The global synthetic paper market size is expected to reach USD 1,661.97 million by 2030, according to a new study by Polaris Market Research. The report “Synthetic Paper Market Share, Size, Trends, Industry Analysis Report, By Product (High-density Polyethylene, Biaxially Oriented Polypropylene, PET, PVC); By Application; By End-Use; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Synthetic papers are made of hard materials and are commonly used to provide for high-quality printing. These are highly durable, and are water, chemical and tear resistant. These synthetic papers are mostly used for printing, packaging and labeling purposes.
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In comparison with the traditional papers, the synthetic paper does not turn yellow and has longer shelf-life cycle. It is used across applications that require strength along with natural resistance. For instance, these synthetic papers are used for labelling patients’ wristbands in medical industry, as they are tear resistant.
Several acts and standards are set up to regulate the use of synthetic paper in the food & beverages, agriculture, construction & infrastructure, and other sectors. The U.S. Food and Drug Administration (FDA) has listed the food preservative guidelines to offer safe usage of synthetic paper for packaging of food & beverages products.
Members of numerous regulatory bodies such as the Environment Protection Agency (EPA) and Extended Producer Responsibility (EPR) consider the amount of waste generated due to the accumulation of synthetic paper and impose independent laws considering respective regions.
The growth of the global market is primarily driven by development of eco-friendly synthetic paper. Polyart is an eco-friendly synthetic paper that is commonly used these days for packaging and printing purpose. This type of synthetic paper coated with clay and is recyclable. The printing is of high quality and bright and takes lesser time to dry out.
Synthetic Paper Market Report Highlights
Polaris Market Research has segmented the synthetic paper market report based on product, application, end-use, and region:
Synthetic Paper, Product Outlook (Revenue - USD Million, 2018 - 2030)
Synthetic Paper, Application Outlook (Revenue - USD Million, 2018 - 2030)
Synthetic Paper, End-Use Outlook (Revenue - USD Million, 2018 - 2030)
Synthetic Paper, Regional Outlook (Revenue - USD Million, 2018 - 2030)