The report "Synthetic Paper Market by Type (Bopp, HDPE, Others), by Application (Label, Non-Label), by Geography (Asia-Pacific, Europe, North America, Row) - Trends & Forecast to 2020", The global synthetic paper market is projected to reach USD 386.5 million by 2020, at a CAGR of 7.0%.

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The size of the global synthetic paper market is estimated to be USD 275.4 Million in 2015 and is projected to reach USD 386.5 Million by 2020, at a CAGR of 7.0% from 2015 to 2020.

The Asia-Pacific region is the global leader, in terms of consumption of synthetic paper and this dominance is expected to continue till 2020. Japan is the key market in this region, which contributes to more than 30% of the total demand for synthetic paper, followed by China, where the consumption rate is increasing steadily.

The increase in the consumption of synthetic paper in packaging & labeling, food & beverages, cosmetics, pharmaceuticals, and printing industries has been observed in the Asia-Pacific region owing to continuous industrialization along with rise in the manufacturing sector in the region. The continuous growth and innovations as well as industrial consolidations are projected to ascertain a bright future for this market in the coming years.

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The Asia-Pacific region is the fastest-growing market for synthetic paper as it is one of the major consumers of synthetic paper. This is due to increase in the usage of synthetic paper in the food & beverages industries of the region. The demand for synthetic paper is increasing in the developed as well as developing countries, such as Japan, China, Taiwan, India, Australia, and other countries in the Asia-Pacific region.

To meet the growing demand for synthetic paper, several top manufacturers from the U.S. and Europe are now focusing on the Asia-Pacific region for the expansion of their synthetic paper businesses. Increasing spending capacity of the consumers in the emerging economies, such as India and China is expected to drive the demand for synthetic paper. The synthetic paper market in this region is projected to register a CAGR of 7.5% during the forecast period, 2015 to 2020.

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The countries covered in this report are Japan, China, Taiwan, India, Australia, Germany, the U.K., France, Italy, the U.S., Canada, and Mexico. By type, the global market is segmented into biaxially oriented polypropylene (BOPP), high-density polyethylene (HDPE), and others.

By application, the market is segmented into label and non-label. As a part of qualitative analysis, the research report also provides comprehensive information about various market drivers, restraints, opportunities, challenges, and key issues for this market.

It also includes company profiling and competitive strategies adopted by different market players, including Nan Ya Plastics Corporation(Taiwan), Yupo Corporation(Japan), Arjobex SAS (France), American Profol Inc. (U.S.), Hop Industries Corporation (U.S.), PPG Industries, Inc. (U.S.), Relyco Sales, Inc. (U.S.), Transilwrap Company, Inc. (U.S.), Seiko Epson Corporation (Japan),MDV Papier-und Kunststoffveredelung GmbH (Germany), and Agfa-Gevaert N.V. (Belgium).

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