The global box liners market is set to experience substantial growth, with a projected market value of USD 400.40 million by the end of 2023. This growth can be attributed to the ongoing advancements in seaborne transportation and the expanding global transportation industry, which have led to a surge in the demand for bulk packaging solutions, particularly box liners.
As international trade continues to flourish, the need for safe and efficient transportation of goods has become more critical than ever. Box liners, widely used for their ability to provide reliable and secure protection for bulk goods, are gaining popularity across industries. The market is expected to thrive at a compound annual growth rate (CAGR) of 5.9%, reaching an estimated USD 710.15 million by 2033.
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The boom in global trade, particularly in bulk commodity transactions, has fueled the demand for protective packaging solutions. Box liners, known for their cost-effective and lightweight properties, provide a durable and safe solution for transporting a wide range of products. This includes chemicals, fine products, and other sensitive goods, thanks to their ability to prevent leaks and maintain product integrity during transportation.
The expansion of the chemical industry and the growing need for bulk transportation of various products have further driven the box liners market. As more companies in logistics and transportation recognize the value of box liners in reducing the risk of damage and improving the efficiency of bulk product handling, their adoption is expected to continue growing rapidly.
Key Takeaways from Box Liners Market:
- The market expanded at a CAGR of 5.1% from 2018 to 2022.
- In 2022, the global market size stood at USD 378 million.
- High-density Polyethylene (HDPE) is anticipated to acquire a market share of more than 31% in 2023.
- Poly-entrapment Prevention Liners (Pep Liners) are expected to thrive at a 5.3% CAGR from 2023 to 2033.
- North America is expected to possess a 17% market share in 2023.
- Europe is expected to hold 13% of the market share for the box liners market in 2023.
- Asia Pacific is expected to procure a 10% market share for the box liners market in 2023.
Competitive Landscape
Champion Plastics, Thrace Group, Danapoly Inc., Shagoon Packaging, Synthetic Packers Pvt Ltd, Galaxy Packsol Pvt Ltd, Neo Corp International Limited, and Duropac are some prominent box liners manufacturers.
Recent Developments in the Box Liners Market
- In August 2022, Three Sixty Solar Ltd. (Three Sixty), a solar energy firm situated in British Columbia, will go public on the NEO Exchange. NEO: VSOL is the new symbol for Three Sixty. Three Sixty develops, constructs, and installs patent-pending vertical solar tower structures with lower footprints than conventional methods, to create a world powered by renewable energy. Three Sixty Solar Towers are intended to provide energy-efficient solutions for small commercial projects up to huge utility-scale solar farms.
- In September 2021, Kite Packaging unveiled a cutting-edge corrugated box liner that is a more environmentally friendly substitute for polystyrene. This thermal lining is inexpensive, 100% recyclable, and has the same ability to regulate temperature as polystyrene.
Box Liners Market Segmentation
By Material Type:
- HDPE
- LDPE
- LLDPE
- Others
By Product Type:
- PEP
- PEP
- PEP Jumbo Dolav
- Side Gusseted
By Thickness:
- Up to 3 Mil
- From 4 to 6 Mil
- From 6 to 8 Mil
By Region:
- North America
- Latin America
- Europe
- East Asia
- South East Asia & Oceania
- Middle East & Africa (MEA)
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