The global synthetic paper market is expected to reach USD
454.5 million by 2024, according to a new report by Grand View Research, Inc.
Synthetic paper is an eco-friendly alternative to the conventional wood pulp
based paper. Growing consumer awareness regarding utilization of
environmentally friendly products and supportive government regulations are
likely to propel growth over the forecast period.
Manufacturers have been involved
in extensive R&D to produce the synthetic paper which is water and tear
resistant, scuff resistant, and provides easy printability. Technological
advancement in printing technologies is also likely to propel its growth over the
next eight years. Inkjet technology is one of the most popular printing
techniques for the synthetic paper.
Browse full research report on Tea Polyphenols Market: http://www.grandviewresearch.com/industry-analysis/synthetic-paper-market-analysis
Further key findings from
the report suggest:
- BOPP segment dominated the global synthetic paper
market and was over USD 140.0 million in 2015. Cost effectiveness and
superior properties are likely to propel its growth over the forecast
period. The HDPE segment is expected to witness significant growth on
account of its growing utilization for labeling in numerous industries.
- Non-label application was valued at over USD 150.0
million in the global market in 2015. The label application was estimated
to grow at a significant pace owing to stringent government regulations
regarding food & beverage labeling, which is expected to lead to
increased utilization over the forecast period.
- Asia Pacific dominated the market and was valued at
over USD 90.0 million in 2015. Growing manufacturing sector in the region has
led to increasing demand for the product from its applications. Japan,
Taiwan, China, India, and Australia are key economies leading to market
growth. Many synthetic paper manufacturers in North America and Europe
have been focusing on expanding their businesses in the region on account
of low cost and availability of skilled labor.
- In October 2014, PPG Industries developed a new
website for its TESLIN substrate, which is a highly durable synthetic
paper. This step has led to easy accessibility of the product worldwide.
Similarly, In November 2014, Tagleef Industries acquired Derprosa Film.
This move has helped the company to increase its global reach. The company
has been involved in R&D to develop the innovative product to
strengthen its market position. It has three manufacturing facilities in
the Middle East, two in Europe, one in the U.S., one in Australia, and
distribution and sales center in Germany and China.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the global synthetic paper
market on the basis of product, application and region:
Global Synthetic Paper Product Outlook (Volume,
Kilo tons; Revenue, USD Million, 2013 - 2024)
- BOPP
- HDPE
- Others
Global Synthetic Paper Application Outlook
(Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)
- Label
- Non-Label
Global Synthetic Paper Regional Outlook (Volume,
Kilo tons; Revenue, USD Million, 2013 - 2024)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Asia
Pacific
- China
- Japan
- Taiwan
- India
- Australia
- Latin
America
- Brazil
- Middle
East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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