Jul 29,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Synthetic Paper Market.
It was estimated prior to this unanticipated outbreak that the Synthetic Paper Market was expected to grow at a CAGR of 7.9% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Synthetic paper is a suitable printing material for indoor advertisements, posters, banners, and other kinds of photo printing. The unique layer of coating on the paper makes the content more colorful and attractive as well as exhibits resistance against chemicals, grease, folding, and heat. This, in turn, increases its application in the development of products for food packaging and other industries.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the raw material type, the market is segmented as BOPP (biaxially-oriented polypropylene), HDPE (high-density polyethylene), and others. The BOPP segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. The wide use of BOPP papers in packaging and labeling, business cards, calendars, book covers, newspapers, maps, and garments is propelling the growth of this segment during the forecast period.
Based on the application type, the synthetic paper market is segmented as label and non-label. The label segment dominates the market. Increasing application of synthetic paper in the label industry, due to its remarkable properties, such as exceptional printability, predictable convertibility, and a smooth surface for improved production is expected to drive the market during the forecast period.
Based on the end-use industry type, the market is segmented as packaging and paper. The paper industry segment dominates the market, as synthetic paper outperforms the properties of pulp paper, such as 100% recyclability, moisture resistance, tear resistance, UV resistance, and durability.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for synthetic papers during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as paper, packaging, food & beverages, cosmetics, pharmaceuticals, chemicals, and manufacturing, which is generating huge demand for synthetic papers and the presence of a large number of synthetic paper manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Some of the major synthetic paper manufacturers are-
- PPG Industries
- American Profol
- Nan Ya Plastics Corporation
- Agfa-Gevaert Group
- Yupo Corporation
- Arjobex SAS
- Toyobo Co., Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Synthetic Paper Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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