The global plastic jar packaging market is poised for steady growth, with a projected valuation of USD 27,051 million in 2023 and an expected increase to USD 35,309.19 million by 2033. This represents a steady compound annual growth rate (CAGR) of 2.7% over the next decade.
As consumers increasingly prioritize sustainability, plastic jar packaging manufacturers are embracing environmentally friendly practices. Companies are shifting towards the use of recycled materials, minimizing packaging waste, and exploring biodegradable or compostable alternatives.
The rise of sustainable packaging solutions, such as refillable jars and bulk packaging, is becoming more prominent in the market, reflecting the changing preferences of eco-conscious consumers.
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In addition to sustainability, the growing consumer focus on health and wellness is driving new trends in packaging design. Manufacturers are introducing packaging that emphasizes the health benefits of the products inside, often including information about nutritional value and natural ingredients. This shift towards health-centric packaging aligns with the broader market demand for transparency and wellness-focused product offerings.
The market is also experiencing advancements in printing technology, which has expanded the customization options available to brands. Manufacturers can now create unique, branded packaging designs that resonate with consumers by printing logos, slogans, and artwork on the jars. The availability of diverse colors, sizes, and designs allows brands to enhance their shelf appeal and strengthen their connection with their target audiences.
Key Takeaways: Plastic Jar Packaging Market
- The global market is projected to grow at a CAGR of 2.7% during the forecast period, compared to the historical growth rate of 2.2%.
- North America is expected to lead, with the market valued at USD 5976.9 million by the end of 2023, with the United States at the forefront. The demand is projected to rise by 2.5%, surpassing the historical rate of 2%.
- The European market is anticipated to grow at a rate of 2.2%, which is faster than its previous growth rate of 1.7%.
- The Food & Beverage sector remains the dominant segment within the plastic jar packaging market, with an estimated market value of USD 104,700 million in 2023.
Competitive Landscape
Use of plastic packaging across various end use industries is growing by leaps and bounds, creating sustained opportunities for market players to reap profits. Increasing demand for flexible and functional container and packaging formats for easy handling and transportation is estimated to pave lucrative avenues for plastic jar packaging landscape.
Leading players operating in the plastic jar packaging market are Alpha Packaging Inc., Ontario Plastic Container producers Ltd., Cospak Pty Ltd., Gepack Srl, Amcor Limited, Berry Global Inc., Gerresheimer AG, Olcott Plastics, Inc., RPC M&H Plastics Ltd., All American Containers, Inc., Tim Plastics, Inc., Pretium Packaging, LLC, Integrity Cosmetic Container Industrial Co., Ltd., Silgan Holdings Inc., Taral Plastics, Inc., SKS Bottle & Packaging, Inc., Neville and More Ltd., Ltd. Plasmo Pty Ltd, Zenith Global Ltd, Thornton Plastics Co., and Rayuen Packaging Co., Limited.
Key Segmentations
By Material Type:
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Low-Density Polyethylene (LDPE)
- High-Density Polyethylene (HDPE)
- Polyvinyl Chloride (PVC)
- Polypropylene (PP)
- Polystyrene (PS)
- Others (polycarbonate, polylactide etc.)
By Capacity:
- Less than 10 Oz
- 11 – 30 Oz
- 31 – 60 Oz
- More than 61 Oz
By End Use:
- Food and Beverages
- Personal Care & Cosmetics
- Homecare
- Pharmaceuticals
- Chemicals
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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