NEWARK, DE / ACCESSWIRE / February 15, 2023 / According to Future Market Insights (FMI), the silicone release liners market is expected to increase positively through 2023, with worldwide sales increasing by 5.1% year-over-year. In 2023, the silicone release liners market is likely to generate a total of US$ 1.39 billion in sales. Between 2023 and 2033, the demand is expected to grow at a 7.7% CAGR, according to FMI. By 2033, the market is anticipated to exceed US$ 2.93 billion.
The desire for better labeling from the end-user sector is propelling the global silicone release liners market. Furthermore, the need for higher-quality packaging is expected to increase as investment in the food and pharmaceutical industries rises. As the population grows and trade between countries expands, there is likely to be a great need for high-quality packaging and labeling. This is expected to drive up demand for release liner goods globally.
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Given the high level of customer preference for organic release liners, there is a growing demand for silicone release liners from the food packaging sector. This is boosting manufacturing capacity by companies. Growing consumer preference for sustainable products as a result of environmental concerns and expanding health consciousness in society worldwide is also expected to push the market expansion during the forecast period.
The rising demand for fast food is the main reason driving growth in the global silicone release liner market. Additionally, the market has seen a rise in the introduction of new products and an expansion of their application in the automobile sector.
To compete in the market, regional businesses have also to a certain degree raised their output. Industrial coating organizations manufacture release compounds, offering special alternatives to their customers based on a wide range of substrates utilized to produce silicone release liners.
North America is expected to hold a significant share geographically than other regions in terms of revenue. The main factor for this increase is the high usage rate in packaging applications like label adhesive tape.
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The top manufacturers of the silicone release liners market are Loparex LLC, UPM Raflatac, Mondi plc, Mitsubishi Chemical America, Inc., Siliconature Spa, Avery Dennison Corporation, 3M Company, Gascogne Group, Rayven, Inc., Felix Schoeller Group, Jindal Poly Films Limited, and others.
These businesses have employed an assortment of tactics to surpass their competitors. They place a high priority on innovation, increasing productivity and quality, offering high-quality customer service, putting in place cost-saving initiatives, distinguishing their goods and services, and forging a strong sense of brand recognition. They have grown their customer base and income by introducing new products, making acquisitions, forging alliances, reorganizing their companies, and cooperating.
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1. Executive Summary | Silicone Release Liners Market
3.5.1. Supply Side Participants and their Roles
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer's
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