The worldwide packaging jars market is anticipated to grow at a moderate rate of 2.9% CAGR. In 2022, the market is currently valued at US$ 33,040.4 million. By 2032, it is projected that the packing jars market would be worth US$ 43,974.3 million. The analysts at Future Market Insights have calculated a historical CAGR of 2.5% for the relevant market.
This growth trajectory underscores the enduring demand for packaging jars, with factors such as convenience, versatility, and evolving consumer preferences playing pivotal roles in shaping the market’s progression over the forecast period, reflecting a dynamic landscape in the global packaging industry.
The Asia Pacific packaging jars market is propelled by a substantial consumer base and the accelerating pace of urbanization, serving as pivotal catalysts for heightened demand in the region. Additionally, the expanding utility of packaging jars across diverse sectors, including healthcare, food and beverage, and administration, is poised to contribute significantly to the market’s growth trajectory in the Asia Pacific region, paving the way for sustained expansion through the year 2032. As these factors synergize, they underline the region’s role as a dynamic hub for the evolving applications and increasing indispensability of packaging jars in a variety of industries.
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The emerging economies are witnessing an increase in female workforce, which calls for ready-to-use food, beverages, cosmetics, personal care products, and – pharmaceuticals. The challenges faced by various verticals include moisture and long distance transportation. They could be addressed well through packaging jars. The packaging jars market is thus expected to witness a stellar growth in the forecast period.
At the same time, the fact that flexible packaging solutions are taking over rigid packaging jars can’t be ignored. Also, raw materials, especially the sustainable ones, are witnessing volatility in prices. There are also issues regarding recycling these rigid jars. These factors could restrain the packaging jars market in the forecast period. Future Market Insights has entailed these facts with future prospects in its latest market study entitled ‘Packaging Jars market’. It has worked on both – micros and macros herein.
Key Takeaways from Packaging Jars Industry
- North America and Europe are at the matured stage of packaging jars market and the situation is expected to persist even in the forecast period.
- The Asia-Pacific is expected to witness growth of packaging jars market at the fastest pace with Australia, Japan, India, and China holding the baton.
- LATAM is also expected to pick up pace herein with Brazil taking the top brass.
Competitive Jars
- Owens-Illinois, in January 2021, went on records to state that it has revived the initially idled furnace stationed at Waco (Texas). This was the outcome of rising demand for jars to pack alcoholic beverages.
- Graham Packaging, in January 2021, came up with a novel website to mark its corporate identity. The company’s objective is that of re-introducing itself for reinstating and elevating commitment toward sustainable and smart packaging to adhere to environmental-friendliness.
- ALPLA Group, in August 2021, announced that it had acquired Wolf Plastics Group for enhancing the product portfolio, thereby making itself present in South-eastern and Central Europe.
- Saverglass, in November 2021, did open a new-fangled 430K square foot multi-service warehouse in Fairfield (California) for providing quick access to alcohol- and wine-producing companies for glass bottle services.
- Verescene, in November 2021, announced launching Verre Infini 20 (Infinite Glass). It comes across as a new-fangled glass composition for expanding its PCR1 glass manufacturing capabilities all over. As of now, the production is carried out in Spain and France, and is likely to be implemented in South Korea in 2023 and the US in 2022.
- Vitro, in October 2021, announced investing US$ 70 Mn to construct a novel container furnace at Vitro plant in Toluca (Mexico).
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“With increased urbanization, the demand for on-the-go products with reduction in downtime (say – in terms of cooking) is expected to increase. This factor is bound to record marked growth of packaging jars market in the near future”, says an analyst from Future Market Insights.
Some of the key companies in the market are:
- Owens Illinois Group Inc.
- Amcor Ltd
- Owens Bottle Company
- Berry Global Inc.
- Graham Packaging Company Inc.
- Ball Corporation
- Silgan Holdings Inc.
- AG Poly Packs Ltd.
- Olcott Plastics, Inc.
- Cospak Pty Ltd.
- Beatson Clark.
- Great Western Containers Inc
- Ajanta Bottle Pvt Ltd
What Package does the Packaging Jars Industry get?
- Future Market Insights offers an exclusive perspective and various real-time insights on the packaging jars market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
- The research study is based on material type (plastic (polyethylene (PE), HDPE, LDPE, polyethylene terephthalate (PET), polycinyl chloride (PVC), polystyrene (PS), polypropylene (PP), ethyl vinyl alcohol (EVOH) and glass), by product type (straight sided, snap top, domed based, taped jars, and others), by capacity (small size (less than 10 oz), medium size (10 oz to 30 oz), large size (30 oz to 100 oz), and very large size (100 oz & above), and by end-user (food and beverages, cosmetics and personal care, home care, pharmaceuticals, chemicals and lubricants, and others).
- Packaging jars go well with reactive and volatile products. Also, they are reported to be more durable. These factors would render the packaging jars market indispensable in the near future.
Key Segmentations-
By Material Type :
- Plastic
- Polyethylene (PE)
- HDPE
- LDPE
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Polypropylene (PP)
- Ethyl Vinyl Alcohol (EVOH)
- Glass
By Product Type:
- Straight Sided
- Snap-Top
- Domed Based
- Taped Jars
- Others
By Capacity:
- Small Size (Less than 10 oz)
- Medium Size (10 oz to 30 oz)
- Large Size (30 oz to 100 oz)
- Very Large Size (100 oz & above)
By End User:
- Food and Beverages
- Cosmetics and Personal Care
- Home Care
- Pharmaceuticals
- Chemicals and Lubricants
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Europe
About Future Market Insights Inc. (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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