Barrel Liner Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2031

Barrel Liner Market

Furthermore, one of the primary driving reasons has been the evolving needs of end-users to utilise more environmentally friendly barrel liners as a result of severe government regulation. The demand for Barrel Liner Market is expected to expand at a rate of 1.6X over the forecast period. Factors such as increased product acceptance and the introduction of additional variety will help to accelerate growth.

According to FMI’s recent research, the barrel lining industry is expected to increase at a CAGR of approximately 5.7 percent from 2021 to 2031. The rise in demand can be ascribed to the increased preference for flexible packaging in the food and beverage, chemical, and lubricant industries.

What is Driving Demand for Barrel Liner?

The barrel liners have myriad applications in various end-use industries. They are commonly used for storage, collection and disposal of garbage’s from the barrels. The growing inclination of manufacturing industries towards flexible packaging has been a key driving factor in the business. Also, availability of wide variety of such liners have further supporting in driving the demand.

Stringent regulations on the material type of the product such as prohibition of low density polyethylene (LDPE) and high density polyethylene (HDPE) based liners in the regions such as Europe and North America will be key restraining factors in the business.

Furthermore, manufacturers are introducing eco-friendly and reusable liners in order to overcome such problems and this in turn has even supported more for higher adoption of product in the end-user industry. In the coming years ahead furthermore advances in the product with respective to evolution of end-user demand owing volatile regulations is set to bolster the product sales.

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Flexible Packaging Trend is Likely to Bolster Barrel Liner Sales

The barrel liners are extensively used in flexible packing applications. The flexible packaging is practiced in many of the end-use industries. As per the US Flexible Packaging Association’s (FPA), in 2020 the flexible packing business recorded a sales value of US$ 33.6 Billion. This includes packaging in F&B, chemical & lubricants and industrial packaging.

From the past decade this industry has been expanding at a rapid rate.  Most of the end-user are switching to flexible packaging and are also discovering the importance of liners for barrels in this process. It is anticipated that growth in flexible packaging will act as key driver in driving the product sales.

The US Barrel Liner Market Outlook

The US accounts for largest share in the barrel liner business equivalent to more than 65% of the North America demand. The major demand in the country is driven by chemical and lubricant industry. According to American Chemistry Council (ACC), the chemical output dropped by 3.6% in 2020 owing to the on-going pandemic and lowered demand from the manufacturing industries.

This has led to a massive shrank in work force in chemical industry by 14,000 jobs.

Currently, majority of the country’s population has being vaccinated and all the restrictions on manufacturing units being lifted, the country’s economic gears are working again. It is anticipated by the ACC that in 2021, the chemical production in the US will rise by 3.6% and similar trend will be followed in the next 10 years.

This clearly reflects that demand for the barrel liners will be sky-high from this industry and so will support the overall country’s business growth during the forecast period.

East Asia Demand Outlook for Barrel Liner

East Asia is a lucrative market for barrel liners business. The region accounted for over 35% of the overall sales of the product, with a CAGR of over 4.5% in 2020. The regional demand is driven by the end-users in China, Japan and South Korea. The F&B industry is one of the major user of barrel liners.

This industry in the region has been growing at a rapid pace.  As per CCSFA (China Chain Store & Franchise Association), China’s F&B industry surpassed market value of US$ 595 Bn in 2019. In 2020, this industry had experience minor slowdown owing to the COVID-19 pandemic and has recovered as most of the products in this industry is considered as essentials and so the demand for barrel liner got back on track in these industries.

The overall regional outlook shows that in the coming years with the boom in end-use industries, the business opportunities for the regional manufacturers of barrel liners will multiply and will complement the overall business growth. It is anticipated that during 2021-31, the regional business will grow at a rate of 1.3X and will surpass its historical sales numbers.

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Key Segments

By Material Type:

  • Low-Density Polyethylene (LDPE)
  • High-Density Polyethylene (HDPE)
  • Ethylene-Vinyl Acetate (EVA)
  • Linear Low-Density Polyethylene (LLDP)
  • Metallocene Polythene (MPE)
  • Polyamide (PA)
  • Polyester (PET)
  • Polypropylene (PP)
  • Polyvinylchloride (PVC)
  • Others

By Packaging Type:

  •  Flexible Barrel Liner
  • Rigid Barrel Liner
  • Semi-Rigid Barrel Liner

By Capacity:

  •  Below 20 Liters
  • 20-50 Liters
  • Above 50 Liters

By Application:

  • Adhesives
  • Chemicals & Lubricants
  • Flammable Liquids
  • Food & Beverages
  • Grease and Oils
  • Inks & coatings
  • Others

By Sales Channel:

  • Online
  • Offline

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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