Between 2022 and 2032, the global paperboard jars market is poised for substantial growth, with a projected compound annual growth rate (CAGR) of approximately 4.6%, ultimately reaching an estimated market value of US$ 5.0 billion by 2032.
The Paperboard Jars Market in North America is gearing up to lead the industry, showcasing a promising Compound Annual Growth Rate (CAGR) of 4% throughout the forecast period. This growth is primarily attributed to the rising trend of packaging dry snacks and confectioneries in paperboard jars, with the cosmetic industry’s increasing demand further propelling the market forward.
The stringent regulations implemented by developed nations in North America present significant expansion opportunities for the paperboard jars market. Among these nations, the United States emerges as the most lucrative market, driven by the presence of key players and the ease of raw material procurement, reinforcing the industry’s growth in the region. These dynamics emphasize the pivotal role of North America in the thriving expansion of the paperboard jars market.
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In the forecast period, Asia Pacific emerges as a highly promising market, fueled by the increasing demand for packaged foods and a growing awareness of environmental protection. The region’s rising disposable income and rapid urbanization significantly contribute to this growth trajectory, with countries like India and China identified as key contributors exerting substantial influence on paperboard jar sales.
The regional market benefits from the escalating preference for visually appealing and environmentally sustainable paperboard containers. Additionally, the growing interest from cosmetic manufacturers is poised to further expand the paperboard jars market in Asia Pacific. Collectively, these factors underscore the robust potential of the Asia Pacific paperboard jars market.
The Eco-Friendly Edge
In a world grappling with plastic pollution and environmental degradation, the Paperboard Jars Market offers a glimmer of hope. These jars are biodegradable and compostable, significantly reducing their carbon footprint compared to traditional plastic containers. The use of sustainable materials in their production underscores their positive impact on the environment.
Despite the dominance of plastic jars and metal jars all over the globe, paperboard jars are efficiently protected to create their position within the food and beverage, and cosmetic industry. Furthermore, the surging awareness about the negative impact of non-biodegradable materials along with the rising environmental concerns is projected to augment the demand for paperboard jars among manufacturers. Government bodies across the globe have framed various models in their countries that aim to replace the toxic application of plastic with paper bottles. The established players in the market are increasing efforts to develop a growth curve for their business, thereby, benefitting the industry.
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Key Takeaways
- Surging awareness about the declining environment and increased awareness concerning the toxic characteristics of plastics is predicted to play a significant role in boosting the paperboard jars demand during the forecast period. Furthermore, the need for sustainability has been identified as the major cause of bolstering paperboard jars sales. The developed and developing regions are expected to contain lucrative demand for the product owing to the high disposable income.
- The leading manufacturers of the global paperboard jars market are making an effort to pull the market graph upwards with the help of collaborations and partnerships. In addition to that, various established players such as Coca-Cola, Carlsberg, PepsiCo, and other players have collaborated with the manufacturers of paper bottles to obtain innovative solutions as to how to cut down on the usage of plastic.
- These prominent market players are concentrating on making significant investments in R&D in order to offer more efficient materials that are ideal for their products. Therefore, the increasing collaborations and partnerships are expected to assist in the market growth in the forecast period.
- Numerous questions about the adequate availability of economical plastic bottles are expected to emerge as a key hampering the market growth during the forecast period. Further, procurement of raw materials for the production of plastic bottles is comparatively easier, which is another important factor slowing down the expansion of the market.
Competitive Landscape
The notable players in the global paperboard jars market are focusing on pulling the market graph upward by opting for collaborations and partnerships. Key players in the market are working on collaborating with manufacturers in order to innovate solutions to trim down the usage of plastic bottles.
The key players are-
- Paper Tube Co.
- Chicago Paper Tube & Can Company
- Sonoco Products Company
- Nagel Paper
- Irwin Packaging Pty
- Ace Paper Tube
- WestRock Company
More Insights into the Paperboard Jars Market
According to the FMI analysis, the North American region is anticipated to dominate the global paperboard jars market as it accounts for the maximum opportunity for sales of paperboard jars during the forecast period, growing at a CAGR of 4%. The growth of the market can be attributed to the increasing adoption of packaging of dry snacks & confectioneries.
Asia Pacific is anticipated to be a lucrative market during the projection period. Furthermore, the growth of the region can be attributed to the rising demand for packaged foods, and the growing awareness regarding environmental protection.
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Key Segments Profiled in the Paperboard Jars Market
Neck Diameter:
- Paperboard Jars Measuring Up to 50 mm
- Paperboard Jars Measuring between 51 mm – 100 mm
- Paperboard Jars Measuring 101 mm & Above
Closure:
- Paperboard Jar G Caps
- Paperboard Jar Snap-on
- Paperboard Jar Plugs
- Paperboard Jar Lids
- Metal Paperboard Jar Closures
- Plastic Paperboard Jar Closures
End Use:
- Personal Care & Cosmetics
- Food & Beverages
- Snacks & Confectionery
- Coffee and Tea
- Consumer Goods
- Industrial Goods
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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