Global Release Liners – Summary

Release Liners Market Size is projected to be worth USD 116.52 billion by 2028, registering a CAGR of 9.13% during the forecast period (2021 - 2028). reports Market Research Future (MRFR). 

A stupendous growth in industrialization and robust urbanization has a far-reaching impact on release liners. Straightaway it is favoring the release liners in the construction industry. Infrastructural activities coupled with government allowances such as stipulations and regulations have given rise to the demand for release liners. Among the ancillary effects, it has ushered in a shift in consumer behavior due to which consumers now prefer packaged foods more than ever. This has sparked a demand for release liners in the packaging of fresh & canned food, milk & dairy products, carbonated & fruit drinks, alcoholic beverages, and others. The packaging industry can reap the benefits of release liners such as resistance to moisture, chemical, and ultraviolet (UV) rays.

Digital printing has become a rage now. Its benefits such as low initial set-up cost, minimal set-up time, high print quality, and high accuracy have made it a market favorite. Moreover, it does not require pre-press procedures. Furthermore, digital printing, in sync with the growing ecological concerns, is eco-friendly as it reduces print waste. The sector is expected to boost the burgeoning release liners market further.

Radio frequency identification (RFID) is now an adopted measure that plays an integral role in packaging. A popular choice among the retailers and government agencies, RFID can carry a lot of data by embedding the RFID transponder between the release liner and label face. It provides various tracking-related data. Release liners play a significant role in RFID tagging of packages owing to which the market can witness a symbiotic growth with RFID.

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However, linerless labels are gaining traction which can curb paper consumption, storage cost, transportation cost, label waste, and waste disposal cost. In addition, it has a far lesser environmental impact than release liners. Hence, this can deter the market growth in future.

Segmentation:

The global Release Liners Market can be segmented by substrate, labeling technology, printing process, and application.

Substrate-wise segmentation includes paper-based and film-based. Film based liners are dominating the market and are expected to do so in the near future with the highest CAGR during the forecast period owing to its features such as hygro stability, moisture resistance, and durability, which play intrinsically in packaging.

Based on labelling technology, the market is segmented into pressure sensitive, glue applied, shrink sleeve, stretch sleeve, in-mold, and others. Glue applied leads the market with pressure sensitive labeling technology following the lead closely.

On the basis of printing process, the market comprises digital printing, offset, flexography, gravure, and screen. Flexography dominated the market in 2017. However, digital printing is gaining momentum and is expected to register the fastest CAGR during the review period.

Application-based segmentation consists food & beverage, medical & pharmaceutical, cosmetics & personal care, automotive, electronics, and construction. Food & beverage sector is currently dominating the market owing to the changing consumer behavior and high disposable income.

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Regional Analysis:

Geographically, the market covers North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and the Middle East & Africa (MEA).

The APAC is currently dominating the market both in terms of volume and value and is anticipated to expand with the highest CAGR during the forecast period.

North America follows the lead of the APAC closely. The market is getting the necessary boost from the presence of a few robust manufacturers of release liners. Also, the presence of numerous Tier-1 enterprises is expected to propel the market further ahead. Europe has assumed the third position in the market.

However, the LATAM and the MEA markets are likely to experience moderate growth. These regions have potential as a number of healthy end-use industries are currently operating in the region.

Market Dashboard:

The key players in the global release liner market are 3M (U.S.), Mondi (U.S.), Gascogne Flexible Company (Norway), UPM Raflatac (Finland), Loparex Holding BV (Netherlands), Avery Dennison Corporation (U.S.), Sappi Limited (South Africa), Eastman Chemical Company (U.S.), and others.

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Release liners when used as a carrier for labels are often wasted after a single use. Currently, only a handful amount is getting recycled. Meanwhile, a lot of research and development efforts are going in to make it more sustainable and minimalize its carbon footprint.

The PDMS-based release liners are gaining traction in diverse sectors such as aerospace, electrical, and healthcare as it features different temperature performance, better insulation, effective biocompatibility, and weather resistance help the sectors perform well.

The competitive market banks heavily on innovations and tested and proven strategies such as mergers and acquisitions. For instance, recently 3M has launched Scotchpak 9709 release liner, a fluorosilicone-coated polyester film, which is transparent, occlusive, and has the chemical stability that can increase the shelf life. Mondi acquiring the U.K.-based packaging firm Excelsior Technologies Limited can also be considered exemplary.

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