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.
One of the major factors contributing to the growth of the carton liners market is the e-commerce packaging. The rapid growth of e-commerce and online shopping has revolutionized the retail industry. There is a soaring demand for secure and reliable packaging solutions, with more consumers opting for the convenience of online shopping. Carton liners provide an additional layer of protection to products during transit, safeguarding them from damage and ensuring that they reach customers in perfect condition. The demand for carton liners is expected to grow in tandem, as e-commerce continues to expand.
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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.
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.
Key Takeaways:
*The 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.
Industrial packaging applications, across the globe, is a major factor that is expected to propel the growth of the carton liners market in the near future, remarks an FMI analyst.
As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global carton liners market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales carton liners in the coming 10-years.
Carton liners are gaining increasing momentum in the packaging of metal and related products, thereby escalating demand for carton liners and sales of carton liners. Moreover, the rust protection role of VCI (Volatile Corrosion Inhibitors) carton liners is accounting for greater gains in the carton liners market.
With significant advances in packaging technologies, key carton liners market players are focusing on the production of intelligent carton liners featuring the Modified Interactive Packaging (MIP) system, especially for food packaging.
These products help extend the shelf life of products by minimizing condensation and inhibiting the development of micro-organisms, which cause decay. That is why there is witnessed a surge in demand for carton liners along with sales of carton liners.
Recent Developments:
*In 2023, Rustx announced the launch of its new line of carton liners that are designed to be more heat-resistant. The new liners can withstand higher temperatures, making them a more suitable option for applications in harsh environments.
*In 2022, Chantler Packages announced the launch of its new line of carton liners that are designed to be more user-friendly. The new liners are easier to apply and remove, making them a more convenient option for businesses and consumers.
*In 2021, Encore Poly announced the launch of its new line of carton liners that are made from recycled materials and are recyclable in standard paper recycling streams.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of carton liners market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global carton liners market. Some of the prominent market players are Encore Poly,Insulated Products Corporation, Plascon Group, Sancell, Alpine Packaging, Inc., Heritage Packaging, American Plastics Company, Protective Lining Corp., Prior Packaging, and Chantler Packages.
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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)
Frequently Asked Questions
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Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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