Jerry Cans Market Research Report by Material (Plastic, Metal), Capacity (Below 10 liters, 10 to 25 liters, above 25 liters), Molding Process (Blow Molding, Injection Molding, Compression Molding), End Use (Chemicals & agrochemicals, Pharmaceuticals, Oil & Gas, Food & Beverages), and Region-Global Forecast till 2023

Market Synopsis of Global Jerry Cans Market

Jerry can is a container which is used to store different types of liquids such as chemicals, fuels, oil and pharmaceuticals. Jerry cans are available in various shapes, designs, colors, and sizes. Various features associated with jerry cans are moisture resistance, leak proof quality, and odor less storage. Geographically, the global market for jerry cans has been divided into four major regions — North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific region accounted for the largest market share, in 2016, followed by the Middle East & Africa and Europe. Factors affecting the growth of this market are increase in automobile sales leading to high demand for petroleum and lubricants in this region. China and India are the largest contributors in this region due to GDP growth in developing economies and rapidly increasing manufacturing activities and expansion of the industrial sector driving the growth of the market.

Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Rapid growth in industrialization and various manufacturing activities are the major driving factors. China, Japan, India, and Singapore are the major markets in Asia-Pacific. Growing sales of automobiles in the region is also driving the growth of the market. In the rest of the world, the Middle East region is expected to contribute significantly during the forecast period mainly due to larger exports of petroleum oil.

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For the purpose of analysis, the global jerry cans market has been divided on the basis of four segments: material, capacity, molding process, end use, and region. On the basis of material, the market has been segmented into plastic and metal. Under the material segment, plastic accounts for the largest market share. Plastic jerry cans are preferred due to their long lasting, leakage free, chemical and temperature resistant, and lightweight features which drive their preference to a certain extent.

On the basis of capacity, the market has been segmented as follows: 10 liters, 10 to 25 liters, and above 25 liters. Jerry cans below 25 liters dominate the capacity segment of the market and the same is expected to grow at the highest CAGR during the forecast period. Rise in demand from various end-used applications like food & beverages and agrochemicals is driving the growth of this segment. 10–25 liters segment is expected to contribute significantly during the forecast period mainly due to increasing demand for petroleum and lubricants.

On the basis of molding process, the market has been segmented into blow molding, injection molding, and extrusion molding. Blow molding dominates the molding process segment of the market and is expected to grow at the highest CAGR during the forecast period. Rise in demand for transportation of oil, chemicals and other industrial use is also driving the growth of this segment. Injection molding segment is expected to contribute to the growth during the forecast period mainly due to increase in petroleum and lubricants.

On the basis of end-use, the market has been segmented as chemicals & agrochemicals, pharmaceuticals, oil & gas, food & beverages and others. Oil & gas dominates the end-use segment and is expected to grow at a highest CAGR during the forecast period. Rise in demand for jerry cans across the oil & gas segment, attributed to growing automobile sales and manufacturing activities. Food & beverages segment is also expected to contribute significantly during the forecast period mainly due to increase in demand for palm oil and other vegetables oils.

Hence, the global jerry cans market is expected to grow at a CAGR of 4.3% during the forecast period.

The prominent players in the jerry cans market include Scepter Canada Inc. (Canada), Mauser Group B.V. (Netherlands), Greif Inc. (US), Elkhart Plastics, Inc. (Indiana), Barrier Plastics, Inc (USA), WERIT Kunststoffwerke W. Schneider GmbH & Co.KG (Germany), Denios AG (Germany), Parekhplast India Limited (India), Yates Steels Ltd (UK), and SCHÜTZ GmbH & Co. KGaA (Germany) among others.

The report for global jerry cans market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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