Global Safety Cans Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Safety Cans Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Safety Cans are a storage container. Safety Cans are used to store flammable liquids such as gasoline, oil-air mixtures or other flammable/flammable liquids.

Market Overview:

The latest research study on the global Safety Cans market finds that the global Safety Cans market reached a value of USD 166.44 million in 2022. It’s expected that the market will achieve USD 207.7 million by 2028, exhibiting a CAGR of 3.76% during the forecast period.

Opportunities

The downstream market continues to expand
At present, Safety Cans products are widely used in Pharmaceutical Sector, Manufacturing Sector, Oil and Gas Industry and other fields, and are mainly used for storage of flammable or dangerous liquids in this field. With the continuous development of social economy, the market scale of Pharmaceutical Sector, Manufacturing Sector, Oil and Gas Industry and other industries is also expanding. Take the Oil and Gas Industry as an example. Products are used for storage, transportation and distribution of products such as gasoline or diesel. As the global economy continues to recover, the market demand for gasoline or diesel continues to increase, thereby increasing the demand for Safety Cans. In addition, in the pharmaceutical field, Safety Cans are also widely used to store and distribute various flammable and hazardous liquids. With the government's strong support for the development of the pharmaceutical industry and the continuous increase in people's income levels, the market size of the pharmaceutical industry has also continued to increase.
In general, with the continuous growth of the market size of industries such as Pharmaceutical Sector, Manufacturing Sector, and Oil and Gas Industry, the demand for Safety Cans for storing and transporting related flammable liquids in these fields has increased. The continuous expansion of the downstream market is one of the opportunities for the development of industry companies.

Market Risk

Strict quality control Safety Cans products store flammable or hazardous liquids. Due to the particularity of flammable liquids, Safety Cans need to meet a series of requirements on product quality compared to other types of storage containers. For example, products need to comply with OSHA 29 CFR 1910.106, 1926.152 and NFPA Code 30 standards. At the same time, Safety Cans may also need to meet a series of certifications in the market. For example, in the United States, many local laws and insurance companies require Safety Cans to be Factory Mutual (FM) or Underwriter Laboratory (UL) approved. These two organizations are nationally accredited independent testing laboratories to which manufacturers submit products to evaluate their ability to meet safety requirements for their intended use. Also, if Safety Cans will be used to transport flammables or combustible liquids on roads, they must meet Department of Transportation (DOT) specifications. In general, due to the particularity of the use of Safety Cans, the market has high requirements for product quality, and the government and relevant agencies strictly supervise its quality. Strict quality regulation will be one of the challenges faced by small and medium-sized enterprises in the industry.

Region Overview:

In 2021, the share of the Safety Cans market in North America stood at 49.95%.

Company Overview

Justrite
Founded in 1906, Justrite is a leading manufacturer of storage, handling and workplace safety products. The company's flagship product is the Justrite Safety Tank, a safety tank for the storage and transfer of flammable liquids. Justrite is a global leader in the manufacture of safety tanks, safety cabinets, outdoor safety storage, spill containers, cylinder storage equipment, and a range of custom industrial safety solutions. In 2018, the company acquired Eagle Manufacturing Company.
DENIOS
DENIOS offers the best selection of hazardous waste storage, flammable storage and chemical storage products to protect the environment and provide workplace storage safety. The company designs and manufactures a full line of chemical storage, handling and containment products. The company offers custom engineered storage solutions for specific applications as well as innovative standard storage and containment products for any business that handles, stores or processes hazardous chemicals.

Justrite is one of the major players operating in the Safety Cans market, holding a share of 74.95% in 2022.

Segmentation Overview:

1 gal
Distinguish according to the capacity of the product. This type refers to products with a capacity of 1 gal.
2 gal
This type refers to products with a capacity of 2 gal.
2.5 gal
This type refers to products with a capacity of 2.5 gal.
5 gal
This type refers to products with a capacity of 5 gal.

By type, 1 gal segment accounted for the largest share of market in 2021.

Application Overview:

According to different product application fields, it is divided into Construction Sector, Chemistry & Pharmaceuticals, Manufacturing Sector, Oil and Gas Industry, Mining Industry, etc. For example, in the Construction Sector field, Safety Cans provide safe storage of various liquids in active construction areas. In the Chemistry & Pharmaceuticals, products provide storage and distribution solutions for flammable and hazardous liquids in the products manufacturing process. In the field of Manufacturing Sector, products provide safe handling solutions for production lines that may use a variety of different flammable liquids or hazardous materials.

By application, the Chemistry & Pharmaceuticals segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Safety Cans market covered in Chapter 3:

Rötzmeier Sicherheitsbehälter
Safeway Products
SYSBEL
DENIOS
Bürkle GmbH
Justrite

In Chapter 4 and Chapter 14.2, on the basis of types, the Safety Cans market from 2018 to 2029 is primarily split into:

1 gal
2 gal
2.5 gal
5 gal
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Safety Cans market from 2018 to 2029 covers:

Construction Sector
Chemistry & Pharmaceuticals
Manufacturing Sector
Oil and Gas Industry
Mining Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)