Global Plastic Jar Packaging Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Plastic jars are ideal for storing chemical solvents and pharmaceutical items because they have lightweight, have high chemical resistivity, and are easy to use. These factors will result in the high use of plastic jars among consumers, and hence, this will increase the need of plastic jars packaging. These factors led to the introduction of plastic jar packaging in the market. During the forecast period, the demand for effective and cost-effective packaging formats across several industries, notably in the food and beverage industry, is likely to fuel the plastic jar packaging market. 

• Data Bridge Market Research analyses that the plastic jar packaging market was valued at USD 25.44 billion in 2021 and is expected to reach USD 33.24 billion by 2029, registering a CAGR of 3.40% during the forecast period of 2022 to 2029. Polyethylene terephthalate (PET) by material type segment is anticipated to be the fastest-growing market segment. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pipeline analysis, production consumption analysis, and climate chain scenario.     

Market Definition

Jars made of plastic is the process of enclosing or safeguarding things in plastic containers is known as packaging. It helps in the preservation and protection of the product from external pollutants. Lightweight, moisture-resistant, tamper-evident, and recyclable, plastic packaging offers a variety of advantages. These features have made it one of the most popular types of packaging for a variety of applications in a variety of sectors.

Plastic Jar Packaging Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• Versatile nature will enhance the market’s growth rate.

Because of its low cost and diverse features such as transparency, chemical resistance, and durability, the plastics sector has grown at an exponential rate over the previous decade. This will increase demand of market.

• Increasing demand for processed foods will flourish the growth rate of market.

The rising need for processed foods and drinks, medicines, and fast-moving consumer goods (FMCG) products propels the global plastic jars packaging market. 

Furthermore, rising urbanization, and increasing level of disposable income will drive market value growth. Also, increasing technological advancements will cushion the growth rate of plastic jar packaging market. Another significant factor influencing the market’s growth rate is rising growth of online retails and e-commerce transportation. Also, increasing environmental concerns and strict government regulations are the factor that will further cushion the growth rate of plastic jar packaging market.   

• High investments will enhance the market’s growth rate.

The rising level of investment by public and private organizations will create lucrative opportunities for the market’s growth during the forecast period of 2022-2029.

Moreover, increasing number of strategic collaboration and emerging new markets will act as market drivers and further boost beneficial opportunities for the market’s growth rate.

• Supply chain disruptions will pose a threat to the unprecedentedly growing market demand

With the rising number of restrictions around the globe due to COVID-19 pandemic, there has been a hit in the demand and supply of packaging solutions. This factor will obstruct the growth rate of plastic jar packaging market. 

• Variability in the prices of raw materials will derail the growth rate of plastic jar packaging market

The fluctuating prices of raw materials will impede the growth rate of plastic jar packaging market.  

On the other hand, the rising pressure on market players will prove to be a demerit for the plastic jar packaging market. Along with this, the implementation of strict regulatory policies will challenge the plastic jar packaging market growth rate. The dearth of awareness will act as market restraint and further challenge the market growth rate.   

This plastic jar packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the plastic jar packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Plastic Jar Packaging Market

Since its emergence in December 2019, the COVID-19 virus has spread to nearly every country on the planet, prompting the World Health Organization (WHO) to declare it a public health emergency. The recent outbreak of coronavirus has critically impacted the plastic jar packaging market. Almost every sector has been grievously hit by the pandemic and affected the day-to-day work-related functions. As a result, the materials and packaging industry had to bear financial losses, negatively impacting the plastic jar packaging market.

Global Plastic Jar Packaging Market Scope

The plastic jar packaging market is segmented on the basis of material type, capacity and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material Type

• Polyethylene Terephthalate (PET)
• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Polypropylene (PP)
• Polystyrene (PS)
• Others

On the basis of material type, plastic jar packaging market is segmented into polyethylene terephthalate (PET), polyethylene (PE), polyvinyl chloride (PVC), polypropylene (PP), polystyrene (PS), and others. Polyethylene (PE) has been further segmented into low-density polyethylene (LDPE), and high-density polyethylene (HDPE).

Capacity

• Less than 10 Oz
• 11 – 30 Oz
• 31 – 60 Oz
• More than 61 Oz

Based on capacity, plastic jar packaging market is segmented into less than 10 Oz, 11 – 30 Oz, 31 – 60 Oz, and more than 61 Oz.

End-Use

• Food and Beverages
• Personal Care and Cosmetics
• Homecare
• Pharmaceuticals, Chemicals, Others

On the basis of end-use, plastic jar packaging market is segmented into food and beverages, personal care and cosmetics, homecare, pharmaceuticals, chemicals, and others.

Plastic Jar Packaging Market Regional Analysis/Insights

The plastic jar packaging market is analysed and market size insights and trends are provided by country, material type, capacity and end-use as referenced above.

The countries covered in the plastic jar packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the plastic jar packaging market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increasing applications in personal care and cosmetics, healthcare and food and administration in this region.

North America on the other hand is projected to exhibit the highest growth rate during the forecast period of 2022 to 2029 due to the rising demand of durable, impact resistance and cost effective packaging in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Plastic Jar Packaging Market Share Analysis

The plastic jar packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to plastic jar packaging market.

Some of the major players operating in the plastic jar packaging market are Berry Global Inc., (US), ALPHA PACKAGING (India), Ontario Plastic Container Producers Ltd., (Canada), Cospak (New Zealand), GEPACK (US), Amcor plc (Switzerland), Gerresheimer AG (Germany), Olcott Plastics (US), Maynard & Harris Plastics (UK), Veritiv Corporation (US), Tim Plastics, Inc. (US), PRETIUM PACKAGING (US), Integrity Cosmetic Container Industrial Co., Ltd., (Taiwan), Silgan Plastics (US), Taral Plastics, Inc. (US), SKS Bottle & Packaging, Inc.(US), Neville&More (UK), Plasmo Pty. Ltd. (Australia), Zenith Global Ltd. (UK), Thornton Plastics (US), Hangzhou Rayuen Packaging Co.,Limited (China), among others.     

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