The global demand for Overpack Drum Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
An overpack drum refers to any large container which is utilized to abode a smaller container during transportation. These types of drums are made out of any kind of material, and it ranges from a 55-gallon metal drum to a drum build completely out of hard plastic. It is an enclosure used to give protection or convenience in handling a package or to merge two or more packages. Unlike Salvage Drums, over-pack drums are only meant for non-leaking packages. It can also be used with bigger non-damaged containers, drums, and cans of non-leaking hazardous materials. They allow the safe transport, store, and protect leak or damaged 55-gallon drums.
Market Dynamics
The persistent development in the manufacturing and industrial sector across the globe is the major factor driving the overpack drum market. The growing trade of several commodities across the globe, creating the need for efficient and innovative packaging solutions, might create high market demand in the coming years. The growing retail sector and growing industrial output are anticipated to increase demand for industrial packaging solutions such as overpack drums are positively impacting the overpack drum market's growth. Moreover, a growing focus on strengthening supply chain capabilities among end-users is likely to create lucrative growth opportunities for key players of the Overpack drum market in the coming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of overpack drum. The growth and trends of overpack drum industry provide a holistic approach to this study.
Market Segmentation
This section of the overpack drum market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Material
By Closure
- Screw On Cover
- Cover With Bolt Ring Closure
By Capacity
- 20 Gallon
- 30 Gallon
- 55 Gallon
- 65 Gallon
- 85 Gallon
- More Than 95 Gallon
By Application
- Food & Beverage
- Chemicals & Fertilizers
- Building & Construction
- Pharmaceuticals
- Paints & Lubricants
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Overpack Drum market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Overpack Drum Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the overpack drum market include The Cary Company, Berlin Packaging, General Container Corp., New Pig Corporation, American Textile & Supply, Inc., Interstate Products Inc., ENPAC, CP Lab Safety, Skolnik Industries, Inc., Peerless Materials Company, Marine Marketing Services , Cardinal Carryor, and Vimal Barrels Pvt. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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