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Global Synthetic Paper Industry
New Study On “Synthetic Paper Market Segmentation and Major Players Analysis 2023” Added to Wise Guy Reports Database+
The report covers a detailed research methodology of the “Global synthetic paper market”. Global Synthetic Paper Market is exhibited to grow at the compound annual growth rate of 6% during 2018-2023. Synthetic papers are heartily accepted due to environmental concerns and eco-friendly attributes. They are made without any wood fibers and avoids cutting of trees and performs better than the conventional papers.
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The Global Synthetic Paper Market Key players include Agfa-Gevaert N.V., American Profol INC., Arjobex Sas, Azbil Corporation, China Leowong Industry CO. LTD, Cosmo Films, Dupont, Etec Creation CO. LTD, Fspg Hi-Tech CO. LTD, and others. The companies are expected to focus on product differentiation over the forecast period. These players have been focusing on developmental strategies, such as contracts, mergers & acquisitions, expansions, and divestments which have helped them expand their businesses in untapped and potential markets.
Synthetic papers are heartily accepted due to their significant printing ability, durability and resistance to oil, water, grease, and another chemical. They have quick drying time and significant resistance to moisture and weather with high opacity and efficiency. It differs from the plastic film in printing characteristics, and it differs from the traditional paper due to the lack of wood fibers.
In Global synthetic paper, market segmentations are made on the basis of
This market is geographically divided into North America, Europe, Asia Pacific and Rest of the world. North America is the biggest contributor to Global Synthetic Paper market.
The Asia Pacific is estimated to account for 30.3% of the global market share by 2025, on account of the rising urbanization, growth in cost per package, sustainability, and the improving consumer lifestyle in emerging economies of China and India.
The low prices of the product in Central and South America as compared to other regions has triggered the regional demand. Furthermore, advertising on outdoor panels, public transports, and taxis in Brazil is expected to drive the market.
Wrap-around labels are used widely in beverage packagings such as functional drinks and fruit juices which is expected to drive the growth of the label industry in North America, thus positively affecting market growth.
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