The market for packing jars is anticipated to reach US$ 43974.3 million in value by 2032, up from US$ 33040.4 million in 2022, growing at a CAGR of 2.9%. The need for packing jars is anticipated to rise in the next years due to factors such as their weight, attractive packaging, simplicity of usage, and numerous other factors.
Over the years, packaging jars have been widely utilised for a variety of purposes, including the storage of food, detergents, chemicals, and other items. Along with serving as storage containers, packaging jars play a crucial role in preventing leaks of all kinds and shielding stored goods from the effects of the environment. The packaging jars can also be recycled and used again.
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Global Packaging Jars – Market Dynamics
Over the past few years there has been a substantial transformation in the global consumer packaging market which have created opportunities for customization of formulation and its packaging design. Over the backdrop of retail sector growth of approximately 5% over the forecast period, the market for packaging jars saw an augmentation in the sales.
Furthermore, the growing FMCG sector in developing economies across the globe are positively impacting the packaging jars market. The growing ready to eat market which have a significant share of packaging jars is also impacting the growth for the packaging jars market.
In addition, packaging jars market is gaining momentum with the increasing urbanization rate across the globe. Moreover, despite of having positive condition for packaging jars market it is hampered from stringent government policy for the usage of plastic due to environmental and wastage issues. Packaging jars market also saw the restraints due to the problem of recyclability.
Global Packaging Jars – Regional Overview
North America is expected to be having the highest market share for packaging jars followed by Europe. These two regions being a mature market is expected to witness a steady growth for packaging jars market. Asia Pacific region being an emerging market is expected to have the highest growth for packaging jars over the forecast period 2017-2025.
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The market for packaging jars in Latin America have a steady growth and is expected to continue over the forecast period. The market conditions in Middle East & Africa is also expected to have a steady growth across the forecast period.
Global Packaging Jars – Key players
Few of the key players in the packaging jars market are
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The regional analysis includes
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Packaging Jars – Market Segmentation
The global packaging jars market can be segmented by the material type, by product type, by capacity and by end user base.
On the basis of material type, the global packaging jars market is segmented into:
On the basis of product type, the global packaging jars market is segmented into:
On the basis of capacity, the global packaging jars market is segmented into:
On the basis of end user base, the global packaging jars market is segmented into:
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