As per Future Market Insights (FMI), the global jerry cans market is projected to witness a notable CAGR of 4.6% during the forecast period (2023 to 2033). A considerable growth in the jerry cans market is driven by increasing consumption of petroleum and lubricant products.
As per the study, key players are focusing on new innovative packaging to increase the sales, driving the demand for jerry cans. With rising expansion and development in shipping and logistics industries, key players are developing jerry cans with gas knobs to diversify the product portfolio.
With growing demand from paint and dye industry, the use of jerry cans is expected to burgeon, especially across residential sectors. FMI estimates, the use of plastic jerry cans is expected to bolster due to the durability and cost-effectiveness they offer. This is predicted to fuel the growth in jerry cans market by 1.5x over the upcoming decade.
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Adoption of jerry cans in military and industrial applications is expected to fuel the sales in the market. On the back of this, the demand for jerry cans is expected to reach a valuation of US$ 2.3 billion by the end of 2022.
Jerry cans are also used to pack household products, agricultural chemicals, sanitary supplies, etc. To fulfil the needs of these large end users, the producers of jerry cans and industrial packaging containers are aiming for bulk production. Hence, jerry can manufacturers are also investing extensively on the research and development to develop innovative design to gain revenue.
Key Takeaways
- The plastic segment is estimated to hold around 85% of the value share by the end of 2023 due to its lightweight, cost-effectiveness, and reusability.
- In terms of capacity, the above 25 litres segment is estimated to offer a growth opportunity of US$ 450 million during 2023 and 2033.
- Based on end use, the food & beverages segment is expected to register growth at a CAGR of 5.0% during the forecast period.
- South Asia is expected to be the most lucrative market for jerry cans market. It is anticipated to grow 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
“Increasing use of customized jerry cans in industrial and residential sectors due to growing expansion of paints and coatings industry will drive the demand. Furthermore, the demand for jerry cans is anticipated to reach new heights as food & beverage manufacturers and suppliers are focusing to raise production bars”- says and FMI analyst
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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., 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.
Jerry Cans Market Report
Future Market Insights, in its new offering, offers an unbiased analysis of the global jerry cans market, analyzing historical demand from 2016 to 2022 and forecast statistics for 2023 to 2033. The study unravels growth projections on the jerry cans market on the basis of material (plastic and metal), capacity (below 10 litres, 10-25 litres, and above 25 litres), and end use (food & beverages (vegetable oils and juice & milk), agrochemicals (fertilizers and pesticides), industrial chemicals (hazardous and non-hazardous), and petroleum & lubricants) across the seven key regions.
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
About Future Market Insights Inc. (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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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