Global Paperboard Jars Market - 2021-2028
The global paperboard jars market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028).
The term "paperboard" refers to a thick paper-based substance. The paperboard is considerably thicker (normally around 0.30 mm, 0.012 in, or 12 points) and has several advantages over the paper in terms of foldability and rigidity. According to ISO standards, a paperboard is a paper with a grammage of more than 250 g/m2. Paperboard is lightweight, easy to cut and mold, and is utilized in packaging due to its strength.
Paperboard jars are lightweight jars made largely of recycled paper frequently used for food, beverage, and cosmetic packaging. These jars offer excellent barrier characteristics, allowing them to keep food fresh and prevent fragrance migration. Paperboard jars, especially for cosmetics, are frequently considered a cost-effective and environmentally beneficial alternative to metal jars.
Paperboard jars are lower in weight than glass jars, but they are nonetheless strong and long-lasting. Despite the dominance of metal and plastic jars, paperboard jars are likely to gain ground in the packaging of cosmetics, food, and beverages in the next years. Furthermore, paperboard cans are made up of numerous layers coated on the inside with barrier layers for optimal protection.
Label landlords target paperboard jars as an additional packaging solution that ensures protection and folds up as an advertising medium. Paperboard jars are expected to have significant growth potential in the worldwide packaging industry. The availability of multiple closing options is expected to impact the interchange of paperboard jars significantly. Custom-fit finishes, friction-fit lids and supports, and ring-pull cap fittings are also available from various businesses. Paperboard containers with re-sealable closures reduce waste, preserve contents, and allow for several uses.
Paperboard jars are expected to have significant growth potential in the worldwide packaging industry. The availability of multiple closing options is expected to impact the interchange of paperboard jars significantly. To guarantee safety, the companies are using child-resistant container closures. Paperboard jars are frequently viewed as a cost-effective and environmentally friendly option for alloy jars. Consumer awareness of the negative consequences of non-biodegradable materials and increased environmental concerns drive growth in the total paperboard jars market.
Premium packaging solutions act as a target for brand owners
Brand owners are eyeing paperboard jars as a premium packaging solution that promises to protect while also serving as a branding tool. The aesthetics of paperboard jars are further enhanced by high-quality printing, embossing, and the application of varnishes.
Paperboard jars are an excellent choice for shop displays when product distinctiveness is important. As a result, paperboard jars are predicted to rise in popularity in the worldwide packaging market.
Advancements in the availability of various closure options in paperboard jars
The availability of a variety of closure choices is expected to boost paperboard jar sales. To improve safety, manufacturers provide child-resistant dispenser caps. Custom-fit closures, friction-fit tops and bottoms, and ring-pull top assemblies are also available from several vendors. Jars made of paperboard with re-sealable lids waste less, protect the contents, and allow repeated uses.
Furthermore, to improve the consumer experience, packaging producers are including bespoke closures and innovating in terms of paper utilized. The use of specialized metal, plastic, and paperboard fitments and closures ensures that the packaged product is kept leak-free and spill-free. These product advancements are projected to continue, boosting the popularity of paperboard jars in the next decades.
Uneasy recycling of paperboard to limit the rate of expansion.
The carbon footprint of paperboard is higher than that of plastic. Single-stream recycling for the paperboard jars becomes problematic due to contamination, which is a commercial disadvantage. Paperboard rots in landfills and produces methane, a harmful gas that causes an impact on the paperboard recycling process.
The outbreak is wreaking havoc on economies and enterprises in several countries due to lockdowns, travel bans, and firm closures. The COVID-19 epidemic wreaked havoc on the packaging sector, with the impacts of nationwide lockdown, corporations shifting their sourcing away from China, and materials used in packaging being reconsidered.
Although there has been a substantial impact on the supply side of paper packaging, large growth in end-user demand in specific applications has significantly expanded the scope of paper packaging. The packaging industry's focus on hygiene, environmental sustainability, and recyclable products amid the pandemic is projected to impact the market positively.
By End-User, the paperboard jars market is classified into food & beverages, consumer goods, and others.
The food & beverages segment holds the largest market share global paperboard jars market.
The food industry's most valuable asset is paperboard jars packaging. It is environmentally friendly and enhances consumer convenience. As a result, there is fierce competition in the food and beverage business among consumers who provide high-quality items. Various packaging materials are available on the market to meet a variety of packaging needs.
In the food sector, there is severe competition among quality-product producers. As a result of these factors, many food manufacturers continue to produce and provide high-quality items. One of the main drivers of demand for paperboard jars is the increasing number of hypermarkets and supermarkets.
According to the Flexible Packaging Association, the beverage industry accounts for over half of the packaging market in the United States. Over 30% of Americans order food twice a week, and this percentage is expected to climb by 3% in the next few years.
Asia-Pacific holds the largest market share global paperboard jars market.
The Asia-Pacific is likely to provide lucrative prospects for paperboard jar makers due to rising demand for convenience packaged foods, increased usage of environmentally friendly packaging, rising population, and expanding urbanization in this region. The success can be attributed to the country's burgeoning retail sector. Customers prefer appealing and sustainable paperboard containers, and the province's demand for these jars is expected to increase due to this transformation market. In addition, cosmetic manufacturers are increasingly using paperboard jars for cosmetic packaging, which is likely to boost the market for paperboard jars in the region.
Due to various regional competitors, the worldwide market appears to be fragmented and extremely competitive. Several unorganized regional players are projected to contribute to the global paperboard jars market during the forecast period because of the low barrier to entry. Brdrene Hartmann A/S, Chicago Paper Tube & Can Company, Sonoco Products Company, Westrock Company, Nagel Paper, Halaspack Bt, Irwin Packaging Pty Ltd., and Ace Paper Tube are some of the major players in the global Paperboard Jars market.
Sonoco Products Company
Overview: Sonoco's origins can be traced back to the Southern Novelty Company, founded on May 10, 1899, in Hartsville, South Carolina, U.S. Southern Novelty Company expanded its product line and opened new locations In U.S. The company was renamed Sonoco Products Company in 1923. Sonoco is a US$ 5 billion global packaging, industrial products, and packaging supply chain services company. The global consumer packaging businesses (rigid paper and closures, flexibles and plastics), display & packaging division, industrial companies (tubes, cores, reels, spools, uncoated recycled paperboard), and protective solutions division are all part of Sonoco's operations. Sonoco is headquartered in Hartsville, South Carolina, and has over 300 locations in 33 countries, serving customers in 85 countries.
Product Portfolio: Sonoco is dedicated to sustainable sourcing, recycling, and the usage of 100% recycled fiber in the paperboard. With a total yearly capacity of 2.1 million tonnes, the corporation operates 23 paper mills in 12 countries globally. EcoTect paperboard is a unique, smooth, two-sided sustainable packaging solution made entirely of recycled fibers.
Key Development: Sonoco-Alcore S.a.r.l. announced that, in response to the fast-rising cost of European energy, it would increase the pricing on all recycled paperboard grades sold in the Company's EMEA areas by €50 per tonne, effective for all shipments made on or after October 4, 2021. Sonoco Alcore S.a.r.l. is Sonoco's wholly-owned subsidiary in Europe, with 24 tube and core operations and five paperboard mills.
Visualize the composition of the paperboard jars segmentation by neck diameter, material type, end-user and region, highlighting the key commercial assets and players.
Identify commercial opportunities in paperboard jars by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of paperboard jars - level 4/5 segmentation.
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The global paperboard jars report would provide access to an approx. 53 market data table, 53 figures and 180 pages.
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