Plastic Liner Market: Charting a Solid Course with 4.1% CAGR Growth, Envisioning a Robust Future by 2033

In 2023, the plastic liner market boasts a valuation of US$4.8 billion, reflecting a notable increase from the US$4.6 billion recorded in 2022. Projections for the market indicate a steady sales growth with a Compound Annual Growth Rate (CAGR) of 4.1% anticipated from 2023 to 2033. This trajectory is set to propel the market to an estimated US$7.1 billion by 2033. The persistent demand for effective containment solutions across various industries contributes to the market’s upward trend. As environmental considerations and industrial needs align, the plastic liner market is positioned for sustained expansion over the next 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.

Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15177

Market Drivers:

1. Growing Demand in Packaging Industry: Plastic liners are widely used in the packaging industry for various products, including food, chemicals, pharmaceuticals, and more. The increasing demand for packaged goods globally can drive the growth of the plastic liner market.
2. Rising Awareness of Environmental Sustainability: With increasing awareness about environmental concerns and the need for sustainable practices, there is a growing demand for eco-friendly and recyclable materials. Some plastic liners are designed to be more environmentally friendly, which can contribute to market growth.
3. Advancements in Material Technology: Ongoing developments in material technology have led to the introduction of advanced and high-performance plastic liners. Improved durability, flexibility, and barrier properties can enhance the market appeal of these products.
4. Expansion of End-use Industries: Industries such as agriculture, chemicals, and construction, where plastic liners are commonly used, may experience growth. Economic development and increased construction activities can positively impact the demand for plastic liners.
5. Stringent Regulations: Government regulations promoting the use of liners for waste management and containment purposes can boost the market. Compliance with environmental standards may lead to increased adoption of plastic liners.

Market Restraints:

1. Environmental Concerns and Plastic Waste: The plastic industry, including plastic liners, faces challenges due to environmental concerns associated with plastic waste. Governments and consumers are increasingly pressuring industries to adopt sustainable practices, which could hinder the growth of traditional plastic liners.
2. Substitute Materials: The availability and adoption of alternative materials, such as biodegradable plastics or non-plastic alternatives, may pose a threat to the traditional plastic liner market. Companies may face competition from more environmentally friendly options.
3. Fluctuating Raw Material Prices: The plastic industry is influenced by the prices of raw materials, such as petroleum-based products. Volatility in raw material prices can impact the production costs of plastic liners and affect market stability.
4. Regulatory Restrictions on Plastic Use: Some regions and countries are implementing bans or restrictions on the use of certain single-use plastics. Regulatory changes aimed at reducing plastic consumption can negatively impact the demand for plastic liners in specific applications.
5. Perception and Consumer Preferences: Consumer perception of plastic products, especially single-use plastics, can influence market demand. Increasing awareness about the environmental impact of plastics may lead to a shift in consumer preferences towards alternative materials.

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

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.

Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/15177

Key Segmentations-

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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