Tuesday, 28 June 2016

Synthetic Paper Market eyes strong profits over the next seven years

According to a new global report by Global Market Insights Inc. the Synthetic Paper Market size is anticipated to surpass 209 kilotons in terms of volume, it will grow at CAGR of 6.1% from 2016 to 2023. Regarding revenue, the market is likely to be worth USD 410.1 million by 2023. The report covers a comprehensive overview and predictive analysis of the market with segmentation by products, applications, and region. The report also gives an overview of drivers, restraints, opportunities and challenges that influence the industry.

Over the past few years, the global synthetic paper market growth has been linear, and this growth is projected to boost soon. With its high-quality characteristics, such as increased durability, high tear resistance, good slip & antistatic properties and high stiffness synthetic paper replaced the conventional cellulose paper and became a viable tool across several applications.

MEA synthetic paper market size, by product, (KT), 2012-2023

Innovative techniques and safety standards concerning its use are likely to impact the synthetic paper market trend. The market is witnessing significant growth owing to remarkable demand from regions including North America, Asia-Pacific, and Europe. Eco-friendly and recyclable products are encouraged on a regional scale. APAC with India and China mainly dominated the segment as the  largest exporter and packaging market globally.

Browse key industry insights spread across 80 pages with 49 market data tables & 14 figures from the report, “Synthetic Paper Market Size By Product (Biaxially Oriented Polypropylene [BOPP], High Density Polyethylene [HDPE]), By Application (Label, Non-label), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:

APAC regional revenue is projected to be worth USD 161.9 million at a growing CAGR of 7.3% over the forecast time frame, owing to a surge in demand across end-use industries such as food & beverages, cosmetics, and chemicals. High demand in APAC region attracts many companies to increase the capacity of their existing plants or to set up new plants in the area. North America segment can reach 45.8 kilotons demand by 2023.

The label application segment is the fastest growing segment and poised to register 80-kilo tons over the predicted time frame. Non-label applications accounted for the significant share of over 62% will increase over the predicted period. The report features the competitive landscape of the market with the major trends, finance metrics, business strategies, and company profiles of the main market players.

Yupo Corporation tops the industry, with other noteworthy names including UltraClear, Blue, Reveal, Octopus, and illuminate. PPG is another notable player apart from other remarkable companies such as DuPont, American Profol, Arjobex, Taghleef, Hop, Neenah Papers and Nan Ya Plastics Corporation.

Download a sample copy of this report: https://www.gminsights.com/request-sample/detail/378

Information Source: Global Market Insights, Inc.

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