Press release
Jerry Cans Market Size, Forecast, Analysis and Share Surpass USD 3.5 Billion | 2033, At 4.6% CAGR
Jerry Cans Market
As per the study, key players are focusing on new innovative packaging to increase sales, driving the demand for jerry cans. With rising expansion and development in the shipping and logistics industries, key players are developing jerry cans with gas knobs to diversify the product portfolio.
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With growing demand from the 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 are expected to bolster due to the durability and cost-effectiveness they offer. This is predicted to fuel the growth in the jerry cans market by 1.5x over the upcoming decade.
The adoption of jerry cans in military and industrial applications is expected to fuel sales in the market. On the back of this, the demand for jerry cans is expected to reach a valuation of USD 2.3 billion by the end of 2022.
Jerry cans are also used to pack household products, agricultural chemicals, sanitary supplies, etc. To fulfill 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 research and development to develop an 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 USD 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
o Vegetable Oil
o Juices & Milk
o Fertilizers
o Pesticides
o Hazardous
o Non-hazardous
Jerry Cans Market Landscape
Key competitors in the jerry can market are extending their presence and product portfolio to acquire a competitive advantage. Players are focusing on acquisition and product launch strategies to improve market revenue.
Key Players
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; Can-One Berhad; Scepter (Myers Industries); Safewell; Denios; WERIT Kunststoffwerke W. Schneider GmbH & Co.; Nexus Packaging Ltd.; Overland Fuel; Carrick Packaging; LyondellBasell Industries Holdings B.V.
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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
o Vegetable Oil
o Juices & Milk
• Agrochemicals
o Fertilizers
o Pesticides
• Industrial Chemicals
o Hazardous
o Non-hazardous
• Petroleum & Lubricants
By Region:
• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa
Have a Look at Related Research Reports on the Packaging Domain:
PET Syrup Bottle Market - https://www.futuremarketinsights.com/reports/pet-syrup-bottle-market
Eco-friendly Tea Packaging Market - https://www.futuremarketinsights.com/reports/eco-friendly-tea-packaging-market
Strapping Equipment Market - https://www.futuremarketinsights.com/reports/strapping-equipment-market
Wicketed Bagging Machines Market - https://www.futuremarketinsights.com/reports/wicketed-bagging-machines-market
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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 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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