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Showing posts with the label Synthetic Paper Market

The Synthetic Paper Market: Exploring Growth Drivers and Emerging Applications

  Synthetic Paper  Industry Overview   The global synthetic paper market size is expected to reach USD 1.66 billion by 2030, as per a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 5.6% from 2023 to 2030. Increasing awareness about climate change and the growing shift towards eco-friendly and recyclable packaging materials are expected to drive market growth. The major drivers of the market growth are the global increasing demand for paper and the efforts made to decrease the dependency on plant-based paper. Its sustainable production and recyclable nature are expected to notably drive the demand for synthetic paper materials in the coming years. Gather more insights about the market drivers, restrains and growth of the  Synthetic Paper Market   The Covid-19 pandemic had disrupted the global supply chain thus severely impacting the end-use industries for the product in 2020. However, the post-pandemic era...

Synthetic Paper Market expected to expand at a CAGR of 5.5% from 2022 to 2030

  Synthetic Paper Industry Overview The global  synthetic paper market   size is expected to reach USD 1.7 billion by 2030, as per a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 5.5% from 2022 to 2030. Increasing awareness about climate change and the growing shift towards eco-friendly and recyclable packaging materials are expected to drive market growth.   Synthetic Paper Market Segmentation Grand View Research has segmented the global synthetic paper market on the basis of product, application, and region: Based on the Product Insights, the market is segmented into BOPP, HDPE, PET and Others. The BOPP product segment led the market and accounted for 57.5% of the global revenue in 2021. It is expected to witness a notable CAGR of 5.3% from 2022 to 2030 owing to the better strength offered by the material which makes them suitable for packaging perishable items such as snacks, fast food, vegetables, fruits, and  c...