Global Tempered Round Jars Market Overview
Over the last few decades, jars find a variety of applications in packaging of numerous products such as food, beverages, cosmetics, and other fast-moving consumer goods (FMCG). Tempered round jars are made from thick-walled tempered glass strengthened during the manufacturing stage. Tempered round jars are approximately five times stronger in comparison with conventional glass jars and when accidently dropped on hard surface, chances of breaking tempered round jars is extremely low. Moreover, tempered round jars acts as a perfect temperature barrier which can be used to store greases, oils, and several other viscous liquids. Attributed to all these factors, the market for tempered round jars is expected to observe a wonderful growth over the forecast period.
Global Tempered Round Jars Market Dynamics
Persistent growth in the organized retail sector especially in the developing economies, the market for tempered round jars have witnessed intense sales over the forecast period. Additionally, rising FMCG sector in largely populated countries like China and India is expected to propel further growth in tempered round jars market. Increased customer inclination towards sustainable packaging solutions with features such as high strength, temper proof, temperature resistance, etc. are expected to drive growth in tempered round jars market over the coming years.
Yet, in spite of such affirmative circumstances, the growth in tempered round jars market is hampered from its low-cost substitutes plastic and paper jars readily available in the market.
Global Tempered Round Jars Market Segmentation
The global tempered round jars market can be segmented on the basis of capacity, closure type, and by applications.
The global tempered round jars market can be segmented on the basis of capacity into:
- Tempered Round Jars with capacity below 100 ml
- Capacity ranging between 100 ml - 250 ml
- Capacity between 250 ml - 500 ml
- capacity between 500 ml - 1000 ml
- Tempered Round Jars with capacity above 1000 ml / 1 Liter
The global tempered round jars market can be segmented on the basis of closure type into:
- Flat Caps
- Screw Caps
- Others (Stoppers, etc.)
The global tempered round jars market can be segmented on the basis of applications into:
- Food & Beverages (F&B) Packaging
- Syrup Packaging
- Fresh Juice Packaging
- Frozen Food Packaging
- Ready Meal Packaging
- Others (Dairy Products Packaging, etc.)
- Food Service Disposables
- Cosmetics & Personal Care Packaging
- Toiletries & Home Care Packaging
- Pharmaceuticals Drug Packaging
- Chemicals & Lubricants Packaging
- Other Packaging Applications
Global Tempered Round Jars Market Regional Outlook
Europe is estimated to be the largest market for tempered round jars followed by North America. These two regions being a mature market is expected to witness a stable growth for tempered round jars market. Owing to the presence of a well-established manufacturers of glass containers, the countries like USA, France, Germany, U.K, Italy, etc. are expected to witness a steady growth for tempered round jars market.
Also, Middle-East region is expected to observe an increased growth opportunities in tempered round jars market as a result of rise in demand for antimicrobial packaging solutions for serving F&B and pharmaceuticals drug packaging market.
However, being an emerging market, the Asia Pacific region is expected to witness the maximum growth for tempered round jars over the forecast period 2018-2028. By end-use industry, the food & beverage as well as cosmetic packaging in the APAC region are estimated to create the largest demand for tempered round jars and are expected to remain dominant over the forecast period.
Finally, summing the above regional scenario, the market for tempered round jars is estimated to witness a healthy rate of growth over the forecast period.
Global Tempered Round Jars Market Key Players
Some of the key players currently operating in the global tempered round jars market are:
- Owens Illinois Group Inc.
- Container and Packaging Supply, Inc.
- Amcor Ltd
- Cospak Pty Ltd.
- Gerresheimer AG
- Great Western Containers Inc.
- RPC Group Plc
- Ball Corporation
- Silgan Holdings Inc.
- Berry Global Group Inc
- Albea S.A.
- HCP Packaging
- Quadpack Industries
- Raepak Ltd
- Alpha Packaging, Inc.
- Graham Packaging Company Inc.
- IntraPac International Corporation
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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10. What will be the barrier to entry for new players in the market?
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