The global box liners market is anticipated to reach a value pool of USD 400.40 million by the end of 2023. As a result of advancements in seaborne transportation, the global boom of transportation and related activities has expanded the use of box liners.
This is generating demand for bulk packaging solutions like box liners. Owing to this factor, the worldwide box liners market is forecasted to thrive at a CAGR of 5.9% to exceed USD 710.15 million by 2033.
| Attributes | Details |
|---|---|
| Box Liners Market Share (2022) | USD 378 million |
| Box Liners Market Share (2023) | USD 400.40 million |
| Box Liners Market Share (2033) | USD 710.15 million |
| Box Liners Market Share (2023 to 2033) | 5.9% |
Global trade is rapidly expanding, necessitating safe transportation for the majority of entities involved in transportation and logistics. This has resulted in greater use of box liners, which are now popular for the safe transportation of goods.
The rise in bulk commodity trade, as well as the need for protective packaging solutions, is driving market growth. The market for box liners is being driven by rising demand for cost-effective, light packaging that is also durable. The chemical industry's expansion, as well as the ability of box liners to prevent leaks and transport chemicals, fine products, and sensitive products, drives the market.
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The global demand for box liners is projected to increase at a CAGR of 5.9% during the forecast period between 2023 and 2033, reaching a total of USD 710.15 million in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 5.1%.
Cleaning and repackaging containers is an expensive process. Shipping firms are removing these expenses by using box liners, which is the primary driver driving up demand. The shipping line's operating revenue improves as soon as the shipping container is ready to ship again. Given this, the use of cost-effective packaging solutions, such as box liners, will continue to grow globally.
The global increase in the number of manufacturing industries is expanding international commerce of products from one region of the world to another. Furthermore, the growing need for international commerce leads to a growth in the usage of protective packaging solutions, such as box liners, which are the preferred option of shippers and manufacturers worldwide.
An increase in demand for items manufactured in one part of the world and exported to other parts of the world is also contributing to the market expansion of box liners.
Increasing Demand for Box Liners across End-Use Industries to Drive the Market Growth
Consumption of box liners is increasing significantly in the electronic industry, processed food industry, consumer durables, vegetables, fruits, and so on. The shift in consumer behavior around the world is driving up demand for packaging.
The market opportunity is expected to grow in tandem with rising demand. The global packaging market is expected to grow steadily. The box packaging market is a stable component of the manufacturing sector. A new trend in the global box liners market is the provision of tailored box liners with dimensions and colors as specified by the customer.
Plastic box liners with barrier properties are used. Box liners are inserted into boxes during the packaging of goods to prevent spillage of liquid products such as oils, inks, dyes, and so on. Box liners are used to keep raw materials from coming into contact with the container and causing harm to the product while it is being transported, processed, and stored.
Box liners are used to transport goods to their final destination. Furthermore, box liners keep the products hygienic, fresh, and clean for an extended period. Food ingredients, powders, fruits and vegetables, meat, electronic components and semi-liquids, processed cheese, and fondant sugar can all be stored in box liners.
Box liners are convenient and simple to transport, which benefits manufacturers and distributors. Box liners are also intended to keep the excessive amount of processing material clean.
Box liners can be used for various types of boxes, whether it is corrugated boxes or plastic boxes. Box liners will keep the product consistent in all weather conditions, and it will not be affected by humidity or extreme heat and cold. High-density polyethylene liners are in high demand in the box liners market because they provide good strength for a comparable thickness to other plastic liners.
In the fresh food industry, box liners are widely used. Some products, such as bread, frozen food, small parts, electronic components, plastics, and so on, typically require box liners. Because the manufacturing cost of such packaging is low, suppliers will profit from it.
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Stringent Environmental Legislations on Plastic Use May Limit Sales
Growing awareness of the negative impacts of utilizing plastic products as a result of environmental legislation may limit sales. These are the primary market restrictions for box liners. However, challenges with the disposal of box liner debris are projected to stymie industry expansion.
High-density polyethylene (HDPE) to Gain Traction among Box Liners Manufacturers
According to material type, High-density polyethylene (HDPE) will have a market share of more than 31% in 2023 and will continue to be a significant sustainable material type for making box liners during the anticipated period.
Its recyclability, along with its outstanding chemical and UV resistance, makes it the finest choice for producing box liners. Thus, by material type, high-density polyethylene (HDPE) is expected to grow at a CAGR of 5% in the sales indicator period 2023 to 2033.
