The global Synthetic Paper Market size is anticipated to value at USD 1.3 billion by 2024. Numerous benefits offered by the use of synthetic paper include recycling and reduction in by products 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. Additionally, increase in applications of synthetic paper and availability of raw materials are key factors restraining growth of the market.
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.
Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/synthetic-paper-market/request-sample Key Players:The key players in the synthetic paper industry are PPG Industries, Arjobex Co., DuPont, American Profol Inc., Hop Industries Co., Taghleef Industries, Nan Ya Co., and Neenah Papers.
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.
