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The Asia Pacific region holds the largest market share in the global synthetic paper market. Get Sample PDF @ https://www.theinsightpartners.com/sample/TIPRE00003951/
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Global Synthetic Paper Market to 2027 www.theinsightpartners.com SYNTHETIC PAPER MARKET To 2027 Global Analysis and Forecasts by Product (BOPP, HDPE, PET, Others); Application (Label, Non-Label), and Geography 1
Global Synthetic Paper Market to 2027 www.theinsightpartners.com Synthetic Paper Synthetic Paper Market to Grow at Market to Grow at 8.1% 8.1% CAGR to Rea CAGR to Reach $ ch $ 1,244.5 1,244.5 Million by 2027 Million by 2027 Latest market study on “Synthetic Paper Synthetic Paper Market Market to 2027 – Global Analysis and Forecasts by Product (BOPP, HDPE, PET, Others); Application (Label, Non-Label)”, 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 Driven by the Growing needs for labelling and packaging in packed food and beverages provides an opportunity for the synthetic paper market growth and Increasing demands from packaging and printing applications is expected to boost the synthetic paper market. Exhibit: Global Synthetic Paper Market The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments. Growth of food and beverage industry will escalate the Synthetic Paper market at a CAGR of 8.1%. The scope of study involves understanding on the factors responsible for this growth of Synthetic Paper market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant Synthetic Paper players in the market and their key developments. 2
Global Synthetic Paper Market to 2027 www.theinsightpartners.com Early Buyers will receive 10% customization on reports Early Buyers will receive 10% customization on reports The BOPP based synthetic paper exhibits excellent resistance to moisture and chemicals as a result of which it is considered to be used as a better material for packaging and labeling applications. These type of synthetic paper are non-toxic and are used as a material of choice in the food and beverages packaging. These type of synthetic paper also possess characteristic properties like high-quality writ-ability and printability performance that helps the companies in enabling new designs for the development of labels that can be attractive. The waterproof, durability and longer shelf life properties make this type of synthetic paper the material of choice for beverages packaging. Synthetic paper is also eco- friendly and is a sustainable solution for printing applications in the food and beverages industry that has enhanced the synthetic paper market globally. The high mechanical strength of the synthetic paper is expected to boost the synthetic paper market growth in the coming years. The high performance properties of synthetic paper, such as chemical resistance, oil resistance, tear resistance, water resistance, UV resistance durability, longer shelf life, etc. have gained high popularity as a preferred material in a wide range of end-use applications. As compare to conventional paper, the synthetic papers have superior characteristics to support high-performance printing with ease and are also reliable. Synthetic paper possesses properties such as excellent optical, thermal, and physical properties and are capable of being die-cut embossed, perforated, laminated, coated, and stitched that has led to increasing requirements in certain value-added applications. 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. 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. The global synthetic paper market by the applications has been segmented into the label and non-label applications. The non-label segment accounted for the largest share in the global synthetic paper market. The non-label application of synthetic paper adapts to most of the printing processes such as flexography, lithography, screen and rotary letterpress. As the synthetic paper is tear-resistant and also exhibits resistance against water and grease, the printing application is widely used in the synthetic paper. Synthetic bags are gaining growing importance as they are water-resistant and tear- resistant and are commonly used in the geographical regions that are estimated to have high rainfalls and can also 3
Global Synthetic Paper Market to 2027 www.theinsightpartners.com adhere to harsh conditions. Synthetic paper is widely used in displays such as graphs, business cards, calendars and poster, banners and many others. Request Sample Copy of this report at Request Sample Copy of this report at https://www.theinsightpartners.com/sample/TIPRE00004259/ https://www.theinsightpartners.com/sample/TIPRE00004259/ The Asia Pacific region holds the largest market share in the global synthetic paper market. The production and consumption rate of synthetic paper is rapidly increasing with China and Japan being the major markets for the global synthetic paper market. The Asia Pacific has emerged as the largest consumers and exporter of synthetic paper. The Asia Pacific synthetic paper market is characterized by the presence of players such as Arjobex SAS, Cosmo Films Limited, NAN Ya Plastics Corporation, PPG Industries Inc., and Toyobo Co. Ltd. among others. 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. Under the raw materials segment, the BOPP segment accounted for the largest share in the global 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 global synthetic paper market in BOPP segment was valued at US$ 383.1 Mn in the year 2018 and it is expected to grow at a CAGR of 8.7% during the forecast period 2019-2027, to reach US$ 790.3 Mn in the year 2027. The various properties such a tear resistance and easy printing on the surface has led to an upsurge in the growth and demand of the BOPP synthetic paper all over the globe from application industries such as the labeling of products. 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% Exhibit: APAC Synthetic paper Market by Applications Exhibit: APAC Synthetic paper Market by Applications 4
Global Synthetic Paper Market to 2027 www.theinsightpartners.com 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. Place a Direct Purchase Order to obtain Copy of this report at Place a Direct Purchase Order to obtain Copy of this report at https://www.theinsightpartners.com/buy/TIPRE00003951/ https://www.theinsightpartners.com/buy/TIPRE00003951/ The Strategic Insights and Recent Developments in The Strategic Insights and Recent Developments in Synthetic Paper Synthetic Paper Industry: Industry: 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. 5
Global Synthetic Paper Market to 2027 www.theinsightpartners.com 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. 6
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