Europe High Density Polyethylene Jerrycan Market Size, Share & Demand By Key Players, Investment Opportunities, Top Countries, Growth & Forecast By 2027 | Grand View Research Inc.

Europe High Density Polyethylene Jerrycan Market Size, Share & Demand By Key Players, Investment Opportunities, Top Countries, Growth & Forecast By 2027  | Grand View Research Inc.
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According to a new report published by Grand View Research, the market demand is ascribed to the rising demand for unitary packaging solutions for liquids namely chemicals, petrochemicals, functional agents, food additives, and others.

The Europe high density polyethylene jerrycan market size is expected to reach USD 2.3 billion by 2027 registering a CAGR of 4.6%, according to a new report by Grand View Research, Inc. Increasing demand for convenient and durable packaging solutions is expected to drive the demand for high-density polyethylene (HDPE) jerrycans over the forecast period. HDPE jerrycans offer a less expensive packaging alternative to metal jerrycans, in addition to being rustproof and lighter in weight, which is anticipated to drive their demand. Furthermore, they are more durable and can be recycled easily.

These factors are also expected to make HDPE cans an eco-friendly packaging solution. HDPE containers are available in a wide range of volume capacities, thus, offering customers a choice over the size of packaging. These cans offer a convenient option for the storage and transportation of a wide range of products, especially in remote and hilly areas. These cans also offer advantages such as stackability; however, they are only suitable for the storage and transportation of small or limited quantity of products.

On the other hand, industrial packaging solutions, such as Intermediate Bulk Containers (IBCs) and drums, offer several advantages owing to which, they can act as substitutes to HDPE cans, especially in the industrial sector. Growing demand for oil & gas coupled with increasing investments in various oil & gas projects is expected to have a positive impact on the market growth in Europe. The demand for oil & gas in Europe is largely driven by industrial activities and economic recovery.

Rapid R&D activities coupled with the quick adoption of advanced technologies are expected to further bolster the product demand in Europe. One such major example includes the adoption of bioplastics in a wide array of applications to meet compliances set forth by various government and non-government agencies in different countries. Key market players in the regional market mainly cater to the chemicals & agrochemicals, oil & gas, pharmaceuticals, and food & beverage industries.

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Europe High Density Polyethylene Jerrycan Market Report Highlights

 The below 10 liters capacity segment is expected to account for the largest revenue share and also register the fastest CAGR of 5.1% from 2020 to 2027

 This growth can be credited to larger applicability scope of these containers, in both household and industrial use

 The chemicals & agrochemical end-use segment led the market accounting for over 35% of the overall share in 2020

 The market in Germany is expected to be the largest market while the U.K. is projected to register the fastest CAGR from 2020 to 2027

 Jerrycans were initially developed in Germany for military usage and were produced using pressed steel to hold around 20 liters of fuel

 However, owing to certain disadvantages, such as corrosion and heavyweight associated with metal containers, they are now widely manufactured using plastic materials, especially HDPE

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Europe High Density Polyethylene Jerrycan Market Segmentation

Grand View Research has segmented the Europe high density polyethylene jerrycan market on the basis of capacity, end-use, and countries:

Europe HDPE Jerrycan Capacity Outlook (Revenue, USD Million, 2016 – 2027)

     Below 10 Liters
    10 to 25 Liters
     Above 25 Liters

Europe HDPE Jerrycan End-use Outlook (Revenue, USD Million, 2016 – 2027)

     Oil & Gas
    Chemicals & Agrochemicals
     Food & Beverages

Europe HDPE Jerrycan Country Outlook (Revenue, USD Million, 2016 – 2027)                                                                

        • Germany
        • U.K.
        • Spain
        • Italy
        • France
        • Russia
        • Central Europe

List of Key Players of Europe High Density Polyethylene Jerrycan Market

     SCHÜTZ GmbH & Co. KGaA
    Greif, Inc.
     Mauser Packaging Solutions
     WERIT Kunststoffwerke W. Schneider GmbH & Co. KG
     AST Kunststoffverarbeitung GmbH
     RPC Group Plc
     Greiner Packaging
     Nexus Packaging Ltd.
     Deren Ambalaj Sanayi ve Ticaret A.Ş.
     Kautex Textron GmbH & Co. KG

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About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

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