PET Release Liner Market Forecast and CAGR
The global sales/shipment of PET release liner are estimated to grow at a Compound Annual Growth Rate (CAGR) of 4% for 2021-2031.
Asia Pacific is predicted to be the largest market in terms of value and volume and will witness the fastest growth over the forecast period, owing to increase in industrial, medical, and packaging applications. China is estimated to become the largest manufacturer of PET release liner in the region.
Drive for Increased Productivity and Cost Reduction to Propel Demand
PET release liner is 60% thinner than most conventional release liners, resulting in lower waste, reduced inventory expenses, material reduction, and low shipping costs.
Enhanced line speeds, the elimination of web breaks during printing and dispensing, and increased packaging all contribute to increased productivity. PET release liner can be recycled, which will increase its demand owing to manufacturers making sustainability a priority.
PET Release Liner: Key players
Some key manufacturers in the PET release liner market includes
- Polyplex Corporation Ltd.
- Tekra LLC
- Shanghai CN Industries Ltd.
- Infinity Tapes
- Guangtai Adhesive Products Co. Ltd.
- Fox River Associates LLC
- Newmax Tec
- CCL Label
- Advanced Coated Products Ltd.
- and Blue Label Packaging among others
The US and Canada Demand Outlook for PET Release Liner Market
The PET release liner market is expected to hold a significant market share in the release liner sector in the United States, with leading manufacturers dictating market dynamics.
PET release liner is currently the second most popular release liners in Canada, following the paper-based release liners. The Canada PET release liner market, on the other hand, is expected to grow steadily over the forecasted period.
PET Release Liner: Market Segmentation
Based on Form, the global PET release liner market is segmented as:
- One- sided
- Clear/Print treated
- Clear/ slip treated
Based on Coating, the global PET release liner market is segmented as:
- Silicone Coating
- Non-Silicone Coating
- No coating
Based on End Application, the global PET release liner market is segmented as:
- Food and Beverage
- Hygiene products
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