The global jerry cans market is set to gain a valuation of USD 2.3 billion in 2023 and is poised to further expand at a CAGR of 4.6% between 2023 and 2033 (forecast period). Sales are predicted to reach USD 3.5 billion by 2033. The sales of jerry cans are anticipated to bolster with the top 5 companies projected to hold approximately 15-20% of the market in 2022.
The plastic jerry cans segment is projected to dominate the global jerry cans market due to rising demand for durable, cost-effective, and light-weight jerry cans. The plastic jerry cans segment is anticipated to hold nearly 85% of the market value share by the end of 2023.
Demand for jerry cans reached a valuation of USD 2.2 billion in 2022. With rising demand for rigid bulk packaging due to expansion of chemical industry, the market is estimated to witness incremental USD 1.3 billion worth opportunity over the forthcoming decade.
One of the key factors driving the jerry cans demand is need for safe and bulk packaging solution in various industries including, chemicals, food & beverage, and others. The reusability and recyclability of jerry cans is predicted to improve the adoption worldwide. The jerry cans market is predicted to expand by 1.6 times during the forecast period.
Due to its cost-effectiveness and durability, jerry cans demand is expected to surge in diverse industries such as food & beverage, industrial, and chemical. Jerry cans were initially manufactured to transport fuel in the military sector. However, due to its cost-effectiveness and storage ability, the adoption of jerry cans increased in several industries.
Jerry cans are increasingly used to carry several goods such as petrol, diesel, chemical, and other materials to adhere to the government stringent regulations. Hence, jerry cans manufacturers are focusing on developing products that are light-weight, durable, and have appropriate melting point.
On the back of these factors, the jerry cans’ sales are expected to increase by 1.5x over the forecast period (2023 to 2033). Based on material, the plastic segment is expected to hold significant share in the global jerry cans market. As plastic is anti-corrosive and is light-weight, several industries are improving the adoption of plastic jerry cans.
| Attributes | Key Insights |
|---|---|
| Jerry Cans Market Size 2023 | USD 2.3 billion |
| Projected Market Size 2033 | USD 3.5 billion |
| Value CAGR (2023 to 2033) | 4.6% |
| Collective Value Share: Top 3 Countries (2023E) | 50% to 55% |
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Rising demand for protective solutions for chemical packaging to reduce the spoilage and wastage is expected to drive the demand for jerry cans over the upcoming decade. As per Future Market Insights (FMI), jerry cans sales are projected to rise at 4.6% CAGR between 2023 and 2033, in comparison to 3.7% CAGR recorded during 2016 and 2022.
Another key factor driving the demand for jerry cans is expansion of chemical industry. Increasing adoption of jerry cans in chemical industry is projected to fuel the growth over the forecast period. The chemical industry constitutes organizations that manufacture petrochemicals, specialty chemicals, commodity chemicals, etc. An integral part of the modern world economy, it transforms raw materials (metals, oil, air, water, natural gas, and minerals) into more than 70,000 different products.
As per the study, the demand for petroleum & lubricant products, agrochemicals, bulk beverages, commodity chemicals, is improving the growth in the market. Along with that, demographic shifts such as urbanization, industrialization, immigration, and the upsurge in the middle-class population are also boosting the jerry cans market.
H1-H2 Update
| Market Statistics | Details |
|---|---|
| Jan–Jun (H1), 2021 (A) | 3.9% |
| Jul–Dec (H2), 2022 (A) | 3.8% |
| Jan–Jun (H1),2022 Projected (P) | 4.4% |
| Jan–Jun (H1),2022 Outlook (O) | 4.7% |
| Jul–Dec (H2), 2022 Outlook (O) | 4.3% |
| Jul–Dec (H2), 2022 Projected (P) | 4.0% |
| Jan–Jun (H1), 2023 Projected (P) | 4.2% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | 30 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | 80 ↑ |
| BPS Change: H2, 2022 (O) - H2, 2022 (P) | 30 ↑ |
| BPS Change: H2, 2022 (O) - H2, 2022 (A) | 50 ↑ |
Expansion of Paint, Ink & Dye Industry to Create Profitable Opportunities for Jerry Cans’ Manufacturers
Increasing use of industrial drums in the transportation of liquids such as paints, inks, and dyes is expected to drive the demand for jerry cans. Jerry cans are one of the most suitable packaging solutions for shipping harmful and acidic fluids. They also play a dual role as effective warehouse storage options.
