Synthetic Paper Industry Overview
The global synthetic paper market size was estimated at USD 802.1 million in 2017 and is expected to reach USD 1.39 billion by 2025, expanding at a CAGR of 7.1% during the forecast period. Increasing product penetration in the packaging and label industry owing to its properties such as exceptional printability, predictable convertibility, and a smooth surface for improved production is expected to boost market growth.
Synthetic paper is a suitable printing medium for indoor advertisements, posters, banners, and other kinds of photo printing. The special layer of coating on the paper makes the image more colorful and attractive as well as exhibits resistance against chemicals, grease, folding, and heat. This, in turn, increases its application in the development of toxic-free thermoforming products for food packaging.
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The product is used as an alternative to PVC films on account of its environmental benefits such as recyclability and limited carbon dioxide emissions during the manufacturing process. Furthermore, multi-wall paper bags and pouches are being converted to plastic-paper sacks, thereby complementing market growth over the forecast period.