Because they are lightweight, chemically robust, and easy to use, polypropylene jars are excellent storage containers for medicinal items and chemical solvents. It is predicted that the plastic jar packaging market would generate revenues of over US$3530.19 million by the end of 2033.
The plastic jar packaging market will see rising demand throughout the pandemic since plastic has become a crucial component in chemical and biomedical applications due to the requirement for safety.
The plastic jar packaging market will grow at a CAGR of roughly 2.7% during the forecast period, according to the most recent report from Future Market Insights. In 2023.
According to the analysis, plastic jars that hold less than 10 oz. will continue to have a disproportionate amount of the market share across a variety of industry groups. Smaller plastic jars with a volume of less than 10 oz will continue to be popular in the coming years due to rising consumer propensity towards portion management, according to the analysis.
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some of the most prominent, active competitors in the global plastic jar packaging landscape, including
- Alpha Packaging Inc.,
- Ontario Plastic Container producers Ltd.,
- Cospak Pty Ltd.,
- Gepack Srl,
- Amcor Limited,
- Berry Global Inc.,
- Gerresheimer AG,
- Olcott Plastics, Inc.,
- RPC M&H Plastics Ltd.,
Regional Analysis:
Growing Demand for Sustainable Packaging Drives Plastic Jar Packaging Market in the United States and Europe
The plastic jar packaging market in the United States and Europe is witnessing growth due to the rising demand for eco-friendly packaging solutions. In the United States, the market is expected to reach a share of US$ 5976.9 million by 2023, with a projected growth rate of 2.5%. Europe, on the other hand, is forecasted to grow at a rate of 2.2%.
Both regions have well-established packaging industries and a large consumer base, with the food and beverage industry being the primary end-user of plastic jar packaging, followed by the personal care and beauty industry. However, a notable trend driving market growth is the increasing demand for sustainable packaging options. Consumers are becoming more environmentally conscious and are seeking packaging solutions with a lower environmental impact.
Manufacturers in the United States and Europe are focusing on innovation to meet this demand, exploring new materials and designs for more sustainable plastic jar packaging. This emphasis on sustainability aligns with the growing preference for eco-friendly packaging solutions among consumers.
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India’s Plastic Jar Packaging Market Sees Focus on Expansion and Sustainability
The Indian plastic jar packaging market is characterized by a fragmented landscape, with numerous small and medium-sized enterprises alongside a few large players. The market is experiencing growth due to factors such as the increasing adoption of e-commerce and the use of plastic cosmetic containers for private label products.
The Indian government has implemented regulations to reduce the use of single-use plastics and promote sustainable packaging solutions. This has prompted manufacturers to seek innovative materials and designs that comply with these regulations.
However, a challenge in the Indian market is the lack of proper disposal and recycling infrastructure, which contributes to the plastic waste problem. To address this, there is a growing focus on responsible disposal and recycling practices in the industry
Market Benefits
- The study provides an in-depth analysis of the global plastic jar packaging market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
- The report presents a quantitative analysis of the market from 2023 to 2033 to enable stakeholders to capitalize on the prevailing market opportunities.
End-use Manufacturers Still Prefer Plastic Jar Packaging Solutions
In the report, FMI suggests that the emergence of plastic jar packaging as lightweight, secure, impact-resistant, durable, and cost-effective solution will create significant demand from various end-use industries during the forecast period.
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Key Segments Covered in Plastic jar packaging Market Study
By Material Type:
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Low-Density Polyethylene (LDPE)
- High-Density Polyethylene (HDPE)
- Polyvinyl Chloride (PVC)
- Polypropylene (PP)
- Polystyrene (PS)
- Others (polycarbonate, polylactide etc.)
By Capacity:
- Less than 10 Oz
- 11 – 30 Oz
- 31 – 60 Oz
- More than 61 Oz
By End Use:
- Food and Beverages
- Personal Care & Cosmetics
- Homecare
- Pharmaceuticals
- Chemicals
- Others
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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