The global synthetic paper market accounted for $63 million in 2018 and is expected to grow at an annual average of 8% over the forecast period 2021-2027 to reach $1.244.5 million in 2027.
Due to characteristics such as excellent printability, predictable convertibility, and smooth surface for improved production, the market growth is expected to accelerate as product penetration increases in the packaging and label industry.
Synthetic paper is a suitable printing medium for indoor advertising, posters, banners and other photo printing. The special coating layer of the paper not only makes the image more colorful and attractive, but also shows resistance to chemicals, grease, folding and heat. This, in turn, increases its application in the development of non-toxic thermoformed products for food packaging.
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Company Profiles
• Agfa-Gevaert Group
• American Profol Inc.
• Arjobex SAS
• Cosmo Films Limited
• Hop Industries Corporation
• NAN Ya Plastics Corporation
• PPG Industries Inc.
• Toyobo Co. Ltd.
• Transcendia, Inc.
• Yupo Corporation
Synthetic Paper Market Segments:
By Type
• Biaxially Oriented Polypropylene
• High Density Polyethylene
• Others
By Application
• Label
• Non-Label
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