Synthetic Paper Market Report – Industry Analysis Snapshot
The report " Global Synthetic Paper Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021 " added by DecisionDatabases.com to its vast repository provides market insights, facts, historical data, and future projections of the synthetic paper industry. This report provides information in terms of revenue and volume for the study period. Drivers, restraints, and opportunities are intellectually assessed in the research report.
Synthetic paper is a product manufactured by synthetic resin, which is primarily derived from petroleum. Growing demand for printing, labeling and packaging industries due to rising urbanization along with increasing demand for lifestyle services and consumer goods are the major growth drivers for the synthetic paper market. In addition, an increase in spending in the construction sectors especially in the emerging economies is likely to augment market growth for synthetic paper in the near future. Expanding manufacturing sectors coupled with continuous industrialization is also expected to have a positive impact on the market growth over the study period.
Synthetic paper is an environment-friendly alternative to the traditional pulp based paper. Rising consumer awareness towards the usage of eco-friendly products and favorable government policies are anticipated to propel market demand over the forecast period. However, synthetic paper is inappropriate for long-term document preservation and can only be used in the short-term application, which may hamper market growth for the product in the near future. Many industry players have been involved in the various R&D activities to manufacture water and tear resistant synthetic paper for long-term application. Technological advancement in order to produce scratch resistant paper is projected to fuel market demand over the coming years.
The global synthetic paper market has been segmented based on the product into CCD synthetic paper and CMOS synthetic paper. Furthermore, the market has been segmented based on the application such as non-label and label segments. The label application segment is expected to grow at a substantial pace owing to stringent regulatory policies regarding labeling of food & beverage, which in turn is estimated to lead to increased utilization of label application segment over the coming years.
Geographically, the global synthetic paper market has been divided into five major regions such as North America, Latin America, Europe, Asia Pacific and Middle East & Africa (MEA). Asia Pacific is the fastest growing market for synthetic paper and is anticipated to witness a significant growth over the forecast period on account of growing manufacturing sector coupled with rising product demand, especially from Japan, India and China. Asia Pacific is projected to become a major market over the coming years owing to the entrance of foreign manufacturers due to the availability of low-cost skilled works. North America and Europe market are expected to witness a considerable growth in the near future owing to the availability of a large number of prominent players in the region.
The key players in global synthetic paper market include DuPont, American Profol Inc, Arjobex Sas, Nan Ya Plastics Corporation, PPG Industries, Tagleef Industries, Yupo Corporation, Seiko Epson Corporation, AGFA-Gevaert N.V., HOP Industries Corporation, Relyco Sales, Inc., Transilwrap Company, Inc. and MDV Papier- Und Kunststoffveredelung GmbH.
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