About Synthetic Paper
Synthetic paper is known as a suitable printing medium used for indoor advertisements, banners, posters, and other kinds of photo printing. The layer of coating on the paper makes the image more attractive and colorful as well as it also exhibits resistance against chemicals, grease, folding, and heat, which therefore increases its application in the development of the toxic-free thermoforming products for the food packaging. Synthetic papers basically offer different functionalities in the various industries including food and beverages, cosmetics, and pharmaceuticals for printing, packaging, and labeling the product. The products have high durability, water-proof and chemical, tear, and oil resistant. Furthermore, the products outstanding printability has been resulted in increased penetration of product in the various end-user industries, thus driving the demand over projected period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.1% |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nan Ya Plastics Corporation (Taiwan), Yupo Corporation (Japan), Arjobex SAS (France), Profol Americas, Inc. (United States), Hop Industries Corporation (United States), PPG Industries, Inc. (United States), Relyco Sales, Inc (United States), Transilwrap Company, Inc (United States), Seiko Epson Corporation (Japan) and MDV Papier-und Kunststoffveredelung GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Formosa Plastics Group (Taiwan), SIHL Group (Switzerland), B & F Plastics, Inc. (United States) and Agfa-Gevaert N.V. (Belgium).
Segmentation Overview
AMA Research has segmented the market of Global Synthetic Paper market by Type (Biaxially Oriented Polypropylene, High-Density Polyethylene, Polyethylene Terephthalate and Others), Application (Label and Non-Label) and Region.
On the basis of geography, the market of Synthetic Paper has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End user, the sub-segment i.e. Packaging & labeling will boost the Synthetic Paper market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Popularity of Blister Packaging and Folding Cartons
Market Growth Drivers:
Increase in Demand Due to Eco-Friendly and Recyclable and Highly Customized Grades as Per Applications
Challenges:
Fluctuating Raw Material Prices
Restraints:
Costlier Than Pulp Paper and Dependent on Crude Oil Prices
Opportunities:
Continuous Developments in the Printing and Packaging Technologies and Increasing Concerns Against Deforestation
Profol introduces Progano lightweight composite thermoplastic that replaces aluminum and other metals in formed components. New Progano lightweight composite organo sheet is a fiber-reinforced polymer made of glass fibers embedded in a polypropylene matrix. It is 30 percent lighter than aluminum and has similar strength as steel
Key Target Audience
Synthetic Paper manufacturers, Suppliers and distributors, Potential investors, Raw material suppliers, Associations, Government and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.