Synthetic Paper Market Growth Rate, Emerging Countries and
Manufacturing Cost Forecasts To 2024
“The Market is subject to witness a substantial growth due to the growing
environmental concerns and numerous initiatives taken by local governments
coupled with rising need for packaging and labeling in packaged food &
beverages.”
The Global Synthetic Paper Market size is anticipated to value at USD 1.3 billion by 2024. The market is subject
to witness a substantial growth due to the growing environmental concerns and numerous initiatives taken by
local governments coupled with rising need for packaging and labeling in packaged food & beverages. Numerous
benefits offered by the use of synthetic paper include recycling and reduction in byproducts during
manufacturing processes, are some of the key factors driving growth of the market in the present times. The
adoption of the synthetic paper allows reusability over period of the time, while adoption of conventional paper
cannot be recycled more than two to three times.
Additionally, essential properties associated with synthetic paper includes water resistant, dust resistance,
stress resistant, and heat resistant, thus fueling growth of the market in recent times. Globally, the synthetic
paper market is predicted to grow at CAGR of 7.1% in forecast period, providing numerous opportunity for
market players to invest for research and development in the synthetic paper industry.
The synthetic paper offers excellent physical properties such as resilience and high stress resistance coupled
with along suitable chemical properties for various labeling services, thus boosting growth of the synthetic paper
market in near future. Application of synthetic paper varies from packaging industry to chemicals industry.
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