About the Report
The drum liners market will continue gaining momentum in response to the rising demand from the adhesives industry. While growth projections by Future Market Insights (FMI) remains positive, temporary period of lull is inevitable due to supply-chain disruptions witnessed across key end-use industries such as industrial chemicals and lubricants, food & beverages, cosmetics, and others during COVID-19. The report studies the market’s growth trajectory especially as economies set on path of recover post extended period of lockdown.
Drum liners are meant for storing and transporting materials such as liquid and raw products. They fit in drums of different capacities and help in preparing, mixing, and processing of liquids, pastes, and powders. They reduce drum cleaning costs and its replacement and in turn, aid in reducing waste.
Drum liners also act as a barrier and prevent product contamination. As a result, they are witnessing rising demand in various end-use industries such as food and beverages, industrial chemicals and lubricants, paints, inks and dyes, and others.
The rising use of reusable and environment-friendly plastic is expected to create lucrative opportunities for the drum liners market. In October 2020, the U.S. Department of Energy (DOE) announced funding of over US$ 27 million for 12 intended to support the development of advanced technologies for plastic recycling. Such initiatives are likely to create an environment conducive to the growth of the market.
Furthermore, demand is expected to rise in response to the expansion of the adhesives industry. According to Future Market Insights (FMI), the industrial adhesives market is forecast to rise at above 4% CAGR between 2020 and 2030, which will continue presenting lucrative prospects for drum liners producers. In its new study, FMI has projected the drum liners market to grow at a CAGR of 3.9% during the forecast period.
Growing Construction and Adhesives Industries Boosting growth
Demand for adhesives is set to increase in response to the rising investment in construction, particularly in emerging economies such as China and India. For instance, in China, the National Development and Reform Commission (NRDC) approved 189 fixed-asset investment projects in 2018 across energy, transport, and water infrastructure sectors.
Building and construction sector is among the key end users of drum liners. According to FMI, despite sluggish return from the segment, which is expected to continue until 2021, growth prospects during the forecast period will remain positive. Exhibiting a CAGR of 3%, the building and construction segment will continue exhibiting demand for drum liners through the forecast period.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Flexible Packaging Trends Favoring Growth
Drum liners are increasingly used in flexible packaging. Flexible packaging solutions are widely adopted across various industries, which is expected to fuel demand for drum liners in the coming years.
According to Flexible Packaging Association’s (FPA) 2020 Report on the Flexible Packaging Industry, flexible packaging sales recorded in the U.S. stood at nearly US$ 33.6 Bn in 2019. This included packaging for retail and institutional food and non-food, industrial materials, medical and pharmaceuticals, retail shopping bags, wraps, trash bags, consumer shopping bags, and others.
The industry has expanded steadily over the last two decades, with only two exceptions, once during downturn due to 9/11 terrorist attacks and other in “Great Recession” of 2009. The organization maintains positive outlook for flexible packaging in 2020 and this is expected to remain a chief growth driver of the drum liners market.
As an increasing number of companies are adopting flexible packaging solutions, they are discovering the versatility of drum liners. These are primarily preferred in flexible packaging due to their durability and superior solvent resistance.
COVID-19 Results in Reduced Growth
The ongoing COVID-19 pandemic has created several challenges for the drum liners market. During the initial phases of the pandemic, governments across the globe imposed several transportation restrictions to prevent the spread of the coronavirus disease. As a result, manufacturers of the drum liner market faced a shortage of raw material. This significantly hampered manufacturing activities across the market.
Besides these, the market registered declining demand due to disruptions witnessed across end-use industries. Since the market depends massively on the construction sector, disruptions witnessed in the industry resulted in decelerating demand for drum liners. However, with governments taking initiatives to boost the construction sector, the market is expected to recover during the forecast period. For instance, in India, the mega investments lined up in the National Infrastructure Plan and Affordable Rental Housing Complex (ARHC) scheme are projected to uplift the sector from losses produced by the pandemic. Such investments and schemes will support recovery of construction sector, in turn driving the drum liners market during the forecast period.
