According to Future Market Insights (FMI), the global jerry cans market is projected to experience a significant compound annual growth rate (CAGR) of 4.6% from 2023 to 2033. This growth is attributed to several factors, with the increasing use of oil and lubricants being a major driver for the expansion of the jerry can industry.
The demand for jerry cans is rising as major corporations focus on innovative and creative packaging solutions to enhance their sales. With the growth and development of the transportation and logistics industries, as well as companies diversifying their product offerings, there is an increasing need for jerry cans equipped with fuel nozzles.
The use of oil and lubricants in various sectors such as automotive, industrial, and energy is driving the growth of the jerry cans market. Jerry cans provide a reliable and efficient solution for safely storing and transporting these liquids. As the demand for oil and lubricants increases, so does the need for appropriate packaging like jerry cans.
The market for jerry cans is also expected to grow due to the rising demand for paint and dye, particularly in residential sectors. The strength and affordability of plastic petrol cans are expected to contribute to their increased usage, resulting in a 1.5x growth in the petrol cans market over the next decade, according to FMI.
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The adoption of jerry cans in industrial and military applications is expected to drive sales in the market. As a result, the jerry can market is predicted to reach a value of US$2.3 billion by the end of 2022.
Furthermore, jerry cans are used for packaging sanitary supplies, domestic goods, and agricultural chemicals. Manufacturers of jerry cans and industrial packaging containers are focusing on bulk production to meet the demands of these significant end-users. Consequently, jerry can producers are investing heavily in research and development to create novel designs that will increase sales.
Key Takeaways
- The plastic segment is estimated to hold around 85% of the value share by the end of 2023 due to its lightweight, cost-effectiveness, and reusability.
- In terms of capacity, the above 25 litres segment is estimated to offer a growth opportunity of US$ 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 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.
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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
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
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.
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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
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