Silicone Release Liners Sales Set to Expand by 2.18x as Application of Tapes and Labels Surges within Food & Beverage Industry: FMI
ESOMAR-certified consulting firm Future Market Insights estimates the global silicone release liners market to grow at 8.1% CAGR during the period 2021-31. The market has been forecast to offer an incremental opportunity of US$ 1.5 Bn in the span of next 10 years.
Silicone Release Liners Market
A recent market report published by FMI on the silicone release liners market provides glo...
Increasing applications of silicone release liners in the packaging industry such as tapes, graphic films and labels are spurring sales. Superior benefits provided by silicone release liners such as improved quality, durability and tensile strength will continue improving their demand across diverse industries.
As per FMI, film liners are used extensively in release liners market. However, paper based silicone release liners are acquiring immense popularity among manufacturers due to their better structural properties and sustainability compared to the film liners.
Advantages such as faster manufacturing process, economical final product, and eco-friendly features are bolstering paper silicone release liners demand. Furthermore, increased application of silicone release liners in food and beverage industry is expected to accelerate sales in the market.
Manufacturers in the food & beverage industry are adopting aggressive branding and marketing of food products to gain competitive edge. To improve the appeal of their products, they are improving quality of packaging, which is propelling the adoption of silicone release liners.
Aggressive branding and marketing in the food and beverages industry is anticipated to drive the market for silicone release liners in the coming years.
Key Takeaways from Silicone Release Liners Market
- By liner type, paper liners segment is expected to expand at an impressive pace of 9.7%CAGR during 2021-2031.
- By application, labels segment is expected to hold 39.8% of value share in 2031 on the back of heightened demand for pressure sensitive labels.
- Sales of silicone release liners in the food industry are projected to expand at a CAGR of 7.5% during the span of the next 10 years.
- By region, North America and Europe is estimated to hold over half of the total silicone release liners market owing to their well-established packaging liners industry.
- South Asia and East Asia market are emerging as the most lucrative pockets, exhibiting growth at a CAGR of 12.5% and 11.4%, respectively.
“Rapid expansion of healthcare and food & beverages sectors across the globe is anticipated to create growth opportunity for the silicone release liners market. With increasing need for safe packaging, key players are focusing on new product launches to expand their portfolio and gain competitive edge in the market” says FMI analyst.
Growing Awareness Regarding Hygiene Products Fueling Demand for Silicone Release Liners
Growing awareness among consumers in developing nations such as India and Brazil regarding the hygienic packaging for products in infant and sanitary care sectors is resulting in high demand for silicone release liners.
Initiatives undertaken by NGOs and government bodies for promoting these products to the rural as well as economically weaker section of people living in urban areas are resulting in the g demand for hygiene products.
Rising demand is attracting many new players to enter the market. Meanwhile established companies are focusing on expanding their footprint worldwide.
- For instance, key players such as Johnson & Johnson and P&G are focusing on capitalizing on untapped opportunities in the emerging markets to increase their market share and expand consumer base.
As silicone release liners are widely used for hygiene products due to their ease in detaching from the products and efficiency in carrying the adhesives, sales are expected to increase.
Silicone Release Liners Market Landscape
Loparex LLC, UPM Raflatac and Mondi plc are the top players operating in the silicone release liners market. Furthermore, Mitsubishi Chemical America, Inc., Siliconature Spa, Avery Dennison Corporation are also some of the noticeable players in the silicone release liners market.
As per FMI, Loparex LLC, UPM Raflatac, Mondi plc are some of the Tier 1 players in the global silicone release liners market. The Tier 3 players like Felix Schoeller Group, Jindal Poly Films Limited and Gascogne Group among others in the market hold 55-65% in the global silicone release liners market.
Silicone Release Liners Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global silicone release liners market, analyzing historical demand from 2015-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the silicone release liners market based on liner type (paper liner and film liner), coating type (single side coated and double side coated), applications (labels, tapes, graphic films, hygiene and medical applications and others (envelope, etc.)) and end use (food and beverages, healthcare, electrical and electronics, chemical and other industrial), across seven regions.
About Packaging Division at Future Market Insights
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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