May 21, 2019   SOURCE: BusinessWire

Global Synthetic Paper Market Report 2019-2024: Market is Estimated to be USD 587 Million in 2019 and is Projected to Reach USD 873 Million by 2024 - ResearchAndMarkets.com

The "Synthetic Paper Market by Raw Material (BOPP, HDPE), Application (Labels, Printing, and Paper Bags), End-Use Industry (Packaging, Paper), Region (North America, Europe, APAC, South America, Middle East & Africa) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The Synthetic Paper Market is Estimated to be USD 587 Million in 2019 and is Projected to Reach USD 873 Million by 2024, at a CAGR of 8.3%

Key factors expected to drive the synthetic paper market include rising environmental concerns due to the use of wood pulp for the manufacture of paper, 100% recyclability, and rising applications for printing and paper bags. Market growth is expected to be restricted due to the high cost and lack of awareness about the usage of synthetic paper.

The BOPP raw material segment is projected to grow at the highest CAGR in the synthetic paper market during the forecast period

Based on raw material, the synthetic paper market has been segmented into BOPP, HDPE, and others. BOPP is used in applications which require heat stability, water resistance, fatigue resistance, high tensile strength, and ease of printing. The demand for the BOPP segment is expected to grow at a higher CAGR during the forecast period due to increase in demand for frozen food, packaging and labeling, business cards, calendars, book covers, newspapers, maps, and garments, among others.

The paper segment is expected to lead the synthetic paper market during the forecast period

The paper end-use industry segment of the synthetic paper market is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the rise in global demand for the printing application. In addition, this industry is expected to witness growing demand from developed regions, such as Asia Pacific, North America, and Europe. Synthetic papers are widely used in the printing application owing to properties, such as moisture resistance, tear resistance, UV resistance, and durability.

Asia Pacific is projected to grow at the highest CAGR in the synthetic paper market during the forecast period

The Asia Pacific synthetic paper market is projected to grow at the highest CAGR during the forecast period. High demand from China, Japan, and India is expected to drive the market in this region. Improving lifestyles of populations, rising environmental concerns, and high demand for printing applications in the countries of this region are fueling the growth of the synthetic paper market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Significant Opportunities for Synthetic Paper Market

4.2 Synthetic Paper Market: Key Regions

4.3 Synthetic Paper Market in Asia-Pacific

4.4 Synthetic Paper Market Attractiveness

4.5 Synthetic Paper Market Share, By Type

4.6 Synthetic Paper Market: Developing Nations vs Developed Nations

4.7 Fastest-Growing Market, By Application

4.8 Life Cycle Analysis, By Region

5 Market Overview

5.1 Introduction

5.2 Market Segmentation

5.3 Market Dynamics

5.3.1 Drivers

5.3.1.1 Increase in Demand Due to Eco-Friendly and Recyclable

5.3.1.2 Highly Customized Grades as Per Applications

5.3.2 Restraints

5.3.2.1 Costlier Than Pulp Paper

5.3.2.2 Dependent on Crude Oil Prices

5.3.3 Opportunities

5.3.3.1 Continuous Developments in the Printing and Packaging Technologies

5.3.3.2 Increasing Concerns Against Deforestation

5.3.3.3 High Economic Growth in Asia-Pacific Market

6 Industry Trends

6.1 Introduction

6.2 Value Chain Analysis

6.2.1 Research and Development

6.2.2 Raw Material

6.2.3 Manufacturing

6.2.4 Distribution Network

6.2.5 End User

6.3 Porter's Five Forces Analysis

7 Synthetic Paper Market, By Application

7.1 Introduction

7.2 Label

7.3 Printing

7.4 Paper Bags

8 Synthetic Paper Market, By Raw Material

8.1 Introduction

8.2 BOPP

8.3 HDPE

8.4 Others

9 Synthetic Paper Market, By Raw End-Use Industry

9.1 Introduction

9.2 Paper

9.3 Packaging

9.4 Others

10 Synthetic Paper Market, By Region

10.1 Introduction

10.2 Asia-Pacific

10.2.1 Japan

10.2.2 China

10.2.3 Taiwan

10.2.4 India

10.2.5 South Korea

10.2.6 Rest of Asia Pacific

10.3 Europe

10.3.1 Germany

10.3.2 France

10.3.3 U.K.

10.3.4 Italy

10.3.5 Rest of Europe

10.4 North America

10.4.1 U.S.

10.4.2 Canada

10.4.3 Mexico

10.5 Middle East & Africa

10.5.1 Saudi Arabia

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest of Middle East & Africa

10.6 South America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of South America

11 Competitive Landscape

11.1 Dive Analysis

11.2 Ranking of Key Market Players in the Synthetic Paper Market

12 Company Profiles

  • Agfa-Gevaert N.V.
  • American Profol Inc.
  • Arjobex SAS
  • HOP Industries Corporation
  • MDV Papier - UND Kunststoffveredelung Gmbh
  • Nan Ya Plastics Corporation
  • PPG Industries, Inc
  • Relyco Sales, Inc.
  • Seiko Epson Corporation
  • Transilwrap Company, Inc.
  • Yupo Corporation

For more information about this report visit https://www.researchandmarkets.com/r/r027xl