Jerrycans Market Report Overview
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global jerrycans market size was USD 2274.2 million in 2021 and market is projected to touch 3575.88 Million by 2031, exhibiting a CAGR of 4.3% during the forecast period.
Jerrycans are a type of container used for the transportation and storage of liquids, typically fuel, oil, and water. They are made from high-density polyethylene (HDPE) and have a distinctive rectangular shape, with a capacity ranging from 5 to 20 liters. Jerrycans are known for their durability and versatility, making them popular with both military and civilian users. They are designed to be stackable, with a strong handle on the top for easy carrying. Many jerrycans also have a built-in spout for pouring liquids without spilling. Jerrycans are widely used in developing countries where reliable access to fuel and water is limited. They are often used for long-distance transportation of these essential resources, as they are able to withstand rough handling and extreme temperatures. Today, jerrycans are still used by militaries around the world and by individuals and businesses for a variety of purposes, including camping, boating, and emergency preparedness. They are also used in many industries, including agriculture, construction, and transportation, for the storage and transport of liquids.
The global jerrycans market is expected to grow at a steady pace in the coming years. The market is primarily driven by the increasing demand from the automotive and chemical industries, as well as the growing need for safe and reliable packaging solutions for liquids. The market is characterized by the presence of several key players who offer a wide range of jerrycans in different sizes and materials.
COVID-19 Impact: Lockdown Caused Low Availability of Raw Materials Hampering the Market Growth
The Covid-19 pandemic has had a mixed impact on the jerrycans market. The demand for jerrycans used in the healthcare industry, particularly for the storage and transportation of vaccines and other medical supplies, has increased significantly during the pandemic. On the other hand, the demand for jerrycans used in the automotive and oil and gas industries has declined due to the slowdown in economic activity caused by the pandemic. The disruption in global supply chains has also affected the availability of raw materials and components required for the production of jerrycans.
Latest Trends
"Use Sustainable and Eco-Friendly Materials for Production to Boost the Market Development"
One of the major trends in the jerrycans market is the increasing use of sustainable and eco-friendly materials for the production of jerrycans. Plastic jerrycans are being replaced by jerrycans made from biodegradable and recyclable materials such as paperboard, sugarcane, and cornstarch. These materials not only reduce the environmental impact of jerrycans but also provide cost savings to the end-users.
Jerrycans Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into Plastic (HDPE), Metal. Plastic (HDPE) being the leading segment of the market by type analysis.
- By Application Analysis
Based on application, the market can be divided into Food and Beverages, Agrochemicals, Industrial Chemicals, Petroleum and Lubricants, Others. Food and Beverages being the leading segment of the market by application analysis.
Driving Factors
"Increasing Demand from The Automotive Industry to Drive the Market Growth"
The automotive industry is one of the major end-users of jerrycans. Jerrycans are used for the storage and transportation of fuels and other liquids used in vehicles. The increasing demand for automobiles, particularly in emerging economies, is driving the growth of the jerrycans market. Additionally, the increasing adoption of electric vehicles is expected to boost the demand for jerrycans used for the storage and transportation of batteries and other components.
"Growing Demand from The Chemical Industry to Drive the Market Development"
The chemical industry is another major end-user of jerrycans. Jerrycans are used for the storage and transportation of various chemicals used in the production of plastics, pharmaceuticals, and other products. The increasing demand for chemicals, particularly in the Asia Pacific region, is driving the growth of the jerrycans market.
Restraining Factors
"Increasing Competition to Impede the Market Growth"
One of the main challenges facing the jerrycans market is the increasing competition from alternative packaging solutions such as flexitanks, intermediate bulk containers (IBCs), and drums. These packaging solutions offer advantages such as higher storage capacity, lower transportation costs, and ease of handling, which are driving their adoption in various end-use industries.
Jerrycans Market Regional Insights
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"High Demand for Jerrycans in The Automotive and Chemical Industries in North America to Bolster the Market Growth of the Region"
North America is a significant market for jerrycans, driven primarily by the high demand for jerrycans in the automotive and chemical industries. In the automotive industry, jerrycans are used for the storage and transportation of fuels and other liquids used in vehicles. The growing demand for automobiles, particularly in the United States, is driving the growth of the jerrycans market in the region. Additionally, the adoption of eco-friendly materials for the production of jerrycans is contributing to the growth of the market in the region. Many manufacturers in North America are focused on producing jerrycans from biodegradable materials, such as cornstarch and sugarcane, to address environmental concerns.
The Asia Pacific region is expected to be the fastest-growing market for jerrycans, driven by the increasing demand from the automotive and chemical industries in countries such as China and India. In the automotive industry, jerrycans are used for the storage and transportation of fuels and other liquids used in vehicles. The increasing demand for automobiles in the region, particularly in China and India, is driving the growth of the jerrycans market. Additionally, the chemical industry in the region is growing rapidly, with a focus on production of plastics, pharmaceuticals, and other products. This is driving the demand for jerrycans used for the storage and transportation of various chemicals. The growing industrialization and urbanization in the region are also contributing to the growth of the jerrycans market.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Scepter Canada Inc (Canada)
- Mauser Group B.V (Netherlands)
- Greif Inc (U.S.)
- Elkhart Plastics, Inc (U.S.)
- Barrier Plastics, Inc (U.S.)
- WERIT Kunststoffwerke W. Schneider GmbH & Co.KG (Germany)
- Denios AG (Germany)
- Techno Packaging Industries (U.A.E.)
- Burkle (Germany)
- Sotralentz (France)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 2274.2 Million in 2021 |
Market Size Value By |
US$ 3575.89 Million by 2031 |
Growth Rate |
CAGR of 4.3% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global jerrycans market expected to touch by 2031?
The global jerrycans market is expected to touch USD 3575.89 million by 2031.
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What CAGR is the jerrycans market expected to exhibit during 2024-2031?
The jerrycans market is expected to exhibit a CAGR of 4.3% over 2024-2031.
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Which are the driving factors of the jerrycans market?
Increasing demand from the automotive industry and growing demand from the chemical industry are the driving factors of the jerrycans market.
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Which are the top companies operating in the jerrycans market?
Scepter Canada Inc, Mauser Group B.V, Greif Inc, Elkhart Plastics, Inc and Barrier Plastics, Inc are the top companies operating in the jerrycans market.