The Global Metal Jerry Cans Market Size accounted for USD 554 Million in 2021 and will achieve a market size of USD 817 Million by 2030, budding at a CAGR of 4.5%.
|Market||Metal Jerry Cans Market|
|Market Size 2021||USD 554 Million|
|Market Forecast 2030||USD 817 Million|
|CAGR During 2022 - 2030||4.5%|
|Analysis Period||2018 - 2030|
|Forecast Data||2022 - 2030|
|Segments Covered||By Type, By Application, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Air Sea Containers, Inc., GELG, Greif, Wavian USA, LIMES GLOBAL TRADING, Mauser, Menasha, PQI Pty Ltd, and Valpro.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
10 hrs of free customization and expert consultation
Increasing demand for portable fuel carrier and increasing demand for better functionality containers from various end use industries are major factors expected to drive the growth of global metal jerry cans market. Demand for storage containers made of steel is increasing as they tend to be a better option as compared to other materials. Easy availability of raw material and low manufacturing cost is attracting manufacturing interests for development of new product with different size and shape. These cans are manufactured with premium cold rolled steel body. The automated welded system provides reliability towards leakage and durability. Consumer’s internet towards travelling with self vehicle is increasing this is increasing demand for travel accessories which is expected to support the growth of target market. In 2019, domestic and international travelers spent US$ 1.1 trillion in the U.S. Leisure travelers (domestic and international) spent a total of US$ 792 Bn in 2019, up 4.1% from 2018.
Major player’s inclination towards enhancing the business to developing countries in order to enhance the customer base and increase the revenue this is expected to augment the growth of target market. Players are focused on introduction of new products with better quality to attract new customers. Demand for steel containers from pharmaceutical and food & beverage industry is increasing; their demand for highly durable, safe and resistant to puncture is gaining traction. Jerry can bar is a unique alternative to a standard drinks cooler as it is much easier to transport to parties, camping, fishing, or hiking trips. Consumer’s interest towards online shopping is increasing; this is resulting in players focus towards selling products online. This is expected to aid in tracking the untapped market and reach maximum number of customers.
Pharmaceutical sector is witnessing rapid growth across the globe; demand for impact-proof, durable plastic jerry cans that deliver liquids safely to end-users is increasing. This is expected to boost the growth of global metal jerry cans market. Factors such as stringent government regulations related to use of jerry cans and high cost of products are expected to hamper the growth of global metal jerry cans market. In addition, availability of other alternatives is expected to challenge the growth of global market. However, increasing investment by major players for product development, introduction of new products and inclination towards developing region are factors expected to create new opportunities for players operating in the metal jerry cans market over the forecast period.
Metal Jerry Cans Market Segmentation
The global metal jerry cans market is segmented into type and application. The type segment is divided into Up to 5 L, 5 L to 10 L, 10 L to 20 L, and 20 L & above. The 5 L to 10 L segment is expected to account for major revenue share in the global metal jerry cans market due to high demand from oil and lubricants sector. The application segment is bifurcated into chemicals, petrochemicals, pharmaceuticals, military, agrochemicals, oil and lubricants, food and beverages, and others.
Market by Type
Market by Application
Metal Jerry Cans Market Regional Outlook
The Middle East & Africa (MEA)
Changing government regulations related to storage and transportation of fuel in North America region, fuels the regional market growth
The market in North America is expected to account for major revenue share in the global metal jerry cans market due to high demand from consumers. Changing government regulations related to storage and transportation of fuel along with demand for products that provide tailored packaging solutions that aid business in developing by keeping products flowing and brand growing. In addition, presence of large number of players operating in the country and introduction of new products is expected to support the revenue transaction of market. Increasing merger & acquisition activity by players with the focus to enhance the business this is expected to support the growth of metal jerry cans regional market.
Metal Jerry Cans Market Players
Some of the top metal jerry cans companies offered in the professional report includes Air Sea Containers, Inc., GELG, Greif, Hoover, Wavian USA, LIMES GLOBAL TRADING, Mauser, Menasha, PQI Pty Ltd, and Valpro.
The global Metal Jerry Cans market size in 2021 was accounted to be USD 554 Million.
The projected CAGR Metal Jerry Cans market during the analysis period of 2022 to 2030 is 4.5%.
The prominent players of the global Metal Jerry Cans market are Air Sea Containers, Inc., GELG, Greif, Hoover, Wavian USA, LIMES GLOBAL TRADING, Mauser, Menasha, PQI Pty Ltd, and Valpro.
North America held the dominating Metal Jerry Cans during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for Metal Jerry Cans during the analysis period of 2022 to 2030.
Growing oil & gas industries and increasing use of cans in food & beverage industries drives the growth of global Metal Jerry Cans market.
Based on type, Up to 5 L segment held the maximum share Metal Jerry Cans market in 2021.