Europe produced approximately 2.71 billion metric tons of carbon dioxide emissions in 2021.
Synthetic Paper is a Hybrid product manufactured using synthetic resin as its primary substrate. Naturally, its chemical nature reflects few similarities with a plastic film. Still, its outer appearance looks more like regular Paper, derived naturally, i.e., from wood pulp. Over time, the synthetic paper industry has grown, and synthetic Paper can be printable with most of the well-established technologies, which has led to the easy adoption of synthetic Paper in the printing and packaging industry. Synthetic Paper has gone towards many niche applications beyond the domain previously covered by trivial applications.
Growing Application Across a Range of Industries
Asia accounted for 49 percent of global paper and paper board production in 2020.
Increasing Public Awareness About the Environmental Impact
The increasing consumer preference for recycled and environmentally friendly packaging is one of the major factors driving the growth of the global synthetic paper market. The need for synthetic resins is rising because of the material's good characteristics, such as resistance to chemicals, oils, tears, and moisture. More companies are employing synthetic Paper, including those that produce consumer goods, transportation, medical equipment, food and beverage, and packaging. The market benefits from the growing acceptance and will elevate during the forecast period.
Synthetic Papers Having Ideal Physical Properties
In 2020, approximately 127 million tons of cardboard and paper were produced in China.
Recent Trends, Developments, and Opportunities
MDV Group, previously known for manufacturing high-end sustainable synthetic papers and films for printing, packaging, and labeling applications, has undergone a 100 percent acquisition in December 2020 by France headquartered specialty paper manufacturer Arjobex SAS to expand its geological footprints across North America and Asia Pacific Region.
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Market Segmentation
Global Synthetic Paper Market is segmented based on Type, Raw Material, Application, End-User Industries, and regional distribution. Based on Type, the market is bifurcated into Film Synthetic Paper and Fiber Synthetic Paper. Based on Raw Material, the market is divided into Biaxially oriented polypropylene (BOPP), High-Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC), and Others. Based on Application, the market is fragmented into Printing, Packaging, Labelling, and Others. Based on End-User Industries, the market is divided into Pharmaceuticals, Food & Beverages, Cosmetics, and Others. The market analysis also studies the regional segmentation divided among the North American, European, Asia-Pacific, South American, Middle East & African regions.
Market Players
Yupo Corporation, Hop Industries Corporation, PPG Industries, Inc., Seiko Epson Corporation, Agfa-Gevaert Group, Arjobex SAS, Toyobo Corporation Ltd., MDV-Papier-und Kunststoffveredelung GmbH, Relyco Sales, Inc. and Formosa Plastics Corporation are some of the major market players in Global Synthetic Paper Market.
Attribute
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Details
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Base Year
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2022
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Historical
Years
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2018 – 2021
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Estimated
Year
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2022
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Forecast
Period
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2023 – 2028
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Quantitative
Units
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Revenue in USD
Million, Volume in million square meters, and CAGR for 2018-2022 and 2023E-2028F
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Report
Coverage
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·
Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments
Covered
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·
Type
·
Raw Material
·
Application
·
End-User Industry
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Regional
Scope
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North America; Europe; Asia
Pacific; South America; Middle East & Africa
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Country
Scope
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United States, Mexico, Canada, Germany, United Kingdom, France,
Russia, Belgium, Spain, Italy, China, India, Japan, Australia, South Korea, Brazil,
Colombia, Argentina, UAE, Saudi Arabia, South Africa
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Key
Companies Profiled
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Yupo Corporation, Hop Industries Corporation, PPG
Industries, Inc., Seiko Epson Corporation, Agfa-Gevaert Group, Arjobex SAS, Toyobo
Corporation Ltd., MDV-Papier-und Kunststoffveredelung GmbH, Relyco Sales,
Inc., Formosa Plastics Corporation
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Customization
Scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
Pricing and
Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
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Delivery
Format
|
PDF and Excel through Email (We can also provide the editable version
of the report in PPT/pdf format on special request)
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