The fast-moving consumer goods (FMCG) industry is rapidly expanding across the globe and this factor is set to bring prominent growth for the global shelf liners market during the forecast period of 2024-2030. The rising trend of urbanization and the growing disposable income across a plethora of regions may lay a red carpet of growth.
The increasing preference of shelf liners for use in households is bringing expansive growth prospects for the shelf liners market. Shelf liners are made from a variety of materials such as fabric, plastic, rubber, aluminum, and paper. The use of shelf liners among diverse end-users such as laboratories, household, food service, supermarkets, institutions, and others may bring exponential growth for the shelf liners market.
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Shelf Liners Market: Competitive Insights
The competitors in the shelf liners market always try to bag the title of the best shelf liner providers. The highly fragmented shelf liners market consists of numerous players trying to garner influence. The players in the shelf liners market invest heavily in research and development activities that help them to explore novel insights. Manufacturers are trying to develop shelf liners that do not leave gum-marks on the surface while changing them. They are also trying to improve the grip of the shelf liners to assure more stability and sturdiness.
The manufacturers are also introducing fresh colors to attract maximum consumers. Mergers, acquisitions, collaborations, partnerships, and joint ventures are frequently conducted by the players in the shelf liners market for expanding their base, eventually helping to garner exponential growth. E-commerce platforms also serving as prominent growth generators in terms of distribution as people nowadays prefer online shopping instead of going to supermarkets due to the novel coronavirus outbreak.
Some well-established players in the shelf liners market are Myers Industries, Inc., Cactus Mat Manufacturing Company, Schweitzer-Mauduit International, Inc., Supracor Inc., Kittrich Corporation, and Novipax, LLC.
Shelf Liners Market: Key Trends
The overwhelming benefits help in increasing the growth rate of the shelf liners market. Using shelf liners protects the cabinets from moisture. Shelf liners also protect the cabinets against scratches. In addition, they help in enhancing the overall look and feel of the cabinets. These are some major benefits. Based on these advantages, the shelf liners market will garner expansive growth.
The COVID-19 outbreak has impacted the shelf liners market negatively to a certain extent but as relaxations are being introduced, the growth is likely to come back on track.
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Shelf Liners Market: Regional Prospects
The shelf liners market can be geographically segmented into North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific.
The shelf liners market may garner magnifying growth across North America due to the easy availability of shelf liners on online stores. Asia Pacific may also record rapid growth during the forecast period of 2024-2030 on the back of the growing revenue of shelf liners in the household segment. Supermarkets and hypermarkets segments are also generating good growth in densely populated countries like India and China.
Europe may observe moderate growth during the assessment period. Latin America and the Middle East and Africa may record stable growth.
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