Global Jerry Cans Market - 2023-2030

Global Jerry Cans Market - 2023-2030

Global Jerry Cans market reached US$ 2.1 billion in 2022 and is expected to reach US$ 2.9 million by 2030 growing with a CAGR of 4.1% during the forecast period 2023-2030.

The global jerry cans market is highly competitive, with several established manufacturers and emerging players vying for market share. Key players hold nearly 40.5% of the market and small players predominantly in China and India cover more than 54.4% share in the region. The growing companies often focus on product innovation, quality and cost-effectiveness to gain a competitive edge which is creating future growth prospects for the market.

The oil & gas segment is anticipated to hold more than 1/3rd share in the global jerry can market owing to the rising demand for various products such as petrol and diesel, among others. The growing segment’s demand has also escalated the growth prospect for metal jerry cans providing a reliable and durable solution for the storage, transportation and dispensing of various types of fuel and lubricants.

Market Dynamics

Rising Demand for Durability and Safety Packaging Solutions in Oil and Lubricants Industry

Oils and lubricants are prone to contamination and the presence of contaminants or foreign materials can have an impact on how well they work and how long they last. Therefore, jerry cans coated with chemical-resistant materials are used by oil and lubricant companies to prevent the containers from reacting with the contents and contaminating them.

Jerry cans have shown high demand in oil and lubricants due to their easy-to-handle properties which include handles or grips that make them simple to carry and move, even when they are loaded with heavy liquids. Personnel handling these containers in industrial environments or during maintenance and servicing tasks will find this capability extremely useful.

Shift Towards Plastic-Free Packaging

Consumers and businesses are looking for packaging choices that have less of an effect on the environment as environmental issues are becoming more widely known. For individuals trying to cut back on their use of plastic, plastic-free jerry cans made of materials like metal or biodegradable plastic are a preferred option because they are seen as being more environmentally friendly. Companies are also investing in booting plastic-free packaging leading to driving the market of jerry cans in various regions.

For instance, On November 29, 2021, the international social brand JERRYBAG will 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

Stringent Regulations

Stringent regulations have severely hampered the growth of the packaging industry and with rising plastic impact and its associated regulations, many countries are reducing the dependency. For instance, 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.

Furthermore, jerry cans hold high demand in industries that majorly rely on trading like oil and lubricants. Different countries have specific regulations for jerry cans, leading to compliance complexities for manufacturers exporting their products. Trade barriers due to non-compliance could limit the market reach for jerry can manufacturers.

COVID-19 Impact Analysis

The COVID-19 pandemic has shown several impacts on the jerry cans market. Consumers turned to online purchasing as a result of lockdowns and social isolation measures. Since jerry cans are used for the safe and effective transportation of liquids, notably in the food, beverage and cleaning industries, the popularity of online shopping has increased the need for them.

Furthermore, during the pandemic, the healthcare industry was faced with unprecedented difficulties. Cans were crucial for the storage and transportation of medical supplies, sanitizers and disinfectants, which helped with the COVID-19 response. However, the market has faced challenges due to disruptions in supply chains, reduced industrial activity and environmental considerations.

Segment Analysis

The global jerry cans market is segmented based on material, capacity, end-user and region.

Metals’ Reusability And Longevity

Plastic holds a dominant share in the global jerry cans market however the rising shift of countries in reducing plastic dependency has encouraged the adoption of materials such as metal in the market. The metal jerry cans hold nearly 1/3rd share of the market however expected to show significant growth in the forecast period due to their reusability and longevity.

Furthermore, there are several uses for metal jerry cans in the oil and gas sector which is driving segmental growth. They are used to store and transport fuel for vehicles, machinery and equipment at construction sites, isolated regions and other places where there may be limited access to fuel stations.

Geographical Analysis

Asia-Pacific Growing Packaging Industry and Presence of Key Players

Asia-Pacific is growing significantly in the global jerry cans market and countries like India, China and South Korea hold more than 6.1% share in the region. There are several jerry can producers in the region that serve both domestic and foreign markets. Local production facilities offer financial benefits and permit prompt delivery to clients in the area leading to boost the product’s growth.

Furthermore, increasing awareness of environmental issues and sustainable packaging practices is influencing the demand for eco-friendly jerry cans made from recycled materials or those that can be recycled after use. The demand for jerry cans is also significantly influenced by the food and beverage sector in the region. Food goods that are liquid, such as sauces, drinks and edible oils, are packaged and transported in these containers.

Competitive Landscape

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.

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