DUBLIN--(BUSINESS WIRE)--The "Synthetic Paper Market to 2027 - Global Analysis and Forecasts by Product; Application, and Geography" report has been added to ResearchAndMarkets.com's offering.
The global synthetic paper market accounted for US$ 630 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.
Synthetic papers are defined as eco-friendly opaque plastics that are composed of polybutylene, polypropylene and polyethylene. The synthetic paper possess excellent performance qualities such as a tear, water and grease resistance and are therefore used in a number of applications of labeling and non-labeling that has helped the expansion of the synthetic paper market globally.
In 2018, the non-label application segment contributed to the largest market share in the global synthetic paper market. The growth of the non-label application segment is mainly attributed to the increase in demand of synthetic paper for various non-label applications including maps, charts, banners, graphics, lifeguarding manuals, boating books, children's books graphics among others.
Moreover, increasing awareness among the people in the developing region such as the Asia Pacific has stimulated the use of synthetic paper due to its recyclability and environment friendliness and has favored the synthetic paper market globally. There is a significant growth in the demand by a non-label application for printing pamphlets and banners for various promotional activities, which is also boosting the growth of the synthetic paper market. Synthetic paper meets out the environmental requirements and does lead to pollution. Therefore, they are largely adopted by companies offering sustainable solutions.
The governments in the Asia Pacific region are taking initiatives to boost sustainable packaging solutions. For instance, in India, the packaging of food materials and other edibles are administered by the Ministry of Health and Family Welfare under the Prevention of Food Adulteration Act, 1954. The act states that the materials used for packaging must conform to the requirements of the Bureau of Indian Standards.
Some of the players present in the global synthetic paper market are 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.
Key Topics Covered
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Global Synthetic Paper Market - By Raw Material Type
1.3.2 Global Synthetic Paper Market - By Application
1.3.3 Global Synthetic Paper Market - By Geography
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Synthetic Paper Market Landscape
4.1 Market Overview
4.2 Pest Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe Pest analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East and Africa PEST Analysis
4.2.5 South America PEST Analysis
4.3 Expert Opinions
5. Synthetic Paper Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Demands from End-Use Applications
5.2 Key Market Restraints
5.2.1 High Costs and Other Disadvantages Associated With Synthetic Papers
5.3 Key Market Opportunities
5.3.1 Growing Needs for Labelling and Packaging in Packed Food and Beverages
5.4 Key Future Trends
5.4.1 Increasing Demands From Developing Regions
5.5 Impact Analysis
6. Synthetic Paper - Global Market Analysis
6.1 Global Synthetic Paper Market Overview
6.2 Global Synthetic Paper Market Forecast And Analysis
7. Global Synthetic Paper Market Analysis - By Raw Material
7.2 Global Synthetic Paper Market Breakdown, By Raw Material, 2018 & 2027
8. Global Synthetic Paper Market Analysis - By Application
8.2 Global Synthetic Paper Market Breakdown, By Application, 2018 & 2027
9. Synthetic Paper Market - Geographic Analysis
9.2 North America Synthetic Paper Market Revenue And Forecasts To 2027
9.3 Europe Synthetic Paper Market Revenue And Forecasts To 2027
9.4 Asia Pacific Synthetic Paper Market Revenue And Forecasts To 2027
9.5 Middle East And Africa Synthetic Paper Market Revenue And Forecasts To 2027
9.6 South America Synthetic Paper Market Revenue And Forecasts To 2027
10. Industry Landscape
10.1 Product News
10.2 Strategy & Business Planning
11. Company Profiles
11.1 Agfa-Gevaert Group
11.2 American Profol Inc.
11.3 Arjobex SAS
11.4 Cosmo Films Limited
11.5 Hop Industries Corporation
11.6 Nan Ya Plastics Corporation
11.7 PPG Industries Inc.
11.8 Toyobo Co. Ltd.
11.9 Transcendia Inc.
11.10 Yupo Corporation
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