In 2023, the plastic liner market is valued at US$ 4.8 billion, reflecting a steady increase from its 2022 value of US$ 4.6 billion. Projections indicate continued growth, with sales expected to climb at a Compound Annual Growth Rate (CAGR) of 4.1% between 2023 and 2033. By 2033, the market is anticipated to reach a valuation of US$ 7.1 billion. This upward trajectory underscores the persistent demand for plastic liners across various industries, driven by factors such as increasing industrialization, infrastructure development, and the need for efficient packaging and containment solutions.
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.
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Business Growth Drivers:
- Increasing Demand for Packaging Solutions: With the rise in e-commerce and online retailing, there’s a growing need for efficient and protective packaging materials, where plastic liners play a crucial role in safeguarding products during transit.
- Advancements in Plastic Technologies: Continuous innovations in plastic materials, such as improved barrier properties, recyclability, and biodegradability, contribute to the growth of the plastic liner market. New formulations that enhance performance and reduce environmental impact attract consumers and industries alike.
- Growing Construction Activities: Plastic liners are extensively used in construction applications, such as geomembranes for waterproofing, liners for ponds and reservoirs, and landfill liners. The surge in infrastructure development projects globally boosts the demand for these liners.
- Expansion of Agriculture Sector: Plastic liners find wide applications in agriculture, including greenhouse films, mulching films, and silage bags. The expansion of agricultural activities, driven by increasing food demand and adoption of modern farming techniques, propels the growth of the plastic liner market.
- Stringent Regulations and Standards: Regulatory measures promoting the use of plastic liners for waste management and environmental protection drive market growth. Mandates focusing on waste containment and pollution prevention encourage industries to adopt plastic liners in various applications.
Industry Restraints:
- Environmental Concerns and Plastic Pollution: The plastic liner market faces significant challenges due to environmental concerns regarding plastic waste and pollution. Increasing awareness about plastic’s adverse effects on ecosystems and marine life leads to calls for alternatives or more sustainable practices.
- Volatility in Raw Material Prices: Fluctuations in crude oil prices, a primary raw material for plastic production, impact the manufacturing costs of plastic liners. This volatility can affect profit margins and hinder market growth, especially for manufacturers operating on thin margins.
- Shift Towards Sustainable Alternatives: The growing preference for eco-friendly and biodegradable alternatives to conventional plastics poses a threat to the plastic liner market. As consumers and businesses increasingly prioritize sustainability, there’s a trend towards exploring and adopting alternative materials that reduce environmental impact.
- Regulatory Restrictions on Plastic Usage: Governments and regulatory bodies worldwide are implementing measures to curb single-use plastics and promote the use of recyclable or biodegradable materials. These regulations, aimed at reducing plastic consumption and pollution, could limit the market growth for plastic liners in certain applications.
- Public Perception and Consumer Preferences: Negative perceptions of plastic materials, coupled with evolving consumer preferences for sustainable and environmentally friendly products, pose challenges for the plastic liner market. Companies must adapt to changing consumer attitudes and preferences to remain competitive in the market.
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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