The Business Research Company’s Synthetic Paper Global Market Report 2024is the most detailed report available on the market, including broad forecast periods and multiple geographies. The reportcovers the historic period – 2010-2021, and the forecast period – 2024-2033. The Synthetic Paper Global Market Report 2023evaluates synthetic paper market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global synthetic paper market is expected to grow from$1.09 billion in 2023 to $1.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to expansion of the packaging industry, increasing cost-effective solutions, growing concerns about deforestation, advances in synthetic paper.The synthetic paper market size is expected to see strong growth in the next few years. It will grow to $1.47 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%.
The growing e-commerce industry is expected to propel the growth of the synthetic paper market going forward. E-commerce refers to the purchasing and selling of products and services through an electronic network, most notably the Internet. Synthetic paper is used for manufacturing e-commerce labels, tags, packaging, and other promotional items. With more businesses and people preferring online shopping, the demand for durable packing materials such as synthetic paper will rise. For instance, in 2021, according to the International Trade Administration, a US-based Department of Commerce, global retail consumer goods e-commerce sales increased by 10.8% from $4,891 billion to $5,424 billion. Further, in May 2023, according to the Census Bureau, a US-based agency for the Federal Statistical System, the estimated U.S. retail e-commerce sales increased by 7.8% from 252.8 million in 2022 to 272.6 in 2023. Therefore, the Growing e-commerce industry will drive the synthetic paper market.
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The synthetic paper market segments in the report are:
1) By Raw Material: Biaxially-Oriented Polypropylene (BOPP), High-Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC)
2) By Thickness: Below 200 microns, 200 to 400 microns, Above 400 microns
3) By Application: Printing, Labels And Tag, Packaging, Other Applications
4) By End-User: Industrial, Institutional, Commercial And Retail
The table of contents in TBRC’s synthetic paper market report includes:
1. Executive Summary
2. Synthetic Paper Market Characteristics
3. Synthetic Paper Market Trends And Strategies
4. Synthetic Paper Market – Macro Economic Scenario
5. Impact Of High Inflation On Market
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32. Global Synthetic Paper Market Competitive Benchmarking
33. Global Synthetic Paper Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Synthetic Paper Market
35. Synthetic Paper Market Future Outlook and Potential Analysis
36. Appendix
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