Press release
Release Liner Market to Reach Valuation of ~US$ 17 Bn by 2024
Transparency Market Research delivers key insights on the release liners market in its published report, which includes global industry analysis, size, share, growth, trends, and forecast for 2020–2024. In terms of revenue, the global release liners market is estimated to expand at a CAGR of 6.5% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecast in this report.Release liners are an integral part of the manufacturing of tapes, fiber composites and medical film materials, as it prevents the sticky surface from prematurely adhering to the substrate. Use of release liners protects the adhesive applied on a label until the label is ready to use, this makes product handling easier. Release liners are coated on both sides using silicone as base release coating that provides a proper release value against the specific adhesive applied to them. Depending upon the texture and finish of the substrate, release liners are coated with extrusion or clay coatings which determine the smoothness and adhesion properties of the release liner.
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Rising demand for industrial labels is a key driver for the release liner market. Labels account for a substantial share in the overall packaging industry. Release liners constitute a dominating portion of labels, thus the demand for release liners is highly correlated with that of labels and poised to increase during 2020-2024.
Asia Pacific to Remain at Forefront
As per TMR analysis, Asia Pacific accounts for nearly 38% of the global release liner market and is projected to continue its prominence through 2024. China and Japan account for ~40% of the Asian market. However, India is expected to expand at a CAGR of 6.5% during the forecast period. This growth is expected to result from the high demand for labels and tapes in the region thus creating new market opportunities for release liners companies worldwide.
Growth in Film-based Liner Fueled by Increasing Demand for No-Label Look
Increased demand for clear-on-clear labels for no-label look application in the segment such as beer, beverages, health and personal care and food has to lead the manufacturer to develop film-based release liners. Film-based release shows several advantages over paper-based release liners which includes good clarity, durability, and high thickness control. The trend is expected to increase the market share of film-based release liners over the forecast period.
High Demand from Personal Care & Healthcare Sector to Create Growth Opportunities for Manufacturers of Release Liners
Hygiene is one of the major segments in the total healthcare and medical market, representing about 79% of release liner usage, mostly paper. Healthy growth of this segment is expected to continue, owing to various demographic factors; reflecting potential growth for release liners market over the forecast period. In addition to this, in the medical market, wound care dressings, surgical drapes and medical devices use a self-adhesive laminate featuring a separate silicon-coated release liner. Around 49% of the total release liners market in this segment is being captured by films, representing a strong opportunity for the manufacturers of release liners in future.
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Furthermore, the manufacturers of release liners can maximize their profits by targeting personal care products such as cosmetic patches, acne, nose pore strips & anti-wrinkle pads, which are registering high sales globally.
Release Liner Market: Competition Landscape
In the global market report for release liners, the competition landscape is discussed in detail. Key players profiled in the release liners market are Mondi Plc, Avery Denison Corporation, 3M Company, Gascogne Laminates SA, UPM Raflatac, Rayven Inc., and Loparex Holding B.V. These companies account for nearly 15-25% of the global market. However, several players in Asia are emerging as prominent regional players, these regional players are anticipated to shape the regional dynamics of the market by offering release liners at competitive prices.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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