Pune, India, Nov. 17, 2022 (GLOBE NEWSWIRE) -- According to Fortune Business Insights, The global synthetic paper market will derive growth from the presence of several large scale companies across the world. Recent technological advances have played a massive role in the manufacturing side, subsequently aiding the market growth. According to a report by Fortune Business Insights, the market will rise considerably driven by increasing applications across diverse industry verticals.
The recent coronavirus outbreak has brought major businesses to a standstill. The rapid spread of the disease has urged governments to take strict measures. Due to travel bans, synthetic paper manufacturers are likely to take a huge hit in the coming years. The report includes the impact on Covid-19 pandemic on the global synthetic market and discusses how major companies are coping with this.
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List of Key Players Profiled in the Global Market for Synthetic Paper:
- HOP Industries Corporation
- Transilwrap Company, Inc.
- Neenah Inc.
- Cosmo Films
- Agfa-Gevaert N.V
- Yupo Corporatio
- Toyobo Co., Ltd.
- Arjobex SA
- Nan Ya Plastics Corporation
- American Profol
Report Scope & Segmentation:
| Report Attribute | Details |
| Base Year | 2021 |
| Historical Year | 2018 – 2020 |
| Forecast Year | 2022 – 2029 |
| Segments Covered | By End-Use and Regional |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2022 to 2029 |
| Synthetic Paper Market Growth Drivers | Increasing Focus on Reduction of Greenhouse Emissions to Aid Growth |
| Countries Covered | Unites States, Canada, Mexico, Unites Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
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Segments
By type
- Biaxially Oriented Polypropylene Films (BOPP)
- High-Density Polythene (HDPE)
- Polyvinyl Chloride (PVC)
On the basis of end-user industry
- Packaging
- Transportation
- Pharmaceuticals
- Cosmetic and personal care
- Manufacturing industries
On the basis of the Application
- Labelling
- Printing
- Paper bag making
Drivers & Restraints
Synthetic paper is a product that is manufactured using synthetic resin. The product is developed from petroleum as the core product. The rising investments in the development of efficient extraction methods have helped the manufacturing methods for synthetic paper. The presence of several large scale synthetic paper manufacturers in several countries across the world will emerge in favor of the growth of the overall market.
The increasing applications of the product across diverse industry verticals have created a massive demand for the product across the world. Additionally, the growing demand for sustainable products will emerge in favor of the companies operating in the market. The product is widely used in the chemical industry, especially in chemical resistant drum labels will contribute to the growth of the market in the coming years.
Constant Product Innovations will Emerge in Favor of Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Accounting to the rising demand for sustainable products, several large scale companies are looking to focus on product innovations with a view to capitalizing on this situation.
The presence of several large scale companies will subsequently emerge in favor of the growth of the overall market in the coming years. In April 2017, Cosmo Films Ltd. announced the launch of a new product in the synthetic paper space. The company introduced BOPP-universal printable coated synthetic paper; a product that will help lower the inventory carrying cost. The company claims that the product can be used in applications in the retail, packaging, and commercial industries. Cosmo Films’ latest product will not just help the company grow, but will also have a direct impact on the growth of the overall market in the coming years.
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REGIONAL INSIGHTS
Asia Pacific to Emerge Dominant; Increasing Product Demand in Emerging Countries will Aid Growth
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The rising consumption of synthetic paper in several countries including China and India will create several growth opportunities for the regional as well as global companies.
The rising demand for the product in industries such as food and beverage, cosmetics, and chemical and materials will have a huge impact on the growth of the regional market. The presence of numerous local manufacturers obviously helps the growth of the regional market. The increasing investment in product R&D by large scale companies will bode well for the growth of the market in this region.
Synthetic Paper Market Trends, Strategies and More.
Synthetic Paper Market Report 2022-2029 that provides in-depth global research. The report analyses an overview of the size, share, segmentation, growth across geographies, and competitors’ revenues and positioning. The Synthetic Paper market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
Synthetic Paper Market Scope & Target with Key Findings Objectives
The Synthetic Paper Market Key Business Segments % Share & Growth, Application Segment are the analyzed and sized in this study by application/end-users, displaying the potential growth and various shift for the period 2022 to 2029. The changing dynamics supporting the growth make it critical for businesses in Synthetic Paper Industry.
Additionally, the study provides an in-depth overview of country-level break-up classified as potentially high growth rate territory, countries with the highest market share in past and current scenarios. Some of the regional break-ups classified in the Synthetic Paper Market study are North America, Europe, Asia-Pacific, etc.
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