Synthetic Paper Market | Exactitude Consultancy Reports

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Global Synthetic Paper Market by Raw Material (Biaxially-Oriented Polypropylene (BOPP), High Density Polyethylene (HDPE)), By Application (Labels, Printing, Paper Bags) and Region, Global Trends and Forecast From 2022 To 2029

The global synthetic paper market is expected to grow at 6.40 % CAGR from 2020 to 2029. It is expected to reach above USD 1.78 Billion by 2029 from USD 1.02 Billion in 2020.

Segment Analysis
Based on raw material, the market is segmented into biaxially-oriented polypropylene (BOPP), High-Density Polyethylene (HDPE). HDPE films are utilized in a variety of sectors, including packaging, medical, industrial, and food. Additional uses that are pushing the adoption of HDPE films include the fabrication of covering sheets that may be utilized as a separating layer during the production of bitumen belts. By the addition of appropriate color concentrates, several color variations of HDPE films may be created, making them ideal for applications such as the production of T-shirt bags, semi-product for printing, and liners for paper bags. These reasons are boosting worldwide market demand. HDPE films are robust and solid materials that may be utilized for a range of packaging applications due to their linearity, stiffness, and crystalline structure.

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