Due to high demand from paint, ink, and dye industry, the need for jerry cans is expected to surge over the forecast period. Jerry cans can transport and contain chemicals delivering the products without affecting their quality. As the demand for pigments is expected to grow, the sales of jerry cans will surge over the upcoming decade.
With growing demand for printing inks for magazines and printed packaging for ink transportation, the jerry cans manufacturers are expected to witness lucrative growth opportunities. In most high-tech applications such as automotive, construction, and marine products protection, high-end coatings and paint play a vital role, boosting the demand.
Low Packaging Scrap Generation and Reconditioning of Jerry Cans to Push the Sales
Ever-increasing environmental concerns over recycling and the safe disposal of packaging containers have resulted in the emergence of new stringent regulations and policies. The re-use of these containers, especially jerry cans made of metal, with previous residues may lead to cross-contamination.
This has led key manufacturers to provide reconditioning services. Reconditioned jerry cans undergo processes such as rebottling, washing, and furnace oxidation. After these, they are reinforced, dried, and finally purified of all residue particles from their last usage.
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Stringent Regulations for Food Safety to Fuel Jerry Cans Sales in the United States
As per the USA Food and Drug Administration (FDA), new rules for control of food safety includes that all the packaging materials used for packaging of consumable products must be regulated and permissible under the Code of Federal Regulations.
The above-mentioned rule allows only regulated materials to be used for packaging food & beverages across the United States to preserve the consumable items from harmful contaminants.
To monetize upon the government regulations, the key manufacturers of jerry cans across the United States are using FDA approved materials for producing jerry cans to eliminate the risk of contamination in the final product. The total sales of jerry cans are expected to grow by 1.4x between 2022 and 2033 in the United States.
| Country | USA |
|---|---|
| Market Share (2023) | 82.9% |
| Market Share (2033) | 82.0% |
| Basis Points (BPS) Analysis | -90 |
| Country | China |
|---|---|
| Market Share (2023) | 35.8% |
| Market Share (2033) | 33.0% |
| Basis Points (BPS) Analysis | -280 |
| Country | Japan |
|---|---|
| Market Share (2023) | 28.5% |
| Market Share (2033) | 29.7% |
| Basis Points (BPS) Analysis | +120 |
| Country | India |
|---|---|
| Market Share (2023) | 25.5% |
| Market Share (2033) | 24.5% |
| Basis Points (BPS) Analysis | -100 |
| Country | Canada |
|---|---|
| Market Share (2023) | 17.1% |
| Market Share (2033) | 18.0% |
| Basis Points (BPS) Analysis | +90 |
Expansion of Chemical Industry in India to Bolster Jerry Cans’ Demand
According to the Ministry of Commerce and Industry, India is ranked as the world’s largest producer of agrochemicals. The total organic and inorganic chemical exports from the country were accounted for USD 22.2 billion in the year 2022. Additionally, continuous efforts by government authorities promoting the use of jerry cans for storage will drive the demand in India.
Subsequently, increasing export of several chemicals & fertilizers by providing tax rebates and financial support will fuel the expansion of chemical industry, propelling the demand for jerry cans. As per FMI, India is anticipated to account for 1/4th of the total sales of jerry cans across South Asia in 2023.
Due to Durability and Cost-Effectiveness, Plastic Jerry Cans to Account for 80% of Sales
As per FMI, the plastic segment is expected to account for 4/5th of sales in the global market. Jerry cans manufacturers are focusing on maximizing their output along with profitability by using cost-effective raw materials such as plastic.
