Plastic Jerry Cans Market Size, Share, Opportunities, And Trends By Capacity (Below 10 Liters, 10 Lt to 25 Liters, Above 25 Liters), By End Use (Food & Beverage, Agrochemicals, Industrial Chemicals, Petroleum & Lubricants), And By Geography - Forecasts From 2023 To 2028

The plastic jerry cans market is projected to show steady growth during the forecast period.

During the projected period, the worldwide plastic jerry cans market is predicted to rise at a strong CAGR, largely due to expansion in the chemicals, oil, and lubricant industries. Furthermore, plastic jerry cans' characteristics such as leak-proof quality, moisture resistant factor, and odorless features increase demand for the jerry cans industry. Market participants are stressing the process of revamping jerrycans to minimize weight while maintaining quality. As a result, providers are continuously looking for new ways to provide clients with creative, lightweight, and convenient jerry cans. Lightweight is one of the ways the end-user sector is attempting to cut packing costs and increase overall production sustainability. Furthermore, the greater durability and profitability of employing lightweight jerrycans is encouraging suppliers to lower the weight of metal cans. This increases demand for lightweight plastic jerry cans, propelling market development throughout the predicted period.

Introduction:

A plastic jerrycan is a container used for storing fluids. Given their many sizes, forms, and patterns, Jerry cans have evolved into an ideal storage container. Furthermore, plastic jerrycans are available in a variety of colors that reflect various items being kept. For example, red represents gasoline, yellow represents diesel, and blue represents kerosene. Jerrycan is a robust container that was initially designed for military use to carry fuel. However, it is now widely used for the storage of a wide range of liquid products including fuel, oil, chemicals, and pharmaceuticals, among others. Increasing demand for energy in several developing countries across the globe is expected to benefit the oil & gas industry, thereby creating a significant demand for jerry cans in the foreseeable future. Moreover, the global plastic jerry cans market is expected to rise significantly throughout the forecast period due to rising urbanization, industrialization, and increasing manufacturing and construction industries, particularly in several emerging nations around the world.

Drivers:

• Rising demand from the chemical industry is the primary market driver: The market for plastic jerry cans is predicted to increase throughout the forecast period due to increased demand from the paint, ink, and dye industries. Jerry cans can transport and contain chemicals while delivering them without compromising their quality.
• The need for safe packaging is one of the primary reasons fueling the market growth: One of the primary drivers boosting plastic jerry can demand is the necessity for safe and bulk packaging solutions in a variety of sectors such as chemicals, food and beverage, and others. The reusability and recycling of plastic jerry cans are expected to increase their global acceptance eventually aiding in the market growth.
• Plastic jerry cans are cost-effective and lightweight which promotes the market demand: Plastic jerry cans are predicted to be in high demand in a variety of industries, including food and beverage, industrial, and chemical, because of their low cost and durability. Jerry cans were originally used to transport gasoline in the military. However, because of their low cost and storage capacity, plastic jerry cans are becoming more used in a variety of sectors.
• Plastic jerry cans are corrosion resistant and hence are widely used: Lubricants have the potential to be corrosive and hazardous to certain materials. Jerrycans are often built of high-quality materials such as HDPE (High-Density Polyethylene), which resists corrosion and lubricant damage, maintaining product integrity. Owing to these features, the demand for jerrycans for lubricant packaging remains high, and manufacturers continue to see them as the preferable packaging solution in the lubricant business. During the projected period, this will fuel the growth of the worldwide jerrycans market.

Products offered by key companies:

• Jerrycan - Euro New / JCR, Greif Inc.: The Jerrycan JCR is a novel design that boosts performance while utilizing less raw materials. The strengthened frame adds robustness while also allowing for a weight reduction over ordinary jerrycans. These include additives for barrier protection against penetration and can be customized.
• 10l Atlas Canister, Berry Global, Inc.: ATLAS canisters are a new lightweight HDPE canister line with unusual stacking qualities, designed for harsh environments. These canisters are ideal for storing chemical and food materials.

The prominent growth in the below 10 liters sector under the capacity segment

The below 10 liters segment is anticipated to expand significantly and have a major market share over the forecast period. Small organizations and individuals choose below 10-litre size because it provides a good mix between portability and holding a significant volume of liquid. Retailers can offer liquids in smaller volumes, which has raised demand for plastic jerrycans with a reduced capacity as customers choose more manageable sizes for usage at home. For individual users who need to carry small amounts of liquid, smaller jerry cans are appropriate. They may be utilized for outdoor pursuits such as hiking, camping, and picnics.  Therefore, it is anticipated that demand for plastic jerrycans with a capacity of fewer than 10 liters will rise, supporting the market's expansion throughout the projected timeframe.

The Asia Pacific region is expected to hold a significant share of the plastic jerry can market:

Throughout the projection period, the Asia Pacific region is expected to grow at the fastest rate. The demand for various chemicals and petrochemicals is expected to rise due to rapid industrialization and growing construction and manufacturing sectors. The Asian Pacific jerry can market is expected to increase considerably because of the increasing demand for plastic jerrycans from nations like Korea, Singapore, Australia, and Japan. China is one of the main suppliers of jerry cans to the world market.

Additionally, APAC has seen a rise in the demand for cooking oils, lubricants, and automotive fuels, all of which have greatly aided in the market segment's expansion. The region's demand for automobiles has increased due to the region's rapid urbanization and the emergence of middle-class groups. This raises the need for chemicals and fuels like gas, lubricants, diesel, and gasoline even more. Consequently, throughout the projected period, these factors are anticipated to propel the market in the area. 

Key developments:

• In June 2022, Grief, Inc. confirmed the introduction of a lightweight, high-performance jerrycan for agrochemicals, chemicals, drinks, flavors, and perfumes in Brazil.
• In May 2022, Myers Industries, Inc. boosted its production capacity by obtaining a rotational molding factory in Georgia.

Segmentation:

• By Dispense Capacity
  • Below 10 Liters
  • 10 Lt to 25 Liters
  • Above 25 Liters
• By End Use
  • Food & Beverage
  • Agrochemicals
  • Industrial Chemicals
  • Petroleum & Lubricants
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain  
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. PLASTIC JERRY CANS MARKET, BY DISPENSE CAPACITY

5.1. Introduction

5.2. Below 10 Liters

5.3. 10 Lt to 25 Liters

5.4. Above 25 Liters

6. PLASTIC JERRY CANS MARKET, BY END-USE

6.1. Introduction

6.2. Food & Beverage

6.3. Agrochemicals

6.4. Industrial Chemicals

6.5. Petroleum & Lubricants

7. PLASTIC JERRY CANS MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Spain

7.4.6. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Others

7.6. Asia Pacific

7.6.1. Japan

7.6.2. China

7.6.3. India

7.6.4. South Korea

7.6.5. Taiwan

7.6.6. Thailand

7.6.7. Indonesia

7.6.8. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

9. COMPANY PROFILES

9.1. Greif Inc.

9.2. Berry Global, Inc.

9.3. Mauser Packaging Solutions (Bway Holding Company)

9.4. Plas-Pak WA Pty Ltd.

9.5. Barrier Plastics Inc.

9.6. Rheem Indonesia. PT

9.7. Can-One Berhad

9.8. Scepter (Myers Industries)

9.9. Denios SE

9.10. Nexus Packaging Ltd.

Greif Inc.

Berry Global, Inc.

Mauser Packaging Solutions (Bway Holding Company)

Plas-Pak WA Pty Ltd.

Barrier Plastics Inc.

Rheem Indonesia. PT

Can-One Berhad

Scepter (Myers Industries)

Denios SE

Nexus Packaging Ltd.