Synthetic Paper - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Synthetic Paper Market is accounted for $491.00 million in 2019 and is expected to reach $1,147.00 million by 2027 growing at a CAGR of 11.2% during the forecast period. Increasing huge adoption rate of synthetic paper in various applications and eco-friendly synthetic paper are the major factor propelling the market growth. However, limited plastic material available for synthetic paper is hindering the market growth.
Synthetic paper is organized from a synthetic resin derived from petroleum as its main material. Such paper resembles the regular paper produced from wood pulp. However, synthetic paper possess some admirable properties unlike conventional paper such as tear resistance, chemical resistance, water-proof, durable, and others which makes them ideal for various industrial applications.
Based on the raw material, the biaxially oriented polypropylene (BOPP) segment is going to have a lucrative growth due to it is extensively used for synthetic paper because of its versatility and availability. This material is extremely used in applications which require heat stabilities, water resistance, high tensile strength and easiness of printing.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rising need of efficient packaging materials from food & beverage, chemical, a pharmaceutical sector especially in emerging economies such as China and India. China’s emergence as a global manufacturing hub has increased the demand for synthetic paper. Cheap labor and easy availability of raw materials boost the production of these products in the region.
Some of the key players profiled in the Synthetic Paper Market include Arjobex SAS, American Profol Inc., Agfa-Gevaert Group, Cosmo Films Limited, NAN Ya Plastics Corporation, Transcendia, Inc., PPG Industries Inc., Toyobo Co. Ltd., Yupo Corporation, Hop Industries Corporation, Seiko Epson Corporation, Relyco Sales, Inc., Transilwrap Company, Inc, MDV-Papier-und Kunststoffveredelung GmbH, and Neenah Inc.
Raw Materials Covered:
• Biaxially Oriented Polypropylene (BOPP)
• High-Density Polyethylene (HDPE)
• Polystyrene (PS)
• Polyethylene Terephthalate (PET)
• Polyvinyl Chloride (PVC)
• High-Impact Polystyrene (HIPS)
• Linear Low-Density Polyethylene (LLDPE)
Manufacturing Processes Covered:
• Tubular Film
• Coextruded Film
• Spun-Bonded Papers
• Synthetic Pulp
• Extruded Flat Film
Product Types Covered:
• Uncoated Synthetic Paper
• Coated Synthetic Paper
Sales Channels Covered:
• Distribution Channel
• Direct Channel
• Paper Bags
End Users Covered:
• Food and Beverages
• Cosmetics and Personal Care
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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