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 odour 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 DoubleGreen 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 DoubleGreen 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.
Jerry Cans Market Segmentation:
On the basis of end use, the global Jerry cans market is segmented into:
- Oil and Lubricants
- Food & Beverages
On the basis of material, the global Jerry cans market is segmented into:
On the basis of capacity, the global Jerry cans market is segmented into:
- 20 liters
- 30 liters
- 40 liters
- 50 liters
- 60 liters
- 70 liters
- 80 liters
On the basis of shape, the global Jerry cans market is segmented into:
On the basis of manufacturing process, the global Jerry cans market is segmented into:
- Blow Molding
- Injection molding
- Compression molding
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.
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.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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