Synthetic Paper Market - Global Forecast to 2024: Leading Manufacturers are Yupo, Agfa Gevaert, PPG Industries, Nan Ya Plastics, and Neenah

Dublin, May 21, 2019 (GLOBE NEWSWIRE) -- The "Synthetic Paper Market by Raw Material (BOPP, HDPE), Application (Labels, Printing, and Paper Bags), End-Use Industry (Packaging, Paper), Region (North America, Europe, APAC, South America, Middle East & Africa) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The synthetic paper market is estimated to be USD 586.6 million in 2019 and is projected to reach USD 872.6 million by 2024, at a CAGR of 8.3% from 2019 to 2024. The printing application segment is estimated to have a 48.5% share of the synthetic paper market in 2019 and is expected to reach USD 436.3 million by 2024, at a CAGR of 8.9% during the forecast period.

Key factors expected to drive the synthetic paper market include rising environmental concerns due to the use of wood pulp for the manufacture of paper, 100% recyclability, and rising applications for printing and paper bags. Market growth is expected to be restricted due to the high cost and lack of awareness about the usage of synthetic paper.

Synthetic papers have been developed and promoted as a prominent substitute for the wood pulp-based papers. Synthetic papers are manufactured using synthetic resins, which are derived from petroleum as their main component. These synthetic resins include Biaxially Oriented Polypropylene (BOPP), High-density Polyethylene (HDPE), PVC, and PET. Among these, BOPP and HDPE are widely used as synthetic resins for manufacturing synthetic papers, with BOPP estimated to lead the market with a 63.4% share in 2019. Synthetic papers are waterproof and dustproof.

They possess fold resistance, chemical resistance, and good dimensional properties, among others, which makes them an appropriate choice for various applications. Printing is the largest application of synthetic papers that includes printing of menus, personalized marketing material, point of purchase displays, wrist bands, cards, envelops, tickets, passes, and labels for various end-use industries, among others. Other applications of synthetic papers include labels and paper bags, which are expected to account for a cumulative 51.6% market share in 2019.

The global market for synthetic papers has a few large players and a large number of small players. Stakeholders involved in the global synthetic paper market are synthetic papers suppliers, dealers, as well as companies engaged in the manufacturing of synthetic papers.

Leading manufactures in the synthetic paper market are Yupo Corporation (Japan), Agfa Gevaert (Belgium), PPG Industries (US), Nan Ya Plastics Corporation (Taiwan), and Neenah Inc. (US).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities for Synthetic Paper Market
4.2 Synthetic Paper Market: Key Regions
4.3 Synthetic Paper Market in Asia-Pacific
4.4 Synthetic Paper Market Attractiveness
4.5 Synthetic Paper Market Share, By Type
4.6 Synthetic Paper Market: Developing Nations vs Developed Nations
4.7 Fastest-Growing Market, By Application
4.8 Life Cycle Analysis, By Region

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increase in Demand Due to Eco-Friendly and Recyclable
5.3.1.2 Highly Customized Grades as Per Applications
5.3.2 Restraints
5.3.2.1 Costlier Than Pulp Paper
5.3.2.2 Dependent on Crude Oil Prices
5.3.3 Opportunities
5.3.3.1 Continuous Developments in the Printing and Packaging Technologies
5.3.3.2 Increasing Concerns Against Deforestation
5.3.3.3 High Economic Growth in Asia-Pacific Market

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research and Development
6.2.2 Raw Material
6.2.3 Manufacturing
6.2.4 Distribution Network
6.2.5 End User
6.3 Porter's Five Forces Analysis

7 Synthetic Paper Market, By Application
7.1 Introduction
7.2 Label
7.3 Printing
7.4 Paper Bags

8 Synthetic Paper Market, By Raw Material
8.1 Introduction
8.2 BOPP
8.3 HDPE
8.4 Others

9 Synthetic Paper Market, By Raw End-Use Industry
9.1 Introduction
9.2 Paper
9.3 Packaging
9.4 Others

10 Synthetic Paper Market, By Region
10.1 Introduction
10.2 Asia-Pacific
10.2.1 Japan
10.2.2 China
10.2.3 Taiwan
10.2.4 India
10.2.5 South Korea
10.2.6 Rest of Asia Pacific
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 U.K.
10.3.4 Italy
10.3.5 Rest of Europe
10.4 North America
10.4.1 U.S.
10.4.2 Canada
10.4.3 Mexico
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest of Middle East & Africa
10.6 South America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of South America

11 Competitive Landscape
11.1 Dive Analysis
11.2 Ranking of Key Market Players in the Synthetic Paper Market

12 Company Profiles

• Agfa-Gevaert N.V.
• American Profol Inc.
• Arjobex SAS
• HOP Industries Corporation
• MDV Papier - UND Kunststoffveredelung Gmbh
• Nan Ya Plastics Corporation
• PPG Industries, Inc
• Relyco Sales, Inc.
• Seiko Epson Corporation
• Transilwrap Company, Inc.
• Yupo Corporation

For more information about this report visit https://www.researchandmarkets.com/r/8g40hq

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                    Related Topics: Pulp and Paper