Synthetic Paper Market Analysis by Application 2024

19^th March 2020 – The global “Synthetic Paper Market” presents a widespread and elementary study of Synthetic Paper business at the side of the analysis of subjective aspects which is able to give key business insights to the readers. World Synthetic Paper Market analysis report offers the analytical read of the business by learning various factors like Synthetic Paper Market growth, consumption volume, market trends and Synthetic Paper business price structures throughout the forecast amount from 2013 to 2024.

The global Synthetic Paper Market size is anticipated to value at USD 1.3 billion by 2024. The market is subject to witness a substantial growth due to the growing environmental concerns and numerous initiatives taken by local governments coupled with rising need for packaging and labeling in packaged food & beverages. Numerous benefits offered by the use of synthetic paper include recycling and reduction in byproducts during manufacturing processes, are some of the key factors driving growth of the market in the present times. The adoption of the synthetic paper allows reusability over period of the time, while adoption of conventional paper cannot be recycled more than two to three times.

Additionally, essential properties associated with synthetic paper includes water resistant, dust resistance, stress resistant, and heat resistant, thus fueling growth of the market in recent times. Globally, the synthetic paper market is predicted to grow at CAGR of 7.1% in forecast period, providing numerous opportunity for market players to invest for research and development in the synthetic paper industry.

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Main features of the report:

·         To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Synthetic Paper Market.

·         A complete backdrop analysis, which includes an assessment of the parent market

·         Important changes in market dynamics

·         Market segmentation up to the second or third level

·         To provide country level analysis of the market for segment by application, product type and sub-segments.

·         To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

·         Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Synthetic Paper Market.

·         Emerging niche segments and regional markets

·         An objective assessment of the trajectory of the industry.

The synthetic paper offers excellent physical properties such as resilience and high stress resistance coupled with along suitable chemical properties for various labeling services, thus boosting growth of the synthetic paper market in near future. Application of synthetic paper varies from packaging industry to chemicals industry. Increasing cost associated with crude oil is likely to hamper cost of PP and PE, leading to the rising in constraint for market growth. Additionally, increase in applications of synthetic paper and availability of raw materials are key factors restraining growth of the market.

Rise in activities such as deforestation by regional governments and environment protection organizations are some of the major factors for rise in adoption of synthetic papers. The regular use of synthetic paper promotes conservation of the environmental resources. Consistent growth of the packaging and labeling industry across the globe is subject to increase market value of synthetic paper during the forecast period.

Growing preference towards carton packaging and blister packaging is expected to drive the synthetic paper industry in coming years. Synthetic paper is perfect blend of premium quality associated with the high-cost papers and strength of plastic films coupled with a smooth surface, makes an ideal choice for present and future applications. The use of synthetic paper allows integration of miniature electronic devices such as RFID tags, which are mainly used in passports to provide durability, security, and high-performance

The synthetic paper market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. Asia-Pacific region is predicted to hold major market share in the synthetic paper industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with blooming packaging industry due to substantial rise in the consummation of the packaged food and soft drinks.

The key players in the synthetic paper industry are PPG Industries, Arjobex Co., DuPont, American Profol Inc., Hop Industries Co., Taghleef Industries, Nan Ya Co., and Neenah Papers.

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