The global jerry cans market is set to experience a substantial compound annual growth rate (CAGR) of 4.6% from 2023 to 2033, according to Future Market Insights (FMI). The growth of this industry can be attributed to various factors, with the increasing use of oil and lubricants being a significant driver.
Major corporations are increasingly focusing on innovative and creative packaging solutions to boost sales, which has led to a rising demand for jerry cans. With the growth and development of the transportation and logistics industries, as well as companies diversifying their product offerings, there is an increasing need for jerry cans equipped with fuel nozzles.
The demand for jerry cans is particularly driven by the growing use of oil and lubricants in sectors such as automotive, industrial, and energy. These cans provide a reliable and efficient solution for safely storing and transporting these liquids, making them essential for the increasing demand for oil and lubricants.
In addition to the use of jerry cans in the oil and lubricant industry, the market is expected to grow due to the rising demand for paint and dye, especially in the residential sectors. The strength and cost-effectiveness of plastic petrol cans are anticipated to contribute to their increased usage, leading to a projected 1.5x growth in the petrol cans market over the next decade, according to FMI.
The adoption of jerry cans in industrial and military applications is also expected to drive sales in the market. As a result, the jerry can market is predicted to reach a value of US$2.3 billion by the end of 2022.
Furthermore, jerry cans find application in packaging sanitary supplies, domestic goods, and agricultural chemicals. Manufacturers are focusing on bulk production to meet the demands of these significant end-users. Consequently, jerry can producers are investing heavily in research and development to create novel designs that will increase sales.
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Key Takeaways:
- The plastic segment is expected to hold approximately 85% of the value share by the end of 2023, driven by its lightweight, cost-effectiveness, and reusability.
- In terms of capacity, the above 25 litres segment is estimated to offer a growth opportunity of US$ 450 million during 2023 and 2033.
- The food & beverages segment is expected to register growth at a CAGR of 5.0% during the forecast period.
- South Asia is anticipated to be the most lucrative market for jerry cans, projected to grow 1.7 times the current market value during 2022 and 2032.
- The USA is expected to dominate the North America jerry cans market over the assessment period.
Jerry Cans Market Landscape
The key players operating in the global jerry cans market are Greif Inc. Berry Global, Inc., Mauser Packaging Solutions, Parekhplast India Limited, and Schutz GmbH & Co. KGaA. Also, some of the other noticeable players in the market include Plas-Pak WA Pty Ltd., IPACKCHEM Group SAS, Barrier Plastics Inc., and Rheem Indonesia. PT, Can-One Berhad, Scepter (Myers Industries), Safewell, Denios , WERIT Kunststoffwerke W. Schneider GmbH & Co., Nexus Packaging Ltd., LyondellBasell Industries Holdings B.V., and others.
Some of the leading companies operating in the market are:
- Greif Inc.
- Berry Global, Inc.
- Mauser Packaging Solutions
- Parekhplast India Limited
- Schutz GmbH & Co. KGaA
- Plas-Pak WA Pty Ltd.
- IPACKCHEM Group SAS
- Barrier Plastics Inc.
- Rheem Indonesia. PT
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Benefits of the Jerry Cans Market:
- Durability and Reliability: Jerry cans are manufactured using high-quality materials such as steel, aluminum, or plastic, ensuring durability and long-term use. They are resistant to impact, corrosion, and leakage, making them reliable for the safe storage and transportation of liquids.
- Versatility: Jerry cans are available in various sizes, ranging from a few liters to several gallons, accommodating different liquid storage needs. They are designed to be stackable, saving storage space and facilitating efficient logistics operations.
- Safety and Security: Jerry cans are equipped with secure closures, such as screw caps or bayonet locks, ensuring spill-proof and leak-proof performance. Many jerry cans feature specialized safety features like flame arresters or vent caps to prevent the entry of external elements and reduce the risk of accidents.
- Regulatory Compliance: The Jerry cans market adheres to stringent quality standards and regulations, ensuring compliance with safety guidelines and certifications. This compliance ensures that the cans meet international standards for the safe transportation and storage of hazardous liquids.
- Cost-effective Solution: Jerry cans offer a cost-effective solution for liquid storage and transportation compared to alternatives such as drums or bulk containers. They are lightweight, reducing shipping costs, and their reusable nature makes them a sustainable and economical choice.
Surging Demand for Jerry Cans in the United States and India: Stringent Regulations and Chemical Industry Expansion Drive Growth
In the United States, the demand for jerry cans is set to surge due to stringent regulations for food safety. The FDA mandates that all packaging materials used for consumable products must comply with federal regulations to ensure the preservation of food and beverages from harmful contaminants. To comply with these regulations, key jerry can manufacturers in the United States are utilizing FDA-approved materials, eliminating the risk of contamination. This adherence to regulatory standards is expected to drive a 1.4x growth in jerry can sales between 2022 and 2033.
Meanwhile, in India, the expansion of the chemical industry is bolstering the demand for jerry cans. India holds the distinction of being the world’s largest producer of agrochemicals, with substantial exports of organic and inorganic chemicals. The government’s efforts to promote the use of jerry cans for storage, coupled with tax rebates and financial support for chemical and fertilizer exports, are driving the growth of the chemical industry and subsequently increasing the demand for jerry cans. India is projected to account for one-fourth of the total sales of jerry cans in South Asia in 2023
Stringent Food Safety Regulations Drive Jerry Cans Demand in the United States:
The demand for jerry cans is set to surge across the United States due to the implementation of stringent regulations for food safety. The US Food and Drug Administration (FDA) has mandated that all packaging materials used for consumable products must comply with the Code of Federal Regulations to ensure food safety.
To adhere to these regulations, key manufacturers in the United States are using FDA-approved materials for producing jerry cans. This ensures that the packaging materials do not contaminate the final product and helps in preserving the quality and safety of food and beverages. As a result, the sales of jerry cans are projected to grow significantly, with an expected 1.4x increase between 2022 and 2033 in the United States.
India’s Chemical Industry Expansion Boosts Jerry Cans Demand
India has emerged as the largest market for jerry cans in South Asia, primarily driven by the expansion of the chemical industry. The country is the world’s largest producer of agrochemicals, and its chemical exports reached a significant value of US$ 22.2 billion in 2022.
The Indian government has been actively promoting the use of jerry cans for storage in the chemical industry. Initiatives such as tax rebates and financial support for chemical exporters have further propelled the demand for jerry cans in the country
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Jerry Cans Market by Category
By Material:
- Plastic
- Metal
By Capacity:
- Below 10 Liters
- 10 Lt to 25 Liters
- Above 25 Liters
By End Use:
- Food & Beverage
- Vegetable Oil
- Juices & Milk
- Agrochemicals
- Fertilizers
- Pesticides
- Industrial Chemicals Hazardous
- Non-hazardous
- Petroleum & Lubricants
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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