The global carton liners market is anticipated to reach a valuation of US$ 32.9 billion in 2023, driven by eco-friendly packaging. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.2% between 2023 and 2033, and reaching a total valuation of approximately US$ 54.6 billion by 2033.
The food and beverage industry is subject to strict regulations and standards to ensure food safety and hygiene. Carton liners play a vital role in maintaining the integrity and quality of food products by protecting them from contamination and external elements. The adoption of carton liners with appropriate barrier properties is expected to rise, as food manufacturers prioritize compliance with food safety regulations.
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The pharmaceutical and healthcare industries require specialized packaging solutions to preserve the efficacy and sterility of medical products. Carton liners provide a reliable solution for packaging pharmaceuticals, medical devices, and laboratory equipment, ensuring their safety and integrity during storage and transportation. The demand for carton liners is expected to increase, as these industries continue to grow.
The growing concern about environmental sustainability has led to a significant shift in consumer preferences and purchasing behavior. Consumers are increasingly seeking products that align with their eco-conscious values, and this has extended to the packaging industry. Businesses, as a result, are under increasing pressure to adopt eco-friendly packaging solutions to meet consumer demands and reduce their environmental footprint.
Global Carton Liners Market Segmentation
By Material:
- Polyethylene
- Polystyrene
- Aluminum Foil
- Others
Application:
- VCI (Volatile Corrosion Inhibitors)
- Thermal Protection
- Static Shielding / ESD Protection
- Moisture and Oxygen Barrier
- Others
End-Use Industry:
- Food Industry
- Metal Industry
- Automotive Industry
- Building & Construction Industry
- Chemical & Fertilizers Industry
- Healthcare Industry
- Others (Publications & Textiles)
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Competitive Landscape:
Key players in the carton liners market are strongly focusing on profit generation from their existing product portfolios along while exploring potential new applications. The players are emphasizing on increasing their carton liners production capacities, to cater to the demand from numerous end use industries. Prominent players are also pushing for geographical expansion to decrease the dependency on imported carton liners.
Recent Developments:
- In 2023, Sterling Packaging announced the launch of its new line of carton liners that are designed to be more water-resistant. The new liners can withstand exposure to water, making them a more suitable option for applications in wet environments.
- In the same year, U. P. Packaging Industry announced the launch of its new line of carton liners that are designed to be more high-performance. The new liners are designed to meet the demanding requirements of a variety of applications, including food, beverage, and pharmaceutical.
- In 2022, Sancell announced the launch of its new line of carton liners that are designed to be more cost-effective. The new liners are made from a lower-cost material that is still effective in a variety of applications.
- In 2022, Prior Packaging announced the launch of its new line of carton liners that are designed to be more environmentally friendly. The new liners are made from materials that are derived from renewable resources and are recyclable in standard paper recycling streams.
Major Players:
- Encore Poly
- Insulated Products Corporation
- Plascon Group
- Sancell
- Alpine Packaging, Inc.
- Heritage Packaging
- American Plastics Company
- Protective Lining Corp.
- Prior Packaging
- Chantler Packages
Key Takeaways from the Market Study
- Global carton liners market was valued at US$ 31.3 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 3.0%.
- Asia Pacific is expected to hold a dominant CAGR of 5.1% during the forecast period.
- By material, polyethylene segment is expected to constitute a CAGR of 5.1% in 2033.
- On the basis of end-use, food & beverage segment is expected to dominate the market with a CAGR of 5.1% in 2033.
- From 2023 to 2033, carton liners market is expected to flourish at a CAGR of 5.2%.
- By 2033, the market value of carton liners is expected to reach US$ 54.6 billion.
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