According to a recent report by Transparency Market Research (TMR), the vendors of the global release liner market
may see remunerative growth owing to the increase in the number of
consumers preferring innovative and high quality packaging. Adding to
that, the adoption of release liners is making profits due to the rise
in investments made by players in various industries like
pharmaceuticals and food and beverage industries as well. This is all
entitled to increase the rate of growth and development of the release
liner market in the coming years.
Some of the key vendors of the global
release liner market are Mondi Group, Avery Dennison Corp., Rayven Inc.,
Loparex Holding B.V., and Gascogne Group. The major players are
foreseen to be investing their finance on research and development
activity in order to boost their growth levels in the years to come.
Apart from that, leading vendors are also chalking out merger and
acquisition plans in order to collaborate with other companies
strategically so as to produce more revenue in the global release liner
market during the forecast period.
As per the TMR report, the global
release liner market is presumed to reach US$17.0 bn by the end of 2024.
The market is prognosticated to expand with a CAGR of 6.30 % within the
forecast period of 2016 to 2024. Based on labeling technology, the
market is seen to be dominated by pressure sensitive labelling segment
with a contribution of 44% share in the market. On the basis of
geographical segmentation, the global release liner market is projected
to draw more revenue from Asia Pacific with faster rate of growth.
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Asia Pacific to Witness Faster Growth with Maximum Number of Vendors
The packaging industry is making a
notable amount of profit that is further boosting the growth of the
release liner market in the long run. Apart from the high quality and
innovative techniques adopted for products, another factor anticipated
to boost the growth of the market is the rise in investment in the food
and beverage industry. The packaging industry is also generating lot of
revenue in present times and this ultimately leads to the growth of the
release liner market in the forthcoming years.
The rise in demand for film-based liners
and surge in label printing technology are other important factors
contributing to more revenue generation in the global release liner
market. They are both creating equally attractive opportunities for
major vendors to operate in the global market for release liners. There
is more demand for proper methods of disposal so as to reduce the amount
of waste and this is also propelling the growth of the market in the
future years.
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