Market Size of Release Liners Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 16.10 Billion |
Market Size (2029) | USD 21.96 Billion |
CAGR (2024 - 2029) | 6.41 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Release Liners Market Analysis
The Release Liners Market size is estimated at USD 16.10 billion in 2024, and is expected to reach USD 21.96 billion by 2029, growing at a CAGR of 6.41% during the forecast period (2024-2029).
- The COVID-19 pandemic had a negative impact on the release liners sector. Global lockdowns and severe rules enforced by governments resulted in a catastrophic setback as most production hubs were shut down. Nonetheless, the business has been recovering since 2021 and is expected to rise significantly in the coming years.
- Over the short term, increasing demand for clean labels from the food and beverage industry and rising demand for premium hygiene products, and adoption of film-based liners in the medical sector are some of the factors driving the growth of the market studied.
- On the flip side, issues related to the disposal of release liner waste are expected to hinder the market's growth.
- However, expanding the packaging sector in emerging economies is anticipated to provide numerous opportunities over the forecast period.
- Asia Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.