Jerry Cans Market Overview, Challenges, Opportunities, Trends and Market Analysis By 2023
Jerry Cans Market Highlights
Jerry cans are available in various shapes, designs, colors, and sizes. The petroleum and lubricants market is expected to grow at a high pace due to rapid increase in automobile sales which contributes to the growth of jerry cans market. Jerry cans offer moisture resistance, are leak-proof, and provide odorless storage. One of the major factors driving the jerry can market is continuous innovation in product development which results in addition of features such as funnels and other equipment for dispensing the contents.
Hence, the global jerry cans market is expected to grow at a CAGR of 4.3% during the forecast period.
Market Segmentation
For the purpose of this study, the global jerry cans market has been divided on the basis of five segments namely material, capacity, molding process, end user, 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 durable, leakage-free, chemical and temperature resistant, and lightweight packaging.
On the basis of capacity, the market has been segmented into below 10 liters, 10 to 25 liters, and above 25 liters. Jerry cans below 25 liters capacity dominate the segment and are expected to grow at the highest CAGR during the forecast period. Rise in demand from various applications like food & beverages and agrochemicals driving the growth of this segment. 10–25 liters segment is also expected to register substantial growth in the forecast period.an
On the basis of molding process, the market has been segmented as 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 for various industrial applications is driving the growth of this segment.
Key Players
The prominent players in the Jerry Cans market
- 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)
- SCHÜTZ GmbH & Co. KGaA (Germany) and among others.
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