surface, enabling better affinity for ink holding and providing a high-quality finish. Its properties such as durability, tear resistance, water resistance, scratch resistance, and abrasion resistance make it an important substrate against conventional papers. The synthetic paper has a lower static surface, which prevents double feeding and eases the printing process, making synthetic papers suitable with various printers for several printing applications. These printing applications include menus, personalized marketing materials, point of purchase displays, wrist bands, cards/envelopes, tickets/passes, and labels for various end-use industries.
Request a Sample of this Report at https://www.marketsandmarkets.com/requestsampleNew.asp?id=141930359
Asia Pacific is the largest market for synthetic paper market
The Asia Pacific region is projected to be the largest market, in terms of value. Asia Pacific is expected to grow at a CAGR of 9.4% during the forecast period. The growth of Asia-Pacific region can be attributed to the high economic growth rate and various eating habits, packaging & printing preferences of people across different countries of the region. Also, the multiplying population of the region presents a huge customer base for fast-moving consumer goods (FMCG) products and packaged food & beverages, which is expected to lead to the growth of the synthetic paper market during the forecast period. Asia Pacific is the largest and the most promising synthetic paper market and is expected to continue during the forecast period. Rising population, growth in disposable income, rapid industrialization, and increased urbanization are driving the synthetic paper market in Asia Pacific. The market in the region is mainly driven by various end-use industries, such as foods & beverages, cosmetics, pharmaceuticals, chemicals, and manufacturings.
PPG Industries, Inc. (US), Seiko Epson Corporation (Japan), Agfa-Gevaert Group (Belgium), Yupo Corporation (Japan), and Arjobex SAS (France) are key players in synthetic paper market.
Request for Bundle Report at https://www.marketsandmarkets.com/RequestBundleReport.asp?id=141930359
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/synthetic-paper-market-141930359.html