Market Size of GCC Labels and Release Liners Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.30 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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GCC Labels & Release Liners Market Analysis
The GCC Level and Release Liner market is expected to register a CAGR of 5.49% over the forecast period from 2021 to 2026. The release liner is a paper or plastic-based film sheet which can be coated with materials such as polyvinyl chloride, polyethylene, polystyrene, and polyethylene terephthalate. Moreover, most of the end-user industries are increasingly adopting polydimethylsiloxane(PDMS) based release liners, which can be recycled easily.
- This market is overgrowing due to the higher demand for these products in the Medical, FMCG, and Cosmetic industries. Moreover, Release liners are an integral part of the manufacturing of tapes, fiber composites, and medical film materials due to its preventive capacity from prematurely adhering to the substrate. However, the rapid rise of digital print technology in Saudi Arabia and UAE have made the print labels market more sophisticated.
- Release Liners primarily coated on both sides using silicone, which provides proper release value for any specific adhesive process. Furthermore, the demand for clear-on-clear labels in beer, beverages, health, and personal care is fuelling the growth of film-based release liner for this region.
- Major Vendors in this market are also focusing on environmentally sustainable Release Liners to gain a competitive advantage over others. The government of Saudi Arabia and other countries are also supporting the growth of biodegradable release liner products. In 2020, Mondi launched a sustainable poly-coated kraft (PCK) paper release liner, which is recyclable. This recyclable Next liner product can positively impact on the environmental footprint of NextLiner.