The global sales/shipment of PET release liner are estimated to grow at a Compound Annual Growth Rate (CAGR) of 4% for 2021-2031.
Asia Pacific is predicted to be the largest market in terms of value and volume and will witness the fastest growth over the forecast period, owing to increase in industrial, medical, and packaging applications. China is estimated to become the largest manufacturer of PET release liner in the region.
PET Release Liner the Solution for Labelling Beverages
PET release liner is suitable for wet applications such as beverages. Beer cans, for instance, are often extremely wet by the time they reach the labelling process, thus the enhanced durability is a significant benefit for any unfavourable situation.
Further, an advantage of using PET release liner over paper liners is that they do not break as easily. Because of their robustness, PET release liner is an excellent choice for high-speed applicators. The above factors will drive the demand for PET release liner in the market.
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Drive for Increased Productivity and Cost Reduction to Propel Demand
PET release liner is 60% thinner than most conventional release liners, resulting in lower waste, reduced inventory expenses, material reduction, and low shipping costs.
Enhanced line speeds, the elimination of web breaks during printing and dispensing, and increased packaging all contribute to increased productivity. PET release liner can be recycled, which will increase its demand owing to manufacturers making sustainability a priority.
The US and Canada Demand Outlook for PET Release Liner Market
The PET release liner market is expected to hold a significant market share in the release liner sector in the United States, with leading manufacturers dictating market dynamics.
PET release liner is currently the second most popular release liners in Canada, following the paper-based release liners. The Canada PET release liner market, on the other hand, is expected to grow steadily over the forecasted period.
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Europe PET Release Liner Market outlook
PET release liner is the future in the European release liners market. PET release liner is manufactured as thin liners in the region, and future improvements must be able to use the region's existing installed base of label manufacturing/application equipment.
Sustainability and recycling measures will play a significant role in the growing demand for PET Release liner in the region between 2021 and 2031.
PET Release Liner: Key players
Some key manufacturers in the PET release liner market includes
