Release Liners Market Industry Analysis, Key Players and Forecast to 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.
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.
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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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