Technological Advancements in Plastic Jerry Can Industry Analysis in Malaysia
The Malaysian plastic jerry can market is on a steady growth trajectory, with sales estimated at USD 252.7 million in 2024 and projected to climb to USD 347.3 million by 2034, registering a CAGR of 3.2% over the forecast period, according to the latest industry analysis.
Driven by robust industrial expansion, increased
demand for lightweight, cost-effective, and reusable packaging, and the
versatility of high-density polyethylene (HDPE) containers, plastic
jerry cans are becoming the preferred choice for sectors ranging from chemicals
and automotive to agriculture and food & beverage.
In 2023, Malaysia’s plastic jerry can industry generated USD
242.5 million, posting a 4.2% Y-o-Y growth in 2024. This rise is
largely attributed to growing transportation needs for bulk liquids and
hazardous materials, alongside Malaysia’s thriving export-oriented
manufacturing sector.
Request Your Sample
and Stay Ahead with Our Insightful Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-19595
20–25 Liter HDPE Cans Lead the Market
Plastic jerry cans in the 20–25 liter capacity range
currently account for around 50% of the market and are projected to
maintain dominance, reaching a 55.8% share by 2034. Their portability,
stackability, and suitability for medium-quantity storage make them ideal for
industrial, commercial, and agricultural uses.
HDPE remains the material of choice, expected to hold
86.2% market share by 2034. Known for exceptional tensile strength,
impact resistance, and chemical compatibility, HDPE enables the production
of robust, long-lasting, and versatile jerry cans that meet UN standards for
safe transportation.
Manufacturing & Logistics Driving Demand
Malaysia’s manufacturing sector continues to be a key growth
driver. In February 2023, the country’s Industrial Production Index rose by 3.6%,
with manufacturing up 4.9%. Sectors such as chemicals, automotive, and
lubricants heavily depend on reliable bulk packaging solutions, making jerry
cans indispensable.
Additionally, the rise of e-commerce and expanding
chemical exports is boosting demand for plastic jerry cans, which offer
standardized sizing for easy stacking, efficient logistics, and reduced risk of
spillage or contamination.
Regional Insights
- Southern
Peninsula is set to lead growth with a 4% CAGR between 2024 and
2034, supported by expanding chemical, agrochemical, and food industries.
- Central
Malaysia benefits from high urbanization, population growth, and a
vibrant retail sector.
- Northern
Peninsula will see steady growth due to strong logistics networks,
increasing e-commerce activity, and rising demand for safe liquid
transportation.
Challenges and Safety Concerns
Despite strong market prospects, safety concerns remain.
Some jerry cans lack valves for pressure release and have inefficient
spouts, posing risks when storing flammable liquids. Manufacturers are
expected to focus on design improvements to address these issues while meeting
safety regulations.
To Gain More Insights
about this Research, Visit! https://www.futuremarketinsights.com/reports/plastic-jerry-can-industry-analysis-in-malaysia
Competitive Landscape
The Malaysian plastic jerry can market is moderately
consolidated, with leading players including:
Can-One Berhad (Aik Joo), T-Venture Industries, Gaia Plas, Ralco
Corporation, Gold Bell Industries, Medicplas, Singa Plastics, Polytainer, Mapo
Industries, Kinoro Engineering, Greif Inc., Mitsu Chem Plast Ltd, and others.
Sustainability is emerging as a central focus, with
manufacturers increasingly using recycled materials and innovating lightweight
designs to reduce costs and environmental impact.
Comments
Post a Comment