Between 2022 and 2030, the global drum liners market is anticipated to witness growth through a comprehensive approach. Projections suggest the market will reach a value of US$ 688.3 million by 2030, with a Compound Annual Growth Rate (CAGR) of 3.9% during this period. This growth trajectory reflects a strategic and integrated approach towards meeting the evolving needs of the market, driven by factors such as increasing demand for efficient packaging solutions, advancements in liner technology, and growing awareness about the benefits of drum liners in preserving and transporting various materials safely and securely.
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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Business Growth Drivers:
- Increasing Demand from End-Use Industries: Industries such as chemicals, pharmaceuticals, food and beverages, and cosmetics rely heavily on drum liners for efficient storage and transportation of their products. The growing demand from these sectors is a significant driver for market growth.
- Stringent Regulations: Environmental and safety regulations regarding the transportation and storage of hazardous materials have led to a higher adoption of drum liners. These regulations mandate the use of liners to prevent contamination and leakage, thereby driving market growth.
- Focus on Product Quality and Protection: Drum liners provide an additional layer of protection to the contents stored within drums, safeguarding them against contamination, moisture, and external elements. As companies prioritize maintaining product quality and integrity, the demand for high-quality drum liners increases.
- Advancements in Material and Design: Continuous advancements in materials and design technologies have resulted in the development of more durable, flexible, and puncture-resistant drum liners. Innovations in liner materials, such as high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE), enhance performance and drive market growth.
- Globalization and International Trade: The globalization of businesses and the expansion of international trade have increased the need for efficient packaging solutions, including drum liners. As companies strive to streamline their supply chains and reduce transportation costs, the demand for drum liners is expected to rise.
Industry Restraints:
- Environmental Concerns: While drum liners provide protection to stored materials, they also contribute to plastic waste generation. Increasing environmental concerns regarding plastic pollution and sustainability issues pose a challenge to the growth of the drum liners market.
- Cost Considerations: The cost of high-quality drum liners can be significant, especially for businesses operating on tight budgets. Cost considerations may deter some companies from adopting drum liners or encourage them to seek alternative packaging solutions.
- Limited Compatibility: Drum liners may not be compatible with all types of drums or specific applications. Compatibility issues can arise due to variations in drum sizes, shapes, and materials, limiting the market potential for drum liners in certain industries or applications.
- Competition from Alternative Packaging Solutions: Drum liners face competition from alternative packaging solutions such as intermediate bulk containers (IBCs), flexitanks, and bulk bags. These alternatives offer advantages such as higher storage capacity and lower packaging costs, posing a challenge to the growth of the drum liners market.
- Logistical Challenges: Handling and transporting drums with liners require additional care and attention to prevent damage or leakage. Logistical challenges associated with the use of drum liners, such as increased weight and bulkiness, may impact their adoption in certain industries or applications.
Key Takeaways:
- 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:
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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