Synthetic Paper Market Trends, Share, Industry Size, Growth, Demand, Opportunities and Forecast By 2029

 The scope of this Global Synthetic Paper Market report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. To turn complex market insights into simpler version, well established tools and techniques are used in this report. The most relevant, unique, fair and creditable global market research report is delivered to the valuable customers and clients depending upon their specific business needs. The quality and transparency maintained in the Global Synthetic Paper Market  research report makes gain the trust and reliance of member companies and customers.



Global Synthetic Paper Market was valued at USD 768.00 million in 2021 and is expected to reach USD 2034.47 million by 2029, registering a CAGR of 12.95% during the forecast period of 2022-2029.

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Market Overview

Synthetic papers are widely being utilized for photo printing worldwide owing to their glossy surface coating making colors look pleasing. These papers are widely utilized to print banners, posters, and pamphlets, among others. These papers have gained high relevance as eco-friendly material.

Some of the major players operating in the synthetic papers market are

  • DuPont. (US)
  • Agfa-Gevaert Group. (Belgium)
  • PPG Industries, Inc. (US)
  • NAN YA PLASTICS CORPORATION. (Taiwan)
  • ARJOBEX SAS (UK)
  • RELYCO. (US)
  • Transcendia (US)
  • Seiko Epson Corporation. (Japan)
  • YUPO CORPORATION (Japan)
  • Formosa Plastics Group (Taiwan)
  • Granwell Products Inc (US)
  • Folex (India)
  • Profol GmbH (Germany)
  • Sihl AG (Switzerland)
  • Japan Pulp & Paper Co., Ltd. (Japan)
  • Aluminium Féron GmbH & Co. KG (Germany)
  • B & F Plastics, Inc. (US)
  • Jindal Poly Films Limited (India)
  • VALÉRON (US)
  • Cosmo Films Ltd. (India)
  • TOYOBO CO., LTD. (Japan)
Synthetic Paper Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Increase in demand for eco-friendly and recycled packaging
The increase in the inclination of consumers towards eco-friendly and recycled packaging acts as one of the major factors driving the growth of synthetic paper market. The high demand for synthetic resins owing to their exceptional properties offered by the material such as resistance against chemical, oil, tear, and moisture, among others drives the market further.

  • Rise in use in Various Industries
The rise in the use of synthetic paper in industries, such as food and beverages, transportation, pharma goods, packaging, and consumer goods, among others accelerate the market growth. The increase in awareness regarding the use of environmentally friendly products has a positive impact on the market.

  • Use in Indoor Advertisements
The use of synthetic paper as printing medium for indoor advertisements, banners, and posters, among other photo printing. These papers are known to make images more colorful and attractive.

Additionally, the surge in investments, expansion of manufacturing industries, usage in consumer goods packaging and rapid industrialization positively affect the synthetic paper market.

Opportunities

Furthermore, increase in concerns about pulp paper for environmental pollution extend profitable opportunities to the market players 2022 to 2029. Also, favorable stringent government regulations will further expand the market.


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