Latest News- Jerrycans Market: Below 10 liters is expected to lead the Capacity segment during 2024-2028

The Jerrycans Market is being driven by Increase in demand for jerrycans from end-user industries

The Jerrycans Market is expected to grow at a CAGR of 4.93% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 586.3 million. In the global jerrycans market, vendors are prioritizing the redesign of jerrycans to minimize weight while maintaining superior quality. Innovative approaches are being adopted to create lightweight jerrycans that cater to increased customer convenience. This trend is significant as end-user industries seek to lower packaging costs and enhance overall production sustainability. For instance, Barrier Plastics' Baritainer, a squared jerrycan, weighs approximately half that of traditional steel tighthead jerrycans. This reduction in weight not only decreases truckloads but also contributes to lessened carbon emissions, thereby fortifying the market's expansion. The imperative for enhanced sustainability and heightened cost-efficiency is compelling vendors to reconsider the design and fabrication of metal jerrycans. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Capacity
  • Below 10 liters
  • 10-25 liters
  • Above 25 liters
• Material
  • Plastic
  • Steel
• Geography
  • APAC
    • China
    • Japan
  • Europe
    • Germany
    • UK
  • North America
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in demand for jerrycans from end-user industries
• Growing demand for jerrycans in lubricants packaging
• Camping and outdoor activities boosting demand for jerrycans

However, the market also witnesses some limitations, which are as follows:

• Volatility in raw material prices
• Growing demand for flexible industrial packaging solutions
• Stringent government regulations and policies for packaging solutions

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Market Scope in Jerrycans Market Research Report

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Research Analysis Overview

Title: Revamping Jerrycans: Odorless, Durable, and Moisture-Resistant Containers for Marine Products and Other Liquids Jerrycans, also known as metal or plastic containers, have long been a staple in the storage and transportation of various liquids, including marine products, commodity chemicals, specialty chemicals, petrochemicals, agrochemicals, and food and beverages. In recent years, there has been a trend towards revamping jerrycans to offer enhanced features such as odorless storage, leakage prevention, and moisture resistance. High-end coatings, printing inks, pigments, and dyes are increasingly being used to produce jerrycans with odorless features, making them ideal for storing sensitive liquids such as essential oils, perfumes, and food ingredients. Plastic jerrycans, in particular, have gained popularity due to their lightweight and durability, while metal cans continue to be preferred for their strength and resistance to corrosion. Moreover, the demand for jerrycans in the marine industry is on the rise, as they offer an effective solution for storing and transporting a wide range of marine products, from fuel and lubricants to coolants and cleaning agents. With their odorless, moisture-resistant, and leakage-prevention properties, jerrycans are an essential component of any marine supply chain.

Market Research Overview

The Jerrycans Market encompasses a diverse range of metal, glass, and plastic containers, each with distinct supply chains. Raw materials are sourced from various suppliers, including those specializing in steel, aluminum, tin for metal containers, borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass for glass containers, and high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC) for plastic containers. The supply chain extends beyond raw material procurement, encompassing research and development, large-scale manufacturing, and multi-channel distribution to end-users.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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