Industry Analysis
The synthetic paper appears same as a regular paper, but their feature is similar to the plastic films. As synthetic paper has superior physical and chemical properties, they provide many and diverse benefits over the ordinary paper. The manufacture of the synthetic paper usually utilizes petroleum derivatives which contain synthetic resins like the polypropylene and polyethylene. The synthetic papers are eco-friendly, inorganic and less amount of byproducts are produced throughout its manufacturing.
Global Synthetic Paper Market was valued at USD 768.00 million in 2021 and is expected to reach USD 2034.47 million by 2029, registering a CAGR of 12.95% during the forecast period of 2022-2029. Biaxially Oriented Polypropylene (BOPP) accounts for the largest raw material segment in the respective market owing to high use in applications that require heat stabilities, and water and fatigue resistance, among others. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Synthetic Paper Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analyzed based on the tools such as Porter’s five forces analysis. The study throws light upon market attractiveness where all the
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Synthetic Paper Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increase in demand for eco-friendly and recycled packaging
The increase in the inclination of consumers towards eco-friendly and recycled packaging acts as one of the major factors driving the growth of synthetic paper market. The high demand for synthetic resins owing to their exceptional properties offered by the material such as resistance against chemical, oil, tear, and moisture, among others drives the market further.
- Rise in use in Various Industries
The rise in the use of synthetic paper in industries, such as food and beverages, transportation, pharma goods, packaging, and consumer goods, among others accelerate the market growth. The increase in awareness regarding the use of environmentally friendly products has a positive impact on the market.
- Use in Indoor Advertisements
The use of synthetic paper as printing medium for indoor advertisements, banners, and posters, among other photo printing. These papers are known to make images more colorful and attractive.
Additionally, the surge in investments, expansion of manufacturing industries, usage in consumer goods packaging and rapid industrialization positively affect the synthetic paper market.
Opportunities
Furthermore, increase in concerns about pulp paper for environmental pollution extend profitable opportunities to the market players 2022 to 2029. Also, favorable stringent government regulations will further expand the market.
An excellent Data bridge market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the Chemical and Materials industry. Quality and transparency are strictly maintained while carrying out research studies to offer an exceptional market research report for specific niche.
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Industry Segmentation and Size
The synthetic papers market is segmented on the basis of raw material, application and end use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Raw Material
- Biaxially Oriented Polypropylene (BOPP)
- High Density Polyethylene (HDPE)
- Others
Application
- Printing
- Paper Bags
- Labels
End use Industry
- Paper
- Packaging
- Others
Market Country Level Analysis
- The countries covered in the synthetic papers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Industry Share Analysis
Some of the major players operating in the synthetic papers market are
- DuPont. (US)
- Agfa-Gevaert Group. (Belgium)
- PPG Industries, Inc. (US)
- NAN YA PLASTICS CORPORATION. (Taiwan)
- ARJOBEX SAS (UK)
- RELYCO. (US)
- Transcendia (US)
- Seiko Epson Corporation. (Japan)
- YUPO CORPORATION (Japan)
- Formosa Plastics Group (Taiwan)
- Granwell Products Inc (US)
- Folex (India)
- Profol GmbH (Germany)
- Sihl AG (Switzerland)
- Japan Pulp Paper Co., Ltd. (Japan)
- Aluminium Féron GmbH Co. KG (Germany)
- B F Plastics, Inc. (US)
- Jindal Poly Films Limited (India)
- VALÉRON (US)
- Cosmo Films Ltd. (India)
- TOYOBO CO., LTD. (Japan)
Synthetic Paper Market Report Answers the Following Questions:
- What is the current size of the Synthetic Paper Market?
- What are the key drivers and challenges for the Synthetic Paper Market?
- What are the different types of Synthetic Paper Market?
- What are the leading companies operating in the Synthetic Paper Market?
- What is the future outlook for the Synthetic Paper Market?
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