According to Future Market Insights (FMI), the global screw top jar market size is expected to rise from US$ 580.6 million in 2023 to US$ 936.8 million by 2033. Over the assessment period from 2023 to 2033, global sales of screw top jars are likely to rise at 4.9% CAGR.
Demand is forecast to remain high for plastic screw top jars during the assessment period. This is due to their various attractive features including lightweight and cost-effectiveness. As per the latest analysis, the plastic segment is expected to progress at a CAGR of around 4.4% through 2033.
The United States screw top jars market is poised for robust growth, with an estimated CAGR of 4.6% during the forecast period, positioning it as a significant player in the global screw top jar industry by 2033. The flourishing cosmetics sector in the United States is a primary driver, as consumers’ increasing spending on cosmetic products, evident in Ulta Beauty’s nearly 20% sales surge in Q4, 2022, fuels demand for packaging solutions like screw top jars.
Moreover, the United States’ prominent role in manufacturing and exporting cosmetics globally, as per the International Trade Administration (ITA), is a pivotal factor. With an annual 2% growth in cosmetic exports from 2017 to 2019, reaching around US$ 15.02 billion, screw top jars are increasingly utilized by cosmetic giants to safeguard delicate products during transportation and enhance their shelf life. This trend is expected to propel the screw top jar market’s growth in the United States.
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Rising demand for screw top jars from diverse sectors including food & beverage, cosmetics, and pharmaceutical is a prominent factor driving the target market forward.
In recent times, the beauty and cosmetics sector has been on an upward trajectory across several regions. For instance, as per studies conducted by Cosmetics Europe, cosmetics sales across Europe alone accounted for almost $100 billion.
There are several factors influencing this growth which include intense competition among manufacturers who are utilizing an expanding array of products, channels, and markets to reshape the sector.
The rise of trends such as wellness and skincare is further expected to drive up the consumption of cosmetics. This growing use of cosmetics is poised to positively impact screw top jar sales during the assessment period.
Screw top jars have established themselves as a go-to option across the cosmetic sector for the packaging of products such as powders, lip-balms as well as creams among others. Similarly, Moreover, these jars are also being used for the storage of beauty accessories such as makeup brushes, jewelry, and even cotton swabs.
The screw top jar industry is constantly seeking out innovative solutions that are economically and environmentally sustainable. The growing push for sustainable solutions and reduction of emissions is creating demand for eco-friendly packaging solutions.
Industry leaders are starting to invest in green solutions that conserve the ecosystem. Green consumerism is on the rise and thus more manufacturers such as SKS Bottle as well as Kilner are adding eco-friendly screw top jar solutions to their product portfolio.
Customization is another trend taking the screw top jar industry by storm. Several key players report customization requests from a wide range of manufacturers across a multitude of end-use sectors.
Customization requests include logos, texts as well as graphics as end users strive towards a consistent brand image throughout its product portfolio. This is expected to further boost the target market through 2033.
Key Takeaways from Screw Top Jar Market Report:
- The global screw top jar market is anticipated to reach a valuation of US$ 936.8 million by 2033.
- By material, plastic segment is estimated to account for around 5% of the market by the end of 2033.
- Based on capacity, 51 to 200 ml segment is forecast to account for 35% of the market share by 2033.
- Based on end use, food & beverage segment is projected to register a CAGR of 0% during the assessment period.
- North America and Asia-Pacific are expected to cumulatively account for about 45% of the global screw top jar industry by the end of the forecast period.
- The United States screw top jars industry is forecast to expand at 6% CAGR during the assessment period.
- Screw top jar demand in China is forecast to rise at 1% CAGR during the forecast period.
“Robust expansion of end-use sectors such as food & beverage, cosmetic, and pharmaceutical is expected to create a high demand for screw top jars during the forecast period. To gain maximum profits, companies are offering several options at lower pricing to meet customer expectations.” – says a lead FMI analyst.
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Convenience, Versatility, and Durability Makes Screw Top Jars a Popular Packaging Format
Screw top jars are an increasingly prevalent kind of packaging that has grown more widespread in households across the world. One of the significant advantages of these containers is that they don’t necessitate any particular equipment or capability to operate, making them easily accessible to everyone.
Screw top jars and containers, unlike other types of packaging, feature caps or lids that can be easily opened and closed, making them a practical alternative for both consumers and companies.
These containers are also available in a variety of designs and dimensions to meet a myriad of storage requirements.
The range of sizes ensures that individuals are able to get a precise fit of the container’s capacity needs. These jars are typically composed of high-quality plastic or glass materials, and they are built to resist frequent usage and handling without readily breaking or shattering.
The durability of screw top jars is critical for organizations that rely on container storage since it assures safe transportation and preservation of products and supplies.
Who is Winning?
- Rayware Limited,
- PacZone,
- Infinity Jars,
- SKS Bottle & Packaging, Inc.,
- JX Pack,
- Ardagh Group S.A.,
- Klar glass Sp.z.o.o.,
- Nova-Pack,
others are few of the prominent screw top jar manufacturers profiled in the report.
These leading companies are concentrating on launching new innovative products such as eco-friendly screw top jars to attract more and more customers. They are also implementing other strategies including partnerships, mergers, acquisitions, and agreements to expand their presence.
Recent developments:
- In February 2023, Aegg Ltd. launched 3 new screw-top jars ideal for products such as jam, chutney, and honey.
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Key Segmentations-
By Material :
- Plastic
- Glass
- Metal
By Capacity :
- Less than 50 ml
- 51 to 200 ml
- 201 to 500 ml
- 501 to 1000 ml
- 1000 ml and above
By End-use :
- Food & Beverages
- Healthcare
- Chemicals
- Personal Care & Cosmetics
- Household
About the Packaging Division at Future Market Insights (FMI)
The packaging division at Future Market Insights (FMI) provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, and packaging machinery to packaging designs & formats, Future Market Insights (FMI) has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ 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.
About Future Market Insights (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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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