Global Market for Synthetic Paper to Reach US$1.2 Billion by 2028 | Analysis and Forecast by Industry Experts, Inc
Industry Experts, Inc. introduced global market research report " Synthetic Paper – A Global Market Overview ". The new report reveals that Asia-Pacific is largest and the fastest growing market for Synthetic Paper estimated to account for 34.6% global market share in 2022 and further projected to grow by a CAGR of a robust 7.3% during 2022-2028. The primary reason for developing synthetic paper was to make a paper as durable as plastic, even while offering the feel, look and printability of regular paper. The popularity of these papers, which are mainly based on biaxially oriented polypropylene (BOPP) and high-density polyethylene (HDPE), has enabled their use in labeling and non-labeling applications, in addition making paper bags. Although BOPP corners the largest share of the worldwide market for synthetic papers in terms of raw material, the demand for HDPE-based synthetic papers is likely to outpace the former as regards growth. The global market for HDPE-based Synthe...