The global synthetic paper market is anticipated to grow significantly at a CAGR of 8.8% over the forecast period (2024-2031). synthetic paper has gained high popularity as a choice material in many end-use applications due to its high-performance properties, including chemical resistance, oil resistance, tear resistance, water resistance, UV resistance durability, and longer shelf life. Rising demand for synthetic papers in paper bags and end-use industries like food and beverages, pharmaceuticals, packaging, cosmetics, and chemicals is expected to boost the overall growth of the synthetic paper market. For instance 

•       In 2020, Arjobex SAS acquired 100% shares of the MDV Group—a niche manufacturer and coater of specialty papers and films for the print, packaging, medical, sign/display and building industries.

•       In September 2020, Yupo Corporation launched "SUPERYUPO Double" (grade: FRBW) grade for oil-based offset printing suitable for double-sided printing using oil-based ink for paper. The product is fragment of the YUPO GREEN Series that is merged partially with plant-derived biomass resin, which benefits reduce CO2 emissions.

The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In January 2019, the agreement was signed between the Agfa-Gevaert Group and Fujitex Co., Ltd., a global trading company in Japan, to distribute synthetic paper under the trade name of SYNAPS. The agreement includes distributing SYNAPS XM products as Fujitex has a stronghold on the printer market.

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Market Coverage

·        The market number available for – 2023-2031

·        Base year- 2023

·        Forecast period- 2024-2031

Segment Covered- by type,by application, and by end-user industry  

Regions Covered- North America, Europe, Asia-Pacific, Rest of the World

Competitive Landscape- are PPG Industries, Seiko Epson Corporation, Agfa-Gevaert Group, Nan Ya Plastics Corporation, Yupo Corporation,  American Profol Inc., Cosmos Films, Dupont, Hop Industries Corporation, Arjobex Sas, S.b Enterprises, and others.

Synthetic Paper Market– Segmentation

By Type

·        High-Density Polyethylene (HDPE)

·        Biaxially Oriented Polypropylene (BOPP)

·        Others (PET and PVC)

By Application

·        Labelling and Tags

·        Printing 

·        Paper Bag

·        Others 

By End-User Industry 

·        Industrial

·        Institutional

·        Others (Commercial and Retail)

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Synthetic Paper Market by Region 

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•       American profol inc.

•       Arjobex SAS

•       Azbil Corp.

•       China Leowong Industry Co. Ltd.

•       Cosmo films

•       Dupont Inc.

•       Etec Creation Co. Ltd.

•       Fspg hi-tech co. Ltd

•       Haiyan Huada Ink Chemical Co. Ltd.

•       Hop Industries Corp.

•       MDV Papier UND Kunststoffveredelung GmbH

•       Nan Ya Plastics Corp.

•       Ningbo Huikai Stationary Co. Ltd.

•       Relyco Sales, Inc.

•       S.B. Enterprises

•       Seiko Epson Corp.

•       .Shenzhen FAXIN ZHONGXIN STICKINESS CO. LTD.

•       Transilwrap Co., Inc.

•       Yupo Corp.

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