Collapsible Jerry Can Market CAGR of 3.56 % during the forecast period of 2022 to 2029.
The global collapsible jerry can market is experiencing steady growth, driven by increasing demand for portable liquid storage solutions across various industries. Here's an overview based on the latest data:
Market Overview
Market Size: Valued at USD 4.90 billion in 2021, projected to reach USD 6.48 billion by 2029.
CAGR: Expected to grow at a Compound Annual Growth Rate (CAGR) of 3.56% from 2022 to 2029.
Key Market Segments
By Material:
Polyethylene (PE)
High Density Polyethylene (HDPE)
Low Density Polyethylene (LDPE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polyethylene Terephthalate (PET)
Ethyl Vinyl Alcohol (EVOH)
Bioplastics
Poly Lactic Acid (PLA)
Others
By Capacity:
Up to 10 litres
11 litres to 20 litres
21 litres to 30 litres
Above 30 litres
By Closure Type:
Push Pull Closure
Screw Cap
Others
By End User:
Food and Beverages
Agrochemicals
Pharmaceutical
Consumer Goods
Others
Regional Insights
North America: Dominates the market due to high adoption of emergency preparedness solutions and popularity of outdoor recreational activities.
Europe: Expected to witness substantial growth, supported by stringent regulations regarding water and fuel storage and increasing awareness about emergency preparedness.
Asia-Pacific: Anticipated to register the highest growth rate due to rapid urbanization, increasing disposable incomes, and rising awareness about emergency preparedness solutions.
Key Market Players
Prominent companies operating in the global collapsible jerry can market include:
Butyl Products Ltd. (U.K.)
Liquid Containment (Australia)
Polyene General Industries Private Limited (India)
Mangla Metal Private Limited (India)
FU DENG PLASTIC CO., LTD.
Shanxi Shengzeying International Trade Co.
Yiwu Double Sun Import And Export Company Limited
Fujian Aidi Electric Co.
Fairbizps
MAHAVIR OVERSEAS
Venkateshwar Technopack Industries
Indo Blow Plastic Industries
Justrite
Changzhou Changshun Plastic CO.
Changzhou Fengdi Plastic Technology Co.
Xi An MaiJieKe Green Liquid Tank Co.
Ningbo Jiayi Marine Co.
Suzhou Innovation Packaging Materials Co.
Market Drivers
Versatility and Convenience: Collapsible jerry cans are used in a wide range of applications due to their space-saving design and ease of transport.
Emergency Preparedness: Increasing demand for reliable and portable water and fuel storage solutions in emergency situations.
Outdoor Recreational Activities: Rising trend of camping, hiking, and off-grid living necessitates portable storage solutions.
Advancements in Material Technology: Improved durability and lifespan of collapsible jerry cans due to advancements in material technology.
Market Challenges
High Product Costs: The high price associated with collapsible jerry cans may hinder market growth, especially in cost-sensitive regions.
Manufacturing Complexities: Challenges in manufacturing processes can affect the scalability and adoption of collapsible jerry cans.
If you need further information or specific insights into any segment of the collapsible jerry can market, feel free to ask!
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