The liner bag market size expects a considerable valuation bump, from USD 752.7 million in 2024 to USD 963.5 million in 2034. The updated report points to a 2.50% CAGR from 2024 to 2034. That is a slight rise from the earlier CAGR of 2.10% observed between 2019 and 2023.
Attributes | Details |
---|---|
Liner Bag Market Size, 2023 | USD 730.8 million |
Liner Bag Market Size, 2024 | USD 752.7 million |
Liner Bag Market Size, 2034 | USD 963.5 million |
Value CAGR (2024 to 2034) | 2.50% |
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Importance of Sustainability Rises as the Way Forward
People and businesses are getting worried about the environment. They want packaging that doesn’t hurt the plant. As such, they are gravitating toward liner bags that are good for the environment.
These bags made from recyclable, biodegradable plastics, and compostable materials are a good choice. These bags help by using fewer resources that can’t be replaced. They reduce pollution and fulfill the need for sustainable products. The market is therefore driven by what consumers want. It also needs to comply with environmental rules.
Given this need, Sacma launched Gaia bags in January 2024. The company expanded its B.Life range with B.life Gaia. It is a new renewable and compostable alternative to packing hot products. The NatureFlex heat sealable inner layers ensure there are no leaks from the bags.
More Consumers Shop through E-commerce and Boost Demand
About 20.1% of retail purchase are expected to place online in 2024. Online shopping is quickly growing, changing how stores work. Stores need packaging that works well for selling things online. Liner bags are important in e-commerce because they are lightweight and cheap.
This affordability factor increases the demand for liner bags in online shopping experiences. Companies will need modifications in their liner bags offerings as more people shop online. Investing in robust packaging solutions can ensure sustained growth.
Reusable and Returnable Liner Bags Can be the Go-to-Choice
More people are trying to reduce waste and make things more circular. Embracing circular economy concepts, people are becoming interested in returnable and reusable liner bags. These bags are made from durable materials like nylon or polypropylene. They offer a sustainable alternative to single-use packaging.
This can help businesses make less waste and save costs in the long run. Businesses can improve their closed-loop system by returnable liner programs. This can further help in boosting supply chain efficiency.
Like, Tesco launched a reusable packaging return scheme in September 2021. It was launched in a partnership with Loop. The reusable range of 88 products includes brands like Tetley Tea, Brew Dog, Caerx, and others.
Segment | Polyethylene (Material) |
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Value Share (2024) | 62.70% |
The polyethylene segment captured the top liner bag market shares in 2024. Polyethene liner bags offer a balance between performance and cost. They are relatively cheaper than bioplastics and other materials. This makes it an attractive option for various businesses.
It can be manufactured in different forms like HDPE, LLDPE, and LDPE. Each form is suitable for different packaging applications in various industries. It can be recycled, which aids in sustainability goals. Polyethylene liner bags reduce the likelihood of returns or waste. These factors boost their adoption in the market.
Segment | Industrial/Commercial (End User) |
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Value Share (2024) | 54.80% |
The industrial/commercial segment holds the leading market share in 2024. Globalization of trade is causing a higher demand for liner bags and other packaging solutions. Increasing focus on product safety and protection is aiding this trend. Industries like automotive, electronics, pharmaceuticals, and manufacturing need to safeguard their products from external environmental factors. As such, liner bags are being demanded for industrial/commercial end-use.
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Countries | Value CAGR (2024 to 2034) |
---|---|
United States | 1.50% |
Germany | 1.30% |
Japan | 1.00% |
India | 4.60% |
Thailand | 3.20% |
The demand for these bags in the United States is estimated at a 1.50% CAGR till 2034. more American companies are using eco-friendly packaging, like liner bags, because people want it and rules are pushing for it. They're using materials that break down easily to help the environment and make their brand look good.
Also, because people are always on the move, there's a bigger demand for easy-to-use packaging, like liner bags, that fits busy lifestyles. With more people buying online, businesses need bags that keep things safe during shipping, like with seals and labels. Technology is helping make these bags look better and work well too.
