According to Future Market Insights (FMI), the plastic liners market is expected to total US$ 7.2 Bn in 2032, expanding at a 4.8% CAGR during the forecast period (2022-2032). Plastic liners are the flexible packaging solution which are used for transporting bulk products from one destination to other. The plastic liners are used for protecting the bulk products from the external natural elements. This also helps in keeping the product contamination-free.
The plastic liners are made from different plastic materials based on the requirement and material properties such as polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), and others. These liners are used by various industries such as food & beverages, fertilizers & agriculture products, pharmaceuticals, industrial chemicals, and others.
The cost-effectiveness is the main advantage of using plastic liners and the reason behind the same is the need for extra labour or extra effort of cleaning the bulk container which reduces the cleaning or packaging waste cost.
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The plastic liners are easy to put and install and easy to remove. With the use of plastic liners, the packaging waste can be reduced this lead to sustainable footprints. Moreover, the plastic liners provide resistance to humidity which ensures that the quality of the product remains as the same quality.
The plastic liners are designed in such a way that they prevent leakage along with protecting the content from getting contaminated. Further, increasing trade of bulk products is propelling the demand for plastic liners which are cost-effective and easy to use.
Additionally, growing food & beverage and chemical industries are projected to fuel the demand for plastic liners across the globe. Overall, with the rise in the need for protective and cost-effective packaging solution among the industries, the demand for plastic liners will improve at a positive rate over the assessment period.
Key Takeaways from Plastic Liners Market
· Based on material, the polypropylene (PP) segment is estimated to hold around 40% of the market value share by the end of 2032.
· In terms of end use, the food & beverages segment is anticipated to create a growth opportunity of US$ 917.8 Mn during 2022-32.
· With the rise in the shipment of bulk products, the demand for the upto 5 Kg plastic liners is expected to propel during the forecast period.
· Sales of plastic liners in North America will surge with the increasing trade of various commodities along with the presence of leading industry manufacturers.
· Europe is expected to emerge as the most remunerative plastic liners market on the back of expansion of food & beverage and chemical industries
Rise in Demand for the Proper Disposable Solution to Bolster Plastic Liners Demand
The plastic liners are also used for disposing of household and industrial waste. The waste is thrown in the plastic liners placed inside the waste container which reduces the cleaning effort and cost.
With the usage of plastic liners in the waste containers, the container remains clean. It is easy to remove the plastic liners and directly dispose of the waste. As the plastic liners prevent leakage, the waste container does not get spoiled.
Also, the garbage or waste plastic liners are made using special material so that the odour of the waste remains trapped inside. The development of scented garbage plastic liners creates a growth opportunity for the target market.
The plastic liners are recyclable as well as hygienic which gains traction among the end-users. The strength of the plastic liners prevents them from getting torn, this helps in carrying heavy loads. Overall, the demand for proper waste disposable packaging solutions boosts the demand for plastic liners.
Plastic Liners Market Landscape
Berry Global Group, ILC Dover LP, Plascon Group, American Plastics Company, and Polymer-Synthese-Werk GmbH are the key players operating in the plastic liners market. Also, the other noticeable players in the global plastic liners market are RRR Supply, Inc., A-Pac Manufacturing Co., Inc., International Plastics Inc., Champion Plastics, Chiltern Plastics, and others. The key players in tier 1 hold around 20-25% of the global plastic liners market.
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Plastic Liners Market Report
Future market insights, in its new report, offers an unbiased analysis of the global plastic liners market, analyzing historical demand from 2016-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the plastic liners based on the material (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), and others (PLA, etc.)), capacity (upto 5 Kg, 6 – 15 Kg, 15 – 25 Kg, Above 25 Kg), end use (food and beverages, fertilizers & agri products, pharmaceutical, industrial chemicals, and others) across seven regions.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Plastic Liners Market Size to Reach US$ 7.2 Bn by 2032 | CAGR of 4.8% appeared first on Future Market Insights.