The global Synthetic Paper Market size is projected to grow from USD 526 million in 2020 to USD 819 million by 2025, at a CAGR of 9.2% between 2020 and 2025. The major driving factors of the market include eco-friendly synthetic paper and wide application areas of synthetic paper.
Browse 194 tables and 57 figures spread through 167 pages and an in-depth TOC on “Synthetic Paper Market, By Raw Material (BOPP, HDPE), Application (Printing, Paper Bags, Labels), End-use Industry (Paper, Packaging), and Region (APAC, Europe, North America, Middle East & Africa, South America) – Global Forecast To 2025”
The key players in the synthetic paper market are PPG Industries, Inc. (US), Seiko Epson Corporation (Japan), Agfa-Gevaert Group (Belgium), Yupo Corporation (Japan), Arjobex SAS (France), American Profol Inc. (US), Hop Industries Corporation (US), Relyco Sales, Inc. (US), Transilwrap Company, Inc. (US), MDV-Papier-und Kunststoffveredelung GmbH (Germany), Cosmo Films Ltd. (India), Neenah Inc. (US), Toyobo Co. Ltd. (Japan), Hwaseung Industries Co., Ltd. (South Korea), Innovia Films (UK), Nan Ya Plastics Corporation (Taiwan), Valeron Strength Films (US), Aluminium Feron GmbH & Co. KG (Germany), Huanyuan Plastics Film Co., Ltd. (China), Tamerica Products Inc. (US), Ruian Rifo Packaging Material Co., Ltd. (China), Kaveri Metallising & Coating Industries Pvt. Ltd. (India), Shijiazhuang Dadao Packaging Materials Co., Ltd. (China), Elastin International Corporation (Taiwan), Masterpiece Graphix (US).
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The BOPP segment is projected to account for the largest share of the synthetic paper market, by raw material, during the forecast period.
BOPP is thermoplastic polymer, widely used for synthetic paper because of its versatility and availability. This material is extremely used in applications which requires heat stabilities, water resistance, fatigue resistance, high tensile strength and ease of printing. Due to the ability of being manufacture into thin transparent substrate, BOPP can be used for the application such as labels and printing applications. BOPP can be environment friendly and low in toxicity which makes these synthetic paper to be used for packaging of food items and beverages.
The printing segment is projected to be the fastest-growing end-use industry in the synthetic paper market during the forecast period.
Printing is the largest preferred application for synthetic paper. Synthetic paper have the micro pores on their surface which enables better affinity for ink holding and provide high quality finish. As the synthetic paper has properties such as durable, tear resistance, water resistance, scratch resistant and abrasion resistant has made it an important substrate against the conventional paper. The demand of synthetic paper for printing applications has fueled due to increase in the demand for more durable and high quality print which can also be used for outdoor applications.
The paper industry is projected to register the highest CAGR during the forecast period.
Synthetic paper have micro pores on their surface which helps to increase ink adhesion over the surface on which printing is done. Synthetic paper offers enhanced properties which outperforms the properties of pulp paper which includes 100% recyclable, moisture resistant, tear resistant and UV resistant and durable. The use of synthetic paper is comparatively more in paper industry than in any other sector. Increase in the demand for durable tear resistant and excellent weathering properties of the outdoor advertising substrate has triggered the demand of this industry.
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