The plastic liner market valuation is US$ 4.8 billion in 2023. The market is projected to progress at a CAGR of 4.1% from 2023 to 2023. At the end of the forecast period by 2033, the value of the market is expected to reach US$ 7.1 billion.
Prospects in the forecast period are better than the historical period for the plastic liner market. Increasing acceptance of plastic liners in the packaging for commodities in bulk is set to drive the market. The adoption of plastic liners in the food & beverage industry is tipped to continue growing over the forecast period.
The use of plastic liners for residential use is also increasing. However, there are stumbling blocks in the path of the market. Environmental concerns related to the use of plastic restrain the market for plastic liners. Packaging companies understand the sustainability demands of consumers and are moving toward alternatives, limiting the sales of plastic liners. By 2033, the plastic liner market is anticipated to have reached US$ 7.1 billion.
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Plastic liners are used in both commercial and residential spaces. The varying plastic liner sizes ensure the product can be used for bulk and small packaging. Trends like scented plastic liners make sure the market remains versatile.
“Environmental concerns related to plastic are set to act as a stumbling block for the market as people become increasingly aware of the need for sustainability. Market players are thus shifting their focus to recyclable and biodegradable plastic production,” says Ismail Sutaria (Lead Consultant, Packaging and Materials).
Key Takeaways from the Plastic Liner Market
- The plastic liner market is valued at US$ 4.8 billion in 2023.
- Polyethylene is the material most commonly found in plastic liners. In 2023, polyethylene is expected to account for 41.3% of the market share by material.
- The food & beverages industry is the leader in the end-use sector segment. In 2023, the food & beverage segment holds a share of 39.2% of the market.
- India is expected to show fast growth in sales of plastic liners. The CAGR of the Indian market is expected to be 6.4% from 2023 to 2033.
- China also has huge market potential due to its large-scale exports. In China, the market is projected to grow at a CAGR of 5.7% over the forecast period.
- The Thailand market for plastic liners is anticipated to grow at a CAGR of 5.1% through 2033.
Competitive Landscape of the Plastic Liner Market
Large-scale industry players co-exist with smaller-scale entities whose focus is local. Manufacturing products that meet regulation standards is a fast-developing need in the market. Some prominent companies in the market include Berry Global Group, RRR Supply, Inc., A-Pac Manufacturing Co., Inc., and Plascon Group International Plastics Inc.
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Recent Developments
- In October 2023, a new manufacturing line for containers was opened in Germany by the CDF Corporation. The company collaborated with the local company Natsan to undertake the venture.
- In August 2022, a packaging plant in the Czech Republic was taken over by Amcor PLC. The company aims to increase its influence in the region.
- Also, in August 2022, United Kingdom company FFP Packaging Solutions was taken over by Constantia Flexibles. Constantia Flexibles thus increased its foothold in the market.
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