Growth in Demand from F&B Leads Synthetic Paper Global Market to Reach $1.2B by 2028

LOS ANGELES - Feb. 10, 2023 - PRLog -- Industry Experts, Inc. introduced global market research report "Synthetic Paper – A Global Market Overview". The new report reveals that Asia-Pacific is largest and the fastest growing market for Synthetic Paper estimated to account for 34.6% global market share in 2022 and further projected to grow by a CAGR of a robust 7.3% during 2022-2028.

The primary reason for developing synthetic paper was to make a paper as durable as plastic, even while offering the feel, look and printability of regular paper. The popularity of these papers, which are mainly based on biaxially oriented polypropylene (BOPP) and high-density polyethylene (HDPE), has enabled their use in labeling and non-labeling applications, in addition making paper bags.

Although BOPP corners the largest share of the worldwide market for synthetic papers in terms of raw material, the demand for HDPE-based synthetic papers is likely to outpace the former as regards growth. The global market for HDPE-based Synthetic Paper is anticipated to exhibit the fastest CAGR of 7% during the analysis period in reaching a projected US$433.7 million by 2028.

The market for Synthetic Paper analyzed in this report based on raw material types including Biaxially Oriented Polypropylene (BOPP), High-Density Polyethylene (HDPE) and Other Raw Materials. The report also focuses on the applications market for Synthetic Paper comprising Labeling, Non-Labeling and Other Applications while end-use industry markets also examined including Chemical, Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals and  Others.

This report reviews, analyzes and projects the Synthetic Paper market for global and the regional markets including the North America, Europe, Asia-Pacific, South America and Rest of World for the period 2019-2028 in terms of value in USD. These regional markets further analyzed for 13 independent countries across North America – The United States, Canada and Mexico; Europe – France, Germany, Italy and the United Kingdom; Asia-Pacific – China, India, Japan; and South America – Argentina and Brazil.

This 254 page global market research report on Synthetic Paper includes 190 charts (includes a data table and graphical representation for each chart), supported with a meaningful and easy to understand graphical presentation, of the market. This report includes business profiles of 16 key global players and 22 major players across the North America – 9; Europe – 5; and Asia-Pacific – 8. The report also provides the listing of the companies engaged in production, research & development, supply and distribution of Synthetic Paper. The global list covers the addresses, contact numbers and the website addresses of 45 companies.

California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.

For more details, please visit:https://industry-experts.com/verticals/chemicals-and-mate...