Market Overview
Global Jerry Cans market reached USD 2.1 billion in 2022 and is expected to reach USD 2.9 million by 2030 growing with a CAGR of 4.1% during the forecast period 2023-2030. A wide range of industries, including food and beverage, chemicals and petrochemicals, pharmaceuticals, automotive, agricultural, oil and lubricants, paints, coatings, and adhesives, among others, have a significant need for jerry cans.
Different kinds of jerry cans are required by these various industries due to their unique packaging and storage needs.
Plastic jerry cans hold more than 2/3rd share of the global jerry cans market. Countries like China, India, and Indonesia hold a more than 60.5% share in the plastic jerry cans market. The segment's growth is due to the material’s lightweight, durable, and cost-effective properties, making them popular for various applications.
Market Scope
|
Metrics |
Details |
|
CAGR |
4.1% |
|
Size Available for Years |
2021-2030 |
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Forecast Period |
2023-2030 |
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Data Availability |
Value (US$) |
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Segments Covered |
Material, Capacity, End-User and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
Asia-Pacific |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Equipment Type Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Othersr key Insights. |
Market Dynamics
Rising Demand for Durability and Safety Packaging Solutions in Oil and Lubricants Industry
Jerry cans have become a popular choice in the oil and lubricants industry, serving as essential containers for the storage, transport, and dispensing of various types of oils, lubricants, and related products. Packaging has gained demand in the oil and lubricant market due to its properties such as secure storage and transport, leaf-proof design, easy handling and cost-effectiveness as compared to other packaging options available in the market.
Metal jerry cans have seen immense demand in the oil and lubricants industry as compared to plastic jerry cans. Metal jerry cans are known for their robust construction, making them suitable for handling and storing flammable liquids such as gasoline, diesel, kerosene, and oils. Furthermore, hazardous materials can be stored and transported safely due to their metal construction, which increases their resilience to impacts, extreme temperatures, and harsh climatic conditions.
Growth in E-commerce and Retail
The E-commerce and retail industry has shown tremendous growth especially after the outbreak of the pandemic. Since nearly 20.8% of retail purchases are projected to be replaced by online in 2023, it’s no surprise that e-commerce sales are supposed to increase as well. Approximately 12 million to 24 million eCommerce sites exist worldwide, and new ones are being launched every single day. There is a tonne of space for growth considering that less than 1 million of these websites sell more than US$1,000 per year.
In order to ensure that goods are delivered to customers' doorsteps safely, there is an increasing demand for effective and secure packing solutions with the growth of e-commerce. Jerry cans are an effective option for liquid packaging, making them appropriate for many businesses. These liquids include oils, chemicals, and other substances.
Stringent Regulations
Regulations are essential standards for ensuring safety, quality, and environmental protection, they can also pose challenges for manufacturers and users of jerry cans. Various regulations have been set by the government to ensure packaging safety. For instance, The United Nations Recommendations on the Transport of Dangerous Goods (UN Recommendations): These recommendations offer instructions for the secure transportation of hazardous commodities, including specifications for the use of jerry cans.
Furthermore, regulations set by U.S. Department of Transportation (DOT), these regulations cover the safe transport of hazardous materials, including the use of jerry cans for the delivery of chemicals and fuel. Considering the growing environmental concerns some regulations may require jerry can manufacturers to meet specific environmental standards for materials, recycling, or waste disposal. While these requirements are essential for sustainability, they impose additional costs and challenges for companies to meet these expectations.
Segment Analysis
The global jerry cans market is segmented based on material, capacity, end-user and region.
Plastic’s Lightweight, Durable, And Cost-Effective
Plastic holds more than 79.3% of the global jerry cans, however, has seen several challenges recently due to its environmental impacts. Countries are continuously shifting towards other materials for jerry cans even though plastic is still dominant across the globe. The material’s growth is due to its lightweight, durable, and cost-effective properties, making them popular for various applications.
