Carton Liners Market: Industry Analysis and Forecast (2023-2029) by Material, Application and Region

Carton Liners Market size was valued at US$ 33.28 Bn. in 2022, and the total revenue is expected to grow by 4.9% from 2023 to 2029, reaching nearly US$ 46.53 Bn.
Carton Liners Market Overview:
Carton Liners Market report examines the market's growth drivers as well as its segments. Report includes market participants, and regional insights. This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2017-2021), statistics, infographics, & presentations are used. The report examines the Carton Liners markets, Drivers, Restraints, Opportunities, & Challenges. This Maximize report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Carton Liners market.

The rising environmental concerns worldwide have forced governments to impose stringent rules for reusing materials in the packaging industry. Carton Liners Market is expected to grow significantly during the forecast period by introducing biodegradable plastics and other materials such as aluminum. The term "Carton Liners” refers to folding cartons with a flexible liner material inside for added protection. Carton Liners are often used to preserve contents and prevent leaks within containers. Carton Liners increase cartons and boxes' reusability while also guaranteeing that filled contents are safe and secure. Because of its excellent moisture barrier properties, aluminum is one of the most extensively used liner materials.

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Market Dynamics:
Rise of Packaging in the Food Industry

With the rapidly growing population, development, and increase in per capita income, the food industry has been booming in the last decade. Due to the rise of IoT and ease of available knowledge, consumers are becoming increasingly aware of the quality of food products. The primary food players across the globe are investing heavily in research and development to increase the quality of food products. The second major part is maintaining the quality of food products and maximizing shelf life to deliver to the ever-increasing demand of the food industry.

The food packaging industry was valued at 300 Billion USD in 2020 and is expected to grow at a CAGR of 5.6 percent during the forecast period. The corrugated liners used in boxes use materials like aluminum to increase shelf life without hampering the quality of the food products. The government enforces stringent food packaging rules and regulations to maintain the quality of food products; all these factors are expected to drive Carton Liners Market positively.

Reusability of Cartons and Intolerance to Hazardous Materials

The rising environmental concerns globally have shifted focus to reusing and recycling materials used for packaging, primarily corrugated boxes, since it uses paper for production. Thus it has become paramount to find solutions to promote reusing and recycling in the packaging industry. The Carton Liners enable multiple times usage of corrugated boxes using materials such as plastic and aluminum to protect the box and the packed items, thereby increasing safety and avoiding damage.

The invention of biodegradable plastics can be a significant driver of the Carton Liners market, with notable players finding ways to modernize packaging. For instance, Key Carton Liners market companies focus on manufacturing intelligent Carton Liners with the Modified Interactive Packaging (MIP) system, notably for food packaging enabled by substantial advancements in packaging technology. These chemicals help items last longer by reducing condensation and suppressing the growth of microorganisms that cause degradation.

Carton Liners are utilized in various industries, including automotive, metal works, electrical and electronics, e-commerce, pharmaceuticals, chemicals, etc. The rise of these industries has a significant and positive impact on the Carton Liners market.
Segment Analysis:
In this report, the Carton Liners market is segmented by Material, Application, End-Use Industry, and Geographical region.

By Material, the global Carton Liners market is segmented into Polyethylene, Polystyrene, Aluminum foil, and others. In the segmentation, aluminum foil is expected to dominate the market due to its versatility and offers protection to various industries such as dried product protection for food components, polymers and resins, pharmaceuticals, and any other dry product that needs to be protected from environmental factors. The Aluminum liners operate as a barrier, keeping moisture and gases from coming into contact with things that are susceptible to them. The liner's heavy-duty construction also allows it to withstand a wide range of temperatures, giving protection for whatever journey the goods will take without the need for further precautions.

By Application, the Carton Liners market is segmented into VCI (Volatile Corrosion Inhibitors), Thermal Protection, Static Shielding / ESD Protection, Moisture and Oxygen Barrier, and Others. Volatile corrosion inhabiters prevent corrosion by aligning to a depth of 3 to 5 molecules on the metal's surface. This layer of molecules protects the charged surface from oxidation by passivating it.

By End Industry, the Carton Liners Market is divided into Food Industry, Metal Industry, Automotive Industry, Building & Construction Industry, Chemical & Fertilizers Industry, and Healthcare Industry. The Food industry is expected to dominate the market during the forecast period due to the exponential rise in demand. In 2020, Global Metal Packaging Industry was valued at 112.3 Billion US dollars, and expected to grow at growth rate of 3.9% during the forecast period.
Carton Liners Market Regional Insights:
The report contains an in-depth analysis of the Global Carton Liners Market by geographical region across North America, Asia-Pacific, South America, the Middle East, and Africa. The increasing population and globalization have made the Asia-Pacific region the fast-growing market for Carton Liners. The e-commerce industry presence, especially in developing countries of India and China, is expected to be one of the significant drivers of the carton liner market. China has the world's largest e-commerce industry, witnessing a strong growth rate of 17.2 percent in 2021. China accounts for 46.4 percent of retail sales online, most significant when compared globally, followed by the UK and South Korea.

North America is expected to grow at substantial growth rate with increasing spending power, improvement in technology, and stringent packaging guidelines. North American corrugated box packaging market stood at 38.66 Billion USD in 2021; corrugated boxes prove to be a flexible and cost-effective approach for protecting, preserving, and transporting a wide variety of products. Further, to meet stringent packaging guidelines in the food industry, major players rely on high-grade Carton Liners to protect food items. The developed countries of Europe like France, Spain are taking significant steps in reducing their carbon footprints; this is expected to promote the usage of Carton Liners in the packaging industry, stimulating demand for Carton Liners.

With growing developments in the Middle East and Africa, the Carton Liners market is projected to grow steadily.

The objective of the report is to present a comprehensive analysis of the Carton Liners Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers.

The report also helps understand the Carton Liners Market dynamics and structure by analyzing the market segments and projecting the Carton Liners Market size. Explicit representation of competitive analysis of key players by Product, rice, financial position, product portfolio, growth strategies, and regional presence in the Carton Liners Market make the report investor's guide.
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Global Carton Liners Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 33.28 Bn.


Forecast Period 2022 to 2029 CAGR:
4.9%
Market Size in 2029:
US $ 46.53 Bn.


 Segments Covered:
by Material
Polyethylene
Polystyrene
Aluminum Foil
Others


by Application
VCI (Volatile Corrosion Inhibitors)
Thermal Protection
Static Shielding / ESD Protection
Moisture and Oxygen Barrier
Others


by End-Use Industry
Food Industry
Metal Industry
Automotive Industry
Building & Construction Industry
Chemical & Fertilizers Industry
Healthcare Industry



Carton Liners Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Carton Liners Market Key Players
1. Encore Poly
2. Insulated Products Corporation
3. Plascon Group
4. Sancell
5. Alpine Packaging
6. Heritage Packaging
7. American Plastics Company
8. Protective Lining
9. Prior Packaging
10.Chantler Packages
11.Sealed Air Corporation,
12.Insulated Product Corporation
13.PAC Worldwide Corporation (PAC)
14.ULINE Inc.,
15.Thermal Shipping Solutions
16.Nortech Labs Inc.
17.Great Pacific Packaging Inc.
18.Coldkeepers LLC.
19.Polar Tech Industries, Inc.
20.Landy (Guangzhou) Plastic Products Co. Ltd.
21.Thermal Shield Ltd.
22.Reflectix Inc.

Frequently Asked Questions (FAQ)

1. What was the market size of the Carton Liners Market in 2022?
Ans The market size of the Carton Liners Market in 2022 was valued at the US $ 33.28 Bn.

2. Which region is expected to show a significant share in this industry?
Ans North American region is projected to increase and acquire a significant share in the forecasting period.

3. What is the CAGR of the Carton Liners Market in the forecast period (2023-29)?
Ans Carton Liners Market is expected to grow at a CAGR of 4.9 percent during the forecasting period.

4. Who are the key players involved in manufacturing Carton Liners Market equipment?
Ans Alpine Packaging, Heritage Packaging, American Plastics Company, and Protective Lining are the key players involved.