PET Jars Market: An Overview
PET jars are recognized for being a budget-friendly packaging format which is easy to manufacture. PET jars are lightweight and simple to load for transport. They are sturdy and impact-resistant, hence will not shatter when dropped. PET jars are free of BPA and allergens and therefore considered as safe packaging solutions for various food & beverages products. For the packaging of other products such as cosmetics & personal care, pharmaceuticals, etc., PET jars are gaining popularity as they have a classic appeal of glass and strong water vapor barrier. PET jars are available in the marketplace with various size and shapes, and the manufacturer is also offering customized solutions to cater to the needs of multiple end-users. PET jars are also recyclable and expected to gain significant traction for the packaging of various products. Overall, the global viewpoint for PET jars market expected to remain positive during the forecast period.
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PET Jars Market: Dynamics
PET jars are considered to be exceptionally protective packaging solutions. PET jar packaging is sealed in such a way so that it can shield the products from outside tampering. Numerous end-use industries are focusing on PET jars to secure high-end products, including food & beverages, cosmetics & personal care, home care, pharmaceuticals, and other products. PET jars packaging is food grade, durable, and strong enough to protect the product from adverse climatic conditions and damage during transportation & handling. These factors are likely to drive the growth of the global PET jars market during the forecast period.
PET jars are transparent, which can display insights of particular products. Due to the altering consumer perception towards the quality of the product and preference for striking designs, the seamless design of PET jars give sense of confidence to consumers that the product they are purchasing is in the promised condition without any defect. Such factors are likely to push the demand for PET jars in the next decade. However, fluctuation in resin prices and growing competition among the international & local vendors are expected to impede the PET jars market growth up to some extent. Overall, the global PET jars market is projected to expand with a healthy growth rate in the next decade.
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PET Jars Market: Regional Outlook
North America region is expected to create significant opportunities for PET jars market during the forecast period. The steady growth rate of several end-use industries and rising demand for lightweight, durable, impact-resistance, and cost-effective packaging formats is probable to drive the growth of the PET jars market. The U.S. is anticipated to remain at the front regarding market share, while Canada is expected to register a healthy CAGR of PET jars market. Europe is a significant shareholder of PET jars market and projected to expand at modest CAGR in the coming years.
In Europe, Germany is expected to remain highly lucrative regarding PET jars market share during the forecast period. East Asia and the South region are a substantial shareholder of the global PET jars market and likely to grow with notable CAGR throughout the forecast period. Continuous expansion of various end-use industries in East & South Asia region is expected to generate momentous demand for PET jars market in the next decade.
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PET Jars Market: Key Players
Some of the key players operating in the global PET jars market includes, Amcor plc, Pretium Packaging, LLC, Alpha Packaging Inc., Gepack Srl, Olcott Plastics, Inc., Tim Plastics, Inc., Integrity Cosmetic Container Industrial Co., Ltd., Silgan Holdings Inc., Cospak Pty Ltd, SKS Bottle & Packaging, Inc. among others.