The global synthetic paper market is anticipated to grow significantly at a CAGR of 8.8% over the forecast period (2024-2031). synthetic paper has gained high popularity as a choice material in many end-use applications due to its high-performance properties, including chemical resistance, oil resistance, tear resistance, water resistance, UV resistance durability, and longer shelf life. Rising demand for synthetic papers in paper bags and end-use industries like food and beverages, pharmaceuticals, packaging, cosmetics, and chemicals is expected to boost the overall growth of the synthetic paper market. For instance 

In 2020, Arjobex SAS acquired 100% shares of the MDV Group—a niche manufacturer and coater of specialty papers and films for the print, packaging, medical, sign/display and building industries.
In September 2020, Yupo Corporation launched "SUPERYUPO Double" (grade: FRBW) grade for oil-based offset printing suitable for double-sided printing using oil-based ink for paper. The product is fragment of the YUPO GREEN Series that is merged partially with plant-derived biomass resin, which benefits reduce CO2 emissions.

The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In January 2019, the agreement was signed between the Agfa-Gevaert Group and Fujitex Co., Ltd., a global trading company in Japan, to distribute synthetic paper under the trade name of SYNAPS. The agreement includes distributing SYNAPS XM products as Fujitex has a stronghold on the printer market.

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- by type,by application, and by end-user industry  

Regions Covered- North America, Europe, Asia-Pacific, Rest of the World

Competitive Landscape- are PPG Industries, Seiko Epson Corporation, Agfa-Gevaert Group, Nan Ya Plastics Corporation, Yupo Corporation,  American Profol Inc., Cosmos Films, Dupont, Hop Industries Corporation, Arjobex Sas, S.b Enterprises, and others.

Synthetic Paper Market– Segmentation

By Type

High-Density Polyethylene (HDPE)
Biaxially Oriented Polypropylene (BOPP)
Others (PET and PVC)

By Application

Labelling and Tags
Printing 
Paper Bag
Others 

By End-User Industry 

Industrial
Institutional
Others (Commercial and Retail)

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Synthetic Paper Market by Region 

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

American profol inc.
Arjobex SAS
Azbil Corp.
China Leowong Industry Co. Ltd.
Cosmo films
Dupont Inc.
Etec Creation Co. Ltd.
Fspg hi-tech co. Ltd
Haiyan Huada Ink Chemical Co. Ltd.
Hop Industries Corp.
MDV Papier UND Kunststoffveredelung GmbH
Nan Ya Plastics Corp.
Ningbo Huikai Stationary Co. Ltd.
Relyco Sales, Inc.
B. Enterprises
Seiko Epson Corp.
.Shenzhen FAXIN ZHONGXIN STICKINESS CO. LTD.
Transilwrap Co., Inc.
Yupo Corp.

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