The United States Jerry Cans Market is poised for substantial growth, with a projected CAGR of 4.1% during the forecast period spanning from 2023 to 2033. This upward trajectory is expected to elevate the market’s value from US$ 462.9 million in 2023 to a promising US$ 694.8 million by 2033. Notably, the market was valued at US$ 447.2 million at the close of 2022, and it is anticipated to demonstrate robust year-on-year (y-o-y) growth, particularly by 5.5% in the year 2023.
The increasing growth of diverse industries, especially in burgeoning economies, is expected to play a pivotal role in driving the growing demand for jerry cans. These versatile containers find widespread applications in key sectors such as agriculture, construction, and automotive, where the imperative for secure and dependable liquid storage is of paramount importance.
The expanding urban populations in developing nations are anticipated to fuel a heightened demand for effective methods of storing and transporting vital liquids like water, fuel, and chemicals. As urbanization continues to draw more individuals into city centers, the requirement for containers like jerry cans to securely house essential resources is set to experience a substantial upswing.
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Drivers:
- Industrial Growth: The expansion of various industries in the United States, including agriculture, construction, and automotive, is a key driver for the demand for jerry cans as these sectors require reliable liquid storage solutions.
- Economic Prosperity: The overall economic well-being in the United States, combined with strong consumer purchasing power, leads to increased demand for various products and, consequently, for jerry cans.
- Agricultural Sector: The agricultural industry relies on jerry cans for the safe and efficient storage of liquids, such as pesticides, fertilizers, and fuels, contributing to the steady demand for these containers.
- Construction and Infrastructure Development: In construction and infrastructure development, the need for secure storage and transport of fuels and other liquids is critical, spurring the use of jerry cans.
- Automotive Industry: The automotive sector utilizes jerry cans for transporting and storing fluids like motor oil and other automotive chemicals, underpinning the demand for these containers.
- Safety and Reliability: The emphasis on safety and reliability in liquid storage drives the preference for jerry cans, which are known for their durability and spill-resistant design.
Restraints:
- Environmental Regulations: Evolving environmental regulations in the United States may impact the design and materials used in jerry cans to ensure compliance with environmental standards.
- Competition: The jerry cans market is competitive, with various manufacturers offering similar products, which can affect pricing and profitability.
- Evolving Materials: The use of alternative materials, such as plastics or composite materials, can influence the market, as these materials may offer different properties and cost structures.
- Changing Consumer Preferences: As consumer preferences evolve, there may be shifts in the type of jerry cans preferred, such as a preference for eco-friendly or reusable options.
- Logistics and Supply Chain Challenges: The distribution and supply chain for jerry cans may face challenges, such as transportation costs or disruptions that can impact market dynamics.
- Economic Factors: Economic fluctuations and uncertainties can affect industrial activities and the affordability of jerry cans for businesses.
- Regulatory Compliance: Adherence to regulations and standards related to the storage and transportation of hazardous materials can pose challenges for companies using jerry cans.
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Report Coverage:
Revenue Forecast
Volume Forecast
Company Ranking
Competitive Landscape
Growth Factors
Trends
Pricing Analysis
Top Players:
- Grief Inc.
- Mauser Packaging Solutions
- SCHÜTZ GmbH & Co. KGaA
- Scepter Corporation
- Barrier Plastics Inc.
- GELG USA
- Valpro Ltd.
- Denios
- Siena Plastics
Market Segmentation:
By Material
- Plastic
- Metal
By Capacity
- Up to 10 Liters
- 0.5 Liters (0.13 Gallons)
- 1.0 Liters (0.26 Gallons)
- 2 liters (0.53 Gallons)
- 2.5 Liters (0.65 Gallons)
- 3 Liters (0.79 Gallons)
- 5 Liters (1.3 Gallons)
- 7.5 Liters (1.98 Gallons)
- 10 Liters (2.6 Gallons)
- 11 Liters to 25 Liters
- Above 25 Liters
By End-use
- Food & Beverages
- Vegetable & Edible Oil
- Juices, Syrups and Pulp
- Milk and Milk Products
- Others (Water, Flavors, & Additives)
- Agrochemicals
- Fertilizers
- Pesticides
- Industrial Chemicals
- Hazardous
- Non-hazardous
- Pharmaceuticals
- Petroleum & Lubricants
- Pet Care
- Homecare
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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