DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The Synthetic Paper Market is Estimated to be USD 587 Million in 2019 and is Projected to Reach USD 873 Million by 2024, at a CAGR of 8.3%
Key factors expected to drive the synthetic paper market include 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. Market growth is expected to be restricted due to the high cost and lack of awareness about the usage of synthetic paper.
The BOPP raw material segment is projected to grow at the highest CAGR in the synthetic paper market during the forecast period
Based on raw material, the synthetic paper market has been segmented into BOPP, HDPE, and others. BOPP is used in applications which require heat stability, water resistance, fatigue resistance, high tensile strength, and ease of printing. The demand for the BOPP segment is expected to grow at a higher CAGR during the forecast period due to increase in demand for frozen food, packaging and labeling, business cards, calendars, book covers, newspapers, maps, and garments, among others.
The paper segment is expected to lead the synthetic paper market during the forecast period
The paper end-use industry segment of the synthetic paper market is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the rise in global demand for the printing application. In addition, this industry is expected to witness growing demand from developed regions, such as Asia Pacific, North America, and Europe. Synthetic papers are widely used in the printing application owing to properties, such as moisture resistance, tear resistance, UV resistance, and durability.
Asia Pacific is projected to grow at the highest CAGR in the synthetic paper market during the forecast period
The Asia Pacific synthetic paper market is projected to grow at the highest CAGR during the forecast period. High demand from China, Japan, and India is expected to drive the market in this region. Improving lifestyles of populations, rising environmental concerns, and high demand for printing applications in the countries of this region are fueling the growth of the synthetic paper market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Significant Opportunities for Synthetic Paper Market
4.2 Synthetic Paper Market: Key Regions
4.3 Synthetic Paper Market in Asia-Pacific
4.4 Synthetic Paper Market Attractiveness
4.5 Synthetic Paper Market Share, By Type
4.6 Synthetic Paper Market: Developing Nations vs Developed Nations
4.7 Fastest-Growing Market, By Application
4.8 Life Cycle Analysis, By Region
5 Market Overview
5.2 Market Segmentation
5.3 Market Dynamics
188.8.131.52 Increase in Demand Due to Eco-Friendly and Recyclable
184.108.40.206 Highly Customized Grades as Per Applications
220.127.116.11 Costlier Than Pulp Paper
18.104.22.168 Dependent on Crude Oil Prices
22.214.171.124 Continuous Developments in the Printing and Packaging Technologies
126.96.36.199 Increasing Concerns Against Deforestation
188.8.131.52 High Economic Growth in Asia-Pacific Market
6 Industry Trends
6.2 Value Chain Analysis
6.2.1 Research and Development
6.2.2 Raw Material
6.2.4 Distribution Network
6.2.5 End User
6.3 Porter's Five Forces Analysis
7 Synthetic Paper Market, By Application
7.4 Paper Bags
8 Synthetic Paper Market, By Raw Material
9 Synthetic Paper Market, By Raw End-Use Industry
10 Synthetic Paper Market, By Region
10.2.5 South Korea
10.2.6 Rest of Asia Pacific
10.3.5 Rest of Europe
10.4 North America
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.3 South Africa
10.5.4 Rest of Middle East & Africa
10.6 South America
10.6.3 Rest of South America
11 Competitive Landscape
11.1 Dive Analysis
11.2 Ranking of Key Market Players in the Synthetic Paper Market
12 Company Profiles
- Agfa-Gevaert N.V.
- American Profol Inc.
- Arjobex SAS
- HOP Industries Corporation
- MDV Papier - UND Kunststoffveredelung Gmbh
- Nan Ya Plastics Corporation
- PPG Industries, Inc
- Relyco Sales, Inc.
- Seiko Epson Corporation
- Transilwrap Company, Inc.
- Yupo Corporation
For more information about this report visit https://www.researchandmarkets.com/r/r027xl