The global plastic jar packaging market will witness remarkable growth in the coming decade. According to recent market estimates, the market size is expected to grow from USD 18,535.9 million in 2024 to an impressive USD 28,599.0 million by 2034, registering a steady compound annual growth rate (CAGR) of 4.4% during the forecast period. This represents a significant increase from USD 17,790.3 million in revenue recorded in 2023.
Plastic jars with a capacity of less than 10 Oz have emerged as a preferred choice across multiple industries, including food & beverages, pharmaceuticals, and cosmetics & personal care. These small-sized containers are expected to hold a 42.5% share of the plastic jar packaging market in 2024, attributed to their portability and cost-effective manufacturing.
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The food & beverages sector is leading the adoption of plastic jar packaging solutions, accounting for over 56% of market share throughout the assessment period. This growth is driven by several key factors:
- Lightweight and Durable Design: Plastic jars offer a practical alternative to glass jars, making transportation easier and reducing the risk of breakage.
- Cost-Effective and Versatile: Their affordability and adaptability to diverse product types make them an ideal packaging solution.
- Enhanced Product Protection: Plastic jars extend shelf life by preventing contamination and preserving freshness and flavors, particularly for condiments, sauces, snacks, and other perishable goods.
As industries increasingly prioritize sustainable and efficient packaging solutions, the demand for plastic jar packaging is anticipated to accelerate. Its unique combination of affordability, durability, and convenience continues to make it a top choice for businesses worldwide.
Key Takeaways: Plastic Jar Packaging Market
- The global plastic jar packaging market achieved a CAGR of 2.3% between 2019 and 2023.
- By 2023, the market reached a valuation of USD 17,790.3 million.
- Canada is forecasted to lead the North American region with a CAGR of 3.7% through 2034.
- China is expected to experience significant growth in East Asia, with a projected CAGR of 5.1% by 2034.
- PET material is estimated to dominate the market, holding a 72.9% share by 2034.
- The food and beverages segment is anticipated to remain the leading end-use industry, with a market share of 56.7% by 2034.
Competitive Landscape
Key participants in the plastic jar packaging business are creating and bringing new items to the market. They are combining with various organizations and expanding their geographical reach. A few of them also collaborate and work with local brands and start-up enterprises to produce new products.
Key Developments in Plastic Jar Packaging Market
- In July 2024, Silgan Holdings Inc. entered into agreement to acquire Weener Plastics Holdings B.V., a leading producer of differentiated dispensing solutions for personal care, food and healthcare products.
- In May 2024, ALPLA strengthened its injection molding business with new ALPLAinject division. This ALPLAinject uses injection molding, injection blow molding and compression molding technologies to manufacture closures, caps, jars and complex multi-part packaging components made of plastic.
- In April 2024, Berry Global Group, Inc. invested in additional assets and manufacturing capabilities to increase its healthcare production capacity by up to 30% across three of its European sites.
Key Players in Plastic Jar Packaging Market
- Alpla Packaging Inc.
- Cospak Pty Ltd.
- Avantor, Inc.
- Amcor plc
- Berry Global Group, Inc.
- Robinson plc
- Silgan Holdings Inc.
- H&K Müller GmbH & Co. KG
- Pretium Packaging, LLC
- Takemoto Yohki Co., Ltd.
- Tricorbraun
- Comar, LLC
- Altium Packaging
- Graham Packaging Company, Inc.
- Hamilton Houseware Pvt. Ltd
Plastic Jar Packaging Market Segmentation
By Capacity:
Plastic jars are available in multiple capacities which include plastic jars less than 10 Oz, 10-30 Oz, 30-60 Oz and above 60 Oz.
By Material:
Materials in the plastic jar packaging market include PET, PE, PVC, PP, PS and others, The PE material is further sub-divided into HDPE and LDPE.
By End Use:
End Users in the plastic jar packaging market include food & beverages, personal care & cosmetics, homecare, pharmaceuticals, chemicals and other industrial
By Region:
Key countries of North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, Middle East and Africa are covered.
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