Synthetic Paper Market 2021: Comprehensive Analysis and Future Estimation 2028 with Top Companies, Trends, and Future Prospects Details for Business Development

Increasing demands from end-use applications is projected to escalate the synthetic paper market at a CAGR of 8.1%

Latest market study on “Global Synthetic Paper Market to 2027 – Global Analysis and Forecasts by Raw Material (BOPP, HDPE, Others), by Applications (Label, Non-Label), and Geography”, The global synthetic paper market is accounted to 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 report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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Under the raw materials segment, the BOPP segment accounted for the largest share in the global synthetic paper market. The biaxial oriented polypropylene (BOPP) synthetic paper is a biaxially oriented polypropylene film which means that the paper is stretched in both across the machine direction and in the machine direction. The global synthetic paper market in BOPP segment was valued at US$ 383.1 Mn in the year 2018 and it is expected to grow at a CAGR of 8.7% during the forecast period 2019-2027, to reach US$ 790.3 Mn in the year 2027. The various properties such a tear resistance and easy printing on the surface has led to an upsurge in the growth and demand of the BOPP synthetic paper all over the globe from application industries such as the labeling of products.

The synthetic papers are generally used for labeling, printing, packaging, and other applications. Due to high performance properties of synthetic paper, such as chemical resistance, oil resistance, tear resistance, water resistance, UV resistance durability, longer shelf life, etc., it has gained high popularity as a choice of materials in a wide range of end-use applications. Apart from superior optical, thermal, and physical properties, the synthetic paper also possess qualities such as the capability to be die-cut embossed, perforated, laminated, coated, and stitched have led to increasing requirements in certain value-added applications.

The market for global synthetic paper is concentrated with some very well-established players. Some of the key players in the global synthetic paper market include 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. and Yupo Corporation, among others.

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.

Table of Content:

1. Introduction

1.1 Scope Of The Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Global Synthetic Paper Market – By Raw Material Type

1.3.2 Global Synthetic Paper Market – By Application

1.3.3 Global Synthetic Paper Market – By Geography

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Synthetic Paper Market Landscape

4.1 Market Overview

4.2 Pest Analysis

4.2.1 North America PEST Analysis

4.2.2 Europe Pest analysis

4.2.3 Asia Pacific PEST Analysis

4.2.4 Middle East and Africa PEST Analysis

4.2.5 South America PEST Analysis

4.3 Expert Opinions
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