The global release liner market is highly competitive in nature with a presence of several players operating in it across the globe, states a new market research report by Transparency Market Research. The key players in the global market are emphasizing on development of new product in order to enhance their product portfolio and market penetration across the globe. Furthermore, the leading players in the market, namely Rayven Inc., Mondi Group, 3M, Loparex Holding B.V., Avery Dennison Corp., UPM, and Gascogne Group are expected to invest in research and development activities to encourage their growth throughout their forecast period. In addition to this, the rising number of mergers and acquisitions and strategic collaborations are anticipated to generate potential growth opportunities for the market players throughout the forecast period.
In the last few years, Asia Pacific led the global release liner market and is estimated to continue with its dominance throughout the forecast period. The high growth of this region can be attributed to the presence of a large number of manufacturers and vendors. In addition to this, the rising construction of new manufacturing units is also one of the key factors expected to accelerate the growth of the Asia Pacific market in the coming years.
Moreover, the rising contribution from Malaysia and Indonesia are estimated to offer growth opportunities in the coming years. Furthermore, the Middle East and Africa is predicted to register a promising growth throughout the forecast period, thanks to the growing demand for release liners across diverse application segments.
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Among the major segments of the labeling technology, pressure sensitive labeling is estimated to account for more than 44% of the global market in the next few years. The high growth of this segment can be attributed to the rising need for packaging for food and beverages and pharmaceuticals. On the flip side, the sleeving segment is estimated to gain traction throughout the forecast period, thanks to the high level of efficiency that is being offered by the release lines.
Rising Demand for Digital Label Printing Technology to Accelerate Growth
The rapid development of the packaging industry is one of the key factors estimated to encourage the growth of the global release lines market in the next few years. The rising preference of consumers for high-quality and innovative packaging has resulted in a significant rise in the demand for release liners across the globe. Furthermore, the increasing investment in the food and beverages and pharmaceutical industries is considered as another major factor estimated to enhance the growth of the global market in the coming few years.
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