Global synthetic paper market was valued at around $1.9 billion in 2018 and is projected to reach $ 2.6 billion by 2024, exhibiting a CAGR of 5.7%. Growing demand for synthetic paper in both packaging and label industry on account of its properties such as exceptional printability, predictable convertibility, and a smooth surface for improved production is anticipated to propel growth in the market.
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The market for synthetic paper has been segmented into type, application and region. Among types, Biaxially Oriented Polypropylene (BOPP) segment is anticipated to lead the global market and account for a major share in the global market. Based on application, the market is categorized into label and non-label. Synthetic paper is extensively used in non-label applications as it meets all the environmental requirements and does not cause pollution as it does not produce any toxic gases during the incineration process.
Thus, non-label application segment led the global market in 2018 and accounted for a market share of around 77%. While, the label application segment is anticipated to grow at the highest CAGR of 6% during forecast period.
Packaging & labeling and printing industries are the two major end user industries of synthetic paper. Their growth is driven by the rising affluence of the middle class in the developing countries, coupled with a rapid rate of urbanization which has led to a rise in consumerism opportunities, such as a high demand for consumer goods and lifestyle services.
Some of the key players operating in the market include, Yupo Corporation, Nan Ya Plastics Corporation, PPG Industries, Seiko Epson Corporation, AGFA-Gevaert N.V., Arjobex SAS, American Profol Inc., HOP industries Corporation, Reylco Sales, Transilwrap, Company, Inc., MDV Papier- und Kunststoffveredelung GmbH, among others.
Objective of the Study:
To analyze and forecast global synthetic paper market size.
To forecast global synthetic paper market based on type, application and regional distribution.
To identify drivers and challenges for global synthetic paper market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global synthetic paper market.
To conduct pricing analysis for synthetic paper market.
To identify and analyze the profile of leading players involved in the manufacturing of synthetic paper.
Key Target Audience:
Synthetic paper manufacturers and suppliers
Government and other regulatory bodies
Research institutes and organizations
Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global synthetic paper market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Market, By Type:
Biaxially Oriented Polypropylene (BOPP)
High-Density Polyethylene (HDPE))
Market, By Application:
Market, By Region:
Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in global synthetic paper market.
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