Connect with us

Research Reports

Jerry Cans Market to Witness Comprehensive Growth by 2024

The Spirulina Extract Market’S Growth Is To Be Defined By Innovation Continuously

 

A Jerry can is a container that is used to store liquid. It was initially designed in the 1930s for military use to hold 20 liters of fuel. The current Jerry Can is a result of continuous development of earlier can designs, which required funnels and other tools for dispensing. The Jerry cans have become a perfect storage container as they are available in different sizes, shapes, and designs.

Additionally, Jerry Cans are also available in several colors which depict different materials being stored. For example, red color depicts gasoline, yellow is for diesel and blue color donates kerosene. The continuous development and innovations is expected to drive the growth in the Jerry cans market. For instance, explosive safe Jerry cans is one such development. These type of cans are best suited for 2nd and 3rd class dangerous goods which not exceed density of 1.2kg.

Jerry Cans Market Dynamics:

The global Jerry cans market is expected to witness a CAGR of around 3% during the forecast period primarily driven by the growth in the chemicals, oil and lubricant industry. Besides, features associated with jerry cans like the leak proof quality, moisture resistant factor, and odor less feature further accelerates the demand for the jerry cans market. The global Jerry cans market is expected to witness huge gains primarily due to recent innovations in the market which also meets the sustainability goals. One such recent development is the introduction of Double Green COEX Jerry can by Greif Inc.  This type of Jerry can was one of the first sustainable multilayer 10-liter plastic can made from sugarcane which is a sustainable resource with a stackable design that eliminated the need for a carton during transport. It was also stated that the Double Green COEX jerry can reduces CO2 emissions by approximately 220 tons annually and also saved approximately 112 tons of paper.

However, there are certain government regulations that have to be fulfilled regarding jerry cans designs as these containers are used to transport chemicals and toxic materials. There are several performance standards for packaging for each type of dangerous goods. Different regulation and packaging standards across the various countries can prove to be a hindrance for the growth of the Jerry cans market.

Grab an Exclusive PDF Sample of this Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19112

Jerry Cans Market Segmentation:

On the basis of end use, the global Jerry cans market is segmented into:

  • Chemicals
  • Petrochemicals
  • Pharmaceuticals
  • Agrochemicals
  • Oil and Lubricants
  • Food & Beverages
  • Others

Jerry Cans Market- Regional Outlook:

Geographically, the Jerry cans market can be segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). North America is expected to witness a healthy growth in the Jerry cans market. While, the Asia Pacific region is expected to witness the maximum growth during the forecast period mainly driven by developing economies like India and China. The growing GDP, increasing manufacturing activities and growth trends in the industrial sectors is driving the demand in these developing nations. MEA and Africa are also expected to experience an above average growth in the Jerry cans market.

Pre Book now our premium research report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=19112&ltype=S

Jerry Cans Market- Key Players:

Some of the leading players identified across the globe in the Jerry cans market are: Scepter Canada Inc., Mauser Group B.V., Greif Inc., Elkhart Plastics, Inc., Barrier Plastics, Inc., WERIT Kunststoffwerke W. Schneider GmbH & Co.KG, Denios AG and Others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

About TMR

TMR has a track record to provide ace market research solutions that has earned us the trust of our clients for their business intelligence needs. Serving 13 industry verticals with a database of over 1,000 reports and 1 million + data points, our expanse to provide market research solutions is exceptional. We deep dive for a thorough understanding of the subject, gather precise information, and then analyze it to present solutions that are par excellence.

Contact us:

Transparency Market Research
State Tower,
90 State Street, Suite 700,
Albany NY – 12207,
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

 

Continue Reading
Editorial & Advertiser disclosure

Recommended