Changing
lifestyle, coupled with rising disposable income, has led to increasing
demand for release liners. 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 Research Future (MRFR)’s analysis has found out that the global Release Liner Market Size is anticipated to expand at a CAGR of 4.90% during the projection period 2018 to 2023.
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.
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.
Access Report Details @ https://www.marketresearchfuture.com/reports/release-liner-market-6241
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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