In 2023, the market for single wall jars is projected to reach a value of US$ 23.35 billion, and from 2023 to 2033, it is projected to grow at a CAGR of 4.54% to reach US$ 36.4 billion. In the historical period from 2018 to 2022, the market for single wall jars showed growth with a 3.9% CAGR.
The market for single wall jars is anticipated to be driven by evolving packaging trends, inventive and distinctive package designs, and increased demand for cosmetics due to the growing youth population.
- The industry is expected to increase as a result of the rising demand for cosmetics brought on by changing grooming habits among both gender types. The market expansion is being further fueled by manufacturers’ reliance on significant advertising across various media to promote cosmetics.
- Single wall plastic bottle market growth is impacted by customer attraction, which is a significant component of packaging innovation.
On the other hand, growing disposable income and shifting lifestyles in emerging nations like China and Japan are opening up enormous opportunities for the development of cosmetic packaging solutions. Hence, the market for single wall containers is directly impacted by the rising demand for cosmetics, which is what is causing the sector to grow globally over the forecast period.
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Global Single Wall Jars: Market Outlook
Single wall jars are used in the packaging of a variety of products like cosmetics, food items and pharmaceutical products and others. The single wall jars are available in the market in a variety of shapes and colors, but the common attributes amongst them are straight walls, wide mouths and neck finishing with a continuous thread.
Single wall jars are widely used in the cosmetics and personal care industry as they are significantly efficient packaging formats for most products and are convenient for usage by consumers. As a result, they are usually preferred by manufacturers as well as consumers globally.
What are the Key Trends Impacting Growth of the Single Wall Jars Market?
The rise in the consciousness of the millennial population towards appearance is anticipated to bolster the personal care and cosmetics industries exponentially in the coming years. The single wall jars are widely used in the packaging of personal care products that are in form of cream, gel or other high viscosity liquids like moisturizer, and sunscreen among others.
There has been a significant rise in the consumption of these products and is anticipated to grow even further. The wide application of single-wall jars in the packaging of these products is estimated to shape the market demand.
How is the Growth of the Cosmetics Industry Reshaping the Single Wall Jars Market?
The growth of the cosmetics industry has seen an upward trend in the past couple of years. The industry has also witnessed an increase in the number of players offering organic and herbal cosmetic products. The single wall jars are a favorable packaging solution for most of the products offered in the industry as a result the growth of the cosmetics industry is anticipated to augment the demand for the target market.
What are the Key Challenges that may Restrain Growth of the Single Wall Jars Market?
There has been a radical growth in the awareness of the population towards the adverse impact of the increasing plastic waste on the environment. This has resulted in shifting the preference of the consumers away from plastic packaging. This is a concern for the plastic jars manufacturers in the industry and has led the manufacturers to use alternate materials like metal or glass for the packaging. The growing aversion among the population towards plastic jars might prove to be a restraint in the growth of the single-wall jars in the market.
Competitive Landscape
Key global players such as
- Berry Global Inc.
- O.Berk Company, LLC
- Raepak Limited
- Parkway Plastics Inc.
- InduPlast s.p.a.
- Ampak Group
- Amcor Ltd
- Alpha Packaging, Inc.
- Olcott Plastics
- Parkway Plastics Inc.
- Industrial Injection Plastics BV
- Certina Packaging
- INOAC Packaging Group Inc
- Others.
Key Asian players in the single wall jars market are
- Hangzhou Rayuen Packaging Co., Ltd.
- Zhejiang Xinlei Packaging. Co. Ltd.
- Acron Plast Pvt Ltd.
- Samkin Industries
- Thirumala Plastic Industries
- Creative Plast World
- Ultra Craft Molders Pvt. Ltd.
- Takemoto Yohki Co.
- Others
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What Approaches are the Crucial Players adopting to Increase their Market Share in the Single Wall Jars Market?
The key players in the industry are focusing on enhancing their product portfolio by offering a wide range of shapes, sizes and materials to gain maximum market share. The use of post-consumer recycled plastic materials is also gaining popularity among manufacturers to attract the majority of consumers. The key players in the industry are also focusing on the expansion of their current manufacturing capabilities and geographical reach.
What are the Key Opportunities for Single Wall Jars Manufacturers?
The increasing demand for the post-industrial and post-consumer recycled material single wall jars has the potential to be a major opportunity for the manufacturers. In the packaging for food, cosmetics and pharmaceutical industry, there is a heightened demand among the manufacturers of these items for the recycled plastic single wall jars to attract more consumers toward their brands.
Further, the manufacturers of natural and herbal cosmetic products often prefer packaging in recycled plastic jars, as it complements their advertising and marketing strategies. This increasing demand for post-consumer recycled plastic single wall jars can prove to be a major opportunity for manufacturers in the industry.
Why will India Produce Noteworthy Demand for the Single Wall Jars Market?
The growing urbanization and per capita expenditure in the country has resulted in rising demand for personal care and cosmetics in the Indian market.
There has been a substantial increase in the emergence of new players offering these products as well. India is anticipated to generate significant demand for the single wall jars market, owing to the growth of personal care and cosmetics industry in the country.
What is the Consequence of the Pandemic on the Growth of the Single Wall Jars Market?
The COVID-19 pandemic has severely impacted the end-use industries of the single wall jars market like personal care and cosmetics. There has been a significant drop in the demand for single wall jars from these industries.
Furthermore, the delays in the shipments of raw materials and production facilities are working with half of the regular labor because the restrictions and regulations imposed have adversely impacted the target market. As a result of all these factors, the single-wall jars market has suffered a major blow in terms of sales and consumption due to the pandemic.
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Key Segments of Single Wall Jars Market Covered in the Report
Based on Material:
- Metal
- Glass
- Plastic
Based on Capacity:
- Less than 10 oz
- 11 – 30 oz
- 31 – 100 oz
- Above 100 oz
Based on End Use:
- Personal Care
- Food and Beverage
- Cosmetics
- Pharmaceutical
- Others (Chemicals)
Based on the Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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