The Paragon glass jar market is estimated to reach US$ 120.49 billion by 2032, growing at a CAGR of 5.3% between 2022 and 2032. The Paragon glass jar market is likely to be valued at US$ 68.27 billion by 2022. The high demand for container glass in the food and beverage industry is expected to spur the paragon glass jar market growth.
Glass packaging offers distinct advantages such as chemical inertness, high recyclability, non-porosity, and impermeability, which are expected to drive the global paragon glass jar market.
End-user industries' increased demand for packaged food products is expected to drive the global paragon glass jar market. Paragon glass is widely used in the packaging of food products like olive oil and jam. The rise in demand for these food items is expected to boost the market for paragon glass jars.
However, the increasing use of plastic and metal packaging around the world may have a negative impact on the demand for paragon glass jars. The fragile glass body of the paragon glass jar makes its use dangerous, especially in the home.
The recycling of glass to generate paragon glass jars is a trend in the paragon glass jar market. Furthermore, there are opportunities for paragon glass jar manufacturers to create lighter-weight paragon glass jars with mechanical properties comparable to conventional paragon glass jars.
Environmental considerations relating to the use of container glass may stymie growth in the economy. Air-polluting compounds such as nitrogen oxides, sulphur dioxide, and particulates are released during the container glass manufacturing process.
The latter is even more dangerous because the particles of metals, chemicals, acids, and dust that makeup particulates are so small (10 micrometres or less) that they can freely enter the nose and throat and reach the lungs, where they cause significant damage. This factor may impede market growth during the forecast period.
North America and Europe are expected to dominate the market share in the global paragon glass jar market due to the high demand for packaged food and beverages. The presence of well-established top economies such as the United States in North America and Germany, France, Italy, and the United Kingdom in Europe is expected to stimulate demand for paragon glass jars in the region.
Asia Pacific is expected to experience the highest CAGR in the paragon glass jar market during the forecast period. The region's booming packaged food growth, combined with the availability of rapidly expanding countries such as India, China, and ASEAN countries, is expected to fuel the growth of the paragon glass jar market.
Attributes
Details
Paragon Glass Jar Market CAGR (2022-2032)
5.3%
Paragon Glass Jar Market Size (2022)
US$ 68.27 billion
Paragon Glass Jar Market Size (2032)
US$ 120.49 billion
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Paragon glass jar is widely used for canning food products such as jam, spices, and food products. The straight and tall body of paragon glass coupled with a wide dispensing opening makes paragon glass jar adequate to store more food. Paragon glass provide excellent compatibility of materials with high strength. Glass delivers exceptional barrier properties to the food products which are contained in the paragon glass jar.
Due to the elegant looks provided by the paragon glass they are preferred by the end-user industries as well as consumers for household care. The surface of the paragon glass jar can be easily printed with different printing techniques such as screen printing and digital printing. The paragon glass jar usually has the lug finish which contains thin edges and only requires a half turn to seal the container.
The slender body with high length makes paragon glass jar an ideal solution for space saving. Besides, the transparency provided by the glass allows the consumers to clear showcase the product.
Paragon Glass Jar Market: Dynamics
The distinct advantages provided by glass packaging such as chemical inertness, high recyclability, non-porosity, and impermeability is expected to propel the global paragon glass jar market. The escalated demand of packaged food products from the end-user industries is anticipated to fuel the global paragon glass jar market.
The paragon glass is extensively used to package food products such as olive oil and jams. The increase in demand for these food products is expected to bolster the paragon glass jar market.
However, the increasing penetration of the plastic and metal packaging across the globe can adversely affect the demand of paragon glass jar. The delicate glass body of paragon glass jar makes their use perilous, especially in the household.
The trend in paragon glass jar market is recycling of glass to produce paragon glass jar. Besides, there are opportunities for the paragon glass jar manufacturers to produce lighter weight paragon glass jar with the similar mechanical properties of conventional paragon glass jar.
Due to the very high demand for packaged food and beverages North America and Europe are projected to have the largest market share in the global paragon glass jar market. The presence well established top economies such as US in North America and the presence of Germany, France, Italy and U.K. in Europe is expected to propel the demand for paragon glass jar in the region.
Asia Pacific is projected to have the highest CAGR during the forecast period in global paragon glass jar market. The booming growth of packaged food in the region coupled with the presence of rapidly growing economies such as India, China, and ASEAN countries is expected to bolster the growth of paragon glass jar market in the region.
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Geographically the global paragon glass jar market has been divided into seven key regions as
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Middle East & Africa
Japan
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Paragon Glass Jar Market: Segmentation
Globally, the paragon glass jar market is segmented on the basis of capacity and end-user industries which are further segmented as -
On the basis of capacity, the global paragon glass jar market is segmented as-
Less than 10 oz
11 oz - 20 oz
More than 20 oz
On the basis of end-user industry, the global paragon glass jar market is segmented as-
