25-Jan-17 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.
As per Future Market Insights, 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 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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