Jerrycans Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, Japan, UK, Germany - Size and Forecast 2024-2028

Jerrycans Market Size 2024-2028

The jerrycans market size is forecast to increase by USD 586.3 million at a CAGR of 4.93% between 2022 and 2027.  The market's expansion hinges on various factors, including heightened demand for jerrycans across end-user industries, particularly in lubricant packaging, driven by the surge in camping and outdoor activities that are bolstering the need for jerrycans. This growth is indicative of the versatile applications and widespread utility of jerrycans across different sectors. The increasing emphasis on storage and transportation solutions further contributes to the market's upward trajectory. These trends underscore the critical role that jerrycans play in meeting the packaging and storage needs of various liquids, fuels, and chemicals, highlighting their significance in diverse industrial and recreational settings. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics and Customer Landscape

The market is driven by the increasing demand for plastic jerry cans with odorless features and moisture resistance. Revamping jerrycans to be lightweight yet durable is a key trend, especially in industries like food and beverages, agrochemicals, and automotive. Challenges include maintaining leakage prevention and odorless storage while ensuring durability comparable to metal cans. Addressing these challenges while meeting evolving industry standards and regulations remains crucial for sustained growth in the market. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Growing demand for jerrycans in lubricant packaging is one of the key factors driving the growth of the market. Packaging solutions such as drums, drums, IBCs, jerrycans, and bottles are widely used for the packaging of automotive, industrial, marine, and aviation lubricants. Jerrycans offers a reliable, leak-free option for lubricant storage and transportation. Their sturdy construction ensures that the lubricant is well-contained, preventing spills and leaks during handling and transportation.

Moreover, lubricants can be corrosive and potentially harmful to some materials. Jerrycans are usually made from high-quality materials such as HDPE (High-Density Polyethylene) or metal, which resists corrosion and damage caused by lubricants, ensuring product integrity. Owing to these factors, demand for jerrycans for lubricant packaging remains strong, and manufacturers continue to consider them the preferred packaging solution in the lubricant industry. This will drive the growth of the global market during the forecast period. 

Significant Market Trends

Increased focus on lightweight packaging is one of the primary trends that is shaping the growth of the market. Market players are emphasizing the process of redesigning jerrycans to reduce weight without compromising on quality. As a result, suppliers are constantly exploring opportunities by developing innovative, lightweight, and convenient jerry cans for customers. Lightweight is one of the ways the end-user industry is aiming to reduce packaging costs and improve the overall sustainability of production.

Moreover, the improved durability and increased profitability of using lightweight jerrycans are driving suppliers to reduce the weight of metal cans. This drives the demand for lightweight plastic jerry cans, driving the market growth during the forecast period. 

Major Market Challenge

Volatility in raw material prices is a challenge that affects the growth of the market. Raw material price fluctuations have a direct proportional impact on the cost of producing jerrycans. As a result, sellers face uncertainty about their profit margins. To avoid such risks, they often choose long-term contracts with raw material suppliers, which reduces their bargaining power. Steel, the raw material used to make jerrycans, is mined from iron ore. So, any fluctuations in iron ore prices will directly impact steel prices. In addition, supply and demand and government policy also determine the price of steel.

Moreover, the impact of a 25% tariff on steel imported into the US against the import of cheap steel from China has increased the price of steel in the US. The volatile increase in crude oil prices has affected the price of polymer resins. Since polymer resins are widely used to make hard plastic jerrycans, volatility in crude oil prices has increased uncertainty about suppliers' revenues. These factors create challenges for the market players, which in turn will impede the growth of the market during the forecast period. 

Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Market Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

• PAREKHPLAST India LTD.: The company offers jerrycans such as a 20 liter Jerry Can, which is 0.8mm thick and has the dimension of 360 x 170 x 470mm.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

• AST Kunststoffverarbeitung GmbH
• Barrier Plastics Inc.
• Berlin Packaging LLC
• Berry Global Inc.
• BWAY Corp.
• Can One Berhad
• DENIOS Ltd.
• Ganesh Corp.
• Ghansham Ice Box Manufacturers
• Glow Packaging Pvt. Ltd.
• Greif Inc.
• Mitsuchem Plast Ltd.
• Myers Industries Inc.
• P. Wilkinson Containers Ltd.
• SCHUTZ GmbH and Co. KGaA
• Techno Packaging Industries
• Unique Enterprises
• Yates Steels Ltd.
• Interplastica Pvt. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation by Capacity, Material and Geography

The market is witnessing significant growth driven by factors such as the demand for plastic jerry cans with odorless features and moisture resistance. These containers are being revamped to be lightweight yet maintain durability comparable to traditional metal cans. With a focus on leakages prevention and ensuring odorless storage, plastic jerry cans are gaining popularity in various industries. Containers designed for liquids such as food and beverages, agrochemicals, petrochemicals, and chemicals require moisture resistance and corrosion resistance. They cater to the needs of storing and transporting specialty chemicals, commodity chemicals, dyes, pigments, and printing inks efficiently. Moreover, the jerrycans find applications in sectors like automotive, marine products, and high-end coatings.

