According to Future Market Insights (FMI), the silicone release liners market is expected to increase positively through 2023, with worldwide sales increasing by 5.1% year-over-year. In 2023, the silicone release liners market is likely to generate a total of US$ 1.39 billion in sales. Between 2023 and 2033, the demand is expected to grow at a 7.7% CAGR, according to FMI. By 2033, the market is anticipated to exceed US$ 2.93 billion.
The desire for better labeling from the end-user sector is propelling the global silicone release liners market. Furthermore, the need for higher-quality packaging is expected to increase as investment in the food and pharmaceutical industries rises. As the population grows and trade between countries expands, there is likely to be a great need for high-quality packaging and labeling. This is expected to drive up demand for release liner goods globally.
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Given the high level of customer preference for organic release liners, there is a growing demand for silicone release liners from the food packaging sector. This is boosting manufacturing capacity by companies. Growing consumer preference for sustainable products as a result of environmental concerns and expanding health consciousness in society worldwide is also expected to push the market expansion during the forecast period.
The rising demand for fast food is the main reason driving growth in the global silicone release liner market. Additionally, the market has seen a rise in the introduction of new products and an expansion of their application in the automobile sector.
To compete in the market, regional businesses have also to a certain degree raised their output. Industrial coating organizations manufacture release compounds, offering special alternatives to their customers based on a wide range of substrates utilized to produce silicone release liners.
North America is expected to hold a significant share geographically than other regions in terms of revenue. The main factor for this increase is the high usage rate in packaging applications like label adhesive tape.
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Key Takeaways
- The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.63% through 2033.
- The United States dominated the market in 2022 holding a 19.3% share of the global market.
- In 2022, Japan held a 3.5% market share globally.
- With a CAGR of 13.16% over the forecast period, India is predicted to develop significantly in the market.
- The market in China is expected to proliferate, registering a CAGR of 10.84% over the forecast period.
- Germany accounted for 4.7% of the global market in 2022.
Competitive Landscape:
The top manufacturers of the silicone release liners market are Loparex LLC, UPM Raflatac, Mondi plc, Mitsubishi Chemical America, Inc., Siliconature Spa, Avery Dennison Corporation, 3M Company, Gascogne Group, Rayven, Inc., Felix Schoeller Group, Jindal Poly Films Limited, and others.
These businesses have employed an assortment of tactics to surpass their competitors. They place a high priority on innovation, increasing productivity and quality, offering high-quality customer service, putting in place cost-saving initiatives, distinguishing their goods and services, and forging a strong sense of brand recognition. They have grown their customer base and income by introducing new products, making acquisitions, forging alliances, reorganizing their companies, and cooperating.
Recent Developments:
- In January 2023, to assist clients on their path to employing environment-friendly packaging options, Mondi enlarged the unique variety of medium, high, and extremely high-barrier paper-based packaging that it offers.
- In September 2022, in order to provide the first reliable liner-less alternative for printing and applying to labels, UPM Raflatac and Logopak unveiled their alliance.
Market Segmentation by Category
By Liner Type:
- Paper Liner
- Film Liner
By Coating Type:
- Single Side Coated
- Double Side Coated
By Application:
- Labels
- Tapes
- Graphic Films
- Hygiene and Medical Applications
- Others (Envelope, etc.)
By End Use:
- Food and Beverages
- Healthcare
- Electrical and Electronics
- Chemical
- Other Industrial
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
About Future Market Insights Inc. (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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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