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The BOPP segment is projected to account for the largest share of the synthetic paper market


The report "Synthetic Paper Market By Raw Material (BOPP, HDPE), Application (Printing, Paper Bags, Labels), End-use Industry (Paper, Packaging), and Region (APAC, Europe, North America, Middle East & Africa, South America) - Global Forecast To 2025", The global synthetic paper market size is projected to grow from USD 526 million in 2020 to USD 819 million by 2025, at a CAGR of 9.2% between 2020 and 2025.

The printing segment projected to account for the largest share during the forecast period.

The printing segment is estimated to hold a larger market size. The large market size for this segment is attributed to the synthetic paper having lower static surface which prevents double feeding and eases the printing process which makes them suitable with various printers for several printing applications.

Packaging to be a promising end-use industry of the synthetic paper market.

Packaging is another major industry in synthetic paper market. These synthetic paper are used for packaging of various materials which includes food and non-food items. The growing usage for packaging of raw material bags, bags of salt, shopping bags, BOPP card bags, flower sleeves, wrapping paper, foods packaging, hotel bathroom articles packaging, the demand for synthetic paper has increased.

APAC is expected to account for the largest synthetic paper market share during the forecast period

The APAC synthetic paper market is segmented as China, Japan, India, South Korea, Taiwan, and Rest of APAC. APAC is projected to continue its dominance over the market until 2025. Increasing population and urbanization in the region are the primary reasons for the growth of the synthetic paper market in the region. China’s emergence as a global manufacturing hub has increased the demand for synthetic paper. Cheap labor and easy availability of raw materials boost the production of these products in the region
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Key Market Players

PPG Industries, Inc. (US), Seiko Epson Corporation (Japan), Agfa-Gevaert Group (Belgium), Yupo Corporation (Japan), Arjobex SAS (France), American Profol Inc. (US), Hop Industries Corporation (US), Relyco Sales, Inc. (US), Transilwrap Company, Inc. (US), MDV-Papier-und Kunststoffveredelung GmbH (Germany), Cosmo Films Ltd. (India), Neenah Inc. (US), Toyobo Co. Ltd. (Japan), Hwaseung Industries Co., Ltd. (South Korea), Innovia Films (UK), Nan Ya Plastics Corporation (Taiwan), Valeron Strength Films (US), Aluminium Feron GmbH & Co. KG (Germany), Huanyuan Plastics Film Co., Ltd. (China), Tamerica Products Inc. (US), Ruian Rifo Packaging Material Co., Ltd. (China), Kaveri Metallising & Coating Industries Pvt. Ltd. (India), Shijiazhuang Dadao Packaging Materials Co., Ltd. (China), Elastin International Corporation (Taiwan), Masterpiece Graphix (US) are some of the players operating in the global synthetic paper market.

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