During the forecast period of 2022 to 2032, the worldwide paperboard jars market is expected to grow at a CAGR of approximately 3%. By 2032, the market is expected to reach a value of USD 265 billion. The rising use of paper bottles in food supplements, personal care goods, home care products, and wines and spirits has contributed to the market’s rise.
Paperboard jars are lightweight jars constructed from recycled paper. These jars can keep food fresh for a long time and prevent aroma migration. Paperboard jars are both cost-effective and environmentally benign, which is a major factor in their growing popularity among manufacturers.
What factors are boosting the demand for paperboard jars?
During the projected period, rising awareness about the deteriorating environment and rising awareness about the hazardous properties of plastics are expected to play a crucial influence in driving demand for paperboard jars. The demand for sustainability has been identified as a major factor driving up sales of paperboard jars. Because of their high discretionary income, the developed and developing worlds are projected to have lucrative demand for the goods.
Through cooperation and partnerships, the industry’s manufacturers are attempting to raise the market graph. Coca-Cola, Carlsberg, PepsiCo, and other well-known companies have cooperated with paper bottle producers to develop new ways of reducing plastic usage.
Furthermore, these companies are investing heavily in R&D to provide more efficient materials that are appropriate for their products. As a result, market growth is likely to be aided by expanding collaborations and partnerships over the forecast period.
Which region is expected to have the most sales potential for paperboard jars?
According to the study, North America is expected to have the greatest opportunity for paperboard jar sales throughout the projection period, with a CAGR of 4%. The rising adoption of packaging for dry snacks and confectioneries might be related to the market’s growth.
In addition, the growing demand for paperboard jars among cosmetic producers is fueling the growth of the paperboard jars market. Furthermore, the strict regulations established by the governments of several developed nations in the region are projected to present significant chances for the paperboard jars market to grow.
North America’s most lucrative market is expected to be the United States. The country’s contribution can be ascribed to the presence of the most players. Another major factor supporting the sector in the region is the ease with which raw materials can be obtained.