Players in the market are witnessing an increasing adoption of alternative bulk packaging solutions such as bulk containers. Also, some raw materials used for making drum liners, including low density polyethylene (LDPE) and high-density polyethylene (HDPE) are restricted as per European Union (EU) and Food and Drug Administration (FDA) regulations. This hinders the widespread uptake of drum liners. Besides this, fluctuating cost of raw materials can hamper the overall growth of the market.
North America Drum Liners Market
North America holds the largest share in the market for drum liners. The region is forecast to maintain the lead through the assessment period which is primarily attributable to the growing demand for drum liners from the industrial chemicals and lubricants and food and beverages (F&B) segments.
However, FMI has forecast the demand in the industrial chemicals and lubricants segment to rise at a higher pace than the F&B sector in North America over the forecast period.
Europe Drum Liners Market
Europe is an attractive market for drum liners. While COVID-19 resulted in sluggish demand, outlook remains positive especially in response to the renewed interest of home builders towards construction projects. Barratt, which is one of Britain’s leading house builders has reportedly said that its sales increased after lockdown was lifted, boosted by government’s stamp duty.
Favorable growth witnessed in the region’s construction sector presents a positive environment for the expansion of the drum liners market in Europe.
East Asia Drum Liners Market
East Asia is a lucrative market for drum liners. The rising demand from China, Japan, and South Korea will support expansion in Asia Pacific. Following a temporary period of lull, the food and beverages sector in China is picking up, which is expected to bode well for the drum liners market.
According to the China Chain Store & Franchise Association, the F&B sector in China reached US$595 Bn in 2019. The International Monetary Fund has predicted that the Chinese economy will rise by 1.9% this year, making it the only economy in G20 to register a positive growth.
Data presented showcases positive environment for the growth of the industry. This will in turn create lucrative prospects for the expansion of the drum linere market in China.
Flexible Drum Liner Leads Market
According to FMI, by drum liner type, the flexible drum liner segment is forecast to lead the market during the assessment period. This is mainly attributable to the increasing demand for flexible drum liners from the chemical industry.
Besides the flexible drum segment, the semi rigid drum liner segment is expected to rise with a notable growth rate. Growth registered in both segments will be affected during COVID-19, finds FMI in the study. While recovery is on cards, FMI projects growth exhibited by the semi rigid drum liner segment to be higher.
Straight-Sided Liners Remains Lead
Based on design type, the straight-sided liners segment is currently leading the market. This segment is expected to remain lead during the forecast period. However, the accordian liners segment is forecast to register growth at a higher rate over the forecast period.
Industrial Chemicals and Lubricants Dominates by End Use
Based on end use, the industrial chemicals and lubricants segment is dominating the market. Growth witnessed in this segment is attributable to the rising demand for industrial lubricants primarily from construction sector. Growth of the residential sector in China and infrastructural development in India are some of the keys factor accountable for the growth of segment.
In the Union Budget of 2020-21, the government of India has allocated a whopping US$ 24.27 billion towards the development of transport infrastructure. This data represents rising construction activities within the country, which will in turn fuel the demand for drum liners.
Consequently, this is leading to the growth of the drum liners market.
The global drum liners market is extremely competitive. The presence of big and small retailers and growing consumer inclination for using cheap local products has rendered the market fragmented.
Consequently, established players in the market are focusing on strategies such as mergers and acquisitions, and increasing research and development (R&D) investments to expand their footprint and enhance their product portfolios.
For instance, in September 2020, ILC Dover acquired Solo Containment, a leading UK-based manufacturer of products that are utilized in pharmaceutical and biopharmaceutical manufacturing. With this acquisition, the company will be able to show its active presence in the market in Europe and will also enhance its product portfolio.
In 2018, IMPAK unveiled its range of foil drum liners to help improve shelf-life of packaged goods, while protecting them from contaminants. In addition to enhancing barrier properties, these liners reportedly offer greater tensile strength.
