Global Shrink Drum Liner Market – Industry Trends and Forecast to 2029

Global Shrink Drum Liner Market, By Material (Polyethylene, High Density Polyethylene, Polypropylene, Polyvinylchloride, Polyester, Others), Packaging Type (Flexible, Rigid, Semi-Rigid), End User (Chemicals and Flammables, Adhesives, Inks and Coatings, Food Products, Cosmetic Materials, Others) – Industry Trends and Forecast to 2029

Shrink Drum Liner Market Analysis and Size

Shrink drums liner makes the drum highly pretty, durable and make them leak-proof. They are ideal for transporting, storing and containing hazardous and toxic materials. Their toughness ensures the maximum protection because they won’t easily crack, tear and bend in transit. Steel drums manufacturers over all the globe are quoting a rise in demand for lucrative yet efficient packaging solutions to overcome the bulk packaging challenges. Therefore, several rigid packaging manufacturers are focusing on manufacturing innovative packaging solutions to satisfy upcoming demands from the end-user industries.

Data Bridge Market Research analyses that the shrink drum liner market was valued at USD 928.80 million in 2021 and is expected to reach USD 1194.98 million by 2029, registering a CAGR of 3.20 % during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Shrink liner is one of the most durable and reliable materials used in manufacturing industrial packaging containers. Shrink rum liner protects the plastic, steel or fibre drums when using them to transport or store materials and goods. Shrink drum liner are one of them which protect the drum from semi-solids liquids, and powder based chemical and other material. Shrink drum liner perform well over an extensive range of pressure, temperature, and humidity, while sustaining their structural reliability then it is free from flame and heat and without spills and leaks or spills. These drums are unaffected by implosion and thermal shock while maintaining proper working situations

Global Shrink Drum Liner Market Dynamics

Drivers

• Rising demand of shrink drum liner in chemical industry

Shrink drum liner are used as packaging solutions for storing and transporting dangerous or hazardous goods and chemical industry. Shrink drum liner are the safest containers for shipments. Due to this chemical sector holds a significant share of the shrink drum liner market for safe packaging solutions which are expected to drive the growth rate of shrink drum liner market.

• Increase in demand due to their unique properties

Shrink drum liner are highly compatible than plastic, steel, and fibre drums. The availability of shrink drum liners for different materials such as antic-static food grade which was approved by E.U. and FDA, and barrier foil is expected to improve their security and safety and make them fit for use by several industries. 

Furthermore, increase in the usage to offer flexible packaging is the major factor which is escalating the market growth, also rise in the consumption of product for collection, storage and handling of garbage are some major factors among others which is propelling the growth of shrink drum liner market during forecast period.

Opportunities

• Rise in product innovations

The several product innovations, such as the development of novel variants with high-gloss finish, improved barrier and airtight sealing properties, and ease of printing in shrink drum liner industries, are acting as other factors that enhance the market's growth in upcoming years. These alternatives increase the aesthetic appeal of the shrink drum liner and help in improving the effectiveness of the branding and marketing campaigns. 

• Introduction of new product in market

Introduction of new product by the end-use industries produces a growth opportunity for the shrink drum liner market because these drums are highly popular for industrial packaging format such as chemicals, food ingredients, powders and solvents, so due to the wide scope of shrink drum liner in the market create immense opportunities for the growth of the shrink drum liner market.

Restraints/ Challenges

• Availability of alternatives

Availability of alternatives such as plastic drums, steel drums and other containers due to their insulation and lightweight properties is a major factor expected to restrain the growth of shrink liner drum market globally global. Fibre drums are another option in demand which are easier to handle and lighter in weight which is further causing a slow-down in the growth of the market to a certain extent.

This shrink drum liner market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the shrink drum liner market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Shrink Drum Liner Market

COVID-19 pandemic affected almost every manufacturing companies except the food and pharmaceutical industries. The spread of the virus leads to shutting several activities, including trade activities. Due to pandemic, the moment of trade activities slowed down, which impacted several markets along with the shrink drum liners market. During the covid pandemic, the shrink drum liners market was not affected due to its large application in the pharmaceutical and food and beverage industry. But, due to reduced shipping and operation, the demand for shrink drum liner was reduced during the forecasted period.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Shrink Drum Liner Market Scope

The shrink drum liner market is segmented on the basis of material, packaging type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Polyethylene
• High Density Polyethylene
• Polypropylene
• Polyvinylchloride
• Polyester
• Others

 Packaging Type

• Flexible
• Rigid
• Semi-Rigid

 End User

• Chemicals and Flammables
• Adhesives
• Inks and Coatings
• Food Products
• Cosmetic Materials
• Others

Shrink Drum Liner Market Regional Analysis/Insights

The shrink drum liner market is analysed and market size insights and trends are provided by country, material, packaging type and end-user as referenced above.

The countries covered in the shrink drum liner market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

North America dominates the shrink drum liner market in terms of revenue and market due to the growth in the consumption of packaged goods. Moreover, the increase in the demand for food item will further increase the growth of the shrink drum liner market in this region.

 Asia-Pacific is projected to be the fastest developing region during the forecast period of 2022-2029 due to the high production of chemicals and rapid industrialization in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Shrink Drum Liner Market Share Analysis

The shrink drum liner market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to shrink drum liner market.

Some of the major players operating in the shrink drum liner market are:

• Greif (U.S.)
• Berry Global Inc. (U.S.)
• Sealed Air (U.S.)
• Intertape Polymer Ltd (U.S.)
• Bollore Group (France)
• Syfan (U.S.)
• SABIC (Saudi Arabia)
• Schlichter GmbH (Germany)
• New Pack Ltd. (U.K.)
• Ervisa.com (U.S.)
• Bagla Group (India)
• Clearpack Singapore Pte Ltd. (Singapore)
• Shenyang Weiming Technology Co. Ltd (China)
• Zhejiang Zhongcheng Packing Material Co. Ltd. (China)
• HuanYuan Plastic Film Co. Ltd. (China)
• Yorkshire Packaging Systems (U.K.)
• W.M. Technology (U.S.)
• Jiaxing Reliable Packaging Technology Co., Ltd (China)
• Ace Products (U.S.)