Jerry Cans Market Growth, Size, Analysis, CAGR and forecast to 2023Posted by sagark on November 4th, 2019 Jerry Cans Market Overview Jerry can is a container which finds application in storing variety of liquids such as fuels, chemicals, pharmaceuticals, and oil. Jerry cans come in different designs, shapes, sizes, and colors. Jerry cans come with attributes such as leak proof quality, odor less storage, and moisture resistance. The expanding rate of manufacturing activities coupled with increasing sales of automobiles across the emerging economies are constantly opening new avenues for the growth of the jerry cans market. Jerry cans are widely used to transport and store lubricants, chemicals, and oils. Surging demand for moisture resistant and leakage-free packaging is estimated to create growth opportunities for the jerry cans market. However, different standards and regulations connected with the packaging may restrict the market growth of jerry cans. According to the reports published by Market Research Future, the global jerry cans market is likely to develop at 4.3% CAGR over the forecast period. Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/6594 Key Players The global jerry cans market is dominated by key players such as
Market Segmentation The global jerry cans market is segmented based on four segments namely capacity, material, end-use, and molding process. Based on capacity, the market is segmented as 10 liters, 10 to 25 liters, and above 25 liters. Based on material, the market is segmented into metal and plastic. Under the material segment, plastic represents the largest market share. Plastic jerry can have high demand owing to its leakage free, temperature resistance, chemical resistance, lightweight, and long-lasting features which propels their demand to a significant extent. Based on end-use, the market is segmented into oil & gas, pharmaceuticals, chemicals & agrochemicals, food & beverages and others. Oil & gas leads the end-use segment and is likely to develop at a highest CAGR over the forecast period. Increasing demand for the manufacturing activities, automobiles, and food & beverages sector are largely responsible for stimulating the jerry cans market growth. Based on molding process, the market is segmented into injection molding, extrusion molding, and blow molding. Under the molding process segment, blow molding dominates the jerry cans market and is estimated to develop at the highest CAGR over the forecast period. Increasing demand for transportation of chemicals and oils is further accelerating the growth of this segment. Injection molding segment is likely to contribute to the development of the market over the forecast period owing to surge in lubricants and petroleum. Regional Analysis Geographically, the global market for jerry cans is segmented into Asia-Pacific, Europe, North America, and the rest of the world. Asia-Pacific represented the largest market share during 2016, followed by Europe and the Middle East & Africa. The growth in the Asia-Pacific market is anticipated to develop at the highest CAGR over the forecast period. The demand for jerry cans in the APAC market has attained growth owing to the rising automobiles sales coupled with rising income of the population. India and China are the largest contributors in the APAC market owing to their remarkable GDP growth along with the surging manufacturing activities. Additionally, the instances of rapid industrialization witnessed by the economies like Japan, China, Singapore, and India, play a vital role in driving the jerry cans market in the APAC market. In the rest of the world, the Middle East market is anticipated to contribute substantially over the forecast period due to growing exports of petroleum oil. Access Full Report Details With TOC @ https://www.marketresearchfuture.com/reports/jerry-cans-market-6594 Like it? Share it! More by this author |