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.
The food & beverage sector is finding increasing use for plastic liners. In 2023, the food & beverage sector contributed 39.2% of the market share by end-use segment.
The food & beverage sector is growing at a rapid rate. The need for packaging comes with an increase in the sale of food commodities. The food & beverage industry is turning to plastic liners to satisfy packaging needs. Plastic liners provide protective packaging to food, ensuring the products do not get stale or ruined due to external factors. Thus, the rising need for plastic liners ensures the food product’s quality is maintained from storage to consumption.
“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.
Key Segments of the Plastic Liner Market
By Material:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Others (PLA, etc.)
By End-use Industry:
- Food and Beverages
- Fertilizers & Agri Products,
- Pharmaceutical
- Industrial Chemicals
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
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