The global jerry cans market is poised to witness significant growth, with a projected Compound Annual Growth Rate (CAGR) of 4.6% from 2023 to 2033, according to Future Market Insights (FMI). This growth is attributed to various factors, including the increasing use of oil and lubricants, which has led to a rising demand for innovative and creative packaging solutions.
Major corporations are focusing on enhancing packaging to boost sales, driving the demand for jerry cans, particularly those equipped with fuel nozzles, due to growth in transportation, logistics industries, and product diversification.
The rising demand for oil and lubricants in automotive, industrial, and energy sectors is a significant driver for jerry cans. These cans offer a reliable and efficient solution for safely storing and transporting these liquids.
Additionally, the demand for paint and dye, especially in residential sectors, is contributing to the growth of the jerry cans market. Plastic petrol cans are expected to experience 1.5x growth over the next decade due to their strength and cost-effectiveness.
Industrial and military applications are also driving sales of jerry cans, and the market is predicted to reach a value of US$2.3 billion by the end of 2022.
Moreover, jerry cans find application in packaging sanitary supplies, domestic goods, and agricultural chemicals, leading manufacturers to invest in research and development for innovative designs.
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Key Takeaways:
- The plastic segment is expected to hold about 85% of the value share by the end of 2023, driven by its lightweight, cost-effectiveness, and reusability.
- The above 25 litres capacity segment offers a growth opportunity of US$ 450 million during 2023 and 2033.
- The food & beverages segment is projected to register growth at a CAGR of 5.0% during the forecast period.
- South Asia is anticipated to be the most lucrative market for jerry cans, with a projected growth of 1.7 times the current market value during 2022 and 2032.
- The USA is expected to dominate the North America jerry cans market over the assessment period.
Jerry Cans Market Landscape
The key players operating in the global jerry cans market are Greif Inc. Berry Global, Inc., Mauser Packaging Solutions, Parekhplast India Limited, and Schutz GmbH & Co. KGaA. Also, some of the other noticeable players in the market include Plas-Pak WA Pty Ltd., IPACKCHEM Group SAS, Barrier Plastics Inc., and Rheem Indonesia. PT, Can-One Berhad, Scepter (Myers Industries), Safewell, Denios , WERIT Kunststoffwerke W. Schneider GmbH & Co., Nexus Packaging Ltd., LyondellBasell Industries Holdings B.V., and others.
Some of the leading companies operating in the market are:
- Greif Inc.
- Berry Global, Inc.
- Mauser Packaging Solutions
- Parekhplast India Limited
- Schutz GmbH & Co. KGaA
- Plas-Pak WA Pty Ltd.
- IPACKCHEM Group SAS
- Barrier Plastics Inc.
- Rheem Indonesia. PT
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Benefits of the Jerry Cans Market:
- Durability and Reliability: Jerry cans are manufactured using high-quality materials such as steel, aluminum, or plastic, ensuring durability and long-term use. They are resistant to impact, corrosion, and leakage, making them reliable for the safe storage and transportation of liquids.
- Versatility: Jerry cans are available in various sizes, ranging from a few liters to several gallons, accommodating different liquid storage needs. They are designed to be stackable, saving storage space and facilitating efficient logistics operations.
- Safety and Security: Jerry cans are equipped with secure closures, such as screw caps or bayonet locks, ensuring spill-proof and leak-proof performance. Many jerry cans feature specialized safety features like flame arresters or vent caps to prevent the entry of external elements and reduce the risk of accidents.
- Regulatory Compliance: The Jerry cans market adheres to stringent quality standards and regulations, ensuring compliance with safety guidelines and certifications. This compliance ensures that the cans meet international standards for the safe transportation and storage of hazardous liquids.
- Cost-effective Solution: Jerry cans offer a cost-effective solution for liquid storage and transportation compared to alternatives such as drums or bulk containers. They are lightweight, reducing shipping costs, and their reusable nature makes them a sustainable and economical choice.
Surging Demand for Jerry Cans in the United States and India: Stringent Regulations and Chemical Industry Expansion Drive Growth
In the United States, the demand for jerry cans is set to surge due to stringent regulations for food safety. The FDA mandates that all packaging materials used for consumable products must comply with federal regulations to ensure the preservation of food and beverages from harmful contaminants. To comply with these regulations, key jerry can manufacturers in the United States are utilizing FDA-approved materials, eliminating the risk of contamination. This adherence to regulatory standards is expected to drive a 1.4x growth in jerry can sales between 2022 and 2033.
Meanwhile, in India, the expansion of the chemical industry is bolstering the demand for jerry cans. India holds the distinction of being the world’s largest producer of agrochemicals, with substantial exports of organic and inorganic chemicals. The government’s efforts to promote the use of jerry cans for storage, coupled with tax rebates and financial support for chemical and fertilizer exports, are driving the growth of the chemical industry and subsequently increasing the demand for jerry cans. India is projected to account for one-fourth of the total sales of jerry cans in South Asia in 2023
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Jerry Cans Market by Category
By Material:
- Plastic
- Metal
By Capacity:
- Below 10 Liters
- 10 Lt to 25 Liters
- Above 25 Liters
By End Use:
- Food & Beverage
- Vegetable Oil
- Juices & Milk
- Agrochemicals
- Fertilizers
- Pesticides
- Industrial Chemicals Hazardous
- Non-hazardous
- Petroleum & Lubricants
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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