The global EPE liner market is expected to register a market value of USD 445.75 million in 2023 and is projected to accumulate a valuation of USD 760 million by exhibiting a CAGR of 5.4% in the forecast period 2023 to 2033. The EPE Liner market registered a CAGR of 4.5% in the historical period 2018 to 2022.
EPE liners are expanded polyethylene liners which offer characteristic features like high strength, chemical resistance, flexibility, regaining of form, water and moisture resistance, non-toxic, high insulation properties, easy to handle, optimal shock absorbency properties, etc. All these properties make it a preferred packaging alternative by manufacturers for the packaging of pharmaceutical and food products.
The use of EPE liners as a food & beverage packaging material and in costume insulation, and sports equipment is further driving growth in the market. Various sectors employ these liners owing to their lightweight, low toxicity, and high flexibility properties and padding and shock-absorbing properties. In addition, the wide use of EPE liners in the packaging of pharmaceutical products as it provides chemical resistance, and impact resistance properties make it an ideal solution for pharma packaging.
Exceptional strength with the ease to handle fluctuating temperatures from 40-70 degrees, the demand is high for EPE liners from the manufacturers of pharmaceutical products which is positively influencing the growth of overall market. The easy-to-put, install, and easy-to-remove features make it an ideal solution for use in the food packaging industry. With the use of these liners, the product quality remains as it is which is one of the major driving factors for the adoption of EPE liners by manufacturers.
These liners are designed in such a way that they prevent leaks and spillage while protecting the inside content from getting contaminated. In addition, thriving growth in the food & beverage and chemical industries is anticipated to augment the demand for EPE protective liners during the forecast period. Also, with the growing need for protective and cost-effective packaging material among industries, product demand will improve at a positive rate during the assessment period.
The need for expanded polyethylene liners in the food & beverage industry is driving its usage as there is a rise in the food consumption rate. The convenience provided by these liners in ready-to-eat foods, rapid cooking, and ease of eating will most likely keep the product demand stable. Due to the increasing demand for packaging items worldwide due rising population, the demand for these liners is growing in sync with each other which is fostering growth in the market.
Region-wise, Asia Pacific is expected to lead the expanded polyethylene liner market by accounting for over 41% market share by end of the forecast period. Consumer goods, agrochemical goods, and electronics manufacturing industries in India, China, and Japan are witnessing rapid growth due to rapid industrialization, developing pharmaceutical industry, easy availability of raw materials, and inexpensive labor. These factors are anticipated to propel product demand during the forecast period.
The market in North America is poised to grow with a CAGR of 5.1% over the projected timeline. The demand for pharmaceutical drugs and medical products using EPE liner packaging has expanded as the healthcare industry in the United States has grown. Also, increasing healthcare spending and growing consumer awareness regarding safe products are supporting the expansion of the healthcare sector, which is fuelling the demand for protective EPE liners in the region.
Data Points | Key Statistics |
---|---|
Expected Market Value in 2023 | USD 445.75 million |
Projected Market Value in 2033 | USD 760 million |
Growth Rate (2023 to 2033) | 5.4% CAGR |
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Recent innovations, product launches, breakthroughs in technology, mergers, acquisitions, collaborations, and partnerships within the companies involved in manufacturing EPE Liner are anticipated to create new opportunities for market expansion during the forecast period.
Looking forward to the advancement and growth in protective packaging influences the use of EPE Liners in the packaging industry.
EPE Liners are used as container closers or cap closers in the packaging industry. The environmental effect of EPE is more than other polymers hence there is slow growth of the market globally
EPE are Expanded Polyethylene Which have many qualities such as High strength, Resistance to chemical, extremely flexible, regaining of form, resistance to water and moisture, non-toxic, high insulation properties, easy to handle, superior shock absorbency etc. all these qualities lead to drive the demand of the market.
The EPE liners is widely used in the pharmaceutical products as it chemical resistance, Good shock absorber, Extremely flexible in nature, Water and moisture resistance, and high strength and can handle temp from 40-70 degrees, due to all these properties the demand of EPE liner in the pharmaceutical markets increases the demand of EPE liner globally.
EPE Liner is also used in the food and beverages industries and hence the demand increases globally.
The EPE Polymer is not biodegradable hence is harmful to environment this reason hampers the growth of the market.
USA and Canada region dominates the market globally. The increase of expenditure in innovating new and advanced technologies in the packaging materials leads the market growth. The Existence of the well-established manufacturer in the region sustains their position to be the table topper of the industry.
The increasing support of government fund raising policies for Research and Development sector in various industries helps as a starter in the growth of the market. The environmental cause of EPE hinders the growth of the market.
Europe holds the second position in the market as the pharmaceutical market in the region is well established and the EPE liners are mostly used by the pharmaceutical industries hence boosts the growth of the market in the region. The growing of protective packaging in the region hikes the growth of the market.
Asia-Pacific is the Leading Producer of EPE Foam and the fastest Developing region globally, India, China, Japan are the Fastest developing countries in the region. The presence of the of the raw material in this region is the major factor for the growth of market.
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According to FMI analysis
are identified as the key players of the EPE liner market market.
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.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Analysis and Forecast 6.1. Product Type 6.2. Shapes 6.3. Application 7. Global Analysis and Forecast, By Product Type 7.1. 1-piece heat induction liner 7.2. Half pull tab Liner 7.3. White EPE 7.4. White Vented EPE 7.5. EPE Liner Wads 8. Global Analysis and Forecast, By Shapes 8.1. Pre-cut discs 8.2. Rolls 8.3. Ring 9. Global Analysis and Forecast, By Application 9.1. Food & Beverages industries 9.2. Packaging Industry 9.3. Pharmaceutical industry 9.4. Agro-chemical Industry 10. Global Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. Middle East and Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Product Type, Shapes, and Application for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Tri-SEAL 20.2. Captel International Private Ltd 20.3. Rhyno Flexipack 20.4. Ziling packaging 20.5. Action Pack Enterprises 20.6. Kaneka 20.7. Sonoco 20.8. Sansheng 20.9. Wuxi Huitong 20.10. Sing Home Polyfoam 20.11. B&B Cap Liners LLC
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