Synthetic Paper Market Analysis

Synthetic Paper Market Analysis

Biaxially oriented polypropylene was valued over $100 million in 2015 and may witness growth at over 6% through 2023. It offers high strength, clarity, and makes them appropriate for usage as packaging material such as for fruits, fast food, confectionery, snacks and vegetables application.

Superior biaxially oriented polypropylene offers ease of laminating, coating & printing to obtain desirable appearance and characteristics. Moreover, it is cost efficient along with excellent moisture barrier and superior strength properties when compared with other available alternatives. High density polyethylene synthetic paper market is set to reach over 70 kilo tons by 2023.

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Label segment is poised to exceed 50 kilo tons by 2023. It is used for stack labels, wraparound labels, shrink labels, in-mold labels and pressure sensitive labels. Non-label accounted for over 60 % of global synthetic paper market share in 2015. These products are primarily used for graphic arts, charts, banners and maps. It is also suitable for public and promotional print media.
 

Asia Pacific will exceed 150 million by 2023 with  growth at over 7% during the forecast period. Increasing demand from industries such as food & beverage, cosmetics, and chemicals subject to change in lifestyle trend will further complement the synthetic paper market outlook in future.
 

U.S. market size is predicted to reach over 40 kilo tons by 2023. Growing banner ads demand in the region will favor the market revenue over forecast period. Banner ads investment reached USD 7.9 billion in 2013 from USD 6 billion in 2010. Moreover, Latin America contributed over 5% of share in 2015 and should witness a decent growth from 2016 to 2023. Europe was valued over USD 60 million in 2015 owing to increasing demand from food and beverage industry.