Release Liners Industry -Industry Analysis and Forecast (2019-2027) – by Material, Product, End-Use Industry, and Region.
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.
Market segmentation:
By substrate, the
global Release
Liner Industry 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 industry 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.
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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.
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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a Sample Copy of This Report @ https://www.marketresearchfuture.com/sample_request/6241
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