Container Liner Market is projected to grow at 4.2% volume CAGR through 2027

Global demand for container liners totaled 500 thousand tonnes in 2018, equaling a market value worth US$ 783 million. A new study by FMI forecasts global demand to grow at 4% y-o-y in 2019. Projected growth of the container liner market can be attributed to,

Realignment of the shipping industry in the wake of ongoing mergers and acquisitions

Reusable feature of container liners accommodates growing transportation of bulk materials

Rising global logistics activities and improvements in supply chain management

The FMI study finds that demand for container liner for the transportation of food and beverage products remains higher. Over 27% of the global container liner consumption was attributed to food and beverage application in 2018. As food and beverage products are vulnerable to contamination, container liners are highly used for their transportation across the global food sector. In addition, manufacturers provide application-specific and effective packaging for food and beverage applications.

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Demand for container liners for the transportation of building and construction materials also remains significant. FMI shows that over 25% of the global container liner volume sales were used of building and construction application. Development of infrastructure across the globe is expected to bode well for the container liner market wherein demand in building and construction application will grow at 5.3% in 2019.

Container liners also find application in end-user industries such as chemicals, agriculture, mining and pharmaceutical. Agriculture and pharmaceutical collectively held nearly one-third share of the global container liner sales in 2018.

End Fill Container Liner Top Selling

The study finds that demand for end fill container liner with tubular loading and unloading feature remains higher in the container liner market. In 2018, over 38% of the container liner sold were of end fill type which can be fit in all standard containers.

Demand for wide access container liner remained second largest in 2018 and the status-quo is likely to continue in the coming years wherein a growth at 5% is projected in 2019. As wide access container liners provide greater protection to container walls, their demand is growing rapidly in the container liner market. Top fill and open top container liner also witness significant demand where former is used for shipment of dry bulk products and later for tall cargos of large machinery, building materials and sheet glass.

20ft Capacity Container Liner Consumption Higher

Across end-user industries, low capacity container liners are highly sought-after. Demand for 20ft containers remains higher at the capacity fits in the requirement of optimum space and stacking in logistics. Along the same lines, higher adoption rate of 20ft containers is explains leading volume sales of 20ft container liners. In 2018, over 73% of the container liners sold were of 20ft capacity.

As logistics stakeholders invest in buying large shipping containers to increase operational efficiency of trade activities across the globe, demand for 40ft container liners is rising steadily and expected to grow at 4.3% in 2019.

Polypropylene (PP) Container Liner Top Selling

The FMI study finds that polypropylene (PP) container liner remains highly sought after among end-users and is highly used for the transportation of a variety of dry goods ranging from construction material to chemicals to bulk food products. In 2018, 45% of the container liner sold were of polypropylene (PP) material.

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According to the study, APEJ remains the most lucrative market for container liners wherein demand consolidates in China that accounts for over 41% of the APEJ consumption. North America followed by Europe are other prominent markets for container liner. Collectively, they account for half the global container liner consumption in 2018.

The FMI report tracks the container liner market for the period 2019-2027. According to the report, the container liner market is projected to grow at 4.2% volume CAGR through 2027.

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This release was published on openPR.