PUBLISHER: Grand View Research | PRODUCT CODE: 1633732
PUBLISHER: Grand View Research | PRODUCT CODE: 1633732
The Europe high density polyethylene jerrycan market size is expected to reach USD 2.70 billion by 2030, registering a CAGR of 4.9% from 2025 to 2030, 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.