The “Global Synthetic Paper Market to 2027 - Analysis and Forecasts by Analysis and Forecasts by Product (BOPP, HDPE, Others); Application (Label, Non-Label), and Geography” 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.
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. The Asia Pacific accounted for the highest share in the global synthetic paper market. The expansion of the synthetic paper market in this region is primarily attributed to the higher production of synthetic paper in countries such as China and Japan. China is the largest producer of synthetic paper, globally. Synthetic paper is widely used for the labeling and non-labeling applications in the Asia Pacific region and is considered to be the largest producer and exporters of synthetic paper. Due to growing government support and massive scope for export, the demand for synthetic paper has considerably increased in the Asia Pacific region.
Based on raw materials, the synthetic paper market is categorized into BOPP, HDPE and others. The BOPP segment dominated the global synthetic paper market. Moreover, the HDPE segment is anticipated to grow at a faster pace over the projected period. The growth of the BOPP segment is mainly attributed due to its good printing effect, non-aging benefits and high tensile strength. Moreover, BOPP synthetic paper has a wide range of applications like in commercial packaging, the printing of calendars, posters, business cards and many others. The growing applications of the synthetic paper in various end-use is projected to drive the BOPP market during the forecast period.
The global synthetic paper market by geography is segmented into six regions, including North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific region is expected to account for the largest share of the global synthetic paper market in 2018, followed by North America. In addition China and Japan are the two key countries in the Asia Pacific region which are expected to significantly drive the synthetic paper market and also expected to continue its dominance in terms of CAGR throughout the forecast period from 2019 to 2027. Some of the key players in the 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.
The report segments the global synthetic paper market as follows:
Global Synthetic Paper Market – By Raw Material
Global Synthetic paper Market – By Application
Global Synthetic paper Market – By Geography
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