Synthetic Paper Market Expected to Reach USD 342.8 Million By 2020
The global synthetic paper market is expected to reach USD 342.8 million by 2020, according to a new study by Grand View Research, Inc. Synthetic paper is an eco-friendly substitute to conventional paper as it does not involve deforestation making it a preferred option in current regulatory scenario. In contrast to conventional paper, synthetic paper manufacturing does not involve the emission of toxic gases including carbon dioxide making it an environmentally sustainable product.
Non-label applications accounted for a significant share of synthetic paper market with estimated demand in excess of 70 kilo tons in 2013, owing to superior print properties making them favorable for use in banners, charts, graphic arts and maps. Synthetic paper has distinguished properties such as pilferage resistance and high strength making them ideally suited for novel applications such as blister packaging and folding cartons.
To request a sample copy or view summary of this report, click the link: http://www.grandviewresearch.com/industry-analysis/synthetic-paper-market-analysis Further key findings from the study suggest:
• Global synthetic paper demand was 115.0 kilo tons in 2013 and is expected to reach 176.9 kilo tons by 2020, growing at a CAGR of 6.4% from 2014 to 2020.
• BOPP was the largest product segment for synthetic paper owing to properties including superior strength, easy printability, versatility and cost effectiveness. Segment revenue was estimated at over USD 120.0 million in 2013 and is expected to grow at a CAGR of 7.1% from 2014 to 2020.
• Labeling is expected to be the fastest growing synthetic paper market application at a CAGR of over 6.6% from 2014 to 2020. Increased consumption of packaged foods & beverages owing to enhanced lifestyle is expected to augment labeling demand as the food & beverages market is characterized by stringent labeling regulations.
• Asia Pacific was the largest regional synthetic paper market with demand estimated at 45.0
Non-label applications accounted for a significant share of synthetic paper market with estimated demand in excess of 70 kilo tons in 2013, owing to superior print properties making them favorable for use in banners, charts, graphic arts and maps. Synthetic paper has distinguished properties such as pilferage resistance and high strength making them ideally suited for novel applications such as blister packaging and folding cartons.
To request a sample copy or view summary of this report, click the link: http://www.grandviewresearch.com/industry-analysis/synthetic-paper-market-analysis Further key findings from the study suggest:
• Global synthetic paper demand was 115.0 kilo tons in 2013 and is expected to reach 176.9 kilo tons by 2020, growing at a CAGR of 6.4% from 2014 to 2020.
• BOPP was the largest product segment for synthetic paper owing to properties including superior strength, easy printability, versatility and cost effectiveness. Segment revenue was estimated at over USD 120.0 million in 2013 and is expected to grow at a CAGR of 7.1% from 2014 to 2020.
• Labeling is expected to be the fastest growing synthetic paper market application at a CAGR of over 6.6% from 2014 to 2020. Increased consumption of packaged foods & beverages owing to enhanced lifestyle is expected to augment labeling demand as the food & beverages market is characterized by stringent labeling regulations.
• Asia Pacific was the largest regional synthetic paper market with demand estimated at 45.0