The Global Jerry Can Market was $4.20 Bn in 2020, and it is expected to reach $9.10 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 8.0% between 2020-2030. But due to the current pandemic there might be a slight difference in the growth rate in the present year. Rapid urbanization, rapid industrialization along with high manufacturing, construction sector in the developing countries will help to accelerate the growth of this market during the forecasted period.
Global Jerry Can Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
Jerry can market seen a considerable surge due to the increasing demand for sanitizers due to Covid. Also, increasing usage of medical hygiene products has created a new opportunity for these jerry cans market. These cans are also used to transport liquid soaps and other essential liquids used in the medical sector in bulk amounts. Due to this increased number of applications and usage, jerry cans are in huge demand.
The Global Jerry Can Market has been segmented into material, capacity, molding process, end-user, shape. By Material – Plastic, Metal. By Capacity – 10 Liters, 10 -25 Liters, Above 25 Liters. By Molding Process – Blow Molding, Injection Molding, Extrusion Molding. By End-Use – Chemicals and Agrochemicals, Pharmaceuticals, Oil and Gas, Food and Beverages. By Shape – Round, Square, Stackable.
By Region, Asia Pacific Is Holding The Major Market Share
The Global Jerry Can Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this Global Jerry Can Market is holding the major market share currently and is estimated to witness high annual growth rate in the upcoming forecasted period. rapid urbanization along with increased construction and manufacturing sector in many developing countries will help to flourish the market in this region in the forecasted period. besides this Middle East and Africa is also going to witness remarkable growth during the forecasted period.
Major Players in the Global Jerry Can Market
Some of the major players in the Global Jerry Can Market include Scepter Canada Inc., Mauser Group B.V., Greif Inc., Elkhart Plastics, Inc., Barrier Plastics, Inc., WERIT Kunstsoffwerke W. Schneider GmbH & Co. KG., Denios AG, Parekhplast India Limited, Yates Steels Ltd., SCHUTZ GmbH & Co.
The Global Jerry Can Market Has Been Segmented Into:
Global Jerry Can Market, By Material
Global Jerry Can Market, By Capacity
Global Jerry Can Market, By Molding Process
Global Jerry Can Market, By End-Use
Global Jerry Can Market, By Shape
Global Jerry Can Market, By Region