Synthetic Paper Market 2024 - Global Industry Size, Share, Trends, Opportunity And Forecast To 2033

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Synthetic Paper Global Market Report 2023 identifies growing e-commerce industry as the major driver for the Synthetic Paper market's growth in the forecast period. E-commerce refers to the purchasing and selling of products and services through an electronic network, most notably the Internet. Synthetic paper is used for manufacturing e-commerce labels, tags, packaging, and other promotional items. With more businesses and people preferring online shopping, the demand for durable packing materials such as synthetic paper will rise.

The synthetic paper market size has grown strongly in recent years. It will grow from $1.09 billion in 2023 to $1.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to expansion of the packaging industry, increasing cost-effective solutions, growing concerns about deforestation, advances in synthetic paper. The synthetic paper market size is expected to see strong growth in the next few years. It will grow to $1.47 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%.

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Major competitors in the Synthetic Paper market are PPG Industries Inc., DuPont de Nemours Inc., Nan Ya Plastics Corporation, Seiko Epson Corporation, Formosa Plastics Corp, TOYOBO CO. Ltd.

A key trend in the Synthetic Paper market includes rising cosmetics industry. The cosmetics industry refers to the production and sale of beauty products for skincare, makeup, and personal grooming. Synthetic paper is used in the cosmetics industry as a durable substrate for labels and packaging, resistant to moisture, chemicals, and tamper-evident seals. For instance, in 2022, according to the Connecticut Tree Protective Association's (CTPA), a UK-based non-profit organization, the sales of color cosmetics units were 118,172 units, compared to 112,257 units in 2021. Therefore, the rising cosmetics industry will drive the synthetic paper market.

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The Synthetic Paper market is segmented -

• By Raw Material: Biaxially-Oriented Polypropylene (BOPP), High-Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC)
• By Thickness: Below 200 microns, 200 to 400 microns, Above 400 microns
• By Application: Printing, Labels And Tag, Packaging, Other Applications
• By End-User: Industrial, Institutional, Commercial And Retail
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Synthetic Paper market.

The Business Research Company's "Global Synthetic Paper Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Synthetic Paper Market Include:

1. Executive Summary
2. Synthetic Paper Market Characteristics
3. Synthetic Paper Market Trends And Strategies
4. Synthetic Paper Market - Macro Economic Scenario
5. Global Synthetic Paper Market Size and Growth
……………………………………
32. Global Synthetic Paper Market Competitive Benchmarking
33. Global Synthetic Paper Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Synthetic Paper Market
35. Synthetic Paper Market Future Outlook and Potential Analysis
36. Appendix

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