The plastic liner market is estimated to grow at a CAGR of 3.99% during the forecast period.
The bulk goods are shielded from outside influences by the use of plastic liners. This aids in preventing product contamination. The primary benefit of employing plastic liners is their cost-effectiveness, which results from the requirement for less labour or effort to clean the bulk container, which lowers the cost of cleaning or packing garbage. The plastic liners are simple to install and remove. Plastic liners help decrease packaging waste, which results in sustainable footprints. Furthermore, the plastic liners offer resistance to dampness, ensuring that the product's quality stays the same. The plastic liners are made with a leak-proof seal that also guards against contamination of the content. The need for plastic liners, which are inexpensive and simple to use, is also being driven by an increase in the trading of bulk goods. Furthermore, expanding markets for food, beverage, and chemical products are anticipated to increase demand for plastic liners globally. Overall, the demand for plastic liners will increase at a favourable pace throughout the assessment period due to the rise in the need for protective and affordable packaging solutions among sectors.
Introduction:
Industrial packaging for bulk commodities frequently uses plastic liners to provide secure packing. Protective packaging guarantees that material loss or damage from spills or trash is kept to a minimum. As a result, plastic liners are a sought-after product in the packaging sector. In the food and beverage business, the usage of plastic liners is expanding. Plastic liners' protective packaging gives the food and beverage industry's suppliers a guarantee of product safety. Material is protected against deterioration by plastic liners such as that caused by moisture, chemicals, and dust. Additionally, plastic liners are increasingly being used in the residential sector. Plastic liners are being used by consumers for trash management, storage, and other domestic tasks which is one of the primary reasons boosting the market expansion.
Drivers:
Products offered by key companies:
The significant growth is witnessed in the food and beverages sector under the application segment
The food and beverages sector under the application segment emerged as the major market lead and is expected to capture a major market share over the forecast period. The food and beverage industry is poised to grow at a significant pace. As the sale of food products increases, packaging becomes more important. Plastic liners are becoming more popular in the food and beverage sector as packaging solutions. Food is packaged with protective plastic liners to prevent deterioration or spoilage from environmental influences. As a result, there is an increasing requirement for plastic liners to ensure that food products remain of high quality during storage and consumption.
The Asia Pacific region is expected to hold a significant share of the plastic liner market:
The plastic liner market is anticipated to develop most quickly in Asia Pacific. The availability of raw resources and the industrial sector's rapid development are two aspects that contribute to the expansion of the market in Asia Pacific. There are some nations where it is anticipated that the industry will expand quickly, including China, Thailand, and India. The plastic liner business has one of the brightest futures in India. The Indian market is anticipated to expand at a promising CAGR over the projected period. In India, initiatives have been done to encourage the expansion of the industrial sector. Both the public and commercial sectors are eager to increase the nation's manufacturing capacity. The industrial sector's expansion benefits the packaging industry, which in turn benefits the plastic liners industry. Another Asian nation with promise in the plastic liner industry is Thailand. During the forecast, a strong CAGR is expected to be achieved by the Thailand market. Thailand's businesses are conscious of consumer preferences in favour of sustainability. Businesses are working to provide consumers with environmentally friendly products.
Key developments:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Growth Rate | CAGR of 3.99% from 2022 to 2029 |
| Base Year | 2022 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered |
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| Companies Covered | |
| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Customization Scope | Free report customization with purchase |
Segments