Metal jerry cans are long lasting, durable storage solution preferred by various industry verticals for transportation of liquids/chemical and fuels that are environment sensitive.
|Market||Metal Jerry Cans Market|
|Analysis Period||2017 - 2028|
|Forecast Data||2021 - 2028|
|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||Valpro, GELG, PQI Pty Ltd, Cleveland, Composite, Greif, Hoover, International Paper, Mauser, and Menasha.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
|Customization Scope||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.
Segment Analysis by Region
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. Chancing 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.
The global metal jerry cans market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Metal Jerry Cans Market Segment Analysis, 2019
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. The players profiled in the report are Valpro, GELG, PQI Pty Ltd, Cleveland, Composite, Greif, Hoover, International Paper, Mauser, and Menasha.
Market By Type
Up to 5 L
5 L to 10 L
10 L to 20 L
20 L and above
Market By Application
Oil and Lubricants
Food and Beverages
Market By Geography
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Rest of Latin America
Middle East & Africa
• South Africa
• Rest of Middle East & Africa
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.
In type the 5 L to 10 L segment is growing at faster pace.
In the global market the Asia Pacific region is expected to grow faster.
Some of the players considered in the report scope are Valpro, GELG, PQI Pty Ltd, and Cleveland.
The North America is expected to account for major revenue share in the global 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.