Jerry Cans Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2018-2025

Global demand for jerry cans market was valued at approximately USD 2.8 billion in 2018 and is expected to generate revenue of around USD 4.5 billion by end of 2025, growing at a CAGR of around 5.4% between 2019 and 2025.

09-Jul-2019 | Number of pages: 110 | Report Code: ZMR-4361 | Report Format : | Status : Published

Abstract

The report covers forecast and analysis for the jerry cans market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints for the jerry cans market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the jerry cans market on a global level.

As per the report, the global demand for jerry cans market was valued at approximately USD 2.8 billion in 2018 and is expected to generate revenue of around USD 4.5 billion by end of 2025, growing at a CAGR of around 5.4% between 2019 and 2025.

Jerry cans are intended for the storage of various types of fluids such as cooking oils, chemical products, and fuels. Given the rapid increase in automobile sales, the world lubricants and oil market is projected to grow considerably in the near future. During the forecast period, the worldwide jerry cans market is expected to register a significant CAGR owing to the growth in the chemical, petroleum, and lubricant industries. Furthermore, the demand for jerry cans is accelerated by features such as a leak-proof quality, humidity resistant factor and odor reduction feature. The worldwide market for jerry cans will likely see huge gains mainly from recent market innovations that also meet the sustainability objectives.

Some regulations concerning the design of jerry cans have to comply since these containers are used for the transportation of toxic substances and chemical products. For each type of hazardous product, there are several performance standards for packaging. The growth of the jerry cans market can be impeded by differing regulations and packaging standards across different countries.

Based on capacity, the market is classified into less than 10 liters, 10-25 liters, and more than 25 liters. Among these, 10-25 liters segment accounted for a major portion of the global market owing to increased demand from oil & petroleum packaging applications. Additionally, increasing transportation of petroleum and oils in jerry cans triggers the growth of this segment. However, more than 25 liters segment is expected to pose tough competition in terms of growth. This segment is anticipated to witness the fastest growth over the forecast period.

Based on material, the market is categorized into plastic and metal. Plastic segment dominated the market in 2018 owing to increasing applications from the chemicals industry. Rising demand for jerry cans in chemical storage applications due to their leak proof and odor reduction properties is a major aspect driving the growth of this segment. Moreover, cost-effectiveness in using plastic over metal is another major factor supplementing the overall growth of plastic jerry cans. Use of jerry cans in oil & petroleum storage applications is expected to drive the growth of metal segment at a considerable rate.

In the end-use segment, the food & beverages segment dominated the global market in 2018 with nearly 45% share of the total market. This segment is however expected to witness linear growth over the forecast period. Rising usage of jerry cans for bulk food storage and increasing consideration of jerry cans in retail food packaging formats are some major elements driving the growth of this segment. Oil & petroleum segment is anticipated to dominate the market in terms of CAGR.

North America anticipate registering strong growth in the forecast period. Over the forecast period, the Asia Pacific region is expected to be at its peak with development-driven economies, such as India and China. In these developing countries, growing GDP, growing manufacturing activities, and rising economic growth trends drive demand. As a result of the evolving trend towards industrialization, increased consumer spending, and better manufacture and exports of edible oil, the Asia Pacific region is expected to be lucrative in the global jerry cans market. The main drivers for the growth of plastic jerry cans in the Middle East and Africa market are high volumes of oil production and exports. The jerry cans market in the MEA is expected to grow above average. The jerry cans market is expected to play a key role in Latin America's growth in the coming seven years especially due to increasing foreign investments and rising number of government initiatives to improve the overall industry growth in the region.

Some of the key players in jerry cans market include Greif, Inc., Time Technoplast Ltd., SCHÜTZ GmbH & Co. KGaA, Scepter Canada Inc., Barrier Plastics Inc., Parekhplast India Limited, Kadu Jaya Perkasa, Yates Steels Pvt. Ltd., Mauser Group B.V, Plastic Container Packaging Corporation, and Singa Plastics Limited among others.

Global Jerry Cans Market: Capacity Segment Analysis

  • Less Than 10 Liters
  • 10-25 Liters
  • More than 25 Liters

Global Jerry Cans Market: Material Segment Analysis

  • Plastic
  • Metal

Global Jerry Cans Market: End-Use Segment Analysis

  • Food & Beverage
  • Agrochemicals
  • Pharmaceuticals
  • Chemicals
  • Oil & Petroleum
  • Others

Global Jerry Cans Market: Regional Segment Analysis 

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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