Synthetic Paper Market
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The synthetic paper market is estimated to grow at a CAGR 8.12% rate during the forecast period. Increasing environmental concerns due to the use of wood pulp for the manufacture of paper has raised the demand for 100% recyclable alternatives, also rising applications for printing, and paper bags are expected to drive the Synthetic Paper Products Market. Furthermore, growing demand from end-use industries, such as paper and paper bags is also expected to fuel the demand for the market.
Based on raw material, BOPP is projected to lead the market derived out of increasing demand for frozen foods, packaging and labeling, business cards, calendars, book covers, newspapers, maps, and garments, and others. BOPP synthetic paper is widely used in various end-use industries due to its heat stability, water resistance, fatigue resistance, high tensile strength, and ease of printing properties. Increasing applications in various end-use industries, such as paper, packaging, and other across Asia Pacific, North America, and European regions has led to growth in market.
Paper end-use segment has led the market in 2018, preferred over pulp paper due to its properties such as 100% recyclability, moisture resistance, tear resistance, UV resistance, and durability. The use of synthetic paper is comparatively greater in the paper industry than in any other sector. Increasing demand for synthetic paper for outdoor advertising applications such as commercial prints, banners, signs, window displays, public relations, and media & entertainment, has also triggered demand in this industry.
The Asia Pacific region is anticipated to lead the market in 2019 and is also projected to grow at a high CAGR during the forecast period, attributed to the increasing demand from end-use industries, such as paper, packaging, food & beverages, cosmetics, pharmaceuticals, chemicals, and manufacturing across China, Japan, and India. Continuous industrialization and innovation in paper technology, and growing awareness about printability of synthetic paper is leading to the increasing consumption of synthetic paper.
Some of the major players in the market are 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).
Key Questions Addressed by the Report
- What are the future revenue pockets in the market?
- Which key developments are expected to have a long-term impact on the global 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 market?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Synthetic Paper Market, By Application
6. Synthetic Paper Market, By End-Use Industry
7. Synthetic Paper Market, By Raw Material
8. Synthetic Paper Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
9. Company Profiles
PPG Industries, Inc
HOP Industries Corporation
Transilwrap Company, Inc.
Cosmo Films Ltd
Toyobo Co. Ltd.
NAN Ya Plastics Corporation
Seiko Epson Corporation
American Profol Inc.
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