In the updated edition of the drum liner market report, FMI finds growth prospects to go as high as 4.00% through 2034. As per the analysis, sales of drum liners hold a current valuation of USD 525.6 million in 2024 since they work well with steel, plastic, and fibre drums.
Different types of drum liners, like those approved for food by the EU and FDA, anti-static, and barrier foil, are expected to improve safety and make them suitable for various industries. Going by this pattern, demand is on track to upsurge and equate to a market valuation of USD 801.2 million.
Attributes | Details |
---|---|
Drum Liner Market Size (2024) | USD 525.6 million |
Forecasted Market Size (2034) | USD 801.2 million |
Projected Value CAGR (2024 to 2034) | 4.00% |
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Drum Liners Demand Booms as Industries Seek Flexible Packaging Solutions! Industries that handle dangerous materials need drum liners that follow rules and have certifications to meet safety standards. Moreover, industries like chemicals, paints, and food now look for flexible packaging solutions.
Steel, plastic, and fiber drums are common in these industries for packing liquids and ingredients. Manufacturers want to make sure the contents reach customers safely without damage or spills, so they use drum liners for extra protection. These liners offer an additional layer of protection and keep drums safe, preserving the quality of products. This makes them important for exporting products in different industries.
Drum Liners Revolutionize Reuse, Making Drums Safe for Multiple Uses! Drum liners save capital expenditure by avoiding the cost of reconditioning drums which makes them tempting to drum makers. They also reduce downtime by cutting the time to clean or replace drums.
This helps reduce waste and keeps products from getting contaminated. Utilization of drum liners is expected to reduce the carbon footprint and be cost-effective. Before, reconditioning drums were seen as necessary for safe reuse, but drum liners make them safe for multiple uses without reconditioning.
Drum Liners Transform Fiber Drums into Safe, Affordable Options! Drum liners make it easier to use fiber or corrugated drums because they solve the problem of moisture protection, which fiber drums usually lack. This saves drum manufacturers from having to line the drum with polyethylene.
Using drum liners lets consumers choose cheaper drums like fiber ones instead of metal, which saves overheads over time. Also, BPA-free drum liners are FDA-approved for food safety, which makes them a top choice for food and beverage ingredient makers.
From 2019 to 2023, the drum liner market showed very slow-paced growth, boasting a 1.60% CAGR. Using different types of packaging instead of drums and strict rules about using plastic are big reasons that slowed down the growth of the drum liner market during this period.
Drum liners are typically made of Low Density Polyethylene (LDPE) and High Density Polyethylene (HDPE). These Polyethylene-based drum liners are used for many things like food, chemicals, and solvents, but they need to be sorted correctly.
Only 8% of plastic is recycled, and the rest of it goes to landfills. Even though drum liners save money, they harm the environment because of poor recycling. This suggests that the decline in sales is directly linked to environmental factors.
People are worried about the environment, so they want packaging that is better for the planet. Many end-users nowadays prefer fiber drum linerss because they are eco-friendly to appeal their consumers.
Attributes | Quantitative Outlook |
---|---|
Drum Liner Market Value (2023) | USD 505.7 million |
Historical CAGR (2019 to 2023) | 1.60% |
The eCommerce boom has significantly altered the landscape of retail and logistics. This has led to a massive demand for safe and efficient storage and transportation solutions for various materials. This trend is likely to contribute to the positive outlook of the drum liner industry and presents several opportunities for market players.
As online retailing grows, there is a bigger need for custom packaging to keep products safe during delivery. Drum liners can be made to fit exactly what is needed, protecting items from damage, leaks, and dirt while being shipped.
Drum liners protect items from damage and are helpful for goods sensitive to the environment or needing special care. They make storing and handling easier by cutting down on cleaning drums all the time. This is very important in industries like food and medicine, where keeping products safe and in good condition is very important.
