Anticipated to undergo substantial expansion from 2022 to 2030, the global drum liners market is set to adopt a comprehensive growth strategy. Projections indicate a substantial value surge, reaching US$ 688.3 million by 2030, sustained by a consistent Compound Annual Growth Rate (CAGR) of 3.9% throughout the period. This growth is indicative of a robust market landscape, driven by factors such as increased industrial activities and a rising emphasis on efficient packaging solutions. The forecast underscores the industry’s resilience and adaptability, aligning with global trends and demands, paving the way for a lucrative market landscape in the coming years.
Offering a cost-effective alternative for drum manufacturers, drum liners eliminate the need for reconditioning drums, thereby reducing associated costs. Additionally, they contribute to decreased downtime, as less time is required for drum cleaning or replacement. This not only minimizes unnecessary waste but also serves as a preventive measure against product contamination. The anticipated reduction in the frequency of reconditioning drums due to the use of drum liners is expected to contribute to a lower carbon footprint, aligning with sustainability goals and further enhancing cost-effectiveness in the manufacturing process.
The high demand for drum liners from Japan, South Korea, India, and China positions East Asia as a lucrative market. Notably, China stands out with its substantial food & beverages sector valued at US$ 595 billion in 2019, according to the China Chain Store & Franchise Association, further emphasizing the region’s market potential.
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Key Market Drivers-
- Industrial Growth: The growth of various industries, such as chemicals, pharmaceuticals, food processing, and agriculture, drives the demand for drum liners for the safe and efficient storage and transport of liquids.
- Product Protection: Drum liners provide an additional layer of protection for the contents, preventing contamination, spillage, and damage during storage and transportation.
- Regulatory Compliance: Industries dealing with hazardous materials require compliant and certified drum liners to meet regulatory and safety standards.
- Ease of Handling: Drum liners make it easier to handle and transport liquids in drums, improving worker safety and efficiency in industrial settings.
- Waste Reduction: Drum liners reduce the need for cleaning and reconditioning drums, minimizing waste and reducing environmental impact.
- Customization: The ability to customize drum liners for specific products and applications meets unique business needs and regulatory requirements.
- Sustainability: The use of recyclable and eco-friendly materials in drum liners aligns with the growing emphasis on sustainable packaging solutions.
Key Takeaways from Drum Liners Market Report
- The demand for drum liners is expected to surge in paint, inks, and dyes segment
- Increasing production and exportation of petroleum and oils has been fuelling demand for drum liners in Asia
- The demand for flexible drums forecast to rise as demand from chemical industry increases
- Design of straight-sided liners is increasingly preferred among end users
- The demand from industrial chemicals and lubricants segment will continue surging through the forecast period
Who Is Winning?
Companies operating in the drum liners market are focusing on the usage of eco-friendly materials in drum liners in order to offer improved sustainability. For instance, Mondi, one of the prominent names in paper and packing industry, has developed one-of-its-kind sustainable polycoated kraft (PCK) paper release liner, which it plans to launch on a global scale. Mondi’s NextLiner uses recycled paper as base with coatings derived from renewable sources to leave a positive impact on environmental footprint.
Some of the key players in the market are
- Sealed Air Corporation,
- Welch Fluorocarbon Inc.,
- Sri Lakshmi Vishnu Plastics,
- Spp Poly Pack Pvt. Ltd.,
- Vestil Manufacturing Corporation,
- Bemis Company Inc.,
- CDF Corporation,
- Heritage Packaging,
- Toray Industries,
- Allied Plastics,
- Mitsubishi Chemicals,
- Berry Plastic Corporation and
- Steiner Electric Company.
Competitive Landscape
The drum liners market top players account for 10-20% of the global production. The key players operating in the market have strategic focus on geographic and product portfolio expansion to gain competitive edge by providing the customers with a wide range of products.
- ILC Dover, in September 2020, acquired UK-based Solo Containment with the objective of expanding its product portfolio (products utilized in biopharmaceutical and pharmaceutical manufacturing) along with making its presence felt in Europe.
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Key Segments Covered in Drum Liners Industry Research
Drum Liners Market by Design Type
- Straight-sided Liners
- Accordian Liners
- Combination Liners
- Others
Drum Liners Market by Drum Liner Type
- Flexible Drum Liner
- Semi Rigid Drum Liner
Drum Liners Market by End-use
- Industrial Chemicals and Lubricants
- Paints, Inks, and Dyes
- Food and Beverages
- Cosmetics and Pharmaceuticals
- Building and Construction
- Others
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