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Synthetic Paper Market Size

Report ID: GMI378
Published Date: Apr 2016
Report Format: PDF

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Synthetic Paper Market Size

Synthetic Paper Market size is expected to exceed 200 kilo tons with growth rate at over 6% from 2016 to 2023. Strict regulatory norms against deforestation results into high demand for conventional resources which may favor the market growth from 2016 to 2023.

Global demand for paper increased by 400% over last 40 years including 35% of paper produced by harvested trees. Its sustainable production along with recyclable nature will positively drive the market share in coming year.

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Global label and packaging market was valued at over $300 billion in 2015, and could exceed $400 billion in the next four years, with growth over 4%. These products are obtained through polymers such as polypropylene which are refined products of crude oil. Decline in crude oil prices will positively impact the synthetic paper market value. Growing demand for print and laminated material subject to high absorption property and positive outlook towards secure credential & Identity cards and e-passports application owing to water and chemical resistant property will further complement business growth in coming year.

Synthetic Paper Market Report Attributes
Report Attribute	Details
Base Year:	2015
Synthetic Paper Market Size in 2015:	200 kilo tons
Forecast Period:	2016 to 2023
Forecast Period 2016 to 2023 CAGR:	6%
2023 Value Projection:	405 Million (USD)
Historical Data for:	2012 to 2015
No. of Pages:	80
Tables, Charts & Figures:	63
Segments covered:	Product and Region
Growth Drivers:	Increased demand for environmentally friendly products Growing label and packaging industry Increased adoption of folding cartons and blister packaging
Pitfalls & Challenges:	Fluctuating raw material prices

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Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The synthetic paper industry size is anticipated to record over 200 kilo tons in terms of production and hit a growth rate of over 6% up to 2023.

The overall market share from the biaxially oriented polypropylene product segment will grow at over 6% rate through 2023 owing to increasing use in packaging materials for fruits, fast food, confectionery, snacks, and vegetable applications.

Annual revenue of the synthetic paper industry is likely to reach over 50 kilo tons in terms of production by 2023 due to higher adoption in the stack, wraparound, shrink, in-mold as well as pressure-sensitive labels.

APAC is estimated to strike a growth rate of 7% up to 2023 owing to soaring product demand across the food & beverage, cosmetics, and chemicals sectors.