As per the latest research study by Future Market Insights (FMI), the global liner bags market is set to exhibit growth at a CAGR of 3.9% from 2022 to 2032. The market is estimated to surpass US$ 1,062.6 Mn by the end of 2032 from US$ 724.8 Mn in 2022.
Liner bags are flexible packaging solutions used for packing & transporting products. They are also used for bulk products, which help in protecting such products from external natural elements. This also helps in keeping the product contamination-free.
Liner bags are made from different plastic materials based on the material properties and requirements such as polyethylene (PE), polypropylene (PP) , and other plastic materials. Cost-effectiveness is the main advantage of using liner bags.
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Market leaders in various end-user industries are trying to reduce the cost incurred in the complete process of production and packaging of produced goods. To keep up with the cutthroat competition in modern-day industries, various key manufacturers are looking forward to minimizing the costs incurred in the packaging of their goods.
Flexible plastic packaging solutions such as liner bags provide producers of various goods with an option to reduce the cost incurred on the packaging of the products, as these packaging solutions are cheaper than other rigid packaging solutions. At a large scale production, manufacturers can reduce the cost incurred and eventually, it results in profit for end users.
Increased profit margins attract more and more end-user industries towards the adoption of liner bags as the preferred packaging type. Moreover, liner bags require less resources for packaging, and manufacturers can use the exact material required for packing a particular product that saves a lot of packaging materials from being wasted. Products packed in liner bags need comparatively lesser shelf space, which make them cost-effective.
Key Takeaways from Liner Bags Market
- Based on material, the polyethylene (PE) segment is estimated to hold around 63% of the liner bags market share by the end of 2022.
- The other plastic segment, including bioplastics, is projected to expand at a CAGR of 5.1% during the forecast period.
- The online segment by distribution channel is anticipated to expand 1.5 times the current market value during 2022-2032.
- The institutional segment based on end users is expected to expand by 4.7% CAGR during the forecast period.
- China liner bags market is anticipated to register a CAGR of 4.3% during 2022-2032.
“Demand for liner bags is further boosted by the significant need to protect food, beverages, and chemical items from the outside environment. Liner bags also ensure lower packaging costs and promote environmentally friendly packaging solutions, which would push their demand among various end users.” – says an FMI analyst
Technological Advancements and Innovations to Reshape the Liner Bags Market
Manufacturers that cater to food companies are constantly focused on providing custom barrier properties for different types of products to enhance their shelf life. Liner bags manufacturers are thus engaging in technological advancements and innovative product launches to enhance their market share.
For instance, Europe-based liner manufacturer, Flexipol, has launched a gas flush dolav liner, an innovative alternative to a conventional gas flush dolav liner. Gas flushing is a process in which various types of inert gases such as nitrogen and carbon dioxide or other gases are injected inside, sucked out, and re-injected repetitively to remove oxygen from food packaging.
It is the most common type of modified atmosphere packaging. Gas flushing is done to improve the shelf life of the product. Flexipol’s gas flush dolav liners overlap tightly around the top of the dolav. This prevents the liners slipping into the dolav.
Furthermore, these liner bags enhance the shelf life of the product. Logos can also be printed on these liner bags for the ease of identification. European liner manufacturer, Polystar Plastics, on the other hand, has designed several liner bags, from small box liner bags to the largest dolav liner bags.
The food-grade polythene liner bags are the British Retail Consortium (BRC) approved and manufactured by using exclusive environmentally friendly greener materials. Thus, innovation and technological advancement would provide lucrative growth opportunities to players in the liner bags market.
Competition Landscape: Liner Bags Market
Some of the key players operating in the liner bags market are Berry Global Inc., Mondi plc, Aristo Flexi Pack, Dana Poly, Inc., Plascon Group, Dagoplast AS, Flexipol, and UFlex Limited. Also, some of the other noticeable players in the market include Eceplast, AAA Polymer, A-Pac Manufacturing Co., Inc., GLOBAL-PAK, INC., and EMIL DEISS KG (GmbH + Co.) among others.
Get More Exclusive Insights into the Liner Bags Market Report
Future market insights, in its new report, offers an unbiased and thorough analysis of the global liner bags market, analyzing historical demand from 2016-2021 and forecast statistics for 2022-2032. The study reveals market growth projections for liner bags based on the material (polyethylene (PE), polypropylene (PP), and other (bioplastics, etc.)), distribution channel (online and offline), and end use (industrial/commercial, institutional, and residential) across seven regions.
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About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations.
With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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