In 2023, the plastic liner market boasts a valuation of US$ 4.8 billion, reflecting a notable increase from its 2022 value of US$ 4.6 billion. Projections indicate a steady upward trajectory, with plastic liner sales anticipated to experience a Compound Annual Growth Rate (CAGR) of 4.1% between 2023 and 2033. By 2033, industry experts estimate the market to attain a substantial value of US$ 7.1 billion. This positive growth outlook underscores the persistent demand and evolving landscape within the plastic liner sector, signaling sustained expansion and opportunities for stakeholders in the coming decade.
While the adoption of plastic liners for residential purposes is on the rise, the market faces obstacles, primarily driven by environmental apprehensions associated with plastic usage. Concerns regarding the ecological impact of plastics act as a deterrent to the plastic liner market’s growth. Recognizing the increasing emphasis on sustainability from consumers, packaging firms are pivoting towards alternative materials, thereby curbing the demand for plastic liners. The market is poised to attain a value of US$ 7.1 billion by 2033, marking a trajectory shaped by both evolving consumer preferences and a growing awareness of environmental considerations within the industry.
Anticipated as the swiftest expanding region for the plastic liner market, Asia Pacific benefits from a robust supply chain of raw materials and a rapidly advancing industrial sector, propelling its market growth. Notably, China, Thailand, and India are earmarked as nations where the market is poised for substantial expansion. Despite being a lucrative region for market growth, Europe faces constraints due to stringent regulations governing plastic usage, posing challenges to the plastic liner industry’s development within the region. The dynamic interplay between regulatory frameworks and regional market dynamics underscores the multifaceted nature of the industry’s growth landscape.
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Plastic Liners Market Landscape
- Berry Global Group,
- ILC Dover LP,
- Plascon Group,
- American Plastics Company, and
- Polymer-Synthese-Werk GmbH
are the key players operating in the plastic liners market. Also, the other noticeable players in the global plastic liners market are RRR Supply, Inc., A-Pac Manufacturing Co., Inc., International Plastics Inc., Champion Plastics, Chiltern Plastics, and others. The key players in tier 1 hold around 20-25% of the global plastic liners market.
Competitive Landscape
Key players operating in the plastic liners market are trying to focus on catering for the increasing demand for the protective bulk packaging solution by expanding their production capacity. Also, the key players are trying to adopt the merger & acquisition strategy to expand their resources to meet the growing demand for plastic liners.
- In May 2022, ILC Dover LP Company announced the expansion of its production capacity by adding a new manufacturing facility in Europe.
Key Takeaways from Plastic Liners Market
- Based on material, the polypropylene (PP) segment is estimated to hold around 40% of the market value share by the end of 2032.
- In terms of end use, the food & beverages segment is anticipated to create a growth opportunity of US$ 917.8 Million during 2022-32.
- With the rise in the shipment of bulk products, the demand for the upto 5 Kg plastic liners is expected to propel during the forecast period.
- Sales of plastic liners in North America will surge with the increasing trade of various commodities along with the presence of leading industry manufacturers.
- Europe is expected to emerge as the most remunerative plastic liners market on the back of expansion of food & beverage and chemical industries
Food & Beverage Industry is Leading the Market by End-use Segment
Experiencing a surge in demand, plastic liners have become integral in the food & beverage sector, contributing a substantial 39.2% to the market share by end-use segment in 2023.
The burgeoning growth of the food & beverage sector, fueled by an uptick in commodity sales, is steering the industry towards the widespread adoption of plastic liners. This shift is driven by the imperative need for effective packaging solutions, with plastic liners emerging as a key choice to safeguard food products against external factors, preserving their freshness and quality throughout the storage-to-consumption journey. As the reliance on plastic liners continues to escalate, the food & beverage industry stands poised to maintain and enhance the integrity of its products.
The Future of Plastic Liners Market
The Plastic Liners Market is poised for significant growth in the coming years. As industries become more conscious of sustainable packaging and waste management, the demand for eco-friendly and innovative plastic liners will rise.
Manufacturers will focus on developing liners with advanced barrier properties, enhancing their resistance to chemicals, temperature variations, and physical damage. Smart plastic liners will see increased adoption, revolutionizing logistics and supply chain management.
The push for biodegradable and compostable plastic liners will lead to greener packaging solutions, addressing the global plastic pollution challenge. Additionally, collaborations between material scientists and packaging manufacturers will drive the industry’s growth by creating cutting-edge, sustainable products.
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Plastic Liners Market by Category
By Material:
- Polyethylene (PE),
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Others (PLA, etc.)
By Capacity:
- Upto 5 kg,
- 6 – 15 Kg
- 15 – 25 Kg
- Above 25 Kg
By End Use:
- Food and Beverages
- Fertilizers & Agri Products,
- Pharmaceutical
- Industrial Chemicals
- Others
By Region:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
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