Synthetic Paper Market, By Application and End-Use Industry
The Synthetic Paper Market is estimated at USD 587 million in 2019 and is projected to reach USD 873 million by 2024, at a CAGR of 8.3% from 2019 to 2024.
Browse 89 market data Tables and 42 Figures spread through 132 Pages and in-depth TOC on "Synthetic Paper Market by Raw Material (BOPP, HDPE), Application (Labels, Printing, and Paper Bags), End-Use Industry (Packaging, Paper), Region (North America, Europe, APAC, South America, Middle East & Africa) - Global Forecast to 2024".
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Rising environmental concerns due to the use of wood pulp for the manufacture of paper, 100% recyclability, and rising applications for printing, and paper bags are expected to drive the Synthetic Paper Products Market. Growing demand from the Asia Pacific region from end-use industries, such as paper and paper bags are also expected to fuel the demand for Global Synthetic Paper Market.
Key questions addressed by the report
- What are the future revenue pockets in the synthetic paper market?
- Which key developments are expected to have a long-term impact on the global synthetic paper market?
- Which products, equipment, and processes are expected to cannibalize existing markets?
- How is the current regulatory framework expected to impact the market?
- What will be the future product mix of the synthetic paper products market?
- What are the prime strategies of leaders in the synthetic paper market?
The printing segment is projected to grow at the highest CAGR, in terms of value during the forecast period
Based on application, the printing segment is projected to grow at the highest CAGR owing to the increase in demand for more durable and superior quality prints which can also be used for outdoor applications. The applications of synthetic paper include menus, personalized marketing material, point of purchase displays, advertisement displays, wrist bands, cards / envelopes, tickets / passes, and labels for various end-use industries, among others.
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Key Market Players
Nan Ya Plastics Corporation(Taiwan), PPG Industries (US), Agfa-Gevaert Group (Belgium), Yupo Corporation (Japan), Arjobex SAS (France), American Profol (US), HOP Industries Corporation (US), Relyco Sales (US), Transilwrap Company, Inc. (US), Cosmo Films (India), Neenah Inc. (US), and Toyobo Co., Ltd (Japan), among others are the major players in the synthetic paper market.
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