{"id":598492,"date":"2022-05-04T07:06:01","date_gmt":"2022-05-04T07:06:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=598492"},"modified":"2022-05-04T07:06:01","modified_gmt":"2022-05-04T07:06:01","slug":"synthetic-paper-market-revenue-to-strike-worth-139-billion-by-2025-driven-by-increasing-product-penetration-in-packaging-and-label-sectors-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/synthetic-paper-market-revenue-to-strike-worth-139-billion-by-2025-driven-by-increasing-product-penetration-in-packaging-and-label-sectors-grand-view-research-inc_598492.html","title":{"rendered":"Synthetic Paper Market Revenue To Strike Worth $1.39 Billion By 2025, Driven By Increasing Product Penetration in Packaging And Label Sectors | Grand View Research, Inc."},"content":{"rendered":"
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Grand View Research, Inc. \u2013 Market Research And Consulting.<\/div>\n<\/div>\n<\/div>\n
According to a new report published by Grand View Research, the growing demand for eco-friendly and energy-efficient products is expected to boost the synthetic paper industry demand over the forecast period.<\/div>\n

Synthetic Paper Industry Overview<\/strong><\/p>\n

The global synthetic paper market size was estimated at USD 802.1 million in 2017 and is expected to reach USD 1.39 billion by 2025, expanding at a CAGR of 7.1% during the forecast period. Increasing product penetration in the packaging and label industry owing to its properties such as exceptional printability, predictable convertibility, and a smooth surface for improved production is expected to boost market growth.<\/p>\n

Synthetic paper is a suitable printing medium for indoor advertisements, posters, banners, and other kinds of photo printing. The special layer of coating on the paper makes the image more colorful and attractive as well as exhibits resistance against chemicals, grease, folding, and heat. This, in turn, increases its application in the development of toxic-free thermoforming products for food packaging.<\/p>\n

Gather more insights about the market drivers, restrains and growth of the <\/strong>Global <\/strong>Synthetic Paper Market<\/strong><\/a><\/p>\n

The product is used as an alternative to PVC films on account of its environmental benefits such as recyclability and limited carbon dioxide emissions during the manufacturing process. Furthermore, multi-wall paper bags and pouches are being converted to plastic-paper sacks, thereby complementing market growth over the forecast period.<\/p>\n

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Traditionally, sheet wraps around stick labels were made of lithographically printed art paper laminated with BOPP protective film. However, they failed to provide overall waterproof function, and the cost was higher in comparison to synthetic paper. The product is replacing traditional material owing to its better printing ability, quality, and waterproof properties, thereby increasing its penetration in label and beverage packaging applications.<\/p>\n

Synthetic papers offer different functionalities in various industries including cosmetics, food and beverages, and pharmaceuticals for printing and packaging and labeling. The products have high durability, water-proof and chemical, tear, and oil resistant. Furthermore, the outstanding printability of the products has resulted in increased penetration of the product in various end-user industries, thereby driving its demand over the projected period.<\/p>\n

Digital printing is expected to pave the way for new opportunities for the product over the forecast period. However, lack of awareness regarding the use of the product in pressrooms is expected to restrain its market growth. In addition, the low-cost is likely to hinder the development of high-cost synthetic paper over the forecast period.<\/p>\n

Synthetic Paper Market Segmentation<\/strong><\/p>\n

Based on the<\/strong> Product Insights, the market is segmented into<\/strong> Biaxially Oriented Polypropylene, High-Density Polyethylene, Polyethylene Terephthalate, & Others<\/strong><\/p>\n