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I AgreeAnalysis of PET Release Liner market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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.
PET release liner is suitable for wet applications such as beverages. Beer cans, for instance, are often extremely wet by the time they reach the labeling process, thus the enhanced durability is a significant benefit for any unfavorable situation.
Further, an advantage of using PET release liner over paper liners is that they do not break as easily. Because of their robustness, PET release liner is an excellent choice for high-speed applicators. The above factors will drive the demand for PET release liner in the market.
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.
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.
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PET release liner is the future in the European release liners market. PET release liner is manufactured as thin liners in the region, and future improvements must be able to use the region's existing installed base of label manufacturing/application equipment.
Sustainability and recycling measures will play a significant role in the growing demand for PET Release liner in the region between 2021 and 2031.
Some key manufacturers in the PET release liner market includes
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NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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The PET release liner market is likely to be worth US$ 116.3 Billion.
The PET release liner market is likely to stand at a CAGR of 4% during the forecast period.
North America holds the most opportunities in the PET release liner market.