The global jars market is forecasted to expand at 3.9% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 43.8 billion in 2023.
The jars market is experiencing robust growth, driven by increasing demand for sustainable and reusable packaging solutions. By 2033, the market is anticipated to cross a value of US$ 64.3 billion. This growth is propelled by several key factors, including the rising consumer preference for eco-friendly packaging, advancements in jar manufacturing technologies, and the growing popularity of DIY and homemade products.
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Sustainable packaging has become a significant trend, with consumers increasingly seeking products that reduce environmental impact. Jars, often made from recyclable materials like glass and certain plastics, align perfectly with this trend. Furthermore, innovations in jar design and production are enhancing their appeal, offering improved durability, aesthetic appeal, and functionality.
The rise of home-based businesses and the DIY movement is also contributing to the market’s expansion. Consumers are using jars for a variety of homemade goods, including food, cosmetics, and crafts. This versatility is driving demand across multiple sectors.
Top Highlights from the FMI’s Analysis of Jars Market:
- North America jars industry obtained a 23.7% market share in 2022. The United States jars industry gathered a maximum value share of 20.3% in the same year.
- Europe jars industry is expected to display more than 17.9% value share in 2023. Germany’s jars industry is projected to contribute above 4.6% market share in the same year.
- Since Europe region is quite saturated with the presence of manufacturers, the United Kingdom is expected to register CAGR of 2.1% over the forecast period.
- Japan’s jars industry is anticipated to exceed 4.1% market share in 2023.
- India is expected to observe relatively high growth in the upcoming years. As per the latest statistics by FMI, India jars industry is projected to expand at 5.3% CAGR over the next 10 years.
- China’s jars industry is anticipated to expand at 4.6% CAGR in this decade.
- In 2023, the plastic jars sector is projected to surpass 65% value share.
- Based on end-use, the food and beverages segment is expected to account for a value share surpassing 34.5%.
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Innovation Watch: Key Developments in the Market
- In February of 2023, ACS Packaging launched a double wall glass jar that features a customizable PP cap and inner jar and heavy glass outer jar. This jar is available in 30- and 50-ml capacities.
- In May 2023, Albéa Group introduced a new refillable jar packaging by the name of ‘Twirl’. The jar might consist of a locking system, meant mainly for the stability of the inner structure of the cup.
- In September 2022, Mars, Incorporated, and Berry Global together announced the debut of recycled content packaging solutions. These jars have been optimized to have reduced weight and incorporate 15% PCR.
Jars Market by Category
By Material Type:
- Plastic Jars
- Polypropylene (PP)
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- 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
- The Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
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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