Online Retail Portals are Gaining Popularity in Europe
Key manufacturers in Europe incurred huge losses due to the pandemic, with the shutting down of several stores in 2020. Europe is home to many fashion capitals that have streets full of retail outlets. The stores suffered the blow of the pandemic due to non-existent footfall in the first half of the year.However, due to the widespread adoption of e-commerce by traditional stores, the manufacturers witnessed a steady recovery in terms of sales and production. Many stores have also reopened with keeping in-store health and safety measures in check and are experiencing average footfall.
As consumers are getting comfortable with online retail portals, the retail industry is witnessing a gradual recovery with prospects for expansion in the future.
The shelf liner market is poised to expand at a value CAGR of around 5%, and is expected to create an absolute dollar opportunity of US$ 215 Mn over the forecast duration of 2020-2030. Shelf liners are used to protect underlying surfaces from damage and dirt. Rising demand for shelf liners for domestic needs and corporate houses will boost the growth of the shelf liner market during the forecast period. Increase in requisite for shelf liners in laboratories are also adding to the demand thrust in the shelf liner market.
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Due to the COVID-19 outbreak, demand for cleaning and storage has increased, and a majority of the population across the globe has inclined towards the practice of keeping surfaces clean, which includes shelves. Moreover, the population in developed countries utilizes shelves made out of expensive wood. Therefore, placing a shelf liner reduces the overall cleaning cost and preserves the shelf for a long time. Thus, he rising demand for cleaning and storage accessories has boosted the shelf liner market, and is a trend that will continue to grow over the coming years.
Key Takeaways from Shelf Liner Market Study
- By type, the meshed segment is foreseen to grow 2X than the smooth segment in 2020. On the other hand, the smooth segment will account for 2/5 of overall market share in 2020.
- By material, plastic is anticipated to grow in prominence, gaining 104 BPS over the course of the forecast duration.
- By end use, residential is projected to account for 30% of total sales in 2020 in the shelf liner market, and is anticipated to create an absolute $ opportunity of more than US$ 65 Mn during the forecast period of 2020-2030.
- The shelf liner market in East Asia is expected to grow by experiencing a value CAGR of nearly 8%, whereas, North America is projected to be valued 1.7X times than Europe, and is estimated to account for a major chunk of demand pie in the global shelf liner market by the end of the forecast period.
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Key Segments of Shelf Liner Market
Fact.MR’s study on the shelf liner market offers information divided into six key segments – type, material, adhesion, end-use, sales channel, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these important categories.
- Hotels, Restaurants, and Catering (HoReCa)
- Corporate Offices
- Educational Institutions
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- Direct Procurement
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Utensil Stores
“With the outbreak of the COVID-19 pandemic, demand for cleaning materials and accessories has increased across the globe. Thus, growing awareness regarding cleanliness and hygiene will increase the sales of shelf liners over the forecast period,” says a Fact.MR analyst.
Key Players Focusing on Stimulating Growth
The report reveals some of the prominent key players in the shelf liner market place, including Shurtape Technologies LLC, Konrad Hornschuch AG, Kittrich Corporation, Seville Classics Inc, Pro-Mart Industries Inc., Warp Bros, Macbeth Collection, Youcopia Products Inc, Drymate (RPM Inc.), and Hills Point Industries LLC, among others
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