The report covers forecast and analysis for the plastic jar packaging market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints for the plastic jar packaging market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the plastic jar packaging market on a global level.
The global plastic jar packaging market was valued at USD 23.3 billion in 2018 and is anticipated to reach a market value of USD 28.3 billion by the end of 2025 registering a CAGR of approximately 2.8% during the forecast period. Plastic jar packaging is highly protective. A number of end-use industries focus on plastic jar packing to ensure the quality and shelf life of high-end products, such as food & beverages, cosmetics & personal care, among others.Manufacturers design plastic jar packaging to show insights into particular products owing to the changing consumer perception of product quality and preference for visually impressive designs. Because of the transparent design, the consumers can be sure of the promised condition of the product they buy without a fault. Consumers are more inclined towards sophisticated, durable, and easy to use products. This has made companies develop alternative solutions for packaging. Low cost, variations in designs as well as ease of availability are some key factors driving the growth of the global plastic jar packaging market.
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A positive prospect for the plastic jar packaging market is anticipated by the presence of emerging economies in conjunction with industrialization and globalization and the increasing popularity of rigid packaging formats. The increasing demand from food & beverage industry for efficient and budget-friendly packaging is expected to drive the global plastic jar packaging market in the next decade.
The global plastic jar packaging market has been classified into material type, capacity, and end use. Based on material type, the global plastic jar packaging market has been segmented into polyethylene terephthalate (PET), polyethylene (PE), low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyvinyl chloride (PVC), polypropylene (PP), polystyrene (PS), and others.
Based on capacity, the global plastic jar packaging market has been segmented into less than 10 Oz, 11 – 30 Oz, 31 – 60 Oz, and more than 61 Oz.
Based on end use, the global plastic jar packaging market has been segmented into food and beverages, personal care & cosmetics, homecare, pharmaceuticals, chemicals, and others.
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The food & beverage segment dominated the market in 2018 and accounted for nearly one-third of the overall market. It is expected to maintain its dominance throughout the forecast period. Based on types, the PET segment is anticipated to witness the fastest growth of 3.2% over the forecast period. Geographically, Asia Pacific region dominated the global plastic jar packaging market in 2018 owing to rapid urbanization, increasing disposable income, rapid growth of the underlying end-use industries such as food & beverages, pharmaceuticals, and personal care & cosmetics as well as increasing number of plastic jar manufacturers, especially in China and India. This region is projected to foresee a robust growth between 2019 and 2025.
Some of the major players operating in the global plastic jar packaging market include Ontario Plastic Container producers Ltd., Alpha Packaging Inc., Gepack Srl, Cospak Pty Ltd., Berry Global Inc., Amcor Limited, Olcott Plastics, Inc., Gerresheimer AG, All American Containers, Inc., and RPC M&H Plastics Ltd.
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Global Plastic Jar Packaging Market: Material Type Segment Analysis
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Low-Density Polyethylene (LDPE)
- High-Density Polyethylene (HDPE)
- Polyvinyl Chloride (PVC)
- Polypropylene (PP)
- Polystyrene (PS)
- Others (polycarbonate, polylactide, etc.)
Global Plastic Jar Packaging Market: Capacity Segment Analysis
- Less than 10 Oz
- 11 – 30 Oz
- 31 – 60 Oz
- More than 61 Oz