Synthetic Paper Market in Americas by Material and Geography - Forecast and Analysis 2021-2025

The synthetic paper market share in America is expected to increase by USD 51.21 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.48%.

This synthetic paper market in America research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers synthetic paper market segmentation in America by material (BOPP, HDPE, and others) and geography (US, Canada, and Rest of America). The synthetic paper market in America report also offers information on several market vendors, including ARJOBEX SAS, DuPont de Nemours Inc., Have Our Plastic Inc., Nan Ya Plastics Corp., Neenah Inc., PPG Industries Inc., Relyco Sales Inc., Seiko Epson Corp., Transcendia Inc., and Yupo Corp. among others.

What will the Synthetic Paper Market Size in America be During the Forecast Period?

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Synthetic Paper Market in America: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The high demand from the beverage industry is notably driving the synthetic paper market growth in America, although factors such as the fluctuating crude oil prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the synthetic paper industry in America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Synthetic Paper Market Driver in America

 The high demand from the beverage industry is notably driving the synthetic paper market growth in America. The rising demand for paper has resulted in increasing deforestation across the world. This imposes a huge threat to the existence of various animals and impacts the environment in several ways. In the US, about 85 million tons of paper is used annually. Thus, to offset the growing demand for wood pulp-based paper, synthetic paper can be used as a substitute. Synthetic paper does not require wood pulp for its production and has a superior quality compared with regular paper. This paper does not use any organic materials for its production. Instead, it is manufactured using non-organic materials like synthetic resins. Also, the paper offers better resistance to wear and tear and protection from oil, chemical, and water exposure. Overall, the level of sustainability offered by synthetic paper drives the growth of the synthetic paper market in Americas.

Key Synthetic Paper Market Trend in America

The rise in inkjet printing is the key trend driving the synthetic paper market growth in America. The adoption of inkjet technology has grown due to its various features. The printing technology is relatively affordable and faster. Inkjets are used in the labeling industry because they exhibit excellent printing properties. The printing done using inkjet technology is free from ink loss due to scratches, exposure to chemicals, or water. This eliminates the need for over-varnishing of labels, thereby cutting down additional steps and saving costs. The inkjet has good adhesion properties for a wide variety of substrates, such as PVC and PE films. These properties make it ideal for printing applications of synthetic paper. In addition, pretreatment of the substrate is not required, thereby reducing the cost associated with the entire process. The growth of this technology will impact the synthetic paper market in America because the availability of such technology will enhance printability as well as make it appropriate for many kinds of applications

Key Synthetic Paper Market Challenge in America

The fluctuating crude oil prices will be a major challenge for the synthetic paper market growth in America during the forecast period. The major supplier of raw materials for the synthetic paper market in America is the oil and gas industry. The volatility in the price of raw materials used in the production of synthetic paper will affect its production. The crude oil prices dipped during 2014 and 2017 due to the overproduction of oil by the Organization of the Petroleum Exporting Countries (OPEC) and rise in alternatives like shale gas. Since the end of 2017, oil and gas prices increased until 2019. However, in the first half of 2020, the average price of crude oil witnessed a significant decrease due to the outbreak of the COVID-19 pandemic. The volatile prices of crude oil will impact the vendors, owing to the fluctuation in their production costs. This will adversely affect the margins of the vendors as well. Synthetic papers are considered to be more expensive than regular paper and generic plastics like polystyrene and PVC vinyl. It is almost twice as expensive as regular paper. The fluctuating prices of the crude oils will again increase the cost of these papers, affecting the demand for these papers in the various end-user segments.

This synthetic paper market in America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Synthetic Paper Market Vendors in America?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• ARJOBEX SAS
• DuPont de Nemours Inc.
• Have Our Plastic Inc.
• Nan Ya Plastics Corp.
• Neenah Inc.
• PPG Industries Inc.
• Relyco Sales Inc.
• Seiko Epson Corp.
• Transcendia Inc.
• Yupo Corp.

This statistical study of the synthetic paper market in America encompasses successful business strategies deployed by the key vendors. The synthetic paper market in America is fragmented and the vendors are deploying growth strategies such as working on technology and expanding their production units for new product development to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The synthetic paper market in America forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Synthetic Paper Market in America?