Global Synthetic Paper Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global synthetic paper market in its upcoming report titled, “Global synthetic paper market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global synthetic paper market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global synthetic paper market report has been segmented on the basis of type, application, and region.
Use of synthetic resin derived from petroleum which offers similar qualities as that of wood pulp is called as synthetic paper. Nowadays products made by combining regular paper and plastic film are also used as synthetic paper for various applications. Synthetic paper offers advantages such as water and tear resistance, UV resistance, superior print quality and are recyclable.
Rapid development in printing and packaging industry is a major factor driving growth of the global synthetic paper market. In addition, increasing adoption of synthetic paper for various application in sectors such as chemical, cosmetics, etc. is another factor further driving growth of the global market. Increasing demand for synthetic paper for labeling from pharmaceutical industry is expected to further drive growth of the global market to a significant extent over the forecast period.
Fluctuating prices of crude oil is expected to hamper growth of the global synthetic paper market. In addition, high cost as compared to conventional paper is another factor expected to hamper growth of the global market over the forecast period. Technological advancements in packaging industry and packaging technology coupled with increasing demand for eco-friendly products are expected to create lucrative business opportunities for major players in the global market over the next 10 years.
High manufacturing cost and fluctuating raw material prices are key factors hampering growth of the Global Wireless Microphone Market . The current trend observed in the market is increasing demand for flexible wearables, smart watches, and flexible displays, which is another factor expected to further support growth of the target market. Increasing adoption of flexible electronics in smart applications is expected to present lucrative business opportunity to major manufacturers and vendors in the global market over the next 10 years.
AsaiAsia Pacific market dominates the global synthetic paper market in terms of revenue with a share of XX.X% and is expected to maintain its dominance over the forecast period. Rapid development in packaging industry coupled with presence of major player in countries such as Japan, South Korea, China are major factor driving growth of the Asia Pacific synthetic paper market. Low labor cost and increasing investments in eco-friendly products are other factors further driving growth of the Asia Pacific synthetic paper market. The Europe synthetic paper market is expected to witness considerable growth over the forecast period. The North America synthetic paper market is expected to witness significant growth and is projected to register a CAGR of XX.X% over the next 10 years. This growth can be attributed to increasing demand for processed food & beverages in this region.
Global synthetic paper market segmentation:
Segmentation on the basis of type:
- Biaxially-Oriented Polypropylene (BOPP)
- High Density Polyethylene (HDPE)
Segmentation on the basis of application:
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Yupo Corporation
- Nan Ya Plastics Corporation
- Arjobex SAS
- PPG Industries, Inc.
- Hop Industries Corporation
- American Profol Inc.
- MDV Papier-und Kunststoffveredelung GmbH
- Relyco Sales, Inc.
- Transilwrap Company, Inc.
- Seiko Epson Corporation
- Agfa-Gevaert N.V.
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