The global packaging jars market
is segmented into material type such as metal, plastic, glass and others
(ceramic, wood). Among these segments, plastic jars segment is expected to
occupy the top position in the market. Wide ranging products and attractive
designs are anticipated to drive the growth of the plastic packaging jars
market. Further, low cost of plastic packaging jars is likely to intensify the
growth of global plastic packaging jar market. However, metal packaging segment
is anticipated to grow at highest CAGR during the forecast period.
Global packaging jars market is
expected to flourish at a CAGR of 4.8% over the forecast period. Factors such
as increasing spending on packaged foods, growing adoption of aesthetic
packaging jars in various end use industries and increasing disposable income
of the population are anticipated to drive the demand for packaging jars
market. Further, packaging
jars market is witnessing the launch of innovative,
sustainable and attractive packaging jars which is likely to drive the future
adoption of packaging jars. Moreover, the global packaging jars market is
projected to garner noteworthy revenue by the end of 2024.
In the regional segment, Asia
Pacific represented the largest market for packaging jars worldwide in 2016. Strong
economic development of the developing countries such as China and India and
increasing number of end use manufacturing bases in the region is widening the
demand for the Asia Pacific packaging jars market. Europe packaging jars market
is a prominent regional market and is likely to showcase lucrative growth
during the forecast period. Penetration of advanced and sustainable packaging
jars solutions into the market is opening a gateway of opportunities for the
growth of the packaging jar market.
Increasing
Consumption of Packaged Foods
Growing consumption of packaged foods in various
developed nations is anticipated to drive the demand for packaging jars
products during the forecast period. Further, increasing disposable
income and changing lifestyle of the population is expected to supplement the
expansion of the packaging jars market.
Innovation in Packaging
Jars Products
Designs and aesthetic
innovations in the packaging jars are expanding the application of packaging
jars. For instance, innovation of packaging jar for better protection of
contents is spurring the growth of the global packaging jar market.
Although, volatility in the
price of the raw material and stringent government regulations are some of the
factors that are likely to inhibit the growth of the packaging jars market in
the near future.
The report titled “Packaging jars Market : Global
Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis
& Opportunity Evaluation” delivers detailed overview of
the global packaging jars market in terms of market segmentation by material
type, by jar size, by end use industry and by region.
Further, for the in-depth analysis, the report encompasses
the industry growth drivers, restraints, supply and demand risk, market
attractiveness, BPS analysis and Porter’s five force model.
This report also provides the
existing competitive scenario of some of the key players of the global packaging
jars market which includes company profiling of Hitech Group, AG Poly Packs
Ltd., Owens Bottle Company, Graham Packaging, Richards Packaging, Inc., Zenith
Global, Alpha Packaging, Parksons Packaging Ltd., Roberts Metal Packaging and Beatson
Clark. The profiling enfolds key information of the companies which encompasses
business overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global packaging jars market that will
help industry consultants, equipment manufacturers, existing players searching
for expansion opportunities, new players searching possibilities and other
stakeholders to align their market centric strategies according to the ongoing
and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/packaging-jars-market/567
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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