Global Synthetic Paper Market to Outgrow USD 601.4 MN by 2025
Posted On April 18, 2019
The Global Synthetic Paper Market is expected to cross USD 601.4 MN by revenue in 2025 with a CAGR of 7% between 2019 and 2025. The market was valued at USD 374.5 MN (by revenue) in 2018 as per the new report released by Value Market Research. Increasing usage of synthetic paper for packaging purpose across different industries such as cosmetics, chemicals, and food & beverages is stoking the market growth as per the report analysis. Growing concern over deforestation among people is projected to raise the usage of synthetic paper as a substitute for the conventional paper, thus supporting the growth of this market Moreover, the rising popularity of carton and blister packaging along with the increasing demand from printing and finishing application is also projected to augment the market growth. Additionally, increasing usage of synthetic paper for securing credential & identity cards and e-passports application coupled with the rising demand for a banner ad is again presumed to support the market growth during the study period of 2019-2025.
Synthetic paper is produced by using synthetic resin as the main ingredient which is derived from petroleum. It has properties similar to the plastic film and looks same like paper produced from wood pulp. Synthetic paper is durable and shares certain properties of paper as well as a film such as a grease, tear, chemical, and water resistance. They provide different functionalities for a range of application across industries such as pharmaceuticals, cosmetics, and food & beverages for printing, packaging and labeling.
The report "Global Synthetic Paper Market Report By Product (HDPE, BOPP And Others), By Application (Non-Label And Label) And By Regions - Industry Trends, Size, Share, Growth, estimation, and forecast, 2018-2025" provide complete details on historical data along with expert analysis, performance forecasts, and competitive landscape.
The market for synthetic paper has been segmented into product, application, and region. By-product the market has been classified into HDPE, BOPP, and others. Among which, Biaxially Oriented PolyPropylene (BOPP) is gaining huge demand owing to the high application across flexible packaging. They are also gaining demand from other end-user industries owing to their cost-effectiveness and excellent moisture barrier properties. By application, the market has been bifurcated into non-label and label. The non-label application is dominating the segment owing to rising demand from packaging application. Also, growing demand for banners, charts, map making, and graphic arts is further propelling the product demand. Regional segmentation has been done over North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. At present Asia-Pacific is the largest regional market for global synthetic paper market owing to flourishing packaging industry along with the rising demand for packaged food products in the region. The growth can also be attributed to the rising utilization of the product across various end-user industries such as cosmetic, pharmaceutical, food & beverage sector, and chemical industries.
The Report Segments Global Synthetic Paper Market -
- North America
- Latin America
- Middle East and Africa
Players Profiled in the Report:
Agfa-Gevaert N.V., American Profol Inc., Arjobex Sas, Hop Industries Corporation, Nan Ya Plastics Corporation, Ppg Industries, Inc, Seiko Epson Corporation and Yupo Corporation among others.
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