Some of the leading players operating in the drum liners market include
- Safe pack Industries Ltd.
- Nittel Halle GmbH
- ILC Dover
- Chem-tainer Industries, Inc.
- Round liner Umweltfreundliche Verpackungen GmbH
- International Plastics Inc.Fujimori Kogyo Co., Ltd.
- CDF Corporation
- International Plastics Inc.
- Fujimori Kogyo Co., Ltd.
- CDF Corporation
The list is only indicative – a full list of drum liners market key players is available upon request
Drum Liners Market Report: Scope
Historical Data Available for
Growth Rate (2020-2030)
US$ Mn for Market Value and ‘000 Units for Market Volume
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa, Oceania
Key Segments Covered
Drum Liner Type, Design Type, End Use
Key Companies Profiled
Safe pack Industries Ltd., Nittel Halle GmbH, ILC Dover, LP, Chem-tainer Industries, Inc., Round liner Umweltfreundliche Verpackungen GmbH, International Plastics Inc., Fujimori Kogyo Co., Ltd., CDF Corporation, International Plastics Inc., Fujimori Kogyo Co., Ltd., CDF Corporation
Market Forecast, Competitive Landscape, Country-wise and Category-wise Insights, COVID-19 Impacts, Key Trends, Key Challenges
Customization & Pricing
Key Questions Answered by the Report
- At what rate the drum liners market is forecast to grow?
According to FMI, the market is expected to rise at 3.9 % CAGR between 2020 and 2030.
- Which is the largest market for drum liners?
North America is the leading market. Growth registered in the region is driven by growing demand for drum liners from the industrial chemicals and lubricants and food and beverages segments.
- Which are the top companies in the drum liners market?
Some of the leading companies operating in the drum liners market are Safe pack Industries Ltd., Nittel Halle GmbH, ILC Dover, LP, Chem-tainer Industries, Inc., Round liner Umweltfreundliche Verpackungen GmbH, International Plastics Inc., Fujimori Kogyo Co., Ltd., CDF Corporation, International Plastics Inc., Fujimori Kogyo Co., Ltd., and CDF Corporation among others.
- What is the outlook on the drum liners market?
Owing to a fall in demand from end use industries, growth in the drum liners market is hampered during COVID-19 pandemic. Besides this, restrictions imposed by governments across the world are worsening the situation.
- Which is the more preferred drum liner type in the drum liners market?
According to FMI, the flexible drum liner segment is forecast to lead the market during the assessment period. This is mainly attributable to the increasing demand for flexible drum liners from the chemical industry.
- What are key factors driving the drum liners market?
The market will be driven by the rising demand for drum liners from the adhesives industry. Besides, the construction sector, particularly of emerging economies such as India and China, will also support the growth of the market. Furthermore, the rising prevalence of reusable and environmentally friendly plastic will create various lucrative opportunities for the players operating in the drum liners market.
Enquiry before Buying
- Is this research conducted by Future Market Insights?
Yes, the report on the drum liners market has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
- What research methodology is followed by FMI?
FMI follows a methodology that encompasses demand-side assessment of the market and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request detailed methodology.
- Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.
- What are the sources of secondary research?
FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
- Is a sample of this report available for evaluation?
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- Straight-sided Liners
- Accordian Liners
- Combination Liners
Drum Liner Type
- Flexible Drum Liner
- Semi Rigid Drum Liner
- Industrial Chemicals and Lubricants
- Paints, Inks, and Dyes
- Food and Beverages
- Cosmetics and Pharmaceuticals
- Building and Construction
- North America - U.S., Canada
- Latin America - Mexico, Argentina, Rest of Latin America
- Europe – Germany, Italy, France, U.K., Spain, BENELUX, Nordics, Poland, Russia, Rest of Europe
- Middle East and Africa – GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA
- East Asia - China, Japan, South Korea
- South Asia - India, Thailand, Malaysia, Indonesia, Rest of South
- Oceania – Australia, New Zealand