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Synthetic Paper Market 2021 - Competitor Analysis, Complete Study of Current Trends and Forecast 2027

05-06-2021 07:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

The global synthetic paper market accounted for US$ 630.0 Mn in 2018 and is expected to grow at a CAGR of 8.1% during the forecast period 2019-2027, to account to US$ 1,244.5 Mn by 2027.

The Asia Pacific region holds the largest market share in the global synthetic paper market. The production and consumption rate of synthetic paper is rapidly increasing with China and Japan being the major markets for the global synthetic paper market. The Asia Pacific has emerged as the largest consumers and exporter of synthetic paper. The Asia Pacific synthetic paper market is characterized by the presence of players such as Arjobex SAS, Cosmo Films Limited, NAN Ya Plastics Corporation, PPG Industries Inc., and Toyobo Co. Ltd. among others.

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Market Insights

Growing needs for labelling and packaging in packed food and beverages provides an opportunity for the synthetic paper market growth

The BOPP based synthetic paper exhibits excellent resistance to moisture and chemicals as a result of which it is considered to be used as a better material for packaging and labeling applications. These type of synthetic paper are non-toxic and are used as a material of choice in the food and beverages packaging. These type of synthetic paper also possess characteristic properties like high-quality writ-ability and printability performance that helps the companies in enabling new designs for the development of labels that can be attractive. The waterproof, durability and longer shelf life properties make this type of synthetic paper the material of choice for beverages packaging. Synthetic paper is also eco-friendly and is a sustainable solution for printing applications in the food and beverages industry that has enhanced the synthetic paper market globally. The high mechanical strength of the synthetic paper is expected to boost the synthetic paper market growth in the coming years.

Increasing demands from packaging and printing applications is expected to boost the synthetic paper market

The high performance properties of synthetic paper, such as chemical resistance, oil resistance, tear resistance, water resistance, UV resistance durability, longer shelf life, etc. have gained high popularity as a preferred material in a wide range of end-use applications. As compare to conventional paper, the synthetic papers have superior characteristics to support high-performance printing with ease and are also reliable. Synthetic paper possesses properties such as excellent optical, thermal, and physical properties and are capable of being die-cut embossed, perforated, laminated, coated, and stitched that has led to increasing requirements in certain value-added applications. Synthetic papers are mainly being used in point of purchase display materials, envelopes and cards, passes and tickets, advertisement displaying articles, household product labeling and food labeling, identification tags, restaurant menus, signboards, banners, passports and id cards, waterproof maps, club cards, graphic arts, and various others. Rising demand for synthetic papers in paper bags and end-use industries like food and beverages, pharmaceuticals, packaging, cosmetics, and chemicals is expected to boost the overall growth of the synthetic paper market.

Company Profiles

Agfa-Gevaert Group
American Profol Inc.
Arjobex SAS
Cosmo Films Limited
Hop Industries Corporation
NAN Ya Plastics Corporation
PPG Industries Inc.
Toyobo Co. Ltd.
Transcendia, Inc.
Yupo Corporation

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The Insight Partners
Phone: + 1-646-491-9876
E-mail: sales@theinsightpartners.com

About The Insight Partners:

The Insight Partners is a one top industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Manufacturing and Construction, Technology, Chemicals and Materials.
We offer our clients multiple ways to customize research as per their specific needs and budget.

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