FMI Releases New Report on the Drum Liner Market 2017-2027

A drum liner is a flexible material used for the collection, storage, disposal, and handling of garbage. In addition, it has a very wide application in the transportation and distribution of garbage. However, sustainability of the drum liner market majorly depends on new product innovation, such as garbage bags with improved aroma control benefits. Customization of drum liner in terms of space, capacity can also improve the market globally over the forecast period.

Drum Liner Market - Market Segmentation:

The global drum liner market can be segmented on the basis of material type, packaging type, by size, by product type, by end-use and by region. On the basis of material type drum liner market can be segmented into Polyethylene (PE), High Density Polyethylene (HDPE), Polyvinylidenchloride (PVDC), Polypropylene (PP), Polyvinylchloride (PVC), Polyester (PET), Polyamide (PA), liner blend polythene, Medium Density Polythene (MDPE), Metallocene Polythene (MPE), degradable polythene, woven polypropylene, biodegradable polythene, and co-extruded plastic bags. On the basis of packaging type drum liner market can be segmented into flexible drum liner, rigid drum liner and semi-rigid drum liner. On the basis of size drum liner market can be segmented into 10 to 25 liters, 25 to 40 liters, 40 to 55 liters, and above 55 liters. On the basis of product type drum liner market can be segmented into shrink liner, round bottom liner, flat bottom liner, elastic drum liners and others. On the basis of applications drum liner market can be segmented into chemicals and flammables, adhesives, inks & coatings, food products including greases and oils, cosmetic materials, and others. On the basis of region, the drum liner market has been segmented into North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA).

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Drum Liner Market - Market Dynamics:

The growth in the demand for drum liner is expected to grow over the forecast period for several reasons. Increasing demand for flexible packaging is one of the major factor which is driving the growth in the drum liner market. Moreover, increasing disposable income and purchasing power of consumers is also expected fuel the growth in the drum liner market. Furthermore, existence of big and small retailers and increasing consumer preference for using cheap local products has created a highly competitive environment for big brands manufacturing drum liners. In addition, increasing awareness among consumers about protecting the environment followed by strict regulatory landscape by imposition of bans on single use plastic bags, adoption of green, ecofriendly and reusable plastic bags & sacks is also gaining traction which further is expected to accelerate the growth in the drum liner market.

Drum Liner Market - Regional Outlook

Drum liner market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa (MEA), and Latin America. Among these regions, North America, and Europe are expected to collectively dominate the drum liner market throughout the forecast period due to the huge retail industry. 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 coupled with the government support towards boosting manufacturing ecosystem which has resulted in the healthy growth in the drum liner market in this region. Furthermore, the rising dominance of Asia Pacific has changed the outlook of this industry, as several new packaging entrants have emerged over the last few years, and many leading companies have set up their retail outlets in this region. The growth in Asia Pacific is expected to be primarily driven by China, Japan, and India. Latin America and the Middle East & Africa are expected to witness slow and steady growth in the drum liner market over the forecast period. In Latin America, Brazil and Mexico are expected to create market opportunities for companies involved in intravenous product packaging.

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Drum Liner Market- Major Players:

Some of the major players identified across the globe in the drum liner market are Allied Plastics, Berry Plastic Corporation, Clorox Australia Pty Limited, Terdex, Toray Industries, Treofan Germany GmbH & Co., SMEC Limited, Cosmoplast, Heyuan Ruijian Plastic Products Co., Ltd., International Plastics, Kemii Garbage Bag Co. Ltd., Luban Pack, Novplasta, S.R.O., Steiner Electric Company, Mitsubishi Chemicals, Bolloré Group, and Shanghai Xishu Electronic Material Company Ltd., Weifang Wellform Packaging Industry & Trade Co. Ltd., Tongcheng Tianbai Plastic Co., Ltd., Anhui Province Tianle Plastic Co., Ltd.

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This release was published on openPR.