Synthetic Paper Market worth 1 286 million bym

Synthetic
Paper Market worth $1,286 million by 2027

According to a research report
"Synthetic
Paper Market by Raw Material
(BOPP, HDPE, PET, and PVC), Application (Printing, Labels & Tags,
Packaging), End-use Industry (Industrial, Institutional, and Commercial/Retail)
and Geography - Global Forecast to 2027"
published by MarketsandMarkets, the global synthetic paper market size is
estimated at USD 766 million in 2021 and is projected to reach USD 1,286 million
by 2027, at a CAGR of 9.2%, between 2022 and 2027. The growth of the global
synthetic paper market is directly related to the strict government regulation
against deforestation which results in high demand for conventional resources.

For over more four decades,
the global demand for paper has increased by 400%, with harvested trees
accounting for 35% of all paper produced. The environmentally friendly
manufacturing and recyclable nature of synthetic paper will help it gain market
share in the forecasted period. The increasing population and urbanization in
different world regions are the major determinants of the global synthetic
paper market growth. The rise of China as a global manufacturing powerhouse has
increased the demand for synthetic paper globally.

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Browse in-depth TOC on "Synthetic Paper Market"

279 - Tables

43 - Figures

203 – Pages

BOPP is the largest raw material segment of the synthetic
paper market

Based on raw materials, the synthetic paper market
includes BOPP, HDPE, PET, and PVC. The BOPP raw material segment led the
application segment of the market in terms of both value and volume. BOPP is
extensively used in applications that require heat stabilities, water and
fatigue resistance, high tensile strength, and ease of printing. Due to the
ability to be manufactured into a thin transparent substrate, BOPP can be used
for labels and printing applications. BOPP can be environmentally friendly and
low in toxicity, making this synthetic paper used to pack food items and
beverages.

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Printing is the largest applications segment of the
synthetic paper market

Based on applications, the synthetic paper market is
divides into printing, labels & tags, packaging, and others. Printing is
the largest application of synthetic paper. It has micropores on the surface,
enabling better affinity for ink holding and providing a high-quality finish.
Its properties such as durability, tear resistance, water resistance, scratch
resistance, and abrasion resistance make it an important substrate against
conventional papers.

The synthetic paper has a lower static surface, which
prevents double feeding and eases the printing process, making synthetic papers
suitable with various printers for several printing applications. These
printing applications include menus, personalized marketing materials, point of
purchase displays, wrist bands, cards/envelopes, tickets/passes, and labels for
various end-use industries.

Asia Pacific is the largest market for synthetic paper
market

The Asia Pacific region is projected to be the largest
market, in terms of value. Asia Pacific is expected to grow at a CAGR of 9.4%
during the forecast period. The growth of Asia-Pacific region can be attributed
to the high economic growth rate and various eating habits, packaging &
printing preferences of people across different countries of the region. Also,
the multiplying population of the region presents a huge customer base for
fast-moving consumer goods (FMCG) products and packaged food & beverages,
which is expected to lead to the growth of the synthetic paper market during
the forecast period.

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Asia Pacific is the largest and the most promising
synthetic paper market and is expected to continue during the forecast period.
Rising population, growth in disposable income, rapid industrialization, and
increased urbanization are driving the synthetic paper market in Asia Pacific.
The market in the region is mainly driven by various end-use industries, such
as foods & beverages, cosmetics, pharmaceuticals, chemicals, and manufacturing.

PPG Industries, Inc. (US), Seiko Epson Corporation
(Japan), Agfa-Gevaert Group (Belgium), Yupo Corporation (Japan), and Arjobex
SAS (France) are key players in synthetic paper market.

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