Global Screw Top Jar Market - 2021-2028

Global Screw Top Jar Market - 2021-2028

Screw Top Jar Market Overview
• The screw top jar market size was worth US$ XX billion in 2020 and is estimated to reach US$ XX billion by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).
• Screw top jars are used for storing cosmetics, personal care, food products, beverages, pharmaceuticals, seeds, jams, and others. In recent years, screw top jars have noticed a huge spike in sales because it offers a viable solution to preserve the variety of products for a longer duration. With the rising trend towards global sustainability drive, many consumers are reusing screw top jars and manufacturing sustainable products. The screw top jars are majorly manufactured from various plastics (HDPE, LDPE, PET etc.) and glass and are available in various shapes. These jars are available in various sizes ranging from less than 50 ml to more than 1000 ml to satisfy diversifying industries.
• Screw Top Jar Market Dynamics
• The global screw top jar market is expected to drive with increasing usage in numerous applications and a surge in sales of packaged food & beverages products.
• Increasing usage in numerous applications
• Increasing usage in numerous applications is expected to drive the global screw top jar market. Nowadays, screw top jars are one of the most preferred packaging types for numerous applications ranging from coffee & spices to lotions. The screw top jars have replaced all other types of packaging due to their various advantages, such as it offers safe and fresh storing of food products with its inner and outer seal. Screw top jars are popular for day-to-day activities due to their convenience, versatility and reliability. Moreover, these jars have also gained popularity because of their easy handling, lightweight packaging and compact design.
• Small and large companies largely use the screw top jars because of their affordable price and universal usage. For instance, In 2019- Too Faced Cosmetics has released its three New Hangover Skincare Products. The company’s latest editions to products included too-faced hangover pillow cream with screw-top jar packaging.
• Adverse environmental impacts related to the material
• The screw top jar market is impacted by the adverse environmental impacts related to the material. All the non-recyclable plastic used for manufacturing screw top jars is thrown away, which takes decades to break down and release microplastics that further pollute the environment.
• Plastic packaging is responsible for generating huge volumes of landfill waste and environmental litter because they cannot be recycled in the public waste collection system and will leave microplastics after their decay. However, Such scenarios are encouraging companies to use sustainable packaging solutions for packaging. For instance, in 2019- Sana Packaging has launched its second line of cannabis packaging manufactured from reclaimed ocean plastic. The product line includes screw-top lids and glass jars available in various colors and sizes.
• COVID-19 Impact Analysis
• Due to the pandemic, stakeholders across the screw top jar industry have seen a notable impact as all the production work, factories and other activities were closed. As a result, production was hindered by halts and supply chain disruption globally. After the pandemic, the governments still impose various restrictions, such as working with half the workforce and fewer operating hours hindering the production cycle of the market.
• With the outbreak of COVID-19, several outlets were shut down and new openings are likely to be delayed for at least a year. The losses are incorporated with less demand from the food & beverages and cosmetics industries. Consumers are spending less on beauty products than usual, which will negatively impact the cosmetic packaging industry. The global beauty industry revenues had fall 20 to 30% in 2020. However, the market is expected to recover after the pandemic, with sectors aiming to work with higher production rates to recover from the incorporated losses. However, now manufacturers and shipment operations are ready to scale up their e-commerce sales.
• Screw Top Jar Market Segment Analysis
• By material, the screw top jar market is broadly classified into plastic and glass.
• The plastic screw top jar market is expected to grow at the fastest CAGR during the forecast period (2021-2028)
• The plastic screw top jar is expected to hold the largest market for the screw top jar market and is expected to continue its forecast period. Plastic jars are one of the most developed sectors of the economy. The majority of the products sold today are dependent on plastic. Plastic screw top jars are convenient options for transporting food because it is lighter than glass, offers more safety and is less liable to break. Moreover, plastic is a top choice for various manufacturers to offer its screw top jars with various options such as polyethylene terephthalate, polypropylene, polyethylene, low-density polyethylene and high-density polyethylene.
• The leading companies are expanding their plastic screw top jars to attract manufacturers for various applications ranging from condiments and homemade dressings to beads and small craft supplies. For instance, In 2017- Auer Packaging has made its screw-top jars available in the online shop. The company's screw-top jars are food-safe, water vapour tight and are UN-approved. The products are available in 8 sizes, six colors and models with a potion for a comfortable handle.
• Screw Top Jar Market Geographical Analysis
• Asia Pacific region holds the largest market for the global screw top jar globally
• The Asia Pacific region holds the largest market share for the screw top jar market globally and is expected to continue its dominance in the forecast period. The growing urbanization linked with a huge population has led to changing consumer preferences towards urban lifestyle. The screw top jar has been gaining demand from personal care, chemicals, food & beverages, cosmetics and household sectors in the region. Various countries like China and India are being targeted by the top multinational luxury brands, as these countries are growing into the leading consumer of luxury goods. Moreover, the growing e-commerce market in the region is expected to drive the market for screw top jar manufacturers.
• The region has seen tremendous growth in the number of product launches in the food & beverages, fashion and cosmetic sector. The major international brands invest in the region to set up their stores and pose various growth prospects. For instance, China’s cosmetics and personal care products market reached around US$42.8 billion and is anticipated to become the largest market globally in the next five years.
• Screw Top Jar Competitive Landscape
• The screw top jar market is moderately competitive with the local player’s presence, followed by the global companies, contributing to the major share in the market growth. In addition, some of the key players contributing to the market's growth are Auer Packaging, Infinity Jars, Down To Earth Distributors, Inc., The Container Store Inc, Rayware Limited, Etsy Inc, Xuzhou Wan Xuan Import & Export Trading Co., Ltd., JX Pack., Le Parfait, KS Bottle & Packaging and others. The major players are adopting various new strategies to dominate the market, such as product launches, expansions, acquisitions and collaborations, contributing to the growth of the Graphene battery market globally.
• Auer Packaging
• Overview: Auer Packaging is a medium-sized company located in Germany. The company has grown as one of the major German manufacturers of transport and storage products manufactured from synthetic materials. The company manufactures almost 35 million plastic products each year at its five sites across Germany.
• Product Portfolio: The Company’s offer a wide range of packaging items including stackable containers, System boxes & Cases, pails & screw top jars, pallets, closable containers and others
• Key Development: In 2019 – Auer Packaging has announced to build its 3rd production hall in Amerang. The hall boasts the same architecture as the two pre-existing halls that increases another 3,000 m2 of production space for the company production.
• Why Purchase the Report?
• Visualize the segmentation of the screw top jar market by material, capacity, end-user and region, highlighting the key commercial assets and players.
• Identify commercial opportunities in screw top jars by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of screw top jar market-level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players.
• The global screw top jar market report would provide access to an approx: 57 market data tables, 61 figures and 225 pages.
• Target Audience
• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers