Between 2022 and 2030, the worldwide drum liners market is anticipated to expand in a comprehensive manner. By 2030, the value is expected to have increased by a CAGR of 3.9%, or US$ 688.3 Million.
The drum liner market would expand at a 3.9 percent CAGR between 2020 and 2030, predicted Future Market Insights (FMI). Several industries, including the food and beverage, automotive, and others, use drum liners. According to FMI, the demand for lubricants, chemicals, and industrial products is predicted to increase at a rate of roughly 4% during the course of the projected period. Due to COVID-19, it is anticipated that the F&B industry will expand more slowly in 2020, but demand is anticipated to gradually increase beginning in 2021.
Drum liners are specialized protective bags designed to line the interior of drums, providing a barrier between the drum and its contents. These liners are primarily used to prevent contamination, preserve product quality, and simplify the cleaning process. The Drum Liners Market has witnessed significant growth over the years, owing to the rising demand from various industries, including chemicals, pharmaceuticals, food and beverages, and more.
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The report shows that the demand for drum liners is increasing in the food and beverage industry, as well as in the pharmaceutical and chemical industries. In the food and beverage industry, drum liners are used for packing and storing liquids such as syrup, sauce, and oil. In the pharmaceutical and chemical industries, they are used for packaging and storing chemical solutions and pharmaceutical products.
Market Trends and Growth Drivers
The Drum Liners Market has experienced substantial growth in recent years, and several factors have contributed to this upward trend. Let’s explore some of the prominent market trends and growth drivers:
- Increasing Demand for Convenient Packaging Solutions: With the growing need for hassle-free packaging and transportation, the demand for drum liners has surged. These liners offer easy handling, reducing the risk of product spillage and contamination.
- Stringent Safety and Quality Regulations: Various industries, such as pharmaceuticals and chemicals, are subject to strict safety and quality regulations. Drum liners help these industries comply with the guidelines, ensuring the protection of goods and the environment.
- Rising Awareness of Hygiene Standards: In the food and beverage sector, maintaining hygiene standards is of utmost importance. Drum liners provide a hygienic storage solution, preventing any contact between the product and the drum’s interior.
- Expanding Industrial Infrastructure: As industrialization continues to grow worldwide, the need for efficient storage and transportation solutions rises. Drum liners offer a reliable method for preserving product integrity during transit.
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Market Challenges
While the Drum Liners Market has shown impressive growth, it also faces certain challenges that warrant attention. Understanding these challenges is crucial for businesses operating in the industry. Here are some notable market challenges:
- Environmental Concerns: Drum liners are typically made from plastic materials, which can contribute to environmental pollution. As sustainability becomes a priority, the market is witnessing a shift toward eco-friendly alternatives.
- Cost Factors: The cost of drum liners can be a significant factor for businesses, particularly those that require large quantities. Balancing quality and affordability is essential for market players to remain competitive.
- Compatibility Issues: Different types of drums may require specific drum liners to ensure a proper fit. This can pose challenges for manufacturers in terms of catering to diverse customer needs.
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.
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