Jerry Cans Market Size, Share, Trends, Growth 2032

Jerry Cans Industry Prospective:

The global jerry cans market size was worth around USD 2289.67 million in 2023 and is predicted to grow to around USD 3509.63 million by 2032 with a compound annual growth rate (CAGR) of roughly 4.86% between 2024 and 2032.

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Jerry Cans Market: Growth Drivers

Jerry cans are intended for the storage of various types of fluids such as cooking oils, chemical products, and fuels. Given the rapid increase in automobile sales, the world lubricants and oil market is projected to grow considerably in the near future. During the forecast period, the global jerry cans market is expected to register a significant CAGR owing to the growth in the chemical, petroleum, and lubricant industries. Furthermore, the demand for jerry cans is accelerated by features such as a leak-proof quality, humidity resistant factor and odor reduction feature. The global market for jerry cans will likely see huge gains mainly from recent market innovations that also meet the sustainability objectives.

Some regulations concerning the design of jerry cans have to comply since these containers are used for the transportation of toxic substances and chemical products. For each type of hazardous product, there are several performance standards for packaging. The growth of the jerry cans market can be impeded by differing regulations and packaging standards across different countries.

Jerry Cans Market: Segmentation

Based on capacity, the market is classified into less than 10 liters, 10-25 liters, and more than 25 liters. Among these, 10-25 liters segment accounted for a major portion of the global market owing to increased demand from oil & petroleum packaging applications. Additionally, increasing transportation of petroleum and oils in jerry cans triggers the growth of this segment. However, more than 25 liters segment is expected to pose tough competition in terms of growth. This segment is anticipated to witness the fastest growth over the forecast period.

Based on material, the market is categorized into plastic and metal. Plastic segment dominated the market in 2018 owing to increasing applications from the chemicals industry. Rising demand for jerry cans in chemical storage applications due to their leak proof and odor reduction properties is a major aspect driving the growth of this segment. Moreover, cost-effectiveness in using plastic over metal is another major factor supplementing the overall growth of plastic jerry cans. Use of jerry cans in oil & petroleum storage applications is expected to drive the growth of metal segment at a considerable rate.

In the end-use segment, the food & beverages segment dominated the global market in 2018 with nearly 45% share of the total market. This segment is however expected to witness linear growth over the forecast period. Rising usage of jerry cans for bulk food storage and increasing consideration of jerry cans in retail food packaging formats are some major elements driving the growth of this segment. Oil & petroleum segment is anticipated to dominate the market in terms of CAGR.

Jerry Cans Market: Report Scope

Jerry Cans Market: Regional Analysis

North America anticipate registering strong growth in the forecast period. Over the forecast period, the Asia Pacific region is expected to be at its peak with development-driven economies, such as India and China. In these developing countries, growing GDP, growing manufacturing activities, and rising economic growth trends drive demand. As a result of the evolving trend towards industrialization, increased consumer spending, and better manufacture and exports of edible oil, the Asia Pacific region is expected to be lucrative in the global jerry cans market.

The main drivers for the growth of plastic jerry cans in the Middle East and Africa market are high volumes of oil production and exports. The jerry cans market in the MEA is expected to grow above average. The jerry cans market is expected to play a key role in Latin America's growth in the coming seven years especially due to increasing foreign investments and rising number of government initiatives to improve the overall industry growth in the region.

Jerry Cans Market: Competitive Analysis

The jerry cans market is led by players like:

• Greif, Inc
• Time Technoplast Ltd
• SCHÜTZ GmbH & Co. KGaA
• Scepter Canada Inc
• Barrier Plastics Inc
• Parekhplast India Limited
• Kadu Jaya Perkasa
• Yates Steels Pvt. Ltd
• Mauser Group B.V
• Plastic Container Packaging Corporation
• Singa Plastics Limited

The jerry cans market is segmented as follows:

Global Jerry Cans Market: Capacity Segment Analysis

• Less Than 10 Liters
• 10-25 Liters
• More than 25 Liters

Global Jerry Cans Market: Material Segment Analysis

• Plastic
• Metal

Global Jerry Cans Market: End-Use Segment Analysis

• Food & Beverage
• Agrochemicals
• Pharmaceuticals
• Chemicals
• Oil & Petroleum
• Others

Global Jerry Cans Market: Regional Segment Analysis 

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa