According to TechSci Research report, “India Synthetic Paper Market By Product Type, By Application, By Region, Competition, Forecast & Opportunities, 2024”, India synthetic paper market is forecast to grow at a robust CAGR of more than 13% until 2024 on account of rising environmental concerns and increasing applications of synthetic paper in packaging industry. Demand for synthetic paper is expected to rise in the coming years due to its higher durability and longevity compared to ordinary paper. Moreover, it is eco-friendly and opaque, besides being resistant to tear, water, oil, stains and chemicals. Other major factors anticipated to drive India synthetic paper market include increasingly strict regulatory norms against deforestation and other environmental issues, 100% recyclability and increasing applications in paper and packaging industry. However, high cost and lack of awareness regarding the usage of synthetic paper are likely to hamper the growth of the market during forecast period.
Browse 20 market data Figures spread through 70 Pages and an in-depth TOC on "India Synthetic Paper Market"
India synthetic paper market is segmented based on product type, application and region. Based on product type, the market can be segmented into Biaxially Oriented Polypropylene [BOPP] and High-Density Polyethylene [HDPE]. Among these, BOPP segment is anticipated to dominate the market until 2024 on account of its enhanced properties such as ease of printing, fatigue resistance, heat stability, among others, over HDPE. Cosmo Films Ltd., Jindal Poly Films Ltd., Cosmo Films Ltd., E.I. DuPont India Private Limited, Yupo corporation, PPG coatings India Private Ltd., Toyobo India Private Ltd., Kaveri Metallising & Coating Ind. Pvt. Ltd., Fresco Print Pack Pvt. Ltd., JK Paper Ltd., Bio Green Papers Ltd., Epson India Pvt. Ltd. and others are some of the leading players operating in India synthetic paper market.
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Different physical and chemical attributes of synthetic paper give it an advantage over the ordinary paper. Synthetic paper is also resistant to sunlight and ultra-violet radiations, thereby making it ideal for use in different outdoor applications. “In terms of application, non-label accounted for the largest share in 2018 as this application segment meets all the environmental requirements. As a result, synthetic paper finds significant usage in non-label applications such as charts, banners and maps.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Synthetic Paper Market By Product Type, By Application, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of India synthetic paper market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India synthetic paper market.
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