It stands to reason that investing in research and development of sustainable liners can open up new prospects. Since people care more about being eco-friendly, drum liner companies have the opportunity to make eco-friendly options. They can take advantage of this by offering recyclable, biodegradable, or compostable options. This could potentially attract eco-conscious customers and businesses.
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The Asia Pacific drum liner industry is likely to make big progress. This is because several multinational packaging companies are making huge investments in this field. On the other hand, Europe and North America are expected to grow well in this market. Food and beverage companies, as well as industrial chemicals and lubricants sectors, are rapidly using them.
Countries | Forecasted CAGR (2024 to 2034) |
---|---|
India | 6.70% |
China | 5.90% |
United Kingdom | 2.60% |
United States | 2.50% |
Sales of drum liners in India are valued to record a CAGR of 6.70% through 2034.
Adoption of drum liners in China is forecasted to inflate at a CAGR of 5.90% through 2034.
Application of drum liners in the United Kingdom is on its way to surge at a CAGR of 2.60% through 2034.
Demand for drum liners in the United States is set to make a mark with a CAGR of 2.50% through 2034.
As far as the design type of drum liner is concerned, the straight-sided liners segment is generating significant profit in 2024, which is apparent in its 50.30% drum liner market share. Similarly, the industrial chemicals and lubricants segment is performing better in terms of end use, possessing a 42.40% revenue share of the drum liner industry in 2024.
Segment | Market Share in 2024 |
---|---|
Straight-sided Liners | 50.30% |
Industrial Chemicals and Lubricants | 42.40% |
The straight-sided liners segment is becoming the primary revenue generator within the market. Dynamics backing this figure include:
The chief position in the market is held by the industrial chemicals and lubricants segment, a trend substantiated by factors such as:
Start-ups are looking at several ways to stand out in the highly competitive drum liner market. They are investing in research and development to create drum liners with enhanced durability, strength, and performance.
Many startups are focusing on eco-friendly materials for drum liners. For instance, ITP Packaging offers a wide variety of drum liners that fit steel, plastic, and fiber drums.
These liners are mainly made from polyethylene (LDPE and HDPE). However, it also offers barrier foil liners made from aluminum for ec-conscious customers. These drum liners are used for storing and shipping liquids, powders, chemicals, coatings, and food, among other things.
Some startups are offering customized drum liners tailored to specific industries or customer needs. For instance, SIG is known as a top supplier of sustainable, creative, and adaptable packaging solutions. The company provides large-scale flexible IBCs, tote liners, and drum liners to safely move liquid products, saving costs along the supply chain.
Drum liner market players employ diverse strategies to gain a competitive edge. Leading players are allocating resources to research and development to develop innovative drum liner materials and designs. Pack Tech A/S is renowned for its technologically advanced drum liners and packaging solutions for industries such as automotive and manufacturing.
Market players are providing customizable drum liners tailored to specific industries or customer requirements. ILC Dover LP is known for innovative and durable drum liner solutions, especially in industries like pharmaceuticals and chemicals. ROUNDLINER GmbH offers a range of drum liners with a focus on customization and high-quality materials, serving various sectors including food and beverage.
Top players in the industry are focusing on using eco-friendly materials and methods during production to lessen their environmental footprint and meet the increasing need for sustainable packaging solutions. Companies such as NITTEL B.V. and FRAMAPACK are known for offering eco-friendly drum liners.
The market size for drum liners is currently worth USD 525.6 million in 2024.
The drum liner market value is set to surpass USD 801.2 million by 2034.
The CAGR of the drum liner industry could be around 4.00% through 2034.
China and India are key contributors to the drum liner market as of 2024.
ILC Dover LP and NITTEL B.V. are drum liner industry leaders.
Market Size (2023) | USD 950.33 million |
---|---|
Market Size (2033) | USD 1,463.07 million |
Market CAGR (2023 to 2033) | 4.9% |
Market Size Value (2023) | USD 891 million |
---|---|
Market Size Value (2033) | USD 1,403.6 million |
Market CAGR (2023 to 2033) | 4.6% |
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