Market Capacity Analysis

Moreover, the below 10 liters segment is estimated to witness significant growth during the forecast period. Below 10-liter capacity strikes a balance between retaining a substantial amount of liquid while remaining portable, making it a popular choice for individuals and small businesses. Companies in the retail sector can sell liquids in smaller quantities, leading to increased demand for lower-capacity jerrycans as consumers prefer more manageable sizes for home use. 

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The below 10 liters segment was the largest segment and was valued at USD 1.18 billion in 2017. Smaller jerry cans are suitable for individual consumers who need to transport liquids in small quantities. They can be used for activities like camping, hiking, picnics, and other outdoor activities. As environmental awareness increases, people can opt for smaller jerrycans to reduce waste and minimize the impact of single-use plastics. Hence, the demand for jerrycans with a capacity of below 10 liters is expected to increase, which will fuel the growth of the market during the forecast period. 

Market Material  Analysis

Based on the material, the market has been segmented into plastic and steel. The plastic segment will account for the largest share of this segment. Various types of plastic polymers, such as high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyvinyl chloride (PVC), and polyethylene terephthalate (PET), are widely used in the manufacturing of rigid plastic jerrycans. The growth of the market segment is attributed to the rising demand for durable, lightweight, and temperature-reliable materials such as HDPE that can provide strength to the jerrycans. The high demand for HDPE polymers, which are used in the manufacturing of plastic jerrycans, will facilitate the growth of the market in focus during the forecast period.

Which are the Key Regions for the Market?

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APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Due to the high demand for jerry cans from economies such as Korea, Singapore, Australia, and Japan, the market in APAC will also grow significantly. Globally, China is one of the major suppliers of jerry cans.

Furthermore, demand for lubricants, automotive fuels, and cooking oils has increased in APAC, contributing significantly to the growth of the market segment. Rapid urbanization and the rise of middle-income groups have boosted automotive demand in the region. This further increases the demand for fuels or chemicals such as diesel, gasoline, lubricants, and gas. Thus, such factors are expected to drive the market in the region during the forecast period.  

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2023 for the following segments

• Capacity Outlook 
  • Below 10 liters
  • 10-25 liters
  • Above 25 liters

• Material Outlook 
  • Plastic
  • Steel

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile 
    • Brazil 
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The market is undergoing significant changes with the introduction of odorless features and advancements in safe packaging techniques. Manufacturers are focusing on revamping jerrycans by incorporating corrosion-resistant and moisture-resistant materials, ensuring leakage prevention and enhancing reusability and recycling capabilities. These improvements cater to various industries such as food and beverages, agrochemicals, petroleum, and chemical packaging sectors. The market landscape depends on container, kerosene, corrosion resistant, Moisture resistance, leakage prevention, Plastic material, Commodity chemicals, Printing inks, and Magazines. Jerrycans are now designed to store a wide range of products, including liquid products, petrochemicals, specialty chemicals, dyes, pigments, and even high-end coatings.

Moreover, the industrialization of jerrycan production has led to the development of containers in different colors and sizes, catering to diverse market needs. They find applications not only in civilian sectors but also in military use for storing critical supplies. The odorless storage and safe packaging aspects are particularly crucial for edible oil, milk, and juices, ensuring product integrity and consumer safety. Furthermore, jerrycans are widely used in sectors like marine products for efficient and secure storage during transportation. Overall, the market continues to evolve to meet the ever-changing demands of various industries while prioritizing safety, functionality, and sustainability.

Market Scope
Report Coverage	Details
Page number	16
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 4.93%
Market growth 2024-2028	USD 586.3 million
Market structure	Fragmented
YoY growth 2023-2024(%)	4.45
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 41%
Key countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	AST Kunststoffverarbeitung GmbH, Barrier Plastics Inc., Berlin Packaging LLC, Berry Global Inc., BWAY Corp., Can One Berhad, DENIOS Ltd., Ganesh Corp., Ghansham Ice Box Manufacturers, Glow Packaging Pvt. Ltd., Greif Inc., Interplastica Pvt. Ltd., Mitsuchem Plast Ltd., Myers Industries Inc., P. Wilkinson Containers Ltd., PAREKHPLAST India LTD., SCHUTZ GmbH and Co. KGaA, Techno Packaging Industries, Unique Enterprises, and Yates Steels Ltd.
Market dynamics	Parent market analysis, market research and growth, market forecast, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the market  size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
• Thorough market growth and forecasting analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market growth analysis of factors that will challenge the growth of market companies

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