Better Shelf Life to Ensure High Growth Rate for Jerry cans for water Market

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Overview
Jerry can is enjoying multifold growth across several industries owing to its rising traction from several industries. The global jerry can market is expected to rise with tailwinds supporting a 4.3% CAGR during the forecast period (2017-2023). Market Research Future (MRFR) in their report on the jerry cans for water market discloses several possibilities that could actually impact market prospects.
Features like odorless storage, moisture resistance, leak-proof quality, availability in different sizes & colors, and ease in carrying chemicals, fuels, oil & pharmaceuticals are expected to impact the growth of the jerry cans for water market. Burgeoning petroleum sector and food & beverage industries can ensure high growth for the jerry can industry as well.

Segmentation
The purpose of the segmental analysis of this jerry can market is to discover details that would substantiate claims regarding growth analysis. MRFR in their report segmented the jerry can market by material, capacity, molding process, and end-use. These are then backed by figures derived from volume-wise and value-wise analysis of the market.
Based on the material, the jerry can market includes plastic and metal. The plastic segment has the maximum market coverage as they are durable, leakage free, light, and chemical and temperature resistant.
Based on the capacity, the jerry can market includes 10 liters, 10 to 25 liters, and above 25 liters. The jerry cans for water below 25 liters has maximum market penetration and the growth would be substantial. End-use industries are expected to impact the food & beverages and agrochemicals. The 10–25 liters segment to gain much prominence due to the increasing intake of petroleum and lubricants.
Based on the molding process, the jerry can market includes blow molding, injection molding, and extrusion molding. The blow molding segment is leading the market and CAGR-wise the segment is expected to outpace its rivals during the forecast period. The injection molding segment is expected to retain its normal growth process due to traction from petroleum and lubricants industry.

Based on the end-use, the jerry can market includes pharmaceuticals, food & beverages, chemicals & agrochemicals, oil & gas, and others. The oil & gas helms the global market and can retain the pace to outdo others in the coming years. The food & beverages segment generates much demand for the global market due to the increasing intake of jerry cans for water in packaging of palm oil and other vegetables oils.

Regional Analysis
North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are regions that have been included by MRFR for their region-specific analysis of the global jerry can market. The aim is to find demographic changes taking place for a better understanding of the opportunities for the market in the coming years.
As per the records of 2016, the APAC region was in the lead and it could continue to do so as it is predicted to gain the highest CAGR during the forecast period. The growth can be attributed to the revamping industrial sectors in developing countries that are increasing the space for the jerry can market to operate. China, Japan, India, and Singapore are the heavyweights in the regional market. The demand is expected to get triggered further by the increasing automobiles sale.
On the other hand, the Middle East region is expected to produce significant opportunities for the market to expand. This can be attributed to the export programs of petroleum from the region.

Competitive Landscape
Several companies in the global jerry cans for water market are intensifying the competition by developing new strategies and implementing them to take the market ahead. These companies are Greif Inc. (US), Scepter Canada Inc. (Canada), SCHÜTZ GmbH & Co. KGaA (Germany), Mauser Group B.V. (Netherlands), Barrier Plastics, Inc (USA), Elkhart Plastics, Inc. (Indiana), Denios AG (Germany), WERIT Kunststoffwerke W. Schneider GmbH & Co.KG (Germany), Yates Steels Ltd (UK), Parekhplast India Limited (India), and others. These tactical moves have been mentioned by MRFR while enlisting these companies for a better profiling.


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