The box liners market size is slated to cross a valuation of US$ 400.40 million in 2023 and is predicted to hit a valuation of US$ 710.15 million by 2033. The box liners market share is estimated to expand at a CAGR of 5.9% from 2023 to 2033.
In recent years, the global retail sector has seen a dramatic change due to e-commerce’s explosive rise. Nowadays, consumers prefer the convenience of online shopping, which has raised demand for products that are shipped and delivered right to their homes. Companies are shipping more products as a result, which calls for dependable and protective packaging solutions like box liners to guarantee that goods arrive to clients in perfect shape. E-commerce expansion is projected to largely drive the market’s growth in the coming years.
For both consumers and businesses, sustainability has grown to be of the utmost importance. Due to increased awareness of packaging materials’ negative effects on the environment, consumers are turning to more environmentally friendly alternatives. For consumers and companies looking to lessen their carbon footprint, box liners produced from recycled or biodegradable materials present a greener option. The growing proliferation of sustainable packaging solutions presents lucrative growth opportunities in the market.
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Over the years, both international trade and cross-border e-commerce have seen significant expansion. Reliable and durable packaging is essential for moving goods across long distances and through a variety of distribution channels. Regardless of the length and complexity of the journey, box liners give an additional degree of security by preventing product damage during transit and guaranteeing product integrity. Increasing global trade and surging globalization are expected to bolster market growth in coming years.
Key Takeaways from Box Liners Market:
- The market expanded at a CAGR of 5.1% from 2018 to 2022.
- In 2022, the global market size stood at US$ 378 million.
- High-density Polyethylene (HDPE) is anticipated to acquire a market share of more than 31% in 2023.
- Poly-entrapment Prevention Liners (Pep Liners) are expected to thrive at a 5.3% CAGR from 2023 to 2033.
- North America is expected to possess a 17% market share in 2023.
- Europe is expected to hold 13% of the market share for the box liners market in 2023.
- Asia Pacific is expected to procure a 10% market share for the box liners market in 2023.
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Recent Developments Observed by FMI:
- Three Sixty Solar Ltd. (Three Sixty), a British Columbia-based solar energy company, will list on the NEO Exchange in August 2022. The new Three Sixty symbol is VSOL, according to NEO. To create a world powered by renewable energy, Three Sixty designs, builds, and installs vertical solar tower structures that are smaller than those made using traditional techniques. The Three Sixty Solar Towers are designed to offer cost-effective energy-efficient options for everything from modest business projects to enormous utility-scale solar farms.
- Kite Packaging launched a cutting-edge corrugated box liner that is an alternative to polystyrene and is more environmentally friendly in September 2021. This thermal lining costs less than polystyrene is entirely recyclable and regulates temperature just as well.
Box Liners Market Segmentation
By Material Type:
- HDPE
- LDPE
- LLDPE
- Others
By Product Type:
- PEP
- PEP
- PEP Jumbo Dolav
- Side Gusseted
By Thickness:
- Up to 3 Mil
- From 4 to 6 Mil
- From 6 to 8 Mil
By Region:
- North America
- Latin America
- Europe
- East Asia
- South East Asia & Oceania
- Middle East & Africa (MEA)
About Future Market Insights Inc. (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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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