Various companies are providing the product in different sizes and for wide application ranges. For instance, ITP Packaging is offering plastic jerry cans ranging from 5ltr to 30ltr and come in a range of designs and colors. Furthermore, small amounts of liquid can be transported safely and securely using a plastic jerry can. ITP Packaging carries a large selection of plastic jerry cans made of high-density polyethylene (HDPE) designed for different applications
Geographical Penetration
Asia-Pacific Growing Packaging Industry and Presence of Key Players
Asia-Pacific holds more than 63.4% of the packaging industry which has made it contribute more than half a share in the global jerry cans market. The regional growth is due to the presence of various key players and small players in the market. The region's economic growth, rapid industrialization, and increasing urbanization have contributed to the demand for various packaging solutions, including jerry cans, across multiple sectors.
The manufacturing sector has shown tremendous growth in the region. For instance, As the world's second-largest economy continues to struggle with the prolonged real estate crisis, China's industrial sector continued to rise in December 2022. The manufacturing industry is expected to grow by 50% over the next 10 years, according to Singapore's Manufacturing 2030 plan.
Furthermore, Thailand 4.0 was introduced in 2016 by the Thai government. The 20-year national development master plan seeks to transform Thailand's economy into one that is centered on innovation.
Major Key Players
The major global players include SCHÜTZ GmbH & Co. KGaA, Greif, Inc, Barrier Plastics, Inc, Scepter Corporation, Midwest Can Company, Mauser Group, Denios AG, CurTec, NUOVA PLASTICA ADRIATICA Srl and Parekhplast India Limited.
COVID-19 Impact Analysis
The pandemic outbreak has set both positive and negative impacts on the jerry cans market. For instance, Demand for essentials including food, drinks, sanitizers, cleaning supplies, and other home goods spiked in the early stages of the pandemic. As a result of the rising demand for these goods, jerry cans were more frequently required as a packing option for different liquids.
However, global supply networks were disrupted by the pandemic, which had an impact on jerry can manufacture and distribution. Delivery delays and cost increases were caused by manufacturing and logistics issues.
Russia-Ukraine War Impact
Russia is a major manufacturer of jerry cans, producing a significant share of the global supply. The considerable presence of both Russia and Ukraine in the jerry can industry affects the dynamics of supply and demand globally. Their production capabilities and market actions have an impact on the worldwide market's accessibility, cost, and competition. In addition, both countries' expanding industrial, automotive, agricultural, and chemical industries have a direct impact on the need for jerry cans.
Scope
By Material
- Plastic
- Metal
By Capacity
- Below 5 liters
- 5 to 10 liters
- 10 to 20 liters
- 20 to 30 liters
- Above 30 liters
By End-User
- Food and Beverages
- Vegetable Oils
- Juice & Milk
- Chemicals and Petrochemicals
- Hazardous
- Non-Hazardous
- Agriculture
- Fertilizers
- Pesticides
- Oil and Lubricants
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- On November 29, 2021, the international social brand JERRYBAG announced to launch its environmentally friendly Jerrycan Water Bottle on the KICKSTARTER worldwide crowdfunding website. The vintage Jerrycans served as the inspiration for the creation of the recycled Jerrycan Water Bottle. They come in two sizes, 400 ml and 800 ml, with the 400 ml bottle being the most portable because it can be carried around in our pockets.
- On January 17, 2023, U.S. Consumer Product Safety Commission (CPSC) is manufacturing gas cans and other fuel containers safer by requiring flame mitigation devices. The new mandatory safety standard will go into effect in July 2023.
- On June 24, 2022, In a press release published by EPR Indonesia, Various hotels and restaurants agreed to reduce plastic with recycled jerrycans. In the Jakarta region, at least 12 hotel and restaurant partners, as well as 2 wholesalers, consented to participate in this program. "Over the next 12 months, we expect to take part in the collection of at least 5,000 used HDPE plastic jerry can packaging for recycling, while also encouraging the adoption of the best circular economy procedures.
Why Purchase the Report?
- To visualize the global jerry cans market segmentation based on material, capacity, end-user and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of jerry cans market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global jerry cans market report would provide approximately 61 tables, 60 figures and 201 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
