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Synthetic Paper Market to Generate USD 1,244.5 Mn bh 2027

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Synthetic Paper Market to Generate USD 1,244.5 Mn bh 2027

November 29
14:21 2021
Synthetic paper market to grow at a CAGR of 8.1% During 2019-2027. The Asia Pacific region holds the largest market share in the global market.

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.

Strategic Insights

Report Coverage

Details

Market Size Value in

US$ 630.0 Million in 2018

Market Size Value by

US$ 1,244.5 Million by 2027

Growth rate

CAGR of 8.1% from 2019-2027

Forecast Period

2019-2027

Base Year

2019

No. of Pages

141

No. Tables

54

No. of Charts & Figures

65

Historical data available

Yes

Segments covered

Product ; Application , and Geography

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

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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.

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

Synthetic papers are mainly being used in point of purchase display materials, envelopes and cards, passes and tickets, advertisement displaying articles, household product labeling and food labeling, identification tags, restaurant menus, signboards, banners, passports and id cards, waterproof maps, club cards, graphic arts, and various others. Rising demand for synthetic papers in paper bags and end-use industries like food and beverages, pharmaceuticals, packaging, cosmetics, and chemicals is expected to boost the overall growth of the synthetic paper market.

Impact of COVID-19 on Synthetic Paper Market:

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Synthetic Paper Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

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Synthetic Paper Market: Raw Material

Based on raw material, the global synthetic paper market has been segmented into BOPP, HDPE and others. Under the raw materials segment, the BOPP market led the global synthetic paper market. Moreover, the HDPE segment is anticipated to register the fastest CAGR over the projected period for the 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 BOPP synthetic paper is known to be ideal for its printing surface and can be used to make stickers and labels which has helped to favor the synthetic paper market across the globe.

Synthetic Paper Market: Competitive Landscape and Key Developments

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.

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Mergers and acquisition were observed as the most adopted strategies in global synthetic market. Few of the recent developments in the global synthetic market are listed below:

2019:

Agfa-Gevaert Group signed a distribution agreement with Fujitex Co., Ltd. for the distribution of synthetic paper, Synaps XM. 

2018:

Yupo Corporation America joined the Sustainable Green Printing Partnership, (SGP), as a Silver Level Patron. Yupo aims to join other print industry leaders so as to promote sustainability and achieve the aims of SGP and keeping costs low for certification of print facilities.

2017:

Cosmo Films introduced new synthetic paper, biaxially oriented polypropylene films based synthetic paper. It is printable with UV flexo and wet offset, letterpress, thermal transfer, and other printing technologies.

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