Market World Synthetic Paper Market Growth Rate | Page 2

Increasing cost associated with crude oil is likely to hamper cost of PP and PE, leading to the rising in constraint
for market growth. Additionally, increase in applications of synthetic paper and availability of raw materials are
key factors restraining growth of the market.
Rise in activities such as deforestation by regional governments and environment protection organizations are
some of the major factors for rise in adoption of synthetic papers. The regular use of synthetic paper promotes
conservation of the environmental resources. Consistent growth of the packaging and labeling industry across
the globe is subject to increase market value of synthetic paper during the forecast period.
Growing preference towards carton packaging and blister packaging is expected to drive the synthetic paper
industry in coming years. Synthetic paper is perfect blend of premium quality associated with the high-cost
papers and strength of plastic films coupled with a smooth surface, makes an ideal choice for present and future
applications. The use of synthetic paper allows integration of miniature electronic devices such as RFID tags,
which are mainly used in passports to provide durability, security, and high-performance.
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Synthetic paper is produced from synthetic resin which is derived from crude oil, and considered as a base
ingredient during the production of synthetic paper. Synthetic paper constitutes characteristics similar to that
of the plastic film. Synthetic paper is produced to inhabit properties of regular while exhibiting properties of
plastic like durability and resilience. Synthetic paper gives out feel of regular paper.
Synthetic paper majorly categorized into two kinds on the basis of processes implemented during their
manufacturing such as fiber synthetic paper and film synthetic paper. Film synthetic paper constitutes a larger
portion of the market due to numerous benefits associated with use over fiber synthetic paper.
The synthetic paper market is divided into regional market segment such as North America, Europe, Asia-Pacific,
Latin America and Africa. Asia-Pacific region is predicted to hold major market share in the synthetic paper
industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with blooming packaging industry due to substantial rise in the consummation of the
packaged food and soft drinks.
North America has shown major growth in recent years owing to the easy availability of synthetic paper in
comparison with the conventional cellulosic due to high import duty on the latter, low cost associated with use
of synthetic paper and presence of well-established industry players. The key players in the synthetic paper