Global Drum Liner Market Expected to Grow at a CAGR of 5.3% in 2017- 2027

Posted on 2017-12-12 by Mark Hub in Retail // 0 Comments

Albany, USA, 2017-Dec-12 — /EPR Network/ —A new report added to the repository of Market Research Reports Search Engine “Drum Liner Market: North America Projected to Remain the Largest Regional Market during the Forecast Period: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)” is a comprehensive repository of information, providing market share, size, and forecast.

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Drum liners are designed to fit in drums of various capacity sizes. These are available in design types and made up of various materials. 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. These liners are often custom manufactured in various designs, with some featuring an anti-static composition. Liners minimise drum cleaning and replacement (reducing waste) and prevent product contamination.

Drivers and Restraints

Revenue of the global drum liner market is driven with growth in usage from end use sectors such as industrial chemicals, food and beverages and cosmetics and pharmaceuticals. Drum liners have an ability to adjust elasticity, which makes it a suitable choice for various types of products such as industrial chemicals, food and beverages, cosmetics and pharmaceuticals etc. Drums are used for exports of various products in multiple industries and this drives the global drum liner market. Drum liners eliminate the need of drum cleaning which could save the cost for drum users. The global market for drum liners is witnessing innovations resulting from product development activities and attractive features of drum liners such as reusability of drums and cost effectiveness.

However, increasing adoption of alternative bulk packaging solutions such as bulk containers can restrict the scope of growth of drum liners. Drum liners are of various types such as flexible, rigid and semi rigid drum liners. But compared to liners used for alternative bulk containers, drum liners require less plastic material. A common restraint observed for drum liners in various industries such as industrial chemicals is that disposal of various chemicals from chemical laboratories, hospitals, and factories can lead to fires at the sites if chemicals are mixed in one drum liner/drum only. Stringent governmental regulations in various regions are also expected to hamper revenue growth of the global drum liner market. Drum liners most commonly use HDPE and LDPE material, which is restricted as per FDA and EU regulations. Also, fluctuations in the prices of raw materials used for manufacturing drum liners results in a rise in the prices of drum liners, which can adversely impact revenue growth of the global drum liner market.

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APEJ and MEA most suitable regions for growth of the global drum liner market

Of the various regional markets, APEJ and MEA offer promising potential in the global drum liner market. APEJ is witnessing significant economic growth due to the boom in industrial packaging in various countries such as India and China. MEA 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. North America is estimated to account for 32.5% of the global drum liner market in 2017 and is estimated to decline and reach 31.3% of the global market by the end of 2027, losing 110 basis points. APEJ is expected to hold more than 20% of the global drum liner market share in 2017 and is expected to reach 24.2% by the end of 2027, registering an impressive increase of 280 basis points. The Western Europe drum liner market accounts for a significant share of the global drum liner market currently. However, this is expected to decline marginally by 120 basis points, from 27.7% in 2017 to 26.4% by the end of 2027.

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