Global Collapsible Jerry Can Market - 2021-2028

Global Collapsible Jerry Can Market - 2021-2028

Collapsible Jerry Can Market Overview Collapsible jerry can also be known as foldable jerry can, which has arisen as an efficient solution to decrease the extra overhead costs and reduce the storage problem of the empty container. The collapsible jerry can is collapsed or folded into several portions leading to improved load stability and capacity. Additionally, storage managers are continually looking for a packaging format that can advance their storage capacity. Moreover, collapsible jerry can have high demand due to safe and convenient shipping of products in several end-use industries. Collapsible jerry can be constructed to protect liquid goods/products from spillage and leakage during transit. In addition, these cans are manufactured from materials like low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyvinyl chloride (PVC), etc. Many manufacturers coat the collapsible jerry can with barrier layers to protect the material inside sunlight and numerous other factors. Multi-layered collapsible jerry can are being favored in various sectors such as industrial chemicals and agrochemicals. All these above factors are expected to positively impact the global collapsible jerry can market during the forecast period. The global collapsible jerry can market is estimated to reach US$ YY million by 2028 from the recorded market size of worth US$ YY million in 2020, growing at a CAGR of YY% during the forecast period (2021-2028). Collapsible Jerry Can Market Dynamics The increasing inclination of consumers towards bulk and compact protective packaging is triggering the demand for collapsible jerry can in recent times. Growing demand for innovative packaging creates a strong opportunity for the collapsible jerry can market growth. Increasing demand for bulk and compact protective packaging is expected to increase the market size Bulk and compact protective packaging solution offered by collapsible jerry can for industrial chemical end-use to drive the market during the forecast period. In addition, manufacturers that have introduced collapsible jerry can from bioplastic have seen huge demand in recent years. The availability of a collapsible jerry can with barrier layers of polyamide, EVOH, etc., offers better protection for food & beverage items stored in the collapsible jerry can. Moreover, the increasing demand of lightweight material, preferences towards bioplastic products, growing usages of jerry can as they protect food & beverages item due to the barrier covering of polyamide, EVOH, and other material which is expected to boost the growth of the collapsible jerry can market during the forecast period. On the other hand, the growth of the lubricant and automobile market will further create abundant opportunities for the collapsible jerry's growth. Growing focus on new innovative packaging is expected to boost the market Manufacturers focus on new innovative packaging to increase sales, including refilling gas in jerry cans. With developments in shipping and logistics industries, manufacturers provide gas knobs in jerry cans as a part of new innovative designs. Moreover, several global economies and infrastructure development are largely dependent on the oil & gas industry. In addition, countries such as China, Russia and Brazil among others, are further increasing their oil & gas production and exploration efforts. Also, the ongoing shale oil production and exploration activities in the U.S. coupled with increasing oil exports from the U.S. are likely to impact market growth positively. Increasing intolerance for plastic use is expected to hinder the market growth The increased intolerance for plastic utilization is expected to hinder the growth of the plastic jerry cans market. Due to this threat, manufacturers focus on R&D to use sustainable materials to manufacture plastic jerry cans. Grief Inc.'s Brazilian team produced one of the first sustainable multilayers 10-liter plastic jerry cans from polyethylene resin derived from sugarcane. The company also developed 20-liter monolayer plastic jerry cans for agrochemicals, weighing less than 1 kg (980 g), to offer lightweight solutions to end-users. Additionally, the risk of tear-off during transportation and logistics is expected to hinder the growth of the collapsible jerry can market during the forecast period. Collapsible Jerry Can Market Segment Analysis By material, the market is segmented into high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene (PP), polyvinyl chloride (PVC), polyethylene terephthalate (PET), ethyl vinyl alcohol (EVOH), bioplastics and others. The plastic segment is expected to dominate the market share of approx. 