PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555803
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555803
Release Liners Market size was evaluated at USD 93,154.2 million in 2023, rising at a CAGR of 7.90% between 2024 and 2032.
Release Liners are plastic or paper-based film sheets intended to keep sticky surfaces from attaching prematurely. They are normally coated on both sides, and their function is to transport the adhesive, such as a Polyvinyl Alcohol substrate until it is ready to be released. PET (polyethylene terephthalate) release liners are created by coating PET film with silicone release agents in a clean room coater. LDPE (low-density polyethylene) is the oldest and most mature polyethylene (PE). It is distinguished by its short and long-chain branching, which enhances its clarity and processing capabilities. Release liners are available in a variety of colors, with or without printing beneath the low surface energy layer. Rising demand for industrial labels is projected to drive the release liners market. Labels account for a significant portion of the total packaging business.
Release Liners Market- Market Dynamics
Growth in the Packaging Industry
Packaging tapes are primarily self-wound pressure-sensitive tapes made from a range of materials for carton sealing, strapping, and packaging purposes. According to Afera, packaging tapes are the largest tape category, accounting for 67% of total volume. This adds up to 30.2 bsm of tapes created worldwide. Many of the companies that indicated they make packaging tapes also make specialized tapes, and the combination is helping to drive industry growth. The packaging industry is critical in bringing value to different production industries, such as agriculture, pharmaceuticals, retail, and FMCG, to mention a few. Basically, the market has been rising due to strong demand from the food and pharmaceutical industries. Packaging tapes are rarely the manufacturer's sole product. In practical terms, this affects the manufacturer's approach. Many of the producers stated that they produce both packaging tapes and specialized tapes and that the combination is helping to fuel industry growth.
Release Liners Market- Key Insights
According to our research analyst, the global market is expected to increase at a CAGR of approximately 7.90% between 2024-2032.
Based on Labeling Technology segmentation, The pressure-sensitive category had the highest income.
Based on Printing Process segmentation, In 2023, the flexography segment produced the greatest revenue
According to region, Asia Pacific had the most revenue in 2023.
The global release liner market is divided into four groups: substrate, labeling technology, printing process, and geography.
The market is segmented into five divisions based on the labeling technology: Stretch Sleeve, Pressure Sensitive, Shrink Sleeve, Glue Applied, and In-mold. The pressure-sensitive category had the highest income. Pressure-sensitive labels resemble stickers in many ways. Pressure is required to make the glue adhere to the product. These labels are self-adhesive so that they may be applied to objects without the use of heat, solvents, or water.
The market is classified into five segments depending on the printing process: Gravure, Flexography, Screen, Offset, and Digital Printing. The flexography segment produced the greatest revenue. Pressure-sensitive labels resemble stickers in many ways. Flexographic printing is a method of printing in which ink is applied to a variety of substrates using a flexible plate. Because of its flexibility, the plate may be used to print on curved objects such as beverage bottles and corrugated cardboard boxes. It is also used to manufacture packaging and labeling supplies. Flexographic printing uses a release liner to print high-quality images on porous materials such as paper or T-shirts.
Release Liners Market- Geographical Insights
This market is geographically diversified across Europe, the Middle East, North America, Asia Pacific, and Africa, Latin America. The regions are further divided by the nations that bring commerce. Asia Pacific dominated the release liner market in 2023 and is predicted to develop at a rapid pace over the forecast period. The region's growing emphasis on infrastructure development and technological innovation has resulted in increased demand for release liners for a wide range of applications, including self-adhesive products and high-performance films.
The North America Release Liners Market is estimated to expand at the quickest CAGR between 2023 and 2032. This is owing to the existence of a significant and well-established manufacturing base in the region. Furthermore, Canada's Release Liners market had the highest market share, while the US Release Liners market was the fastest expanding in the Asia-Pacific region.
The competitive landscape of the Release Liners Market is extremely competitive, with the existence of several prominent companies. The foremost players in the release liners market include Loparex, 3M, Mondi Plc, Gasconge Laminates SA, and DOW. Most of them focus on product innovation, further developing and increasing the product portfolio to meet various customers' demands. Strategic collaboration and acquisition are also trending as the companies seek to enhance their market position. The competition is growing with the increase in demand for pressure-sensitive adhesives from the packaging and labeling industries. Additionally, the trend for the sustainability of materials is forcing manufacturers towards the making of eco-friendly release liners, which further heats the competitive dynamics in the market.
In February 2024, Mondi established a relationship with Soprema, Veyzle, and WEPA to release liner production waste at production sites in the Netherlands and Germany. This is projected to improve the circularity of material flow in the release liner production facility. Furthermore, it will be possible to use 95% of trash as a secondary raw material in other sectors.