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.

• S.B. Enterprises

• Seiko Epson Corp.

• .Shenzhen FAXIN ZHONGXIN STICKINESS CO. LTD.

• Transilwrap Co., Inc.

• Yupo Corp.

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