Global Release Liners Research Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 – 2027
Market Synopsis:
Changing lifestyle, coupled with rising disposable
income, has led to increasing demand for release liners. Market Research Future
(MRFR)’s analysis has found out that the global release liner market is
anticipated to expand at a CAGR of 4.90% during the projection
period 2018
to 2023. The market’s valuation, according to the report, is
poised to reach USD 98,663.8 Mn mark by 2023. The rapid developments
in packaging technologies are the primary factor anticipated to boost the revenue
generation in the nearby future.
Industry leaders are leveraging innovative and
attractive packaging for gaining an edge over competitors. It has emerged as a
key area of focus for the marketers. This, in turn, is likely to have a
positive impact on the growth of the release liner market in the years to come.
The pharmaceutical and food & beverage industries are anticipated to
dictate the future trajectory of the market through the assessment period.
However, on the flip side, the high cost of these release liners can pose a
challenge to the market participants.
Competitive
Dashboard:
The players participating in the share analysis of the
global release liner market and profiled in this MRFR report are 3M (U.S.),
Polyplex (U.S.), Alhstorm-Munksjo (Sweden), UPM Raflatac (Finland), Gascogne
Flexible Company (Norway), Avery Dennison Corporation (U.S.), Mondi (U.S.),
Eastman Chemical Company (U.S.), Sappi Limited (South Africa), LINTEC
CORPORATION (Japan), and Rayven Inc. (U.S.).
Regional Analysis:
By region, the global release liner market has been
segmented into five regions - North America, Europe, Asia Pacific, Latin
America, and the Middle East & Africa (MEA). Asia Pacific held a major
share of the global market accounting for 37.5% share.
The regional market is likely to reach a valuation of USD 40,903.4
Mn by the end of the projection period reflecting a CAGR of 6.39%. The
region is anticipated to witness an increase in the number of manufacturing
plants which is likely to facilitate the expansion of the release liners market
in the region over the next few years.
North America is expected to scale a CAGR of 3.79% across
the review period. Meanwhile, Europe is also projected to exhibit growth
potential over the next couple of years.
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Market segmentation:
By substrate, the global release liner market has been
bifurcated into paper-based and film-based. The film-based segment is currently
dominating the market and is anticipated to retain its forefront position
through the review period exhibiting a relatively higher CAGR.
Based on labeling technology, the release liner market
has been segmented into glue applied, shrink sleeve, pressure sensitive,
stretch sleeve, in-mold, and others. Among these, the glue applied segment is
projected to dictate the growth trajectory closely trailed by the pressure
sensitive segment in the forthcoming years.
By printing process, the global release liner market
has been segmented into digital printing, flexography, offset, gravure, and
screen. The flexography segment held the lion’s share of the market in 2017.
However, the digital printing segment is anticipated to gain traction and
expand at the highest CAGR across the projection period.
On the basis of application, the release liner market
has been segmented into food & beverage, cosmetics & personal care,
medical & pharmaceutical, electronics, automotive, and construction. Among
these, the food & beverage segment is likely to retain the most substantial
share of the market owing to high disposable income.
Industry News:
In May 2019, ITASA, a manufacturer of high-quality release
liners, has initiated production at its latest plant in Querétaro, Mexico. The
plant is expected to serve the entire continent.
In July 2018, Verso Corporation's Androscoggin Mill has introduced
technological upgrades for increasing its release liner paper production capacity.
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