Synthetic Paper Market Worth $819 Million by 2025 - Exclusive Report by MarketsandMarkets™
Added 07-02-20 10:04:03pm EST - “According to the new market research report "Synthetic Paper Market By Raw Material (BOPP, HDPE), Application (Printing, Paper Bags, Labels), End-use Industry (Paper, Packaging), and Region (APAC, Europe, North America, Middle East…” - News.yahoo.com
CLICK TO SHARE
CHICAGO, July 2, 2020 /PRNewswire/ -- According to the new market research report "Synthetic Paper Market By Raw Material (BOPP, HDPE), Application (Printing, Paper Bags, Labels), End-use Industry (Paper, Packaging), and Region (APAC, Europe, North America, Middle East & Africa, South America) - Global Forecast To 2025", published by MarketsandMarkets™, the global Synthetic Paper Market size is projected to grow from USD 526 million in 2020 to USD 819 million by 2025, at a CAGR of 9.2% between 2020 and 2025.
Synthetic paper is manufactured by using synthetic resins which are derived from petroleum (primary material). Synthetic paper is preferred over conventional paper due to its excellent chemical & tear resistance, oil & moisture resistance, printability, heat sealability, durability, and high strength. These papers are used by various end-use industries, such as food & beverages, cosmetics, transportation, pharmaceuticals, chemical, and advertising. Synthetic paper is usually made up of BOPP, HDPE, and others which include polystyrene, polyamide, polyethylene, and polyvinyl chloride, among others. Resin selection plays major role in the attributes exhibited by different synthetic papers.
The BOPP segment is projected to account for the largest share of the synthetic paper market, by raw material, during the forecast period.
BOPP is thermoplastic polymer, widely used for synthetic paper because of its versatility and availability. This material is extremely used in applications which requires heat stabilities, water resistance, fatigue resistance, high tensile strength and ease of printing. Due to the ability of being manufacture into thin transparent substrate, BOPP can be used for the application such as labels and printing applications. BOPP can be environment friendly and low in toxicity which makes these synthetic paper to be used for packaging of food items and beverages.
The printing segment is projected to be the fastest-growing end-use industry in the synthetic paper market during the forecast period.
If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.
CLICK TO SHARE