VALLEY COTTAGE, N.Y. – Jerry cans have emerged as a suitable option for storing various kinds of liquids, including fertilizers, chemicals, and lubricants. In addition, they are making forays in food & beverage sector as an ideal packaging solution for storing food products. Manufacturers are offering jerry cans tailored as per customers’ requisite. In addition, they are utilizing recyclable materials, including polyethylene terephthalate (PET), for manufacturing jerry cans to achieve sustainability as well as legal compliance. On the contrary, industrial operators are turning to intermediate bulk containers (IBC) as a cost-efficient and space-saving alternative.
Market players are eyeing Western Europe and Asia Pacific exclusive Japan (APEJ) for enhanced business footprint on back of flourishing food & beverage industry. FMI, in its new business study, finds that global jerry cans market is projected to grow at a promising CAGR of ~5% over forecast period (2019 – 2029).
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Surging Adoption in Food & Beverage Industry
FMI reveals that adoption of jerry cans remains prominent in food & beverage sector, primarily attributed to increasing demand for vegetable oil, milk and juices. Research studies suggest that the global market of vegetable oils is growing at a modest pace. Whilst countries, including India, and the US, are leading producers of milk and milk products worldwide. Demand for packaged juices is set to increase steadily, especially among health-conscious individuals.
The food & beverage industry is estimated to peg ~US$ 16 Tn by next year, of which sales of packaged items will exhibit steady progress. Driven by the trends, demand for jerry cans in food & beverage packaging formats is poised to observe healthy growth.
Preview Analysis of 2019 Analysis and Review of Jerry Cans Market by Material – Plastic and Metal for 2019 – 2029:https://www.futuremarketinsights.com/reports/jerry-cans-market
Plastic Jerry Cans Maintain their Hegemony
Plastic continues to be material of choice in manufacturing jerry cans, contributing to ~85% market share, remarks FMI. Although metal jerry cans offer better durability, they are relatively heavier, and susceptible to rust. In addition, metal jerry cans can explode in case of fire, resulting in their gradual demand growth.
On the other hand, plastic jerry cans are lightweight, enabling comparatively easier and cheaper transportation. In addition, they are highly resistant to chemicals, making them suitable for storing agrochemicals, and industrial fluids. Although plastic jerry cans pose the risk of contaminating the content within due to degradation, their benefits outweigh the disadvantages.
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Analysts at FMI suggest that “Jerry cans market continue to flourish following continuous usage of lubricants by industrial and manufacturing sectors. Despite onset of alternatives, such as IBCs, sales of jerry cans remain sustained owing to growing chemicals and food & beverage industries.”
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