Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 4.54 Billion | USD 10.03 Billion | CAGR at 9.34% | 2023 |
According to the report published by Zion Market Research, The Global Commodity Liners Market was valued at USD 4.54 Billion in 2023 and is predicted to reach USD 10.03 Billion by the end of 2032. The market is expected to grow with a CAGR of 9.34% during the forecast period.
This study provides an analysis of the growth drivers, growth restrictions, and influence on demand that are associated with the Global Commodity Liners Market over the time of forecasting. Additionally, it will assist in navigating and investigating the possibilities that are becoming available in the Commodity Liners Market market.
Commodity liners are used for the transportation of agricultural products, chemicals, oil, and gas in bulk, as well as for other soft, hard, and energy commodities. For commodity liners, manufacturers prefer FDA approved virgin grade polymer film.
With food, as well as the preservation of energy resources, becoming a need of the moment, it is more likely that commodity liners market growth will gain traction in the years ahead. The use of commodity liners for the storage and transportation of dry flowable products such as sand, fertilizers, and plastic granules is a key driver for global commodity liners market growth. Commodity liners are able to withstand temperatures ranging from -20 F to 180 F, which makes them suitable for myriad types of applications.
The protection of goods from external elements is boosting the use of high barrier materials in liners, which can be provided by using multiple layers in the commodity liners. The commodity liners market is expected to witness lucrative growth in the coming decade, due to the change in the usage quantity of materials due to shifting preference towards recyclable packaging. Commodity liners are also used for the purpose of transporting products that essentially do not require small packaging units, and can be covered with liners. However, the strict legislation governing the plastic used for food & beverages and agricultural products in emerging nations can adversely impact the progress of the global commodity liner market. Nevertheless, manufacturers in the commodity liners market are coming up with a wide range of options in polymers as well as bio-based materials, thereby nullifying the impacts of hindrances on the market.
The global commodity liners market can be classified based on material type and end use.
On the basis of material type, the market is segmented into polyethylene, EVOH, polypropylene, PLA, and polyamide.
Based on end use, the commodity liners market can be classified into agriculture, personal care & cosmetics, food & beverages, pharmaceuticals, chemicals & lubricants, and building & construction sectors.
Report Attributes | Report Details |
---|---|
Report Name | Commodity Liners Market Research Report |
Market Size in 2023 | USD 4.54 Billion |
Market Forecast in 2032 | USD 10.03 Billion |
Growth Rate | CAGR of 9.34% |
Number of Pages | 201 |
Key Companies Covered | Cesur Ambalaj Sanayi ve Ticaret A.S., Powertex, Inc., AGRU Kunststofftechnik GmbH, Nier Systems Inc., Parker Hannifin Corporation, Solmax International, Inc., CDF Corporation, and Greif, Inc. |
Segments Covered | By Material Type, By End-Use, and By Region |
Regions Covered | Latin America, North America, Asia Pacific, Europe, The Middle East, And Africa |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Customized purchase options are available to meet your exact research needs. Request For Customization |
Based on regions, the global commodity liners market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The commodity liners market in the Middle East & Africa is likely to gain traction over the coming years, subject to massive competition and manufacturers looking towards South Africa as a lucrative & attractive business destination. Escalating demand for safe & secure packaging in Asian countries such as India, Japan, and China is likely to magnify the growth of commodity liners market in the Asia Pacific zone. However, the North American commodity liners market is anticipated to witness sluggish growth in the foreseeable future, owing to strict legislation governing packaged products in countries such as the U.S.
Europe and Latin America are slated to be the markets with huge growth prospects and are predicted to drive the global commodity line market size in the years ahead.
Some of the key players in commodity liners market are
By Material Type
By End-Use
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