The need for sturdy packaging has increased significantly due to the diversification of the distribution chain. Market reports linked to packaging and transport industry have been offered by Market Research Future which makes reports on other industry verticals that aims to study the current market scenarios better. The market is anticipated to develop at a 4.3% CAGR in the forecast period.
The rising number of products being packaged in jerry cans is raising the overall demand for jerry cans. The physical qualities of jerry cans such as their leakproof and odorless are expected to increase their market share in the duration of the forecast period. The increased usage of jerry cans especially for storing liquids in automobiles is expected to improve the expansion of the jerry cans gas market in the forecast period.
Segmentation
The segmentation of the jerry cans market has been carried out on the basis of capacity, material, end use, molding process, and region. Based on material, the jerry cans market has been segmented into metal and plastic. Based on capacity, the jerry cans market has been segmented into 10 to 25 liters, 10 liters, and above 25 liters. Based on the molding process, the jerry cans market has been segmented into injection molding, blow molding, and extrusion molding. The end-user segmentation of the jerry cans market has been segmented into food & beverages, pharmaceuticals, chemicals & agrochemicals, oil & gas, and others. The regions included in the jerry cans market are Europe, North America, Asia Pacific, and the rest of the world.
Regional Analysis
The regional analysis of the jerry can market has been segmented into regions such as Europe, North America, Asia Pacific, and the rest of the world. The Asia Pacific region is responsible for the principal market share, in 2016, trailed by the Middle Eastern, African and European region. The factors influencing the development of this market are the upsurge in automobile sales directing to high demand for petroleum and lubricants in this region. China and India are the principal contributors in this region due to the GDP development in emerging economies and speedily growing manufacturing activities and growth of the industrial sector that is motivating the growth of the jerry cans gas market. The Asia Pacific region is estimated to develop at the highest CAGR through the forecast period. Speedy growth in industrialization and several manufacturing activities are the key driving factors. Countries such as India, China, Japan, and Singapore are the key markets in the Asia Pacific region. The increasing sales of automobiles in the region are also motivating the development of the market. The Middle East region is predicted to contribute greatly throughout the forecast period primarily due to the bigger exports of petroleum oil.
Competitive Analysis
The market competitors find themselves in a promising position with the capacity to handle the pace of change. The contestants are dynamically addressing the challenges to growth and are creating strategies that can have the best overall effect on the market's development. The competitive outlook for the market is projected to diversify extensively in the coming period. The developments in the market are likely to be fuelled by the rise in investments and product inventions. The market influencers are taking an interest in the making of strong value chains that can yield increased profits. The prospects for growth in the market have ample room for growth in the forecast period. The perceived propensity for the market’s growth has improved following the accessibility to positive aspects in the jerry cans gas market.
The foremost companies operating in the jerry cans gas market are Yates Steels Ltd (UK), Mauser Group B.V. (Netherlands), Greif Inc. (US), Scepter Canada Inc. (Canada), Elkhart Plastics, Inc. (Indiana), Barrier Plastics, Inc (USA), WERIT Kunststoffwerke W. Schneider GmbH & Co.KG (Germany), Parekhplast India Limited (India), Denios AG (Germany), and SCHÜTZ GmbH & Co. KGaA (Germany) among others.
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