During the projection period from 2022 to 2032, it is expected that the paperboard jars market will grow at a CAGR of roughly 4.6%. By 2032, it is anticipated that the market will be worth USD 5.0 billion.
The growing demand for paperboard jars in the food supplements, personal care, home care, and alcohol industries will drive the market's expansion during the forecast period.
There has been a noticeable increase in awareness of the deteriorating environmental circumstances during the last couple of years. Additionally, a significant growth driver for the paperboard jars market during the assessment period is anticipated to be a rise in awareness of the harmful properties of plastics.
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The market for paperboard jars is expanding mostly due to the current sustainability tendencies. Once more, both developed and developing countries will have strong demand for paperboard jars. The primary driver of this expansion is an increase in disposable income. All of these aspects are expected to have a positive impact on the target market.
“Increasing concern for the environment and awareness of harmful effects of plastics will fuel the global growth of the paperboard jars market over the forecast period,” says an FMI analyst.
Key Takeaways:
- The availability of affordable plastic bottles will deter the growth of the paperboard jars market during the forecast period.
- Pocket-friendly and eco-friendly properties of paperboard jars will strengthen market prospects for the target market during 2022-2032.
- North America’s paperboard jars market will grow at a CAGR of 4% during the assessment period.
- Elevated demand for packaged food will stimulate the paperboard jars market growth in the Asia Pacific region.
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Market Competition
The notable players of the global paperboard jars market comprise Paper Tube Co., Chicago Paper Tube & Can Company, Sonoco Products Company, Nagel Paper, Irwin Packaging Pty, Ace Paper Tube and WestRock Company, among others.
Key Segments Profiled in the Paperboard Jars Market
Neck Diameter:
- Paperboard Jars Measuring Up to 50 mm
- Paperboard Jars Measuring between 51 mm - 100 mm
- Paperboard Jars Measuring 101 mm & Above
Closure:
- Paperboard Jar G Caps
- Paperboard Jar Snap-on
- Paperboard Jar Plugs
- Paperboard Jar Lids
- Metal Paperboard Jar Closures
- Plastic Paperboard Jar Closures
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End Use:
- Paperboard Jars for Personal Care & Cosmetics
- Paperboard Jars for Food & Beverages
- Paperboard Jars for Snacks & Confectionery
- Paperboard Jars for Coffee and Tea
- Paperboard Jars for Consumer Goods
- Paperboard Jars for Industrial Goods
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
