Global Synthetic Paper Market Size By Raw Material, By Application, By Geographic Scope And Forecast
Synthetic Paper Market Size And Forecast
Synthetic Paper Market was valued at USD 551.3 Million in 2019 and is projected to reach USD 1028.4 Million by 2027, growing at a CAGR of 8.06% from 2020 to 2027.
Global Synthetic Paper Market Outlook
Synthetic paper is used for a wide range of industrial applications including pharmaceuticals, cosmetics, food and beverages, and others for printing, packaging, and labeling. Synthetic paper is employed in print advertising owing to its performance in harsh environmental conditions, therefore boosting the market. Furthermore, the synthetic paper represents an approach for tree-free paper as synthetic papers are 100% recyclable, therefore raising popularity in the market. Also, the synthetic paper is fuelled by the growth in the food and beverage packaging market. The rising demand for packaged food items has boosted the demand for colorful labels, which in turn has benefited the synthetic paper market. However, the high cost of synthetic paper over the conventional pulp-based paper is the biggest restraint of the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Synthetic Paper Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Synthetic Paper Market Competitive Landscape
The Global Synthetic Paper Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Seiko Epson Corporation, Yupo Corporation, PPG Industries, American Profol, Arjobex Sas, Agfa-Gevaert Group, HOP Industries Corporation, Relyco Sales.
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