Potential with Eco-Friendly and Stylish Paperboard Jars Market Evaluate to Worth US $265 Billion By 2032 | FMI

The global  Cardboard Containers market is predicted to grow at a staggering CAGR of nearly 3% throughout the forecast period from 2022 to 2032. The market is anticipated to exceed a valuation worth USD 265 Billion by 2032. The growth of the global paperboard jars market is attributed to the increasing number of the paper bottle in food supplements, personal care products, home care products, and wines and spirits.  Paperboard jars are constructed from recycled paper and are known as lightweight jars. Furthermore, these jars are able to retain freshness and prevent aroma migration.

Cardboard Containers are known for their pocket-friendly price and eco-friendly attributes, which is known as a significant factor enhancing their popularity among manufacturers. Furthermore, paperboard jars are lighter in weight but at the same time, they are known for impeccable durability and sturdiness. These jars are built with several layers coated on the inside with barrier layers for the protection of food. The paperboard cans used for food packaging are vacuum sealed which provides moisture and oxygen that keeps the product fresh and edible. In addition to that, paperboard jars are the most suitable choice for shop displays when it comes to the distinctiveness of the product. The paperboard jars enhance the aesthetics and provide high-quality embossing and the application of varnishes.

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Despite the dominance of plastic jars and metal jars all over the globe, paperboard jars are efficiently protected to create their position within the food and beverage, and cosmetic industry. Furthermore, the surging awareness about the negative impact of non-biodegradable materials along with the rising environmental concerns is projected to augment the demand for paperboard jars among manufacturers. Government bodies across the globe have framed various models in their countries that aim to replace the toxic application of plastic with paper bottles. The established players in the market are increasing efforts to develop a growth curve for their business, thereby, benefitting the industry.   

Key Takeaways

·         Surging awareness about the declining environment and increased awareness concerning the toxic characteristics of plastics is predicted to play a significant role in boosting the paperboard jars demand during the forecast period. Furthermore, the need for sustainability has been identified as the major cause of bolstering paperboard jars sales. The developed and developing regions are expected to contain lucrative demand for the product owing to the high disposable income.

·         The leading manufacturers of the global paperboard jars market are making an effort to pull the market graph upwards with the help of collaborations and partnerships. In addition to that, various established players such as Coca-Cola, Carlsberg, PepsiCo, and other players have collaborated with the manufacturers of paper bottles to obtain innovative solutions as to how to cut down on the usage of plastic.  

·         These prominent market players are concentrating on making significant investments in R&D in order to offer more efficient materials that are ideal for their products. Therefore, the increasing collaborations and partnerships are expected to assist in the market growth in the forecast period.

·         Numerous questions about the adequate availability of economical plastic bottles are expected to emerge as a key hampering the market growth during the forecast period. Further, procurement of raw materials for the production of plastic bottles is comparatively easier, which is another important factor slowing down the expansion of the market.

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Competitive Landscape

The notable players in the global paperboard jars market are focusing on pulling the market graph upward by opting for collaborations and partnerships. Key players in the market are working on collaborating with manufacturers in order to innovate solutions to trim down the usage of plastic bottles.

The key players are-

  • Paper Tube Co.
  •  Chicago Paper Tube & Can Company
  • Sonoco Products Company
  •  Nagel Paper
  • Irwin Packaging Pty
  •  Ace Paper Tube
  •  WestRock Company

More Insights into the Paperboard Jars Market

According to the FMI analysis, the North American region is anticipated to dominate the global paperboard jars market as it accounts for the maximum opportunity for sales of paperboard jars during the forecast period, growing at a CAGR of 4%. The growth of the market can be attributed to the increasing adoption of packaging of dry snacks & confectioneries.

Asia Pacific is anticipated to be a lucrative market during the projection period. Furthermore, the growth of the region can be attributed to the rising demand for packaged foods, and the growing awareness regarding environmental protection.

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