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.
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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 transp.arency 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.
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“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.
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Jars Market Report
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.
About Packaging Division at Future Market Insights
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help
