In 2023, the glass spice jars market is projected to reach a value of US$ 5.2 billion, and from 2023 and 2033, it is projected to grow at a CAGR of 4.9% to reach US$ 8.4 billion. In the historical period from 2018 to 2022, the Glass Spice Jars Market displayed growth with a 3.9% CAGR.
Consumers are becoming more and more worried about the effects of their consumption on the environment. Glass jars are an example of sustainable packaging since they are composed of simple materials that are fully recyclable, reusable, and cause less environmental harm during production.
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Spices must be kept in an airtight container to keep their nutritional content for a nice flavour. Because the non-porous nature of glass prevents even a small quantity of air that could destroy the spices from entering, high grade spices are always stored in glass containers to keep their fresh integrity, which helps to improve the shelf life.
How Competitive is the Market?
Latest developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing glass spice jars are anticipated to create lucrative opportunities for market growth during the forecast period.
- In February 2022, Stoelzle Oberglas, headquarters of the ‘Stoelzle Glass Group’, finished the rebuild and expansion of its flint furnace, a EUR 22 million investment fixated on making the production site more efficient and more sustainable in terms of energy efficiency and carbon dioxide emissions. The new flint furnace will hold around 270 tons of melted glass daily. The advanced state of the art melting technology will lessen the amount of energy used in the melting process by an estimated 13% per ton of glass.
- In October 2021, Owens-Illinois, a glass packaging company, declared to spend US$ 178.8 million on two new facilities in Brazil. The investment is part of a US$ 680 million package from the world’s largest container glassmaker that will be made between 2022 and 2024 to improve production in areas with limited supply and introduce a technology that will change the glass manufacturing process.
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Glass Spice Jars Market: Key Manufacturers
- Alcan Packaging
- Anchor Glass Container Corporation
- Caraustar Industries Incorporated
- Constar International Incorporated
- Duy Tan Plastics Manufacturing Corporation
- Evergreen Packaging LLC
- Midland Manufacturing Company
- Multi Packaging Solutions
Glass Spice Jars Market: Segmentation
Globally the glass spice jars market is segmented by material type and end-uses type.
Material Type:
- Float glass
- Toughened glass
- Painted glass
- Patterned glass
- Solar control glass
- Laminated glass
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End-uses Type:
- Institutional
- Consumer or household
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