Synthetic paper is manufactured by
using synthetic resins which are derived from petroleum products. It has
characteristics similar to regular paper made from wood pulp but in appearance
it looks like plastic films. Mostly, it is in opaque or white color which has
printing and processing capabilities. Usually, synthetic paper is made up of
high-density polyethylene (HDPE) or biaxially oriented polypropylene (BOPP) and
few amounts of polystyrene and polyvinyl chloride (PVC). These materials are
used for giving better printability and a matt surface. HDPE is widely used and
PP is catching up fast.
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Synthetic paper can be segmented on
the basis of applications into non-label segment and labels/tags. The non-label
segment comprises of traditional synthetic paper products such as graphic arts,
banners, maps, menu, etc. The global synthetic market has undergone tremendous
changes owing to technological development and is expected to grow at a steady
pace. The labels segment is expected to grow faster than the non-label segment.
Environmental issues regarding the manufacturing of wood pulp based paper is
driving the market for synthetic paper and has many advantages over regular
paper.
Synthetic paper emits very low toxic
gases and hence is eco-friendly. Prices of synthetic papers are slightly
higher than regular paper hence they are preferred over the former. However,
this challenge can be overcome by technological development and innovation.
The Asia-Pacific region is the
fastest growing market followed by Europe and North America. It is a niche
market and hence a relatively small one when seen on a global scale. The North
American region is a mature market for synthetic papers. Some countries have
started printing their currencies using such paper. They are slowly replacing
vinyl papers used in printers by water-proof versions of synthetic paper.
The synthetic paper industry is
highly consolidated. Yupo Corporation of Japan is the first producer of
synthetic paper and dominates this industry. Some of the key players in the
market include Arjobex, American Profol, B&F Plastics, and FLEXcon.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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recent developments in technology, Porter’s five force model analysis and
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entrants along with detailed value chain analysis.
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