PEP Liners to Remain Highly Sought After Product Type in the Box Liners Market
A variety of variables drive demand for poly-entrapment prevention liners (pep liners). Continuous research and development in manufacturing technologies are driving the demand for this segment. The economy is critical to market development.
The use of poly-entrapment prevention liners (pep liners) in the food and beverage sector is likely to develop throughout the projection period. Packaging material innovations and new product releases are significantly driving the global box liners market. Thus, by product type, poly-entrapment prevention liners (pep liners) are expected to thrive at a 5.3% CAGR in the forecast period 2023 to 2033.
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Need for Bulk Packaging Solutions Creating Opportunities for Box Liners Manufacturers
According to Future Market Insights, North America is currently the most appealing market over the anticipated time. According to the research, the United States will control more than 85% of the North American market by 2033.
Section 416 of the Food and Drug Administration (FDA) requires the transporter or shipper to guarantee that food or food products are not carried in conditions that may cause the food to spoil. These safety rules are expected to improve the market in the United States for bulk packaging solutions such as box liners.
The United States maintains one of the world's largest pharmaceutical marketplaces, making it a major supplier of pharmaceutical medications and chemicals worldwide. The box liner is the most popular alternative for moving bulk pharmaceutical freight throughout the world, resulting in favorable growth for global box liners.
Due to the aforementioned reasons, North America is expected to possess a 17% market share in 2023, registering a CAGR of 5.6% for the Box Liners market in the assessment period 2023 to 2033.
Rapid Infrastructure Development favoring the market growth
Over the projected period, the box liner market in Europe is estimated to develop at a stable CAGR. As a consequence of the region's rapid infrastructure development, the building and construction sector will see exponential growth of more than 5% over the next decade.
According to the report, the United Kingdom is a prominent market contributing to the growth of the European box liner industry in the future decade. Furthermore, the presence of several of the region's biggest players is offering attractive chances for expansion. Thus, Europe is expected to hold 13% of the market share for the box liners market in 2023.
A Growing Packaging Industry Fuelling Rapid Adoption
During the projection period, the Asia-Pacific region is expected to lead the market, owing mostly to the growing packaging industry. Furthermore, Asia-Pacific is predicted to see the largest rise in demand for box liners.
In China, for example, demand for box liners is primarily driven by the automotive and medical sectors. The demand for box liners is predicted to rise over the forecast period due to increased investment in the country's automotive, medical, and packaging industries. Thus, Asia Pacific is expected to procure a 10% market share for the box liners market in 2023.
Post-consumer recycled plastic is plastic that has been produced into a product, consumed, discarded, collected, cleaned, reprocessed, and transformed into something new. Current recycling processes do not allow for the recycling of all forms of plastics.
Start-ups are inventing various methods to break down plastics of all sorts so that they do not end up in landfills or the seas.
Champion Plastics, Thrace Group, Danapoly Inc., Shagoon Packaging, Synthetic Packers Pvt Ltd, Galaxy Packsol Pvt Ltd, Neo Corp International Limited, and Duropac are some prominent box liners manufacturers.
Recent Developments in the Box Liners Market
| Attributes | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South East Asia & Oceania; Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Material Type, Product Type, Thickness, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is expected to thrive at a 5.9% CAGR through 2033.
In 2023, the market is predicted to be worth USD 400.40 million.
By 2033, the market is estimated to attain USD 710.15 million.
Box liners are in rising demand amid end-use industries, accelerating market growth.
High-density polyethylene (HDPE) may possess a 31% market share by material type in 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 5.1. HDPE 5.2. LDPE 5.3. LLDPE 5.4. Other Material 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 6.1. PEP 6.2. PEP Jumbo Dolav 6.3. Side Gusseted 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Thickness 7.1. Up to 3 Mil 7.2. 3 to 6 Mil 7.3. 6 to 8 Mil 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Champion Plastics 18.2. Thrace Group 18.3. Danapoly Inc. 18.4. Shagoon Packaging 18.5. Synthetic Packers Pvt. Ltd 18.6. Galaxy Packsol Pvt. Ltd 18.7. Thermal Packaging Solutions 18.8. Duropac 18.9. Reflectix Inc. 18.10. Neo Corp International Limited 19. Assumptions & Acronyms Used 20. Research Methodology
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Box Liners Market
