NEWARK, Del., April 26, 2022 (GLOBE NEWSWIRE) -- 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. In addition, 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.
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List Of Key Players Covered in Jars Market are:
- 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.
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 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.
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Detailed Table of Content:
- Executive Summary
- Global Market Outlook
- Demand Side Trends
- Supply Side Trends
- Technology Roadmap
- Analysis and Recommendations
- Market Overview
- Market Coverage / Taxonomy
- Market Definition / Scope / Limitations
- Key Market Trends
- Key Trends Impacting the Market
- Product Innovation / Development Trends
- Key Success Factors
- Product Adoption / Usage Analysis
- Product USPs / Features
- Strategic Promotional Strategies
- Jars Market Demand Analysis 2015–2021 and Forecast, 2022–2032
- Historical Market Volume (Mn Units) Analysis, 2015–2021
- Current and Future Market Volume (Mn Units) Projections, 2022–2032
- Y-o-Y Growth Trend Analysis
- Jars Market - Pricing Analysis
- Regional Pricing Analysis
- Global Average Pricing Analysis Benchmark
- Jars Market Demand (in Value or Size in US$ Mn) Analysis 2015–2021 and Forecast, 2022–2032
- Historical Market Value (US$ Mn) Analysis, 2015–2021
- Current and Future Market Value (US$ Mn) Projections, 2022–2032
- Y-o-Y Growth Trend Analysis
- Absolute $ Opportunity Analysis
- Market Background
- Global Packaging Market Outlook
- Global Rigid Packaging Market Outlook
- Global Food & Beverage Market Outlook
- Macro-Economic Factors
- Forecast Factors - Relevance & Impact
- Value Chain
- Raw Material Suppliers
- Jars Manufacturers
- End Use / Brand Owners
- COVID-19 Crisis – Impact Assessment
- Current Statistics
- Short-Mid-Long Term Outlook
- Likely Rebound
- Market Dynamics
- Drivers
- Restraints
- Opportunity Analysis
- Supply Demand Analysis
TOC Continued…!
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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