Market revenue in 2022 | USD 73.8 million |
Market revenue in 2030 | USD 118.4 million |
Growth rate | 6.1% (CAGR from 2022 to 2030) |
Largest segment | Bopp |
Fastest growing segment | HDPE |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | BOPP, HDPE, PET |
Key market players worldwide | Formosa Plastics Group, Sihl Group, Cosmo Films, Transcendia, Toyobo Co Ltd, Technovative Group Inc, Jindal Poly Films, Illinois Tool Works |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to synthetic paper market will help companies and investors design strategic landscapes.
Bopp was the largest segment with a revenue share of 57.18% in 2022. Horizon Databook has segmented the Latin America synthetic paper market based on bopp, hdpe, pet covering the revenue growth of each sub-segment from 2018 to 2030.
Synthetic paper is widely used in the packaging industry which is one of the major factors for its market growth in Central & South America, owing to rising industrial setup in the region primarily in Brazil & Argentina.
Brazil is one of the major countries producing synthetic paper as the oil production in the country is high. Low raw material prices in the region reduces the manufacturing cost of paper rendering it feasible for production on a large-scale and export to countries with high demand.
Cut & stack labeling is cost-effective in the long run. These labels can be produced on film (metalized & opaque). A comprehensive range of embellishments is also added to the product including foil stamping, embossing, striking metallic, stunning varnish effects, and intricate shapes.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America synthetic paper market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America synthetic paper market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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