PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550607
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550607
The release liners market is estimated to be valued at USD 27.38 Bn in 2024 and is expected to reach USD 42.08 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 27.38 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 6.30% | 2031 Value Projection: | US$ 42.08 Bn |
The release liners market has witnessed significant growth in the last few decades owing to increased application in various end-use industries such as pressure sensitive labels, tapes, medical, graphics, and industrial. Release liners refer to backing materials coated with release agents that facilitate the clean removal of adhesives. Some of the commonly used raw materials for the production of release liners include clay-coated paper, plastic films such as polyethylene and polyolefin. The growth of the packaging industry coupled with the rising demand for pressure sensitive labels from the food and beverages and personal care sectors has been driving the demand for release liners. Furthermore, advancements in printing technologies have bolstered the application of release liners in the graphics and industrial segments. The global release liners market is expected to exhibit lucrative growth over the forecast period.
The global release liners market is driven by factors such as growing packaging industry, increasing demand for pressure sensitive labels from the food and beverages sector, and advancements in printing technologies. However, volatility in raw material prices is expected to restrain the market growth. The market players are focused on developing sustainable and biodegradable release liner products which can offer new opportunities in the coming years. For instance, Polar Tech Industries has developed a biodegradable release liner made from renewable resources for pressure sensitive adhesive labels. The company claims that this new product offers comparable performance to conventional PET and paper-based release liners while being environment-friendly.
Detailed Segmentation-