iCrowd Newswire – Jul 16, 2020
Drum Liners Market size is forecast to reach $94.37 million by 2025, after growing at a CAGR of 3% during 2020-2025. A drum liner is a flexible material used for the collection, storage, disposal, and handling of garbage. They are generally made from plastic films such as polyethylene, polypropylene, polyvinylchloride, polyester, and others. In addition, it has a very wide application in the transportation and distribution of garbage.
By Product Type – Segment Analysis
Elastic drum liner segment held a significant share in drum liners market in 2019. Drum liners have an ability to adjust elasticity, which makes it a suitable choice for various types of products such as food and beverages, industrial chemicals, cosmetics and pharmaceuticals etc. Drums are used for exports of various products in multiple industries and this drives the global drum liner market. Elastic drum liners eliminate the need of drum reconditioning which could save the cost for drum users.
Round bottom liner segment is expected to show significant growth as they provide economic solution for protecting products. These liners are designed for easy installation and can be simply twisted and tied off to protect contents.
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By Material Type – Segment Analysis
Polyethylene segment held a significant share in drum liners market in 2019. Usually, drum liners are made from polyethylene, and are intended to fitting in both plastic and steel drums of a number of dimensions. It is a supple material utilized for the gathering, storing, discarding, and management of trash. Polyethylene drum liners are found in areas where industrial packaging of paints, chemicals, pharmaceutical products, and many more items are used or disposed of. Polyethylene drum liners are perfect for high-speed mixing, storing, pumping or shipping pastes, powders or liquids. The high molecular weight and high impact resistance of polyethylene makes it extremely resistant to the effects of a wide range of chemicals.
By Packaging Type – Segment Analysis
Rigid segment held a significant share in drum liners market in 2019. Drum liners are available in various types, including flexible, rigid and semi-rigid variations. These liners are often custom manufactured in various designs, with some featuring an anti-static composition. Rigid drum liners are vacuum formed and are constructed without any seams. Rigid drum liners are leak proof and are molded with a lip to hold the liner in place.
By Size – Segment Analysis
10 to 25 liters segment held a significant share in drum liners market in 2019. Drum liners are typically constructed from polyethylene, and are designed to fit in either steel or plastic drums of various sizes. Available in multiple widths, liners help minimize drum cleaning and replacement (reducing waste) and prevent product contamination. They are used for storing and shipping a variety of materials, such as liquid and raw products, and can hold from a few gallons to over 50 gallons.
By End-User – Segment Analysis
Chemicals and flammables segment held a significant share in drum liners market in 2019 growing at a CAGR of 3.15% during the forecast period. Form-fitting, heat-sealed drum liners do not fold or wrinkle, and eliminate the trapped product and have fold back liners that pull over the rim of the drum. Flexible round bottom drum liners are long enough to gather and tie at the top for quick closing and made with clear low-density polyethylene and FDA approved resins. Round bottom tie-type liners and polypropylene hot-fill liners can be filled with products such as chemicals and flammables that are up to 300 degrees. Round bottom CR (chemical-resistant) liners have a multi-layer nylon-barrier construction that can withstand many chemicals and attack standard polyethylene liners.
The surging COVID-19 (Coronavirus) is anticipated to have a long-term impact on the drum liners market. Hence, companies in the drum liners market are increasing efforts to get a hands-on for the resources they can capitalize on to minimize the impending consequences of COVID-19.
Geography- Segment Analysis
Asia Pacific dominated the drum liners market with a share of more than 39%, followed by North America and Europe. Increasing disposable income and purchasing power of consumers in Asia Pacific are expected to lead to increasing demand for convenient and cost-effective carry bags. Asia Pacific has witnessed relatively good growth over the years due to large production and export of petroleum and oils, which ultimately leads to increase in demand for drum liners across the region. However, many multinational packaging companies are ramping up their investments in Asia Pacific to tap the growing needs of supermarkets and hypermarkets in the region and government support towards boosting manufacturing ecosystem.
Drivers – Drum Liners Market
Increasing demand from end use industries
Drum liners have the capability to change elasticity due to which drum liners market is motivated by the way of development in usage from the division of end user businesses like pharmaceuticals & cosmetics, industrial chemicals and food & beverages. Drums are utilized for transfers of a number of products in various businesses and this motivates the global market for drum liner. These liners abolish the necessity of cleaning of the drum that possibly will save the price for drum handlers. The global market for drum liner is observing improvements happening due to the actions of product improvement and eye-catching structures of drum liner for example price effectiveness and the reusability of drums.
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Challenges – Drum Liners Market
Strict rules from government
Strict rules by the government in several states are likely to obstruct the development of the global market for drum liners. Frequently the drum liners use LDPE and HDPE material. According to EU guidelines and FDA, usage of it is restricted. Similarly, variations in the charges of raw materials, utilized for the production of the liners, outcomes in a growth in the prices of the liners. This is expected to hinder the drum liners market.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the drum liners market. Major players 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.
Drum liners are typically constructed from polyethylene, and are designed to fit in either plastic or steel drums of various sizes.
The increasing demand for flexible packaging is expected to drive the drum liners market.
Attractive features of drum liners such as reusability of drums and cost effectiveness is expected to drive the drum liners market.
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