Jars Market 2022 | Present Scenario And Growth Prospects 2032
Future
Market Insights (FMI) predicts the global sales in the jar
market to top US$ 61 Bn in 2032 from US$ 42.2 Bn in 2022. Jars are
the rigid packaging solution made from plastic, glass, metal, or paper material
that are durable and cost-effective. They are used in different industries such
as food & beverages, pharmaceuticals, cosmetics & personal care, oil
& lubricants, chemicals & fertilizers, and others.
Jars
are available in different capacity as per the requirement of diverse
industries. These include jars less than 10 OZ, 10 to 50 OZ, and more than 50
OZ. The surge in usage of durable packaging solutions will continue fuelling
the demand for jars. Jars offer moisture resistance which also is one of the
chief drivers of sales across various industries. Also, the availability of
eco-friendly jars will continue creating growth opportunity for the jars
market.
The
expanding cosmetics & personal care industry will result in high sales of
jars. Also, the increasing consumption of ready-to-eat food items will drive
demand in the market. The transparency offered by plastic jars or glass jars
leading ascertains improved product visibility, which is one of the key reasons
behind their soaring popularity.
Key Takeaways from Jars Market
- The
plastic jars segment is projected to remain dominant in terms of material
type, creating incremental opportunity of US$ 14.0 Bn during 2022-2032.
- By
capacity, the 10 t0 50 OZ segment is anticipated to remain the most
preferred during the forecast period.
- Based
on end use, cosmetics & personal care and food & beverages
segments are projected to register a CAGR of 4.7% and 4% respectively
during 2022-2032. Both the segment collectively are estimated to create an
incremental opportunity of US$ 12.5 Bn during the foreseeable period.
- Europe
and North America are anticipated to showcase high demand for jars during
the forecast period. These regions together are estimated to hold around
52% of the market by the end of the next ten years.
“The adoption of
cost-effective, durable, environment-friendly, and rigid packaging solutions
will augment the sales of jars among the various industries. Also, it is easier
to customize designs of jars and print of them as per specific industrial
requirements. These factors are expected to drive sales in the jar market over
the coming years,” says an FMI analyst.
Preference for Rigid and Durable Packaging Solutions among the End
Use Industry Bolster the Demand for Jars
The
preference for rigid and durable packaging solutions is rising among the
various industries such as food & beverage, pharmaceuticals, cosmetics
& personal care, oil & lubricants, and others.
The
rising preference for rigid and durable packaging solutions will propel the
demand for jars. Jars are used for storing, handling, and transporting the
content. They are durable, lightweight, and cost-effective packaging solutions
that help in protecting the quality of the product along with maintaining its
shelf-life. Driven by these factors, the sales of jars are expected to pick up
in the coming years.
Jars Market Landscape
Berry Global Group, Amcor plc, Owens Illinois Group Inc., Graham
Packaging Company, and Silgan Plastics are the key players operating in the
jars market. Furthermore, Gerresheimer AG, Alpha Packaging, Olcott Plastics,
Cospak Ltd., and GREAT WESTERN CONTAINERS INC. are also noticeable players in
the jars market. The Tier 1 players in the market hold 10-15% in the global jars
market.
Future
Market Insights, in its new report, offers an unbiased analysis of the global
jars market, analyzing historical demand from 2015-2021 and forecast statistics
for 2022-2032. The study reveals market growth projections on the jars based on
the material type (plastic jars (Polypropylene (PP), Polyethylene (PE),
Polyethylene Terephthalate (PET), Polystyrene (PS), and others (PVC, EVOH),
glass jars, metal jars, and paper jars), capacity (less than 10 OZ, 10 to 50
OZ, and more than 50 OZ), and end use (food & beverages, pharmaceuticals,
cosmetic & personal care, homecare, oil & lubricants, and chemical
& fertilizers) across seven regions.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
- Middle
East and Africa (MEA)
- East
Asia
- South
Asia
Read more @ https://www.futuremarketinsights.com/reports/jars-market
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