New York, June 13, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Synthetic Paper: Technologies and Global Markets" - https://www.reportlinker.com/p0958078/?utm_source=GNW
Other interested parties should be companies that make flexible plastic packaging films and film extruders. Tag and label producers, including those who provide pressure-sensitive products and in-mold labels, also should be interested in this report.
- The term synthetic paper has not been universally defined because it is basically an opaque plastic film that is both printable and writeable. Most synthetic papers are either biaxially-oriented polypropylene (BOPP) or high-density polyethylene (HDPE), although there are sizable amounts made from polyesters and fewer from polystyrene and PVC.
- It is essential to understand, regarding market estimates and forecasts in this report, that food/beverage packaging labels have been excluded for several reasons. First, their large volume of plastic films (hundreds of millions of pounds) would distort the basic synthetic paper market. This market, according to industry estimates, is in the range of billions of dollars. Secondly, most industry insiders believe that this market segment lies outside the general definition of synthetic paper.
The report covers the following synthetic paper materials -
- Polypropylene.
- High-density polyethylene (HDPE).
- Polyester.
- Polystyrene.
- Others (predominantly polyvinyl chloride [PVC]).
The scope of this study is global. The global market is segmented by type, by application, by product, by end-user industry, and by geographic regions.
Report Includes:
- 64 data tables and 45 additional tables
- An up-to-date review and analysis of the global market for synthetic paper and related technologies
- Analyses of the global market trends, with historic market revenue (sales figures) for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Estimation of the actual market size and revenue forecast for global synthetic paper market in USD million values, and corresponding market share analysis based on paper type, material, product, application, end-use industry, and region
- In-depth information (facts and figures) concerning the major factors influencing the progress of this market (benefits, and industry-specific challenges) with respect to specific growth trends, upcoming technologies, future prospects, and contributions to the overall market
- Highlights of emerging technology trends, opportunities and gaps estimating current and future demand for synthetic paper, and impact of macroeconomic factors on the progress of this market
- Review of key patent grants and significant allotments of recent patents across each major category
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
- Descriptive company profiles of the leading global players, including Agfa-Gevaert NV, Arjobex SAS, Avery Dennison Corp., PPG Industries Inc., Seiko Epson, and Yupo Corp.
Summary:
The global market of synthetic paper describes the demand, supply, and trade for this type of material, which is created from synthetic fibers and resins instead of natural fibers like regular paper. Because it is strong, waterproof and tear resistant, synthetic paper is ideal for making a variety of products, including packaging, labeling, printing, and signs.
Many varieties of synthetic papers, including HDPE synthetic paper, biaxially oriented polypropylene (BOPP) synthetic paper, and polyester (PET) synthetic paper, are available on the global synthetic paper market.Rising demand for environmentally-friendly and sustainable packaging options as well as the expanding use of synthetic paper across a variety of industries are driving market growth.
The market is fiercely competitive and includes numerous national and international competitors.
During the forecast period of 2022 through the end of 2027, the global market for synthetic paper is expected to expand significantly.Because of its strength and resistance to weathering, dampness, tears and rips, synthetic paper is often used in place of traditional paper.
The demand for eco-friendly and sustainable packaging solutions is growing; as a result, synthetic paper is becoming increasingly popular in many industries, including packaging, printing, and labeling.
Because of its flourishing packaging and printing industries, China is expected to become the largest consumer of synthetic paper in the Asia-Pacific region. In North America and Europe, rising demand for synthetic paper in applications such as labels, cards, and security sheets, is also expected to drive growth in the markets of those regions.
However, the high cost of production and the availability of less expensive substitutes, like conventional paper and plastic films, are anticipated to somewhat constrain market growth. To obtain a competitive edge in the market, the competitors are concentrating on product innovation, strategic alliances, and mergers and acquisitions.
Overall, growing demand for environmentally friendly and sustainable packaging solutions is expected to increase the use of synthetic paper in a variety of applications
Read the full report: https://www.reportlinker.com/p0958078/?utm_source=GNW
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