The global plastic jar packaging market size was USD 23.8 billion in 2018 and is expected to reach around USD 28.8 billion by 2026, growing at a CAGR of 32% between 2019 and 2026.
The plastic jar packaging market is likely to experience significant growth globally in the upcoming years, owing to the growing demand for lightweight, durable, impact-resistance, and cost-effective packaging formats. The demand for effective and budget-friendly packaging formats across various industries, particularly in the food and beverages sector, is expected to further fuel the plastic jar packaging market over the forecast time period. Rapid urbanization and improving living standards of people will also increase the demand for plastic jar packaging in the years to come. However, the growing raw material prices of plastic jar packaging may hamper the plastic jar packaging market development on a global scale. The flourishing food and beverages sector in emerging countries and advancements in plastic jar packaging technology will generate new opportunities for the major market players.
The plastic jar packaging market is fragmented based on material, capacity, and end-use industry. By material, the plastic jar packaging market includes polyethylene, polyethylene terephthalate, polystyrene, low-density polyethylene, polypropylene, high-density polyethylene, polyvinyl chloride, and others (polycarbonate, polylactide, etc). Polyethylene terephthalate was the fastest-growing segment in the market and accounted for a significant share in 2018. By capacity, the market is segmented into more than 61 Oz, 31 – 60 Oz, 11 – 30 Oz, and less than 10 Oz. By end-use industry, the market comprises food and beverages, chemicals, personal care and cosmetics, pharmaceuticals, homecare, and others. In 2018, the food and beverages segment led the plastic jar packaging market.
In 2018, the Asia Pacific was the largest plastic jar packaging market due to the rising use of plastic jar packaging in food and beverages, personal care and cosmetics, homecare, pharmaceuticals, and chemical industries. Moreover, the region is anticipated to be the fastest-growing market for plastic jar packaging in the years ahead, owing to rising urbanization and industrialization in the region. China, India, Thailand, Indonesia, and South Korea are witnessing a steady growth in the use of plastic jar packaging across various end-user industries.
North America was the second-largest plastic jar packaging market in the world in 2018. The U.S. is the main players of the plastic jar packaging market in North America. North American countries (the U.S., Canada, and Mexico) are observing a rise in the demand for plastic jar packaging materials due to the growing food and beverages industry, which is estimated to benefit the region’s plastic jar packaging market growth.
The European plastic jar packaging market is observing sufficient growth opportunities, owing to stringent regulations and growing demand for effective and efficient packaging formats. Increase in the industrial growth is leading to major investments from food and beverages, pharmaceuticals, and cosmetics and personal care sectors, which is another major key factor that is likely to drive the plastic jar packaging market in Europe over the forecast time period.
Latin America and the Middle East and Africa are projected to experience the moderate growth in the plastic jar packaging in the future, owing to the significant investments made by international companies for plastic jar packaging projects in these regions. Governments of Brazil, Argentina, South Africa, and the UAE are promoting technology usage, which will further drive the plastic jar packaging market.
Some major players of the plastic jar packaging market are Alpha Packaging, Cospak, Ontario Plastic Container Producers, Amcor Limited, Gepack, Gerresheimer, Berry Global, RPC M&H Plastics, Olcott Plastics, Tim Plastics, All American Containers, Integrity Cosmetic Container Industrial, Pretium Packaging, Taral Plastics, Silgan Holdings, Neville and More, SKS Bottle & Packaging, Zenith Global, Plasmo, Rayuen Packaging, and Thornton Plastics.
Global Plastic Jar Packaging Market: Material Analysis
Global Plastic Jar Packaging Market: Capacity Analysis
Global Plastic Jar Packaging Market: End-Use Industry Analysis
Global Plastic Jar Packaging Market: Regional Analysis
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