Press release
Global Synthetic Paper Market Forecast To 2026 Industry Analysis, Trends, Applications, Opportunities, Growth and Key Players- Arjobex; Relyco Sales, Inc.; Transcendia; Formosa Plastics Group; Granwell Products Inc; Folex; Profol Kunststoffe GmbH
Global Synthetic Paper Market
Market Analysis: Global Synthetic Paper Market
Global synthetic paper market is expected to rise to an estimated value of USD 999.27 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026.
This rise in market value can be attributed to the advancements of technologies & advancements in the packaging market along with increased concern for the deforestation activities required for the manufacturing of pulp paper.
Key Market Competitors:
Few of the major competitors currently working in the global synthetic paper market are-DuPont; Agfa-Gevaert Group; PPG Industries, Inc.; NAN YA PLASTICS CORPORATION; Arjobex; Relyco Sales, Inc.; Transcendia; Seiko Epson Corporation; YUPO CORPORATION; Formosa Plastics Group; Granwell Products Inc; Folex; Profol Kunststoffe GmbH; Sihl AG; Japan Pulp & Paper Co., Ltd.; Aluminium Féron GmbH & Co. KG; B & F Plastics, Inc.; Jindal Poly Films Ltd.; Valéron Strength Films; Cosmo Films Ltd.; TOYOBO CO., LTD.; Polyplex; Kernow Coatings; Southwest Binding & Laminating; Neenah, Inc.; TAGHLEEF INDUSTRIES GROUP and AVERY DENNISON CORPORATION.
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Market Definition: Global Synthetic Paper Market
Synthetic paper is a specialized form of paper, although it essentially is derived from petroleum products and resins, displaying traits of plastics and plastic films. Modifications to this product result in its texture and features of being more as paper although they are highly durable, sustainable providing tear-free features and resistance to water along with being recyclable.
Market Drivers:
• High growth in demand for eco-friendly packaging products that are recyclable; this factor is expected to drive the growth of the market
• Increasing adoption of blister packaging and folding cartons packaging methods; this factor is expected to drive the growth of the market
• Availability of customized grades of products and solutions depending on their applications; this factor is expected to drive the growth of the market
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Segmentation:
By Raw Material
• Biaxially Oriented Polypropylene (BOPP)
• High-Density Polyethylene (HDPE)
• Polyethylene Terephthalate (PET)
• Others
By Raw End-Use Industry
• Packaging
• Paper
• Others
By Application
• Label
• Printing
• Paper Bags
By Manufacturing Process
• Extruded Flat Film
• Tubular Film
• Spun-Bonded
• Others
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa
Key Developments in the Market:
• In December 2018, Japan Pulp & Paper Co., Ltd. announced that they had completed the acquisition of Spicers Paper (Singapore) Pte Ltd and Spicers Paper (Malaysia) Sdn Bhd, resulting in the integration of both business acting as subsidiaries of Japan Pulp & Paper Co., Ltd. This acquisition will further their presence globally and expand their distribution capabilities.
Competitive Analysis:
Global synthetic paper market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of the synthetic paper market for global, Europe, North America, Asia-Pacific, South America, and Middle East & Africa.
Highlights of the Study:
1. To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
2. To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
3. Key parameters which are driving this market and restraining its growth
4. What all challenges manufacturers will face as well as new opportunities and threats faced by them.
5. Learn about the market strategies that are being adopted by your competitors and leading organizations
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Data Bridge Market Research
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About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process.
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