Berry Global Inc. and Sealed Air Corporation are located in the United States. They focus on growth by acquisitions and using their global presence. They emphasize developing advanced packaging solutions using eco-friendly materials.
The sales of liner bags in Germany will rise at a 1.30% CAGR until 2034. Germany also cares a lot about reducing waste and reusing things. So, there's a growing demand for these bags that can be recycled or used again.
German people want products that are good quality and trustworthy. So, businesses use good liner bags to keep their products safe and make people trust them. With lots of manufacturing and exporting, German companies need good packaging, like liner bags, to keep their products safe during shipping.
Mondi Group and Smurtfit Kappa Group are essential to Germany. These companies focus on vertical integration and heavily invest in research and development. They also offer value-added services for more consumer satisfaction and loyalty.
Liner bag market growth in Japan is estimated at a 1.00% CAGR till 2034. In Japan, people are getting older, so they showing a preference for easy-to-use packaging solutions. Also, Japanese people like cleanliness and hygiene. As such, they want packaging that can keep products clean and safe.
Additionally, more people are living alone or in small families, so they like packaging that's just the right fit for them. Japan is also good at using technology, so companies are using advanced machinery to make liner bags efficiently.
Dai Nippon Printing Co. Ltd. (DNP) and Toppan Printing Co. Ltd. are prominent in Japan. These companies focus on diversification and technological innovation. They use their expertise in printing and packaging to serve global industries.
Liner bag demand in India will increase at a 4.60% CAGR through 2034. In India, many people shop online using the internet. This means there's a big need for packaging, like liner bags you get with deliveries. Also, in crowded cities, people want easy-to-use packaging, and liner bags are great for that.
The government helps farmers and food makers, so they use more liner bags to keep food fresh during delivery. And because lots of new small businesses are starting, they need cheap packaging, and liner bags fit the bill. Different areas in India have different tastes, so people like customized packaging that suits them.
Uflex Limited and Polyplex Corporation Limited are important in India. These companies use a customer-centric approach. They focus on vertical integration and capacity expansion.
Liner bag sales in Thailand will surge at a 3.20% CAGR till 2034. In Thailand, more tourists mean hotels and restaurants need more packaging, like liner bags. Also, with new big stores opening, there's more need for these bags for packaging in supermarkets and shops. The government is helping factories and businesses sell more stuff overseas, so they need more packaging like liner bags too. As more people move to cities, they need easier packaging, and liner bags are perfect for that.
SCG Packaging Public Company Limited is integral in Thailand. The company pursues growth using innovation and sustainability. It has a strong distribution network that serves local and international markets.
The market is fiercely competitive, with Berry Global Inc., Amcor plc, and Mondi Group leading. There are also smaller specialist suppliers that focus on particular sectors. Innovation is critical for differentiating products and market trends. Strategic alliances and acquisitions are traditional ways to broaden market reach and capabilities.
Recent Developments
The industry is valued at USD 752.7 million in 2024.
The market is estimated to increase at a 2.50% CAGR through 2034.
The market is expected to be worth USD 963.5 million by 2034.
Polyethylene (PE) is highly preferred in the market.
The market in India is predicted to expand at a 4.60% CAGR through 2034.
Market Size (2024) | USD 525.6 million |
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Forecasted Market Size (2034) | USD 801.2 million |
Projected Value CAGR (2024 to 2034) | 4.00% |
Market Estimated Size in 2023 | USD 34.1 billion |
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Projected Market Value in 2033 | USD 50.3 billion |
Value-based CAGR from 2023 to 2033 | 3.90% |
Market Share (2023) | USD 400.40 million |
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Market Share (2033) | USD 710.15 million |
Market Share (2023 to 2033) | 5.9% |
Expected Market Value (2022) | USD 2,196.1 Million |
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Projected Forecast Value (2032) | USD 3,645.9 Million |
Anticipated CAGR (2022 to 2032) | 5.2% |
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