The global market when it comes to Expanded Polyethylene- EPE is expected to experience substantial growth in the coming years. It is all set to reach a market value of US$ 445.75 million by 2023 and will increase to US$ 760 million in the next 10 years.Â
This growth reflects a CAGR of 5.4% throughout the forecast period, right from 2023 to 2033. It is well to be noted that in the historical period from 2018 to 2022, the EPE liner market showed a worthy CAGR of 4.5%.Â
Expanded polyethylene liners, also known as EPE liners, happen to have a wide range of remarkable properties like high strength, ability to withstand chemicals, flexibility, durability, resistance when it comes to water and moisture, outstanding insulation properties, non-toxicity, simplicity in handling, and ideal shock-absorbency traits. These attributes make them the most common option for packaging different goods, particularly pharmaceuticals as well as food products.
The market growth in the case of EPE liners is driven by their use in various applications such as custom insulation, food and beverage packaging, and sports equipment. These liners are used by various industries because they happen to be lightweight, safe, highly flexible, and have shock-absorbing characteristics. Moreover, EPE liners are commonly used in pharmaceutical packaging because of their outstanding resistance to chemicals and impact-resistant properties, making them an ideal choice for the sector. This versatile material is poised for substantial development as it caters to diverse packaging requirements and contributes to its economic significance within the market.
What factors surge the demand for the EPE liner market?
Expanded Polyethylene is a versatile material known for its numerous qualities. It has high strength, great resistance to chemicals, and remarkable flexibility. Additionally, it has the capacity to return to its original form, making it extremely durable. EPE is also resistant to water and moisture, ensuring its longevity. Furthermore, it is non-toxic and offers superior insulation properties. Its ease of handling and exceptional shock absorbency further contributes to its increasing popularity in the market.
These liners can withstand temperatures ranging from 40 to 70 degrees. No wonder, as a result of these exceptional properties, the demand for EPE liners in the pharmaceutical market has been increasing globally.
The beverage and food sectors use EPE liners, which is why demand for them is rising internationally.
The US and Canadian Outlook for the EPE Liner Market
The region holds a dominant position in the global market, and its market growth is driven by increased expenditure on developing cutting-edge technologies in packaging materials. The growing support of government fundraising rules for the research and development sector across various industries is a catalyst for market growth.
