Global Overpack Drum Market to reach USD XXX billion by 2027.Global Overpack Drum Market is valued approximately USD XXX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2021-2027
Overpack drums are large vessels that are used to store and transport absorbent materials ranging from liquid to semi-liquid items for transportation. Increasing demand for international trade and increased use in the end-user industry such as manufacturing and construction are factors contributing to the market growth. For instance, according to Maier-vidorno, the construction industry will reach USD 738.5 billion, by the year 2022. Whereas the real estate sector reached USD 180 billion in 2020. The growth of these industries will ultimately lead to an increase in the demand for overpack drum. However, lack of skilled professionals impedes the growth of the market over the forecast period of 2021-2027. Also, rapid urbanization is likely to increase the growth of the market in the forecasting period.

The regional analysis of global Overpack Drum market when considering for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World has led to the analysis that North America is a significant region across the world in terms of market share owing to increased demand of overpack drums in the region Whereas, Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as availability of large reservoirs and other large shorelines would create lucrative growth prospects for the Overpack Drum market across Asia-Pacific region.

Major market player included in this report are:

The Cary Company
ENPAC
Vimal Barrels Pvt Ltd
Interstate Products Inc
Peerless Materials Company
American Textile & Supply Inc
Cardinal Carryor
New Pig Corporation
CP Lab Safety
Berlin Packaging



The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
Carbon Steel
HDPE

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

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Overpack Drum Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors