ESOMAR-certified consulting firm Future Market Insights estimates the global silicone release liners market to grow at 8.1% CAGR during the period 2021-31. The market has been forecast to offer an incremental opportunity of US$ 1.5 Bn in the span of next 10 years.
Advantages such as faster manufacturing process, economical final product, and eco-friendly features are bolstering paper silicone release liners demand. Furthermore, increased application of silicone release liners in food and beverage industry is expected to accelerate sales in the market.
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Increasing applications of silicone release liners in the packaging industry such as tapes, graphic films and labels are spurring sales. Superior benefits provided by silicone release liners such as improved quality, durability and tensile strength will continue improving their demand across diverse industries.
As per FMI, film liners are used extensively in release liners market. However, paper based silicone release liners are acquiring immense popularity among manufacturers due to their better structural properties and sustainability compared to the film liners.
Manufacturers in the food & beverage industry are adopting aggressive branding and marketing of food products to gain competitive edge. To improve the appeal of their products, they are improving quality of packaging, which is propelling the adoption of silicone release liners.
Aggressive branding and marketing in the food and beverages industry is anticipated to drive the market for silicone release liners in the coming years.
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Key Takeaways from Silicone Release Liners Market
- By liner type, paper liners segment is expected to expand at an impressive pace of 9.7%CAGR during 2021-2031.
- By application, labels segment is expected to hold 39.8% of value share in 2031 on the back of heightened demand for pressure sensitive labels.
- Sales of silicone release liners in the food industry are projected to expand at a CAGR of 7.5% during the span of the next 10 years.
- By region, North America and Europe is estimated to hold over half of the total silicone release liners market owing to their well-established packaging liners industry.
- South Asia and East Asia market are emerging as the most lucrative pockets, exhibiting growth at a CAGR of 12.5% and 11.4%, respectively.
“Rapid expansion of healthcare and food & beverages sectors across the globe is anticipated to create growth opportunity for the silicone release liners market. With increasing need for safe packaging, key players are focusing on new product launches to expand their portfolio and gain competitive edge in the market” says FMI analyst.
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Growing Awareness Regarding Hygiene Products Fueling Demand for Silicone Release Liners
Growing awareness among consumers in developing nations such as India and Brazil regarding the hygienic packaging for products in infant and sanitary care sectors is resulting in high demand for silicone release liners.
Initiatives undertaken by NGOs and government bodies for promoting these products to the rural as well as economically weaker section of people living in urban areas are resulting in the g demand for hygiene products.
Rising demand is attracting many new players to enter the market. Meanwhile established companies are focusing on expanding their footprint worldwide.