The global jars market is forecasted to expand at 3.9% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 43.8 billion in 2023.
By the conclusion of 2033, the United States is poised to maintain a commanding 83% share of the North American market, with its jars industry forecasted to experience a robust Compound Annual Growth Rate (CAGR) of 3.3%. A significant catalyst for this expansion is the burgeoning utilization of jars in the art of candle-making. The National Candle Association highlights a prevailing preference among U.S. consumers for container and jar candles, positioning this trend as a key driver of growth. The enduring popularity of jar candles is expected to persist as a central factor propelling the industry forward throughout the forecast period. As the demand for these products continues to rise, the United States is positioned to play a pivotal role in shaping the trajectory of the North American jars market.
Germany is positioned to play a significant role in the European jars market, with an estimated share of approximately 15%. This projection suggests an incremental opportunity of a substantial US$ 735.3 million between 2023 and 2033.
A driving force behind this growth is the thriving cosmetic and personal care industry within Germany. According to Cosmetic Europe, The Personal Care Association, Germany stands out as one of the leading national cosmetic markets in Europe. The European cosmetic and personal care market, as a whole, represents the world’s largest cosmetics market, with a total value of around US$ 87.2 billion in 2020.
The surging prospects in Germany’s cosmetics sector are expected to sustain the market’s growth trajectory throughout the forecast period, making it a promising market for the jars industry.
The emergence of direct-to-consumer and e-commerce sales channels has transformed the engagement style of businesses with their customers. Owing to surging demand for eco-friendly and sustainable packaging solutions, paper jars packaging offers an appealing option for businesses seeking a reduction in their environmental impact.
A key opportunity associated with the use of paper jars is their sustainability. Paper jars are composed of renewable resources like wood, which makes them an environment-friendly option instead of plastic packaging. These jars can be composted or recycled, thus lowering their environmental footprint even further. Manufacturers are deploying sustainable packaging to be in sync with customers’ values and endorse a positive image of an environment-conscious company.
Request Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-14330
Paper jars also offer increased versatility. They can be designed with different textures and finishes, thus creating attractive and distinct packaging that tempts customers. These jars can further be imprinted with custom designs that showcase the brand’s aesthetic values, thus creating a cohesive brand identity.
Plastic jars, however, still hold a substantial share of the market. They are densely used in multiple end-use industries. Glass jars and mason jars are finding increased application for packaging domestically-produced food items and canning purposes. Mason jars come with a special lid that acts as an effective barrier against outside air and inside contents, thus avoiding food spoilage.
Top Highlights from the FMI’s Analysis of Jars Market:
- North America jars industry obtained a 23.7% market share in 2022. The United States jars industry gathered a maximum value share of 20.3% in the same year.
- Europe jars industry is expected to display more than 17.9% value share in 2023. Germany’s jars industry is projected to contribute above 4.6% market share in the same year.
- Since Europe region is quite saturated with the presence of manufacturers, the United Kingdom is expected to register CAGR of 2.1% over the forecast period.
- Japan’s jars industry is anticipated to exceed 4.1% market share in 2023.
- India is expected to observe relatively high growth in the upcoming years. As per the latest statistics by FMI, India jars industry is projected to expand at 5.3% CAGR over the next 10 years.
- China’s jars industry is anticipated to expand at 4.6% CAGR in this decade.
- In 2023, the plastic jars sector is projected to surpass 65% value share.
- Based on end-use, the food and beverages segment is expected to account for a value share surpassing 34.5%.
Innovation Watch: Key Developments in the Market
- In February of 2023, ACS Packaging launched a double wall glass jar that features a customizable PP cap and inner jar and heavy glass outer jar. This jar is available in 30- and 50-ml capacities.
- In May 2023, Albéa Group introduced a new refillable jar packaging by the name of ‘Twirl’. The jar might consist of a locking system, meant mainly for the stability of the inner structure of the cup.
- In September 2022, Mars, Incorporated, and Berry Global together announced the debut of recycled content packaging solutions. These jars have been optimized to have reduced weight and incorporate 15% PCR.
For Instances-
- In April 2021, one of the leading manufacturers of plastic bottles and jars named Alpha Packaging announced the acquisition of Boxmore Plastics Limited to expand its product offering in Europe region.
- In January 2021, Gerresheimer AG announced the opening of its new production plant in India for the plastic container which is expected to help the company to strengthen its production capacity for plastic containers.
Key Players Working in the Jars Industry
- Berry Global Group
- Amcor plc
- Owens Illinois Group Inc.
- Graham Packaging Company
- Silgan Plastics
- Gerresheimer AG
- Alpha Packaging
- Olcott Plastics
- Cospak Ltd.
- GREAT WESTERN CONTAINERS INC.
- Eco Vision Packaging, Inc.
- Irwin Packaging Pty Ltd.
- Tim Plastics, Inc.
- Integrity Cosmetic Container Industrial Co., Ltd.
- Consol Glass (Pty) Ltd.
Request Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-14330
Jars Market by Category
By Material Type:
- Plastic Jars
- Polypropylene (PP)
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Others (PVC, EVOH)
- Glass Jars
- Metal Jars
- Paper Jars
By Capacity:
- Less than 10 OZ
- 10 to 50 OZ
- More than 50 OZ
By End Use:
- Food & Beverages
- Pharmaceuticals
- Cosmetic & Personal Care
- Homecare
- Oil & Lubricants
- Chemical & Fertilizers
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
