Recent research: Jerry Cans Market detailed analytical overview by 2027
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According to Future Market Insights analysis, the global jerry cans market is expected to hold a market value of over US$ 2,700 Mn by 2017, reaching a valuation of over US$ 4,600 Mn by 2027. The market is anticipated to grow at a 5.5% CAGR during the forecast period 2017 – 2027. The report systematically indicates how various factors such as a devalued Euro and an increasing acceptance of reused cans has impacted the global jerry cans market.
Global Jerry Cans Market: Segmental Highlights
The global jerry cans market is segmented based on different parameters. The analysis of these segments helps in understanding each and every aspect of the market to get a clear view with more accuracy. Some of the key highlights of the segmental analysis are:
By material type, plastic (HDPE) segment is way ahead of the metal segment in terms of market value, with a projected valuation of over US$ 3,900 Mn by 2027 growing at the rate of 5.6% during the forecast period.
On the basis of end use, the food and beverages segment leads the market with an estimated market value of over US$ 2,300 Mn by 2027. However, the petroleum and lubricants segment dominates the other end use segments in terms of CAGR during the forecast period.
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By capacity size, the global market is dominated by the 10-25 litres segment. However, the above 25 litres segment is also in tough competition with a higher growth rate during the forecast period.
On the basis of region, Asia Pacific is expected to witness the highest demand for jerry cans helping this regional market to have the maximum market value with a CAGR of 7.2% during the forecast period. The Latin America jerry cans market is expected to register a good CAGR during the forecast period.
Global Jerry Cans Market: Competitive Analysis
The report includes a brief analysis of the competitive scenario of the global jerry cans market. It presents the profiles of key players in the market along with their current developments and future market strategies. Some of the companies mentioned in the report are Time Technoplast Ltd., Greif, Inc., Scepter Canada Inc, SCHÜTZ GmbH & Co. KGaA, Parekhplast India Limited, Barrier Plastics INC., Yates Steels Pvt. Ltd, Kadu Jaya Perkasa, Plastic Container Packaging Corporation, Mauser Group B.V, . Singa Plastics limited etc.
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