The collapsible jerry cans market is predicted to grow from its current value of US$ 5 billion in 2022 to US$ 6.72 billion in 2032, at a CAGR of 3%.
Collapsible jerry cans, often referred to as foldable jerry cans, have shown to be effective ways to save unnecessary costs and empty container storage issues. Therefore, as the name implies, collapsible jerry cans could be compressed or folded into several portions, increasing stability and load capacity.
Collapsible jerry cans are able to meet the large demand (stated above) because they are convenient in end-use sectors like food and beverage, chemicals and lubricants, and similar. Collapsible jerry cans are intended to keep liquid products from spilling or leaking while being transported. Materials like LDPE, HDPE, PVC, and similar ones are employed.
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The agrochemicals industry is well-known for its multi-layered collapsible jerry cans. Collapsible jerry cans make for lightweight protective packaging solutions that are bulky and small. Recently, bioplastics have been employed. The market for collapsible jerry cans is anticipated to increase unabatedly in the near future because to this trend.
The market could also be constrained by the possibility of tearing off during shipping, and this situation might continue throughout the projected period.
In its most recent market report, “Collapsible Jerry Can Market,” Future Market Insights incorporated these facts with potential future developments. Its staff of analysts and consultants is able to carry out tasks employing a 360-degree perspective of macros and micros.
“With storage managers on continuous lookout for package formats to increase storage capacity, the global collapsible jerry can market is likely to grow well in the forecast period”, says an analyst from Future Market Insights.
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Key Takeaways from Collapsible Jerry Can Market
- North America holds a significant market share due to increase in sales of automotives all across the US.
- The Asia-Pacific is expected to grow in the collapsible jerry can market on the back of increase in manufacturing activities in China and India.
- Europe is expected to grow in collapsible jerry can market with Germany dominating the scene.
Competitive Cans
- Butyl Products Ltd. has its plastic collapsible jerry can that is produced from non-toxic food grade LDPE. They are self-supporting and well-suited for use in emergency. Square-shaped in color, they help in collection of water as well as storage for family usage. There are molded carry handles incorporated into design; thereby rendering them simple to transport through hand. Every jerry can does have a screw top lid along with distribution tap for simplicity of use.
- Polychute India has its 1 liter rectangular plastic jerry can that has the capacity of storing almost 1 liter of liquid and could be personalized according to patrons’ specifications.
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What does the Report encompass?
- The research study is based on material type (PE (Polyethylene) collapsible jerry cans, HDPE (high density polyethylene), LDPE (low density polyethylene), PP (polypropylene) collapsible jerry cans, PVC (polyvinyl chloride) collapsible jerry cans, PET (polyethylene terephthalate collapsible jerry cans, ethyl vinyl alcohol (EVOH) collapsible jerry cans, bioplastic collapsible jerry cans, bio PE, PLA (poly lactic acid), other bioplastics, and the other collapsible jerry cans materials), by capacity (collapsible jerry cans up to 10 liters, collapsible jerry cans from 11 liters to 20 liters, collapsible jerry cans from 21 liters to 30 liters, and collapsible jerry cans above 30 liters), by closure type (push pull closure collapsible jerry cans, screw cap collapsible jerry cans, and other closure type collapsible jerry cans), and end-use industry (collapsible jerry cans for food & beverages, juices & milk, vegetable oil, alcoholic beverages, collapsible jerry cans for agrochemicals, pesticides & insecticides, fertilizers, collapsible jerry cans for industrial chemicals, collapsible jerry cans for petroleum and lubricants, collapsible jerry cans for pharmaceuticals, collapsible jerry cans for consumer goods, and collapsible jerry cans for other end-use industries).
- With bulk as well as small packaging options gaining prominence, the global collapsible jerry can market is bound to grow noticeably in the forecast period.
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