The global container liners market is expected to reach US$ 891 million by the end of 2023, according to a recent report by FMI. The market is poised for further expansion, with a projected CAGR of 4.6% between 2023 and 2033.
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Key Findings of the Report:
- Market Growth: Rising international trade activities and the increasing volume of food and chemical trade are driving the demand for container liners.
- Cost-Effectiveness: Container liners offer a cost-effective solution for bulk cargo transportation. They eliminate cleaning costs associated with container reuse and ensure faster turnaround times for shipping lines.
- Protection: Container liners act as a protective barrier between goods and the container surface, safeguarding products from external moisture, contamination, and damage during transport.
- Sustainability: The reusability of container liners and the adoption of recyclable materials make them an attractive option for eco-conscious manufacturers and shippers.
- Regional Growth: The Asia Pacific region is expected to witness the fastest growth in the container liners market, fueled by booming manufacturing industries and growing international trade.
The United States: A Lucrative Market
The United States represents a significant market for container liners, holding a 17.1% share in 2022. This growth is driven by factors such as:
- Stringent Food Safety Regulations: FDA regulations mandate proper storage and transportation of food products. Container liners ensure compliance with these regulations, boosting their demand.
- Thriving Pharmaceutical Industry: The United States is a leading exporter of pharmaceuticals – a sector that heavily relies on container liners for safe bulk cargo transportation.
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Growth Potential in the United Kingdom and Germany
- The United Kingdom: The U.K. container liner market is anticipated to register a 4% CAGR. The construction sector’s projected exponential growth and the presence of leading players bode well for future market expansion.
- Germany: As a major producer in the pharmaceutical sector, Germany is expected to hold a significant share in the European container liner market by 2033. The demand for innovative packaging solutions for transporting sensitive pharmaceutical materials is propelling market growth.
Innovation: Key to Success
The report highlights the importance of innovation in the container liner market. Manufacturers that develop solutions that address specific industry needs, enhance product performance, and promote sustainability will be well-positioned for future success.
DEMAND FOR LIGHTWEIGHT PROTECTIVE PACKAGING SOLUTION FOR BULK CARGO
A new packaging trend of lightweight packaging materials and products is witnessed in the industrial packaging and shipping industry. All requirements of these latest trends are met by container liners used for packaging and transport of dry, liquid and granule form of bulk cargo.
The easy handling of bulk packaging solutions such as container liner, which are easy to store and flexible since it can be folded and can be packed in small sized packs will aid its application. The easy to carry packaging and less space consuming attributes of container liner make them easy to be shipped from manufacturers to end users in a cost effective way.
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Key Segments
By Material Type:
- PP (Polypropylene)
- PVC (Polyvinyl Chloride)
- PE (Polyethylene)
- Metallized Film
- Others (PS, etc.)
By Capacity Type:
- 20 Foot
- 30 Foot
- 40 Foot
By Product Type:
- End Fill
- Open Top
- Top Fill
- Wide Access
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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