Release Liners Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 16.10 Billion |
| Market Size (2029) | USD 21.96 Billion |
| CAGR (2024 - 2029) | 6.41 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Release Liners Market Analysis
The Release Liners Market size is estimated at USD 16.10 billion in 2024, and is expected to reach USD 21.96 billion by 2029, growing at a CAGR of 6.41% during the forecast period (2024-2029).
- The COVID-19 pandemic had a negative impact on the release liners sector. Global lockdowns and severe rules enforced by governments resulted in a catastrophic setback as most production hubs were shut down. Nonetheless, the business has been recovering since 2021 and is expected to rise significantly in the coming years.
- Over the short term, increasing demand for clean labels from the food and beverage industry and rising demand for premium hygiene products, and adoption of film-based liners in the medical sector are some of the factors driving the growth of the market studied.
- On the flip side, issues related to the disposal of release liner waste are expected to hinder the market's growth.
- However, expanding the packaging sector in emerging economies is anticipated to provide numerous opportunities over the forecast period.
- Asia Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.
Release Liners Market Trends
Labels Segment to Dominate the Market
- Labels are applied to packaging to indicate the contents, product specifications, contact details, health and safety warnings and guidelines, and any additional marketing, branding, or pricing information that applies to a product.
- The labels segment is expected to dominate the market majorly due to the increased demand from the packaged foods sector in emerging economies. In supermarkets/hypermarkets, frozen-food meals are available in a wide range with a variety of ingredients and flavors in different packaging styles. This further attracts consumers to supermarkets and hypermarkets, driving the net sale in the market, in turn, is expected to create an upside demand for release liners.
- Moreover, according to the Packaging Corporation of America (PCA) annual report, in 2022, the annual revenue of the packaging corporation of America was approximately USD 8.5 billion, which shows an increase of 9.69% compared with 2021. Therefore, an increase in the revenue of packaging is expected to create demand for labels, which is expected to augment the demand for release liners from the labels segment.
- Additionally, the expanding retail sector in several countries across the world has increased the demand for release liners in labeling applications. For instance, according to StatCan, in Jan 2022, the gross domestic product for the retail trade industry in Canada amounted to CAD 106.5 billion (USD 81.87 billion), which showed an increase of 7.44% compared to Jan 2021.
- Moreover, the focus on sustainable packaging, the expansion of large retail chains, consumer demand for convenience foods (packaged foods), and lifestyle changes have driven the demand for release liners in labeling applications, in turn, boosting the growth of release liners market.
Asia-Pacific to Dominate the Market
- Asia-Pacific holds a significant share of the release liners market, and it is expected to witness the fastest growth during the forecast period.
- Release liners are found in many components of vehicle production, from pressure-sensitive tapes for brakes lights, carpets, upholstery, and door trim, to the wide variety of gaskets used for vibration reduction and sound dampening and the emerging production of batteries for EV vehicles. The demand for release liners majorly arises from the automotive and medical sectors in China. With the increasing investments in the country's automotive, medical, and packaging sectors, the demand for release liners is expected to increase during the forecast period.
- For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA), in 2022, automobile production in the country amounted to 2,70,20,615 units, which showed an increase of 3% compared to 2021. Therefore, the release liners market in the country is likely to expand as a result of the rise in overall automobile manufacturing.
- Additionally, release liners are also required in sanitary pads for female hygiene. The increasing awareness about intimate hygiene and increasing preference for menstrual products, such as sanitary pads, tampons, and panty liners, are boosting the demand for release liners. The Government of India has launched several awareness programs across the country about women's menstrual hygiene. For instance, in January 2022, the Rajasthan government started "I am Udaan," a women-friendly project. This plan, which will cost INR 200 crore (USD 25.4 million), will provide free sanitary napkins to every girl and woman in the state. Such government initiatives are expected the increase the demand for release liners.
- Moreover, release liners are a critical component in the overall development and performance of medical products such as transdermal drug delivery systems, medical devices, advanced wound care dressings, and other pharmaceutical packaging products. Release liners provide several benefits in medical device manufacturing and pharmaceutical packaging as they help package and protect a wide range of products.
- The significant growth in the medical products and devices industry is expected to propel the growth of the release liners market. For instance, according to India Brand Equity Foundation (IBEF), the export of medical devices from India stood at USD 2.90 billion in FY22 and is expected to rise to USD 10 billion by 2025. Therefore, an increase in the exports of medical devices from the country is expected to create an upside demand for the release liners market.
- Furthermore, the government of India has commenced various initiatives to strengthen the medical devices sector, with emphasis on research and development (R&D) and 100% FDI for medical devices to boost the market. For instance, according to IBEF, in August 2022, the Department of Pharmaceuticals greenlit the "Promotion of Medical Devices Parks" program from FY21-25 with a total financial investment of USD 48.97 million, with a maximum support under the program of USD 12.24 million for each Medical Device Park.
- Hence, further growth in these industries, owing to the government's support, is likely to increase the demand for release liners during the forecast period, thus, boosting the market growth in developing nations such as China and India.
Release Liners Industry Overview
The release liners market is consolidated in nature. The major players in this market (not in a particular order) include Mondi, Dow, 3M, Loparex, and Ahlstrom, among others.
Release Liners Market Leaders
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Dow
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Loparex
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3M
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Mondi
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Ahlstrom
*Disclaimer: Major Players sorted in no particular order
Release Liners Market News
- June 2023: Ahlstrom introduced a novel release liner, which is the extension for its Acti-V Industrial range of high-performance release liners. The new product is designed for double-sided pressure-sensitive adhesive tapes with unbleached and recycled fibers, which offers a sustainable option for environmentally conscious tape producers.
- December 2022: The Felix Schoeller Group announced its plan to expand its capacities in the United States and Canada in three steps by 2025. The company has planned the expansion from 2,000 tons to over 40,000 tons per year of paper machine capacity in Drummondville, Canada. Further, the company has planned a total investment of USD 100 million for the production of decor paper and release liner in North America to add a capacity of 50,000 tons.
Release Liners Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Demand for Clean Labels in Food and Beverage Industry
- 4.1.2 Rising Demand from Premium Hygiene Products and Adoption of Film-Based Liners in Medical Sector
- 4.1.3 Other Drivers
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4.2 Restraints
- 4.2.1 Issues Related to the Disposal of Release Liner Waste
- 4.2.2 Other Restraints
- 4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Application
- 5.1.1 Labels
- 5.1.2 Graphics
- 5.1.3 Tapes
- 5.1.4 Medical
- 5.1.5 Industrial
- 5.1.6 Other Applications
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5.2 Geography
- 5.2.1 Asia-Pacific
- 5.2.1.1 China
- 5.2.1.2 India
- 5.2.1.3 Japan
- 5.2.1.4 South Korea
- 5.2.1.5 Rest of Asia-Pacific
- 5.2.2 North America
- 5.2.2.1 United States
- 5.2.2.2 Canada
- 5.2.2.3 Mexico
- 5.2.3 Europe
- 5.2.3.1 United Kingdom
- 5.2.3.2 France
- 5.2.3.3 Germany
- 5.2.3.4 Italy
- 5.2.3.5 Rest of Europe
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 South Africa
- 5.2.5.2 Saudi Arabia
- 5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Ahlstrom
- 6.4.3 Dow
- 6.4.4 Eastman Chemical Company
- 6.4.5 Elkem ASA
- 6.4.6 Felix Schoeller
- 6.4.7 Gascogne Group
- 6.4.8 LINTEC Corporation
- 6.4.9 Loparex
- 6.4.10 Mondi
- 6.4.11 Sappi Group
- 6.4.12 SJA Film Technologies Ltd
- 6.4.13 The Griff Network
- 6.4.14 UPM Global
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growth in Packaging Sector in Emerging Economies
- 7.2 Other Opportunities
Release Liners Industry Segmentation
Release liners are coated films that are mainly used to protect a sticky surface from releasing early. These are extensively used in several applications owing to their cleanliness and ease of removal. They mainly support laminated films, ceramics, cast foams, and coated adhesives. It has different substrates, such as film-based, paper-based, poly-coated-based, etc.
The market is segmented based on application and geography. By application, the market is segmented into labels, graphics, tapes, medical, industrial, and other applications. The report offers market size and forecasts for 15 countries across major regions.
For each segment, market sizing and forecasts have been done on the basis of revenue (USD) for all the above segments.
| Application | Labels | |
| Graphics | ||
| Tapes | ||
| Medical | ||
| Industrial | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | United Kingdom |
| France | ||
| Germany | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | South Africa |
| Saudi Arabia | ||
| Rest of Middle-East and Africa |
Release Liners Market Research FAQs
How big is the Release Liners Market?
The Release Liners Market size is expected to reach USD 16.10 billion in 2024 and grow at a CAGR of 6.41% to reach USD 21.96 billion by 2029.
What is the current Release Liners Market size?
In 2024, the Release Liners Market size is expected to reach USD 16.10 billion.
Who are the key players in Release Liners Market?
Dow, Loparex, 3M, Mondi and Ahlstrom are the major companies operating in the Release Liners Market.
Which is the fastest growing region in Release Liners Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Release Liners Market?
In 2024, the Asia Pacific accounts for the largest market share in Release Liners Market.
What years does this Release Liners Market cover, and what was the market size in 2023?
In 2023, the Release Liners Market size was estimated at USD 15.13 billion. The report covers the Release Liners Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Release Liners Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Release Liners Industry Report
Statistics for the 2024 Release Liners market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Release Liners analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
