+1-888-308-5802     
News Contact Us

Synthetic Paper market Size: Demand, Regional Growth Drivers, Opportunities

Author : Rahul Varpe | Published Date : 2019-06-21 

Global synthetic paper market size was estimated at 130.8 kilo tons in 2015, as per the latest research report by Global Market Insights, Inc. Stringent environment protection regulations for sustainability will drive global synthetic paper market size as an alternative to wood pulp.

Packaging & labeling industry expansion and the need to have sustainable and environment friendly paper solution will play an important role in instigating demand. Biaxially Oriented Polypropylene (BOPP) synthetic paper market segment was the largest, with consumption of over 77 kilo tons in 2015. Easy coating, laminating, and printing process coupled with cost benefits were key influencing factors.

Request for a sample copy of this report @  https://www.gminsights.com/request-sample/detail/378 

Global non-label synthetic paper market share is projected to exceed 127 kilo tons up to 2023. Non label applications were the most preferable owing to longer life span and are majorly used in making banners, maps, and graphics.

Europe high density polyethylene (HDPE) synthetic paper industry was close to USD 26 million in 2015 and is predicted to grow at rapid pace with over 6.3% CAGR up to 2023.

Low crude oil prices over the last two years have resulted in correction of synthetic paper market price. This trend may witness a slight upswing in industry costing from 2017 with expected recovery in crude oil prices. Being key feedstock, HDPE and polypropylene (PP) costs play a significant role in deciding industry profitability.

APAC, led by China synthetic paper market size, was the dominant regional industry and accounted for more than 37% of the total demand in 2015. BOPP demand was the highest in APAC and registered close to USD 55 million in 2015. Low manufacturing cost in India and China may attract new investment in the region.

North America, influenced by U.S. industry growth and regulatory compliance, registered over USD 55 million in 2015 North America label market is predicted to witness significant growth at 7.0% in revenue terms up to 2023 due to strong application scope in pharmaceutical and food & beverages packaging.

Synthetic paper market share is highly consolidated with key MNCs holding large market share and catering to over 75% of the total demand. Yopu Corporation, PPG Industries, Arjobex, and DuPont were among the leading MNCs. Joint Venture and product portfolio expansion are among the key growth strategies.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/378

Other industry participants include Hop Industries, American Profol, Taghleef Industries, Neenah Paper, and Nan Ya Plastics.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Refractories Market Current Business Trends & Growth Opportunities 2019-2024

Published Date: 2019-12-06         Author: Rahul Varpe

An analysis of Refractories Market has been provided in the latest report introduced by Global market insights, inc that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. Intensifying demand for glass, cement, steel ... Read More

Transparent Ceramics Market to have Good Business Opportunities in the Coming Years

Published Date: 2019-12-06         Author: Rahul Varpe

An analysis of Transparent Ceramics Market has been provided in the latest report introduced by Global market insights, inc that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. Transparent ceramics market share is estim... Read More

Separation Machinery Market 2019 Study by Growth Insights & Demand Analysis to 2024

Published Date: 2019-12-06         Author: Rahul Varpe

A comprehensive research study on Separation Machinery Market introduced by Global Market Insights provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of Separation Machinery industry in terms of the demand landscape, ... Read More

© 2019 Fractovia. All Rights Reserved