I don't think that they absorb water.  They emit a vapor that supposedly prevents oxygen and moisture from reacting with the steel so look for liners that say they have the inhibitors.  A quick search and I found some Kobalt brand ones at Lowe's that are actually made by Zerust.  You may find cheaper Zerust liners from other sources.  

Vapor Corrosion Inhibitors (VCI)
The most advanced liners utilize Vapor Corrosion Inhibitor (VCI) technology. These liners are impregnated with specialized compounds that slowly release a sub-microscopic protective layer that bonds directly to the metal surfaces within the drawer.
This invisible barrier prevents oxygen and moisture from reacting with the steel. For owners of precision calipers, micrometers, and high-carbon steel blades, VCI protection is a mandatory feature to prevent pitting and oxidation during storage.

--Nathan, TX. Hire the lazy man. He may not do as much work but that's because he will find a better way.