The global paperboard jars market is estimated to follow a progressive path to register its sluggish advancement at a CAGR of 3.2%. This intends to uplift the market size from US$ 338.2 million to US$ 463.4 million during the forecasted period.
The rise in the market can be ascribed to the growing quantity of paper bottles found in home care goods, wines and spirits, food supplements, and personal care items. The rising use of paper bottles in food supplements, personal care products, home care products, and wines and spirits will spearhead the growth of the paperboard jars market during the forecast period.
In the past couple of years, there’s been a notable surge in awareness about the declining environmental conditions. In addition to this, a surge in the awareness of the toxic attributes of plastics is expected to serve as a major growth driver of the paperboard jars market during the assessment period. The prevailing sustainability trends also act as a prime cause for the growth of the paperboard jars market. Again, the market for paperboard jars will observe high demand from both developed and developing regions. This growth is mainly due to rising disposable income. All of these aspects are expected to have a positive impact on the target market.
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Furthermore, many manufacturers in the industry are focusing on increasing their efforts to drive the market graph up with the help of collaborations and partnerships. Established players like Coca-Cola, Carlsberg, PepsiCo, and several others have initiated collaborations with the manufacturers of paper bottles to cut down on their plastic use. These players are also making substantial investments in research and development activities to deliver more effective materials that are suitable for their products. All of these factors are expected to spearhead the growth of the paperboard jars market during the forecast period.
“Increasing concern for the environment and awareness of harmful effects of plastics will fuel the global growth of the paperboard jars market over the forecast period,” says an FMI analyst.
Key Takeaways:
- The availability of affordable plastic bottles will deter the growth of the paperboard jars market during the forecast period.
- Pocket-friendly and eco-friendly properties of paperboard jars will strengthen market prospects for the target market during 2022-2032.
- North America’s paperboard jars market will grow at a CAGR of 4% during the assessment period.
- Elevated demand for packaged food will stimulate the paperboard jars market growth in the Asia Pacific region.
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Competitive Landscape
Paper Tube Co., Chicago Paper Tube & Can Company, Sonoco Products Company, Nagel Paper, Irwin Packaging Pty, Ace Paper Tube, and WestRock Company, among others, are some of the major players in the paperboard jars market profiled in the full version of the report.
In this global market, key participants are keen on entering markets in emerging economies to expand their manufacturing facilities. These firms are adopting diverse business strategies to retain a competitive advantage.
More Insights into Paperboard Jars Market
In its latest report, FMI offers an unbiased analysis of the global paperboard jars market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of neck diameter, closure, end use, and region.
According to the latest FMI reports, based on region, the paperboard jars market in North America will exhibit considerable growth during 2022-2032. The target market in this region will expand at a CAGR of 4%. This growth can be attributed to the rising use of paperboard jars in the packaging sector, especially in food packaging such as that of dry snacks and confectioneries. The growing demand from the cosmetics industry will also contribute to the growth of the paperboard jars market in North America during the projection period.
Asia Pacific’s paperboard jars market will also register notable growth during the assessment period. In this region, the target market is driven by high demand for packaged foods and rising environmental concerns. The surging disposable income and swift urbanization in the Asia Pacific also contribute to the growth of the paperboard market. Emerging economies like India and China also offer numerous lucrative opportunities to the paperboard jars market.
In general, factors like the growing awareness about the adverse effect of non-biodegradable materials, rising concern for the environment, and an upsurge in demand from the packaging and cosmetics industry will propel the global paperboard jars market during the forecast period.
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:
- Paperboard Jars for Personal Care & Cosmetics
- Paperboard Jars for Food & Beverages
- Paperboard Jars for Snacks & Confectionery
- Paperboard Jars for Coffee and Tea
- Paperboard Jars for Consumer Goods
- Paperboard Jars for Industrial Goods
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
About Future Market Insights Inc. (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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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