Jars Market is projected to hold a value of US$ 41.5 Bn by the end of 2032 with Impressive Growth

The global jars market is anticipated to grow from a projected valuation of US$ 40.6 Bn in 2021 to US$ 61.0 Bn by 2032, expanding at a CAGR of 3.7%.
The global market for rigid packaging, which in 2021 was estimated to be worth about US$ 670 billion, is made up of about 5-7% of the jars market.

Revenue from the jars market increased by 3.3% YoY in 2031. According to a new FMI forecast, jar sales would rise between 2022 and 2032, offering an additional potential worth US$18.8 billion.

The top 5 suppliers will control between 15% and 20% of the global jar market by 2022, as plastic jar demand will increase. On the other hand, paper jars are becoming very popular with end customers.

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According to recently released statistics from jars market analysis, global sales of plastic jars are expected to increase by 1.6 times their present market value between 2022 and 2032, reaching a market value of US$ 41.5 Bn by the end of that year.

According to estimates, Europe and North America will continue to dominate the jars market, accounting for 55% of the industry’s value share in 2022.

Jars come in a variety of capacities to meet the needs of various industries. Jars weighing less than 10 ounces, 10 to 50 ounces, and more than 50 ounces fall under this category. The rise in demand for jars will be fueled by the increased use of durable packaging solutions. Jars provide moisture resistance, which is one of the most important sales drivers in a variety of sectors. In addition, the emergence of environmentally friendly jars will continue to drive the jars industry forward.

Jar sales will skyrocket as the cosmetics and personal care business expands. In addition, rising demand for ready-to-eat foods will fuel demand in the market. One of the main reasons for their growing popularity is the transparency provided by plastic or glass jars, which ensures better product visibility.

Important Points to Remember

1.          In terms of material type, the plastic jars category is expected to remain dominating, with an incremental opportunity of US$ 14.0 billion between 2022 and 2032.
2.          During the projected period, the 10 t0 50 OZ segment is expected to remain the most popular in terms of capacity.
3.          Cosmetics and personal care, as well as food and beverages, are expected to grow at a CAGR of 4.7 percent and 4%, respectively, from 2022 to 2032. Both segments are expected to generate an incremental opportunity of US$ 12.5 billion over the next few years.
4.          During the projected period, Europe and North America are expected to have high demand for jars. By the end of the next ten years, these regions are expected to control roughly 52 percent of the market.

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“The use of cost-effective, long-lasting, environmentally friendly, and robust packaging solutions will boost jar sales across industries.” It is also simpler to adapt jar designs and print them to meet specific industrial requirements. According to an FMI researcher, “these factors are projected to drive sales in the jar industry in the next years.”

Demand for Jars is bolstered by the end-user industry’s preference for rigid and durable packaging solutions.

Food and beverage, medicines, cosmetics and personal care, oil and lubricants, and other industries are increasingly favouring stiff and durable packaging solutions.

Jar demand will be fueled by a growing desire for hard and long-lasting packaging solutions. Jars are used to store, transport, and handle the contents. They are long-lasting, light-weight, and cost-effective packaging options that help protect the product’s quality while also extending its shelf life. Jar sales are likely to increase in the next years as a result of these causes.

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Jars Market by Category

By Material Type:

•          Plastic Jars

o    Polypropylene (PP)

o    Polyethylene (PE)

o    Polyethylene Terephthalate (PET)

o    Polystyrene (PS)

o    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
•          Oceania