"Global Jerry Cans Market was valued at US$ 2.7 Bn in 2018 and the market is expected to witness a CAGR of 3.2% during the forecast period (2019-2027)."
Jerry Cans offer various benefits when compared to other packaging formats available in the market. Jerry Cans are widely used in various end-use industries due to its benefits such as these are leak proof, moisture resistant, odor less. These factors boost the growth of the jerry cans market. Jerry Cans market is expected to witness huge gains, owing to recent technological advancements that also fulfill sustainability targets. One such recent development is the launch of DoubleGreen COEX Jerry Can by Grief Inc. This is a sustainable Jerry Can that is made up of sugar cane, a renewable source with a stackable design that also reduced the need for a carton during transport.
However, certain government regulations need to be followed by end-use companies while using jerry cans. Several consistency requirements need to be followed for the packaging of each hazardous product. These regulations vary as per different countries. Different regulations and packaging requirements across countries can prove to be a hindrance to the growth of the Jerry cans market.
Continuous improvements and innovations are expected to drive the growth of the Jerry cans market. Manufacturers are investing in R&D to introduce various product innovations in the market. For example, some manufacturers have introduced Jerry Cans that are preferred for the storage of explosives. Such cans are best suited for dangerous products of 2nd and 3rd class that do not exceed a density of 1.2 kg.
In Terms of Capacity Type, 10–25-Liter Segment Is Expected To Make A Significant Contribution During The Forecast Period.
The increase in demand from various end-use applications, such as food & beverages and agrochemicals, is driving the growth of this segment. 10-25 Litres Jerry Cans are preferred in various industries such as Food & Beverage, Industrial Chemicals and others. Many end use companies prefer 10-25 liters to store chemicals in bulk. 10-25 liters size containers are easy to carry & convenient to use when compared to containers above 50 liters.
By Manufacturing Process, Blow Molding Segment Dominated The Jerry Cans Market In 2018 And Is Expected To Expand At A CAGR Of Xx % During The Forecast Period.
The blow molding process is more cost efficient and results in a higher level of productivity when compared to other processes such as injection molding techniques. Blow molding segment is expected to witness high demand from end use industries such as chemicals, food & beverages
The injection molding segment is expected to contribute to growth during the forecast period mainly due to an increase in demand of oil and lubricants.
Asia-Pacific is expected to exhibit at the highest CAGR of xx% during the forecast period.
Asia Pacific region accounted for a significant share of ~30 % of jerry cans market in 2018.
Rapid growth in industrialization and various manufacturing activities is one of the key drivers boosting the growth of the jerry cans market. China, Japan, India, and Singapore are the markets with significant share in the Asia-Pacific region. In the rest of the world, the Middle East region is expected to make a significant contribution during the forecast period, mainly due to higher oil exports.
Geographically, the Jerry cans market can be segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East and Africa (MEA). North America is expected to witness healthy growth in the Jerry cans market. Rising GDP, growing manufacturing activities and growth patterns in the industrial sectors are driving demand in these developing countries. MEA and Africa are also expected to experience above-average growth in the Jerry cans market.
Jerry cans are commonly used for applications such as storage and transport of vegetable oils, industrial chemicals, and others. Leading manufacturers are adopting various strategies to customize packaging formats such as jerry cans as per requirements of the end use industries. Some of the leading players of the Jerry cans market are: Scepter Canada Inc., Mauser Group B.V., Greif Inc., Elkhart Plastics, Inc., Barrier Plastics, Inc., WERIT Kunststoffwerke W. Schneider GmbH & Co. KG, Denios AG, and Others.
Jerry Cans Market Segmentation:
- Below 10 Liters
- 10-25 Liters
- Above 25 Liters
By Manufacturing Process:
- Blow Molding
- Injection Molding
- Compression Molding
By End Use:
- Food & Beverages
- Vegetable Oil
- Juices & Milk
- Industrial Chemical
- Non Hazardous
- Petroleum & Lubricants
- North America
- Asia Pacific
- Latin America
- Middle East & Africa