Release Liners Market Trends, Share, Size, Global Growth Analysis, 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 trends 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 Trends 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 trends 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 trends 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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