The global release liner market is expected to grow at a CAGR of 4.14% to reach a market value of US$14.674 billion by 2024 from US$11.501 billion in 2018. Release liners refer to the protective plastic or film sheets used to as carriers of a sticky substrate to prevent it from prematurely sticking to surfaces. The demand for release liners is expected to increase on account of the booming packaging industry. The emerging inclinations of consumers to purchase modern as well as superior packaging is projected to further aid the growth of the market in the coming years. The rising number of investment activities for the research and development of packaging is poised to enhance the demand for release liners. The advent of digital labeling printing technology is expected to augment the demand for release liners during the forecast period. Moreover, the surging demand for release liners in the medical industry is anticipated to drive the demand for the market. The growing use of release liners in premium hygiene products is projected to improve the growth rate of the market. The rising demand for using superior labeling in various End-Use industries is anticipated to further assist the growth rate of the market. Geographically, the North America region is estimated to hold a substantial share of the market owing to the multiplied number of food and pharmaceutical businesses in the region. In the Asia-Pacific region is presumed to have a high market growth rate on account of the increasing demand for food and pharmaceutical industry in the region.
DRIVERS
Growing demand for digital label printing technology
The emergence of Improved Labelling in Various End-Use Industries
RESTRAINTS
Use of shrink sleeve labels over pressure-sensitive labels
The major players profiled in the Release liner market include 3M Company, Mondi Group, Sappi Limited, Ahlstrom-Munksjo, Lintec Corporation, Polyplex Corporation Ltd., Eastman Chemical Company, Gascogne, UPM, Loparex, Avery Dennison Corporation, Rayven Inc., Elkem Silicones, LAUFENBERG GMBH, Gleicher Manufacturing Corporation, and Polyonics, Inc among others.
Segmentation
The release liner market has been analyzed through the following segments:
By Material
Silicone
Non-Silicone
By Application
Labels
Pressure Sensitive Tapes
Hygiene
Industrial
Medical
Graphic Arts
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
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