Synthetic Paper Market Size Projected To Reach USD 1.7 Billion By 2030Posted by Neha Bora on December 9th, 2022 San Francisco, 9 Dec 2022: The Report Synthetic Paper Market Size, Share & Trends Analysis Report By Product (BOPP, HDPE, PET), By Application (Label, Non-label), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2022 - 2030 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. 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. 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 has brought in bright prospects due to a boost in the economies, which are expected to accelerate the market. The synthetic resin, which acts as raw material for synthetic paper happens to be crude oil’s refined product. With fluctuating prices of crude oil, the demand for synthetic paper is bound to be hampered directly. Also, looking at the current geopolitical scenario, the crude oil prices seem to remain high for quite a long period, ultimately affecting the market. Access Research Report of Synthetic Paper Market @ https://www.grandviewresearch.com/industry-analysis/synthetic-paper-market-analysis Synthetic Paper Market Report Highlights
List of Key Players in Synthetic Paper Market
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