NEW
YORK, June 28, 2024 /PRNewswire/ -- The global
jerrycans market size is estimated to grow by USD 586.3 million from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
over 4.93% during the forecast period. Increase in
demand for jerrycans from end-user industries is driving
market growth, with a trend towards increased focus on
lightweight packaging. However, volatility in raw material
prices poses a challenge. Key market players include AST
Kunststoffverarbeitung GmbH, Barrier Plastics Inc., Berlin
Packaging LLC, Berry Global Inc., BWAY Corp., Can One Berhad,
DENIOS Ltd., Ganesh Corp., Ghansham Ice Box Manufacturers, Glow
Packaging Pvt. Ltd., Greif Inc., Interplastica Pvt. Ltd., Mitsuchem
Plast Ltd., Myers Industries Inc., P. Wilkinson Containers Ltd.,
PAREKHPLAST India LTD., SCHUTZ GmbH and Co. KGaA, Techno Packaging
Industries, Unique Enterprises, and Yates Steels Ltd..
![Technavio has announced its latest market research report titled Global jerrycans market 2024-2028 Technavio has announced its latest market research report titled Global jerrycans market 2024-2028](https://mma.prnewswire.com/media/2449906/IRTNTR70942_bw_info_v4.jpg)
Get a detailed analysis on regions, market segments, customer
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report
Jerrycans Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.93%
|
Market growth
2024-2028
|
USD 586.3
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.45
|
Regional
analysis
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 41%
|
Key
countries
|
US, China, Japan, UK,
and Germany
|
Key companies
profiled
|
AST
Kunststoffverarbeitung GmbH, Barrier Plastics Inc., Berlin
Packaging LLC, Berry Global Inc., BWAY Corp., Can One Berhad,
DENIOS Ltd., Ganesh Corp., Ghansham Ice Box Manufacturers, Glow
Packaging Pvt. Ltd., Greif Inc., Interplastica Pvt. Ltd., Mitsuchem
Plast Ltd., Myers Industries Inc., P. Wilkinson Containers Ltd.,
PAREKHPLAST India LTD., SCHUTZ GmbH and Co. KGaA, Techno Packaging
Industries, Unique Enterprises, and Yates Steels Ltd.
|
Market Driver
The global jerrycans market is witnessing significant growth as
vendors focus on redesigning jerrycans to reduce weight while
maintaining quality. Innovative lightweight jerrycans, such as
Baritainer by Barrier Plastics, offer improved sustainability and
cost-efficiency. Weighing half that of conventional steel
jerrycans, these squared jerrycans reduce truckloads and carbon
emissions, making them an attractive option for end-user
industries. The shift towards lightweight jerrycans is expected to
continue, driving market expansion during the forecast
period.
The Jerrycan market has seen significant growth in recent times
with various players introducing innovative designs and capacities.
The demand for jerrycans is high in industries such as oil and gas,
agriculture, and water storage. Durability and resistance to harsh
environments are key features sought after by buyers. The market is
competitive with companies offering a range of sizes from 5 to 200
liters. Fuel-proof and lightweight jerrycans are trending due to
their convenience and cost-effectiveness. Additionally, the use of
advanced materials like polyethylene and metal has gained
popularity for their durability and resistance to corrosion.
Overall, the Jerrycan market is expected to continue its growth
trajectory in the coming years.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- The global jerrycans market faces challenges due to volatile
raw material prices. Fluctuations in iron ore and crude oil prices
directly impact the cost of steel and polymer resins, key materials
in jerrycan manufacturing. Long-term contracts with suppliers help
mitigate risks but reduce bargaining power. US tariffs on steel
imports and crude oil price uncertainty increase production costs,
threatening vendor profit margins and market growth.
- The Jerrycan market faces several challenges in its operations.
One significant challenge is the need for durable and reliable
containers for storing and transporting various liquids. Another
challenge is ensuring the cleanliness and hygiene of these
containers to prevent contamination. Additionally, the market must
comply with regulations regarding the use and disposal of
Jerrycans. Furthermore, competition from other container types and
increasing costs are also major challenges. Lastly, maintaining an
adequate supply of Jerrycans to meet demand can be a challenge due
to seasonal fluctuations and unpredictable market trends.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This jerrycans market report extensively covers market
segmentation by
- Capacity
- 1.1 Below 10 liters
- 1.2 10-25 liters
- 1.3 Above 25 liters
- Material
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Below 10 liters- The below 10-liter segment
dominates the global jerrycans market due to its balance between
capacity and portability. Retail businesses catering to smaller
liquid quantities drive demand for these jerrycans. Individuals
prefer them for outdoor activities and to minimize environmental
impact. Thus, the demand for jerrycans under 10 liters is
anticipated to grow significantly, contributing to market
expansion.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Jerrycans Market encompasses a wide range of containers,
primarily used for storing and transporting various liquids,
including food and beverages, agrochemicals, petrochemicals,
specialty chemicals, commodity chemicals, dyes, pigments, printing
inks, magazines, high-end coatings, and marine products. To cater
to evolving market demands, traditional Jerrycans are being
revamped with advanced features such as odorless storage, moisture
resistance, and leakage prevention. Both Plastic and Metal
Jerrycans are popular choices due to their lightweight and
durability properties. The market for Jerrycans continues to grow,
driven by the increasing need for efficient and reliable liquid
storage solutions across diverse industries.
Market Research Overview
The Jerrycans Market encompasses a wide range of products and
solutions, primarily focused on the storage and transportation of
liquids. These containers, often made of plastic or metal, come in
various sizes and shapes to cater to diverse industry requirements.
The market witnesses significant demand from sectors such as
agriculture, construction, and oil and gas, among others. Features
such as durability, portability, and ease of use are key
considerations for consumers in this market. Additionally,
advancements in technology have led to the development of
innovative Jerrycan designs, including those with integrated taps
and stackable features, further enhancing their utility and
convenience. Overall, the Jerrycans Market is a dynamic and
evolving industry that continues to adapt to the changing needs of
its customers.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Capacity
-
- Below 10 Liters
- 10-25 Liters
- Above 25 Liters
- Material
-
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio