Wellesley, MA (PRWEB) June 16, 2015
Synthetic paper will continue to be a specialty niche market, and, although it will not significantly penetrate many of its key markets, it will provide reasonable dollar volumes and profits for most of the major players who remain in the business.
BCC Research reveals in its new report that the global synthetic paper market is expected to total 267 million pounds in 2015, and 370 million pounds by 2020, reflecting a five-year compound annual growth rate (CAGR) of 6.7%. The non-label application segment of the synthetic paper market should increase from 156 million pounds in 2015 to 214 million pounds in 2020, with a CAGR of 6.5%. (The non-label market references original, more traditional synthetic paper products such as printed paper, maps, menus, banners, POP/signs, and graphic arts). The global synthetic paper market for label/tag applications should increase from 111 million pounds in 2015 to 156 million pounds in 2020, reflecting a CAGR of 7%.
Although synthetic paper has been commercial since the mid-1980s, this niche market has undergone substantive changes in market emphasis. Targeted at replacing fiber-based paper, synthetic paper has become an important product in the production of labels and tags. Synthetic paper products also have moved into new and interesting areas such as radio frequency identification tags/labels (RFIDs) and are looking to expand in other paper substitution markets. Synthetic paper will not significantly penetrate many of its key markets, but it will provide reasonable dollar volumes and profits for most key players in the business.
“The term ‘synthetic paper’ has not been universally defined because it is basically an opaque plastic film that is both printable and writeable. Most synthetic papers are either biaxially oriented polypropylene or high-density polyethylene , although there are sizable amounts made from polyesters and fewer from polystyrene and PVC,” explains BCC Research Melvin Schlechter. “Actually, the distinction between synthetic paper and white opaque printable films has not yet been resolved. We have used the concept that, if a company states that their product is a synthetic paper, it has been included in the study.”
Synthetic Papers: Technologies and Global Markets (PLS023D) provides a current and forecasted analysis of the global synthetic paper market. This report includes products that producers, converters and distributors market as synthetic paper although, in many instances, it replaces a non-fiber based paper product such as plastic films. Market estimates and forecasts by major application and other critical aspects of the market are presented.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming(at)bccresearch(dot)com.
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key market participants. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Recently selected as the world’s greatest market research company, BCC Research is a unit of Eli Global, LLC. Visit our website at http://www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or email information(at)bccresearch(dot)com.