The global F-style Jugs Market is estimated to exhibit growth at a CAGR of around 4% to 5% during the forecast period 2022 to 2032. The growing need for high-performance packaging solutions for storing and stacking liquid products for a longer duration is creating lucrative growth opportunities for the F-style jugs market.
| Report Attribute | Details |
|---|---|
| F-style jugs Market Projected Growth Rate (2022 to 2032) | 4% to 5% CAGR |
F-style jugs are oblong rectangular wide-shaped containers with a handle. These containers are commonly made of plastics and are lightweight, heavy-duty, and durable. The rectangular shape of F-style jugs makes them easy to stack, transport, and store along with providing wide space for promotional and advertising activities.
Also, the smallmouth and ergonomic handle attached to these jugs, provide them their unique F-style look, making F-style jugs more comfortable for customers to carry and pour content into the container, thereby, minimizing wastage. These containers are mostly made using materials such as polypropylene (PP) or high-density polyethylene (HDPE) which offers an excellent blend of flexibility, strength, durability, zero corrosiveness, and chemical resistance.
Being available in various sizes ranging from as small as 4 oz to as large as 5 gallons, F-style jugs are finding a wide range of applications across industries such as chemical, food & beverages, automotive, fertilizers, and others.
These containers are increasingly being used for packaging and storing chemicals, petroleum products, edible oils, water, lubrication products, chemical solutions, and others. This is projected to facilitate growth in the global F-style jugs market.
Demand for F-style jugs is surging at a rapid pace across the chemical industry. The rapid adoption of these containers for packaging and storing processes foods and liquid products such as edible oil, sauces, jam, purees, juices, and others is accelerating sales across the food & beverage industry. Increasing customer demand for easy-to-use, stack, and store packaging products is catapulting the sales of F-style jugs across diverse industries.
Industry players are increasingly focusing on adopting robust packaging solutions to extend the shelf life and minimize product wastage while pouring activities. As F-style jugs fulfill these requirements along with providing additional benefits such as chemical resistance and low risk of leakage, demand for these containers is propelling in the market.
Over the past couple of years, a swift rise in the adoption of sustainable and recyclable packaging solutions is being witnessed across diverse industries, owing to rising environmental concerns and the implementation of stringent regulations in countries such as the USA, China, India, the United Kingdom, and others.
As F-style jugs are reusable and are made of environment-friendly & recyclable material such as HDPE plastic, they are gaining huge popularity across the food & beverage and chemical industries. This is anticipated to elevate the demand for F-style jugs in the global market.
Plastics such as high-density polyethylene, polypropylene, polyethylene terephthalate, and others take hundreds of years to decompose. Thus, governments in several countries are implementing several guidelines and regulations for declining the use of plastics for packaging. This is restraining the demand for F-style jugs in the global market.
In addition to this, the high cost of these containers and the increasing use of metal cans for lubrication and petroleum products is expected to hinder the sales of F-style jugs.
FMI states that Asia Pacific excluding Japan is estimated to account for the maximum revenue share in the global F-style jugs market from 2022 to 2032.
Rising customer inclination towards deep-fried food products such as potato chips, fries, snacks, patties, and others has resulted in augmenting the demand for edible oils such as sunflower oil, soybean oil, and groundnut oil among others.
Thus, key industry players are increasingly aiming at expanding their oil production capacity to cater to this growing demand. For instance, in 2022, Fortune Oil, an Indian edible oil-producing company announced its plan of investing USD 59.5 Million for acquiring small regional enterprises to expand its vegetable oil production capacity. As F-style jugs are extensively used for packaging edible oil in 2 liters, 5 liters, 10 liters, and 15 liters capacities, such developments are projected to bolster sales in the Asia Pacific excluding the Japan market.
As per Future Market Insights, North America is anticipated to exhibit healthy growth in the global F-style jugs market during the forecast period 2022 to 2032.
Increasing adoption of sustainable and durable packaging solutions in various industries such as automotive, chemical, fertilizer, and others is augmenting the demand for F-style jugs. With growing applications across homecare products across countries such as the USA and Canada, leading players are aiming at launching novel products with safety features.
For instance, in 2019, CSBD LLC., an American manufacturer of plastic packaging products announced launching a new F-Style Clear Plastic Jug with leakage-proof, child-resistant closure for residential and industrial cleaning products application. A slew of such new product launches is estimated to favor growth in the North American market.
Some of the leading players in the global F-style jugs market are USA Plastic Corporation, CSBD LLC., Berlin Packaging, Polycon Industries, Inc., Qorpak, MJS Packaging, LPS Industries, Berk Company, LLC, Pretium Packaging Solutions, CKS Packaging, Inc., Comar, LLC., and others.
Key players in the F-style jugs market are focusing on launching novel products and capacity expansion to strengthen their footprint in the highly competitive market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4% to 5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Material Type, Capacity, Application, End Use, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific excluding Japan; Japan; Middle East and Africa |
| Key Companies Profiled | USA Plastic Corporation; CSBD LLC.; Berlin Packaging; Polycon Industries, Inc.; Qorpak; MJS Packaging; LPS Industries; Berk Company, LLC; Pretium Packaging Solutions; CKS Packaging, Inc.; Comar, LLC |
| Customization | Available Upon Request |
FMI projects the sales of F-style jugs in the market are expected to rise at 4% to 5% value CAGR by 2032.
The global F-style jugs market is anticipated to be dominated by Asia Pacific excluding Japan over the forecast period 2022 to 2032.
USA Plastic Corporation, CSBD LLC., Berlin Packaging, Polycon Industries, Inc., Qorpak, MJS Packaging, LPS Industries, Berk Company, LLC, Pretium Packaging Solutions, CKS Packaging, Inc., Comar, LLC., and others some of the leading players in the global F-style jugs market.
F-style Jugs Market
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