Increasing demands from packaging industry is expected to boost the global Synthetic Paper market

The global synthetic paper market is anticipated to grow significantly at a CAGR of 8.8% over the forecast period (2022-2028). synthetic paper has gained high popularity as a choice material in many end-use applications due to its high-performance properties, including chemical resistance, oil resistance, tear resistance, water resistance, UV resistance durability, and longer shelf life. Rising demand for synthetic papers in paper bags and end-use industries like food and beverages, pharmaceuticals, packaging, cosmetics, and chemicals is expected to boost the overall growth of the synthetic paper market. For instance 

• In 2020, Arjobex SAS acquired 100% shares of the MDV Group—a niche manufacturer and coater of specialty papers and films for the print, packaging, medical, sign/display and building industries.
• In September 2020, Yupo Corporation launched "SUPERYUPO Double" (grade: FRBW) grade for oil-based offset printing suitable for double-sided printing using oil-based ink for paper. The product is fragment of the YUPO GREEN Series that is merged partially with plant-derived biomass resin, which benefits reduce CO2 emissions.

The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In January 2019, the agreement was signed between the Agfa-Gevaert Group and Fujitex Co., Ltd., a global trading company in Japan, to distribute synthetic paper under the trade name of SYNAPS. The agreement includes distributing SYNAPS XM products as Fujitex has a stronghold on the printer market.

Browse the full report description “Global Synthetic Paper Market Size, Share & Trends Analysis Report By Type (HDPE, BOPP And Others (PET And PVC)), By Application (Labelling And Tags, Printing, Paper Bags, And Others) By End-User Industry (Industrial, Institutional, and Others (Commercial, and Retail)) Forecast 2022-2028” at https://www.omrglobal.com/industry-reports/synthetic-paper-market 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2021-2028
• Segment Covered- by type,by application, and by end-user industry  
• Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
• Competitive Landscape- are PPG Industries, Seiko Epson Corporation, Agfa-Gevaert Group, Nan Ya Plastics Corporation, Yupo Corporation,  American Profol Inc., Cosmos Films, Dupont, Hop Industries Corporation, Arjobex Sas, S.b Enterprises, and others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market?
• How has COVID-19 impacted the market?

oRecovery Timeline

oDeviation from the pre-COVID forecast

oMost affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Synthetic Paper Market– Segmentation

By Type

• High-Density Polyethylene (HDPE)
• Biaxially Oriented Polypropylene (BOPP)
• Others (PET and PVC)

By Application

• Labelling and Tags
• Printing 
• Paper Bag
• Others 

By End-User Industry 

• Industrial
• Institutional
• Others (Commercial and Retail)

Global Synthetic Paper Market by Region 

North America           

• US
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa 
• Latin America 

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