79.56% by value in 2019. Plastic jerry cans are preferred due to their stable, leakage-free, chemical & temperature resistant and lightweight features, which drive their preference to a certain extent. Moreover, HDPE is the most extensively used material for manufacturing plastic jerry cans in raw material. In addition, it provides excellent resistance to most solvents and has good low-temperature resistance. Also, it exhibits a strong barrier against moisture. All these properties, in turn, make it ideal for manufacturing jerry cans. Collapsible Jerry Can Market Geographical Analysis Based on the geography, the collapsible jerry can market segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa. The demand for collapsible jerry can in the North American market is expected to remain at the dominant position in sales and value generation due to the growing volume of trade and e-commerce in countries such as the U.S. North America is expected to witness significant growth during the forecast period The North America collapsible jerry can market is expected to have a positive outlook, during the forecast period, with automobile sales expected to increase in coming years. Hence this drives the market of lubricants in the U.S, which ultimately drives the market of collapsible jerry can. Moreover, the terms of the new “U.S–Mexico–Canada Agreement,” signed October 2018, will introduce that rule of origin (ROO) are to be met on automobiles, especially that 75% of the finished vehicles’ value is to come from within the governed region: a raise in 12.5%. Around 13.38 million motor vehicles were produced in North America in 2020. The U.S has by far the biggest market share. Roughly 8.78 million vehicles were assembled in the U.S in 2020, whereas Canada and Mexico only assembled around 4.59 million between them. Western Europe is expected to be a prominent collapsible plastic jerry cans market, followed by the Asia Pacific. Since it is an automated country, Germany is expected to be the largest consumer of collapsible plastic jerry cans in the Western European market. Along with consumption, Western Europe is anticipated to be a key manufacturer and supplier of collapsible plastic jerry cans to the world. High volume petroleum production and exports are the key drivers for the growth of the Africa & Middle East collapsible plastic jerry cans market. Due to the evolving industrialization trend, improved consumer spending, and enhanced production and exports of edible oil, countries such as India, China and Indonesia are expected to be lucrative plastic jerry that can market in the APAC region. The APAC is expected to be a very prominent collapsible plastic jerry cans market by the end of 2028. Collapsible Jerry Can Market Competitive Landscape The collapsible jerry can market fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. LyondellBasell Industries, Butyl Products Ltd, Liquid Containment Ltd, Polyene General Industries Private Limited, Mangla Metal Private Limited, Fu Deng Plastic Co. Ltd., Changzhou Fengdi Plastic Technology Co. Ltd., Xi An MaiJieKe Green Liquid Tank Co. Ltd., Ningbo Jiayi Marine Co., Ltd., Suzhou Innovation Packaging Materials Co., Ltd. are the major player in the packaging market. The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the collapsible jerry can market globally. LyondellBasell Industries Overview: LyondellBasell is one of the world's growing organization chemicals, plastics and refining companies driven by its employees globally. The company provides products and materials that are key to developing solutions to current challenges like improving food safety through flexible and lightweight packaging, protecting the purity of water supplies through stronger and extra versatile pipes, increasing the safety, fuel efficiency and comfort of several trucks and cars on the road, and assuring the safe and effective functionality in appliances and electronics. The company sells goods in more than 100 countries and is the world's growing producer of polypropylene compounds. In 2020, the company was named to Fortune Magazine's poll of the "World's Most Admired Companies" for the third sequential year. Product Portfolio: • Jerry cans are typically blow molded. Usually, high molecular weight, high-density polyethylene (HDPE) grades for jerry can applications have a melt flow rate (190°C/21.6kg) between 2 and 10 g/10min and a density between 0.945 and 0.955 g/cm³. Many customers have received UN certification for jerry can type they produced with LyondellBasell products. • LyondellBasell has produced a range of Hostalen Advanced Cascade Process (ACP) HDPE grades that their customers widely used to produce blow-molded jerry cans. Customers report performance and property benefits such as an excellent combination of stiffness and environmental stress cracking resistance (ESCR), good processing, high productivity, reduced wall thickness capabilities and good impact performance. Why Purchase the Report? • Visualize the composition of the collapsible jerry can market segmentation by material, capacity, closure type, properties, end-user and region, highlighting the key commercial assets and players. • Identify commercial opportunities in collapsible jerry can market by co-development deals and analyzing trends. • Excel data sheet with thousands of data points of collapsible jerry can market-level 4/5 segmentation. • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study. • Product mapping in excel for the key product of all major market players The global collapsible jerry can market report would provide access to an approx. 77 market data table, 84 figures and 180 pages. Target Audience • Service Providers/ Buyers • Industry Investors/Investment Bankers • Education & Research Institutes • Research Professionals • Emerging Companies • Manufacturers • Food & Beverages Industry • Agrochemicals Manufacturer • Pharmaceutical Industry • Consumer Goods Manufacturer