Synthetic Paper Market Report 2024: Strategies And Recent Developments | PPG Industries Inc., DuPont de Nemours Inc., Nan Ya Plastics Corporation, Seiko Epson Corporation, Formosa Plastics Corp

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Synthetic Paper Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to growth in e-commerce, demand for food and beverage packaging, medical and healthcare expansion, increasing demand for textile. Major trends in the forecast period include sustainability and eco-friendly solutions, digital printing advancements, in-mold labeling (iml), high-temperature applications.

Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=12971&type=smp

Market Segmentation:
The main types of synthetic paper raw materials are biaxially oriented polypropylene (BOPP), high-density polyethylene (HDPE), polyethylene terephthalate (PET), and polyvinyl chloride (PVC). Biaxially oriented polypropylene (BOPP) film is a thin plastic film that has undergone both mechanical and manual cross-direction stretching. They are available in various thicknesses, such as below 200 microns, 200 to 400 microns, and above 400 microns, that are used in various applications such as printing, labels and tags, packaging, and others and are utilized by various end-users such as industrial, institutional, commercial and retail.

Major Driver - Rising E-Commerce Industry Propels Growth In The Synthetic Paper Market
The growing e-commerce industry is expected to propel the growth of the synthetic paper market going forward. 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. For instance, in 2021, according to the International Trade Administration, a US-based Department of Commerce, global retail consumer goods e-commerce sales increased by 10.8% from $4,891 billion to $5,424 billion. Further, in May 2023, according to the Census Bureau, a US-based agency for the Federal Statistical System, the estimated U.S. retail e-commerce sales increased by 7.8% from 252.8 million in 2022 to 272.6 in 2023. Therefore, the Growing e-commerce industry will drive the synthetic paper market.

Competitive Landscape:
Major players 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., Neenah Inc., Jindal Poly Films Limited, Agfa-Gevaert N.V., PaperWorks Inc., Cosmo Films Ltd., Sihl AG, Transcendia Inc., Transilwrap Company Inc., YUPO Corp, MDV Papier- und Kunststoffveredelung GmbH, Nekoosa Coated Products LLC, HOP Industries Corporation, VALÉRON Strength Films Inc., Profol Americas Inc., ARJOBEX SAS, Elastin International Corp, Graytex Papers LLC, Granwell Products Inc., B&F Plastics Inc.

Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/synthetic-paper-global-market-report

Top Trend - Innovation In The Synthetic Paper Market
Major companies operating in the synthetic paper market are focused on innovating advanced products, such as Xerographic Matt (XM) synthetic paper to strengthen their position in the market. It is a type of synthetic paper that is resistant to water and tearing without lamination. For instance, in November 2021, Agfa-Gevaert N.V., a Belgium-based corporation that creates, manufactures and sells analog and digital photographic goods and systems, launched SYNAPS Xerographic Matt (XM) synthetic paper, which contains an agent that prevents the settlement and growth of viruses and bacteria on its surface. It is uniquely designed with chemicals that remain active for the whole life of synthetic paper and preserves toner-covered print regions. Independent ISO 20743 and ISO 18184 testing has demonstrated a product efficiency of up to 99.99%.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Synthetic Paper Market Characteristics
3. Synthetic Paper Market Trends And Strategies
4. Synthetic Paper Market - Macro Economic Scenario
5. Synthetic Paper Market Size And Growth
…..
27. Synthetic Paper Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

This release was published on openPR.