Global Plastic Jerry Cans Market
September 1, 2021 ⚊ 6 Min read ⚊ Views 288 ⚊ BUSINESS
Global Plastic Jerry Cans Market was valued $xx Mn in 2019 and is expected to reach $xx Mn by 2026, at a CAGR of 4.2%. Jerry cans are common containers used for the storage of fuel, water, oil, chemicals, and other liquids. There are two types of jerry cans available in the market – metal and plastic jerry cans. Plastic jerry cans are highly preferred by end users, due to properties such as high durability, lightweight, and less expensive as compared to metal jerry cans. Plastic jerry cans are more non-reactive to chemicals as compared to metal jerry cans, due to which, they are used for lubricant and chemical storage. The report has profiled fifteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in APAC region. Major countries’ policies about manufacturing and their impact on the market demand are covered in the report.
Global Plastic Jerry Cans Market Dynamics:
Manufacturers are focusing on new innovative packaging to increase sales, which include refilling of gas in jerry cans. With advancements in shipping and logistics industries, manufacturers are providing gas knobs in jerry cans as a part of new innovative designs. Moreover, intercontinental trade of petroleum, oil, and lubricants is expected to remain positive in the next five years. These factors are driving the sales of jerry cans in the market. Several global economies, as well as infrastructure development are largely dependent on the oil & gas industry. In addition, countries such as Brazil, China, and Russia among others are further increasing their oil & gas production as well as exploration efforts. Also the ongoing shale oil exploration and production activities in the U.S. coupled with increasing oil exports from the U.S. are in turn likely to have a positive impact on market growth. Jerry cans are widely used for carrying several dangerous goods including chemicals, as well as diesel and petrol fuels due to which these cans have to adhere to several regulations and standards laid down by government organizations across different countries. Jerry can manufacturers are increasingly focusing on the development of jerry cans having innovative designs that are light in weight, thereby offering greater customer convenience which is further expected to have a positive impact on the market growth.
Manufacturers are Focusing on Sustainable Innovations for Plastic Jerry Cans
The increased intolerance for plastic use is expected to restrain the growth of the plastic jerry cans market. Due to this threat, manufacturers are focusing on research and development for using sustainable material for the manufacturing of plastic jerry cans. Grief Inc.’s Brazilian team developed one of the first sustainable multilayer 10-liter plastic jerry cans made from polyethylene resin derived from sugarcane. The company also developed 20 liter monolayer plastic jerry cans for agrochemicals, weighing less than 1 kg (980 g), to provide lightweight solutions to end users.
Global Plastic Jerry Cans Market Segment Analysis
Global Plastic Jerry Cans Market Segment Analysis To Know About The Research Methodology :- Request Free Sample Report Plastic segment dominates the market share of 80% by value, in 2019. Plastic jerry cans are preferred due to their long lasting, leakage free, chemical and temperature resistant, and lightweight features which drive their preference to a certain extent. In terms of raw material, HDPE is most extensively used material for the manufacturing of plastic jerry cans. In addition, it offers excellent resistance to most solvents and has a good low-temperature resistance. Furthermore, it exhibits a strong barrier against moisture. All these properties, in turn, make it ideal for manufacturing jerry cans. Some major players engaged in the production of high-density polyethylene include Borealis AG, LyondellBasell Industries Holdings B.V., and PetroChina Company Limited, among others By Capacity, The 10 to 25 liters capacity segment is anticipated to dominate the global jerry can market owing to the growing demand from chemical, petrochemical, and food & beverage industries among others. Jerry cans with a capacity below 10 liters are widely used for packaging smaller quantities of products such as agrochemical as well as household chemicals, among others. The oil & gas end-use segment is anticipated to hold a major share of xx% during forecast period in the global jerry can market due to the growing demand for various products such as petrol, and diesel, among others. Jerry cans are also used in the food & beverage industry for the transportation and storage of products such as water, juices, vegetable oils, and milk among others.
Global Plastic Jerry Cans Market, by Region
Asia Pacific market is projected to witness the highest growth during the forecast period. This growth can be attributed due to the evolving industrialization trend, increased consumer spending, and improved production and exports of edible oil. Countries such as China, India, and Indonesia are anticipated to be lucrative plastic jerry can markets in the Asia Pacific region. Asia Pacific is expected to be a prominent plastic jerry cans market by the end of 2026. Western Europe is estimated to be a key manufacturer and supplier of plastic jerry cans to the world. High volume petroleum production and exports are attributed to be the key drivers for the growth of the Middle East & Africa plastic jerry cans market.
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Global Plastic Jerry Cans Market Scope: Inquire before buying
Global Plastic Jerry Cans Market Scope
Global Plastic Jerry Cans Market Key Players
• Group B.V. • Greif Inc. • Elkhart Plastics, Inc. • Barrier Plastics, Inc • SOTRALENTZ Packaging S.A.S. • Wilkinson Containers Ltd. • AST Kunststoffverarbeitung GmbH • Ipackchem Group SAS • DS Smith Plastics Ltd. • California Plastic Products • Promens hf • Can-One Berhad • Time Technoplast Ltd. • Yates Steels • Parekhplast India Limited
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