The Synthetic Paper Market is estimated at USD 587 million in 2019 and is projected to reach USD 873 million by 2024, at a CAGR of 8.3% from 2019 to 2024.
Browse 89 market data Tables and 42 Figures spread through 132 Pages and in-depth TOC on "Synthetic Paper Market to 2024".
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- In January 2019, the Agfa-Gevaert Group and Fujitex Co., Ltd. signed an agreement for the distribution of synthetic paper under the trade name, SYNAPS. The agreement includes the distribution of SYNAPS XM products, as Fujittex has a strong hold on the printer market.
- In June 2019, Yupo Corporation developed its new synthetic paper, which is manufactured from biodegradable plastic resin, and is used for the labels application. This YUPO Green Synthetic paper is made from sugarcane bagasse which is a substitute for conventional crude oil-based paper. This development was an initiative from Yupo Corporation which was undertaken with reference to the goal of sustainable development of the organization and to produce environment-friendly products.
- In April 2017, Cosmo Films Ltd launched BOPP-based universal printable coated synthetic paper, which is suitable for the available printing technologies, which include wet & UV offset, wet & UV flexo, letterpress, screen, thermal transfer, and most of the digital toner technologies. This synthetic paper can be used for commercial printing, tags & labels, retail & packaging, identification & credentials, and outdoor applications. This new product was launched with consideration for lowering the inventory carrying cost.
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Key Market Players
Nan Ya Plastics Corporation(Taiwan), PPG Industries (US), Agfa-Gevaert Group (Belgium), Yupo Corporation (Japan), Arjobex SAS (France), American Profol (US), HOP Industries Corporation (US), Relyco Sales (US), Transilwrap Company, Inc. (US), Cosmo Films (India), Neenah Inc. (US), and Toyobo Co., Ltd (Japan), among others are the major players in the synthetic paper market.
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