Market Trends of Drum Liners Industry
Chemicals and Flammables is the Fastest Growing Segment
Drum liners cater to a diverse range of end users across various industries. In manufacturing, these liners find application in storing chemicals, pharmaceuticals, food products, and waste materials, reflecting their versatile utility. However, drum liners play a crucial role in liquid chemical packaging by providing a protective barrier within drums, shielding the stored chemicals from the container. Primarily catering to the chemical industry, these liners snugly fit inside drums. The escalating demand for chemicals, propelled by robust packaging needs in the pharmaceutical and food sectors, drives the requirement for drum liners.
A key driver of the drum liner market is the expansion in chemical warehousing and storage. More than 45% of the global chemical warehousing and storage market is contributed by countries like the United States, China, South Korea, Japan, and Saudi Arabia. This upsurge is a direct result of the rise in demand for chemicals and the imperative need for secure, efficient packaging solutions across diverse industrial sectors. As chemical warehousing and storage continue to witness substantial growth worldwide, the drum liner market is anticipated to experience a corresponding surge, meeting the escalating demands of these industries for reliable and protective packaging solutions. The drum liners are required for the export activity of chemicals and flammable items such as petroleum.
Asia-Pacific is the Fastest Growing Market
The Asia-Pacific region is witnessing a robust surge in the drum liner market through substantial investments from multinational packaging companies. These investments align with the rapidly increasing requirements of supermarkets and hypermarkets in the area, complemented by governmental initiatives to boost the manufacturing ecosystem. This proactive approach has led to robust growth in the drum liner market within this region. Additionally, the expanding influence of the Asia-Pacific region has reshaped the industry landscape, witnessing the emergence of new packaging players alongside prominent companies establishing retail establishments in this area. Its anticipated growth in Asia-Pacific is primarily attributed to countries like China, Japan, and India, which are poised to be critical drivers propelling the expansion of the drum liner market in the region.