Hence, leading players prefer plastic for jerry cans as they are sustainable. Due to their recyclability and re-usability to woo environmentally concerned consumers, the sales of plastic jerry cans are predicted to burgeon.
Additionally, as plastic is easy to procure, light in weight and offers increased profitability margins for jerry can manufacturers across the globe. Increased market popularity of plastic along with efforts to eliminate the risk of corrosion by metals, many small to big manufacturers along with end users are switching to jerry cans made up of plastic.
Significant Jerry Cans Demand to Remain Concentrated in Food & Beverage Industry
Several industries such as food & beverages, chemical and petroleum industries are eyeing offering packages of appropriate sizes to cater to the growing demand. As per the study, the 25 litres capacity jerry cans segment is poised to expand at 4.2% CAGR over the forecast period.
In terms of end use, the rising demand for edible oil, milk, juices and others will drive the sales of jerry cans used for packaging the above-mentioned products. The total sales of jerry cans used for food & beverage industry are expected to reach USD 1.1 billion by the end of 2033.
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Key players in the jerry cans market are expanding their presence and product portfolio to gain competitive edge. The players are focusing on acquisition and product launch strategies to increase their revenue in the market. Some of the development by the key global players are:
| Attribute | Details |
|---|---|
| Estimated Market Size 2023 | USD 2.3 billion |
| Projected Market Size 2033 | USD 3.5 billion |
| Value CAGR (2023 to 2033) | 4.6% |
| Growth Rate | CAGR of 4.6% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2016 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Material Type, Capacity, End Use, Region |
| Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East & Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, China, Japan, India, Australia & New Zealand, GCC countries, South Africa |
| Key Companies Profiled | 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; Can-One Berhad; Scepter (Myers Industries); Safewell; Denios; WERIT Kunststoffwerke W. Schneider GmbH & Co.; Nexus Packaging Ltd.; Overland Fuel; Carrick Packaging; LyondellBasell Industries Holdings B.V. |
The industry is valued at USD 2.3 billion in 2023.
Greif Inc., Berry Global, and Mauser Packaging Solutions are key industry players.
The key consumer of the jerry cans market is the chemical industry.
The industry is estimated to reach USD 3.5 billion by 2033.
The jerry cans market CAGR for 2033 is 4.6%.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2016 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By Material Type 5.1. Plastic 5.2. Metal 6. Global Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By Capacity 6.1. Below 10 Litres 6.2. 10-25 Litres 6.3. Above 25 Litres 7. Global Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Food & Beverages 7.1.1. Vegetable Oils 7.1.2. Juice & Milk 7.2. Agrochemicals 7.2.1. Fertilizers 7.2.2. Pesticides 7.3. Industrial Chemicals 7.3.1. Hazardous 7.3.2. Non Hazardous 7.4. Petroleum & Lubricants 8. Global Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Middle East & Africa 8.5. South Asia 8.6. East Asia 8.7. Oceania 9. North America Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia & Pacific Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East & Africa Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By Country 16. Country wise Jerry Cans Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Greif Inc. 18.2. Berry Global, Inc. 18.3. Mauser Packaging Solutions 18.4. Parekhplast India Limited 18.5. Schutz GmbH & Co. KGaA 18.6. Plas-Pak WA Pty Ltd. 18.7. IPACKCHEM Group SAS 18.8. Barrier Plastic Inc. 18.9. Rheem Indonesia PT 18.10. Can-One Berhad 18.11. Scepter (Myers Industries) 18.12. Safewell 18.13. Denios 18.14. WERIT Kunststoffwerke W. Schneider GmbH & Co. 18.15. Nexus Packaging Ltd. 18.16. Overland Fuel 18.17. Carrick Packaging 18.18. LyondellBasell Industries Holdings B.V. 19. Assumptions and Acronyms Used 20. Research Methodology
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Jerry Cans Market
