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...