The plastic liners market is expected to grow in the coming years, driven by increasing demand for industrial solutions and sustainable packaging options. The rising use of plastic liners in industrial packaging to limit material loss and damage is also fueling growth. Plastic liners are used in various industries, such as food and beverage, pharmaceuticals, and industrial chemicals, to protect products from dust, chemicals, moisture, and spillage.
NEWARK, Del., Oct. 17, 2023 /PRNewswire/ -- The plastic liner market valuation is US$ 4.8 billion in 2023. The market is projected to progress at a CAGR of 4.1% from 2023 to 2023. At the end of the forecast period by 2033, the value of the market is expected to reach US$ 7.1 billion.
To get an overview of the comprehensive research report, get the sample PDF summary from here!
Plastic Liners Market to Grow, Driven by Industrial and Food and beverage Sectors
The growing industrial sector drives the demand for packaging material. Plastic liners are the preferred choice for many players in the industrial sector. Plastic liners are used as packaging material in many industries, including food & beverages, pharmaceuticals, and industrial chemicals.
The food & beverage industry is particularly lucrative for plastic liners. Plastic liners are preferred because of the protective packaging solutions provided. Plastic liners protect food products from dust, chemicals, and moisture. Plastic liners also offer protection against spillage of material and reduce wastage.
Plastic liners are used in both commercial and residential spaces. The varying plastic liner sizes ensure the product can be used for bulk and small packaging. Trends like scented plastic liners make sure the market remains versatile.
"Environmental concerns related to plastic are set to act as a stumbling block for the market as people become increasingly aware of the need for sustainability. Market players are thus shifting their focus to recyclable and biodegradable plastic production," says Ismail Sutaria (Lead Consultant, Packaging and Materials).
Key Takeaways from the Plastic Liner Market
- The plastic liner market is valued at US$ 4.8 billion in 2023.
- Polyethylene is the material most commonly found in plastic liners. In 2023, polyethylene is expected to account for 41.3% of the market share by material.
- The food & beverages industry is the leader in the end-use sector segment. In 2023, the food & beverage segment holds a share of 39.2% of the market.
- India is expected to show fast growth in sales of plastic liners. The CAGR of the Indian market is expected to be 6.4% from 2023 to 2033.
- China also has huge market potential due to its large-scale exports. In China, the market is projected to grow at a CAGR of 5.7% over the forecast period.
- The Thailand market for plastic liners is anticipated to grow at a CAGR of 5.1% through 2033.
Competitive Landscape of the Plastic Liner Market
Large-scale industry players co-exist with smaller-scale entities whose focus is local. Manufacturing products that meet regulation standards is a fast-developing need in the market. Some prominent companies in the market include Berry Global Group, RRR Supply, Inc., A-Pac Manufacturing Co., Inc., and Plascon Group International Plastics Inc.
Unlock insights on competition benchmarking - Buy the plastic liner market report today!
Recent Developments
- In October 2023, a new manufacturing line for containers was opened in Germany by the CDF Corporation. The company collaborated with the local company Natsan to undertake the venture.
- In August 2022, a packaging plant in the Czech Republic was taken over by Amcor PLC. The company aims to increase its influence in the region.
- Also, in August 2022, United Kingdom company FFP Packaging Solutions was taken over by Constantia Flexibles. Constantia Flexibles thus increased its foothold in the market.
About the Packaging at Future Market Insights
The packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.
About the Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail's strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor's Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show - Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
Explore FMI's Extensive Coverage in Packaging Domain:
- The global plastic pail market valuation is US$ 569,627 million in 2023 and is expected to reach US$ 859,308 million by 2033. The global market is likely to capture a CAGR of 4.2% during the forecast period.
- The global plastic vials market is projected to expand at a 4.9% CAGR between 2022 and 2032, with sales expected to rise from US$ 1.2 billion in 2022 to US$ 1.9 billion by 2032.
- The twin pouch packaging market is expected to achieve a 5% CAGR through 2032, with a projected valuation of US$ 3.16 billion by 2032, compared to its 2022 valuation of US$ 5.15 billion.
- In 2018, the global market for temperature controlled packaging solutions in the pharmaceutical sector was valued at nearly US$ 3.5 billion. This market is anticipated to experience a 7.8% CAGR during the forecast period from 2018 to 2028.
- The thin wall plastic containers market was valued at US$ 32.2 billion in 2021. Sales of thin wall plastic containers are projected to increase at a 5.6% compound annual growth rate (CAGR) between 2021 and 2031.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact Us
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
Logo: https://mma.prnewswire.com/media/1197648/3531122/FMI_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/industrial-need-for-affordable-packaging-drives-plastic-liners-market-to-us-7-1-billion-by-2033--future-market-insights-inc-301958833.html
Voltar noticias em Inglês