Synthetic Paper Market is Progressing at a CAGR of 7.1% during the forecast period
The global synthetic paper market size is projected to reach USD 1.3 billion by 2024. Rising environmental awareness due to initiatives taken by environmental organizations and increasing demand from the packaging & label industry is likely to stoke the growth of the market. Synthetic paper is recyclable and wastes linked to the production are collected by a recycling company and processed as raw materials for other plastics. Unlike traditional paper, which can only be recycled four to five times at the most, synthetic paper can be recycled for unlimited number of times. Furthermore, it is water resistant, dustproof, tears resistant, and heat resistant. Synthetic papers are durable and tear resistant, which makes them suitable for a variety of blister packaging applications. Its usage has been increasing in the pharmaceutical sector, especially with products known to have high pilferage rate. In addition to excellent physical characteristics, synthetic papers can deter